GCAC’s new Efixii Uplift app takes the middleman out of couponing

by James · March 8, 2023

(via TheNewswire)

Vancouver, BC – TheNewswire – March 7, 2023 – Global Compliance Applications Corp. (“GCAC” or the “Company”) (CSE:APP) (FSE:2FA) (OTC:FUAPF) is pleased to announce the launch of a new consumer-centric application, Uplift. With approval from the Apple and Android app stores, Uplift will be available to residential consumers in North America, Australia and other select regions in April 2023.

Uplift replaces the current consumer version of Efixii. It allows brands to generate NFT coupons and send them directly to the ETH wallets of consumers who download Uplift. Uplift receives questions about a new user interface, the ability to invite a friend, and dynamic product feedback based on purchased and scanned products. Consumers can share their NFT coupons with others, resulting in additional Uplift downloads. To preview Uplift, click here: https://efixii.io/consumer_app/.

GCAC Efixii is an Ethereum Layer-2 Web3.0 solution that helps companies increase sales, retain customers and build brand equity. It is offered as an affordable SaaS solution where brands connect directly with consumers by revealing the truth about their products on the Efixii blockchain. This story is viewed by a QR code and consumers can provide feedback about this chain through Uplift. Due to the peer-to-peer relationship of all stakeholders in the supply chain, Efixii skips the requirements of traditional coupon clearinghouses, saving time and money.

Digital couponing has grown significantly in the United States in recent years as more consumers use mobile devices and shop online. In 2019, the total value of all coupons distributed in the United States was $467 billion. Of this, only $3.6 billion worth of coupons were redeemed, which is also the total amount of savings achieved by consumers. [1]. This shift has likely been accelerated by the COVID-19 pandemic, which has prompted many consumers to shift their shopping online. Inmar Intelligence reports that digital coupon redemptions accounted for 33% of all coupon redemptions in the first half of 2021, compared to 24% for FSIs. Total digital coupon redemption volume in 2021 was up 13% year-over-year in 2020, indicating continued and growing demand for both the savings and convenience of digital coupons. [2].

According to GCAC CEO Brad Moore, “Uplift is the king of Efixii. Citizen under green flag [3]let’s start by providing discount, safe medical cannabis coupons to countless American veterans [4] who do not have access to a federal program like their Canadian brethren. From there, we will expand into consumer products that can be purchased with a coupon and add value to your life and the lives of family and friends.”

[1]http://surl.li/fgcwn

[2]https://www.inmar.com/blog/press/new-inmar-intelligence-data-show-strong-growth-digital-coupons-which-significantly

[3]https://newsroom.globalcompliance.app/223662-gcac-announces-close-of-definitive-agreement-launching-medical-cannabis-business-for-canadian-veterans

[4]https://www.ptsd.va.gov/professional/treat/cooccurring/marijuana_ptsd_vets.asp

About Global Compliance Applications Corp. “GCAC”.

GCAC is a global leader in the design and development of innovative blockchain technologies and machine learning solutions to improve real-world business. GCAC’s leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM programming feature on par with other Layer-2s such as Polygon. GCAC can quickly connect all participants from product manufacturers, distributors, manufacturers and retailers through a series of dApps value chain that enable data connectivity to drive better consumer experiences and sales. GCAC created clearESG to help businesses communicate their sustainability goals and achievements on the blockchain through a series of ESG (Environmental, Social & Governance) merit badges. As a connected supply chain solution, the Efixii solution pays tokens through a rewards program for certifying the value or authenticity of a product. GCAC works in a variety of agricultural industries and offers a value-added blockchain offering through a cost-effective SaaS licensing model.

For more information about the company, visit www.gcac.tech or review its profiles at www.sedar.com and the Canadian Stock Exchange at www.thecse.com.

GCAC Press Liaison

Phone: +1 (800) 409-5679

Email: [email protected]

www.gcac.tech

Forward-looking information

This press release may contain forward-looking information regarding GCAC’s business within the meaning of Canadian securities laws. Forward-looking information is based on certain key expectations and assumptions of GCAC management. Although the Company’s management believes that the expectations and assumptions underlying such forward-looking information are reasonable, undue reliance should not be placed on such forward-looking information, as GCAC can give no assurance that such forward-looking information will prove to be correct. The forward-looking statements contained in this press release are made as of the date of this press release. GCAC disclaims any intention or obligation to publicly update forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed and assumes no responsibility for the adequacy or accuracy of this information.