Global Future City Holding Purchases Powerdyne Regional Center an Eb-5 Regional Center Approved by the USCIS for $250,000
MISSION VIEJO, CA / ACCESSWIRE / March 30, 2015 / Global Future City Holding Inc. (FTCY) (the "Company") announced the purchase of Powerdyne Regional Center LLC ("Powerdyne Regional Center"), a designated EB-5 Regional Center approved by the U.S. Citizen and Immigration Service ("USCIS"). The aggregate purchase price for 100% of the membership interest of Powerdyne Regional Center is $250,000.00, of which $125,000.00 was funded on March 27, 2015. The balance will be paid in five quarterly installments of $25,000.00 with the payments due on April 1, 2015, July 1, 2015, October 1, 2015, January 1, 2016 and April 1, 2016. The Company filed a Current Report on Form 8-K with the Securities and Exchange Commission ("SEC") on March 30, 2015 which describes the acquisition in detail.