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FT8 plc (GFT)

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Friday 22 January, 2016

FT8 plc

Execution of an Investment and Subscription Agreement

22 January 2016

FT8 Plc

("FT8”)

Execution of an Investment and Subscription Agreement

FT8 LLC, a newly-formed and wholly-owned subsidiary of FT8 Plc, announces the execution of an Investment and Subscription Agreement with BIPS Technologies LLC, a U.S. company owned by Robert Fleury.

The Agreement calls for FT8 LLC to initially acquire 40% of the Common Stock shareholding of BIPS Technologies LLC in exchange for technology rights developed by FT8 and FT8’s commitment to cover the related program management and transactional banking fees associated with the administration of a Supplemental Insurance Funds Transfer Program. FT8’s technology rights encompass processes related to the administration of the Supplemental Insurance Funds Transfer Program pursuant to a contract executed with Homeland HealthCare, Inc., a licensed and regulated Third Party Administrator of voluntary employee benefits. The technology rights being licensed by FT8 only pertain to the voluntary benefits market and do not preclude FT8 from servicing other insurance market segments. BIPS Technologies LLC will hold the contractual rights to administer the Supplemental Insurance Funds Transfer Program to service the clients of Homeland HealthCare, Inc.

The existing contract with Homeland HealthCare, Inc. projects minimum employee enrollment of 75,000 individuals through the end of 2016, minimum cumulative employee enrollment of 200,000 individuals through the end of 2017, and minimum cumulative employee enrollment of 350,000 individuals through the end of 2018. BIPS Technologies Ltd projects that gross revenue per enrolled employee will be between US$ 1.05 - $1.15 per month. FT8 LLC would receive dividends based on the net profitability of the renewable, three-year contract with Homeland HealthCare, Inc. However, at this stage there can be no guarantee that these projected revenue levels will be achieved.

There are no additional ongoing financial commitments associated with FT8 LLC’s investment in BIPS Technologies LLC, a company that has no current sales turnover. The Investment and Subscription Agreement requires that this initial transaction between the parties be completed within 30 days.

For further details please contact:

Sean McShane  FT8 Plc +1 8172 718 169

Phillip Pryor FT8 Plc +60 19 212 8026

Katy Mitchell WH Ireland Limited +44 161 832 2174


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