GLOBAL TECH INDUSTRIES GROUP, INC. COMMENCES MOVE TO THE OTCQB
New York, Dec. 16, 2020 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (“GTII”), a development stage company focused on acquiring new and/or innovative technologies in diverse industries, today announced that it has begun the process of restoring the Company to the OTCQB, which should occur on or before December 31st, 2020. The OTCQB is an established public market that enables companies to provide current public information that investors need to analyze, value, and trade securities, with greater visibility and transparency.
GTII’s Chief Executive Officer, Mr. David Reichman stated, “This is a major goal that we set for ourselves and have been working towards for some time, and with financing secured by the recently signed agreement with Geneva Roth Remark Holdings, Inc., I am confident we will complete this all-important step before the end of the year”.
About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, is a development stage company, specializing in the pursuit of acquiring new and/or innovative technologies.
Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to general stock market conditions. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new service lines noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in, the impact of which cannot be predicted at this time.
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