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Global Tech Industries Group, Inc to attempt to enforce contract dispute with Hong Kong partner.

NEW YORK, NY, — (Businesswire – May 22, 2017) GLOBAL TECH INDUSTRIES GROUP, INC. (“OTC: PINK”), a Nevada Corporation Inc., and its subsidiary G T International Group, Inc., having previously executed a binding Stock Purchase Agreement on December 30, 2016 to acquire 100% of Go F & B Holdings, Ltd., a Hong Kong SAR Corporation and a subsidiary of GoFun Group, Ltd. Corporation, (a BVI Corporation), have been forced by the actions of the management of Go F & B Holdings Ltd to file suit in the United States District Court for the Southern District of New York, case # 17-CV-03727, (https://goo.gl/Js7HYa) in regard to the contract entered into on December 30, 2016. GTII’s suit specifically addresses the issues of contract breach, specific performance, indemnification and fraud.

At the time of entering the contract, Go F & B Holdings Ltd., purported to own and operate three restaurants, and a Central Kitchen for an Online-to-Offline food delivery business. Cheung Yee Man, Elaine a/k/a Elaine Cheng and, Tam Yiu Chuen a/k/a Sam Tam on behalf of unnamed “unit shareholders”, executed and signed the Agreement on December 30, 2016 at their corporate offices in the Austin Tower in Hong Kong SAR. A senior member of their staff, Fong Yat Sing, Vitus, a/k/a Victor Fong, also signed the agreement, as did the Chairman of Global Tech, Mr. David Reichman. Fong Yiu Yuen, Joseph a/k/a Joseph Fong, the project leader throughout the acquisition & negotiation was also present, as well as Angie Liu, executive assistant to Sam Tam, and witnessed the execution of the agreement, but were not signatories.

Go F&B ceased making payments under the agreement in February, 2017 and has not been heard from since that time, at which time several demands were made by GTII relating to the matter. Go F&B’s failures include not complying with document and corporate material production, failing to provide consolidated financial information, and not complying with the payment schedule laid out in the agreement. Finally, Go F & B did not submit for inclusion in GTII’s filings the 2016 PCAOB compliant audit as stipulated, which resulted in GTII having to file its annual report Form, 10-K without Go F & B’s numbers.

GTII’s counsel, Warren R. Markowitz, Esq at The Markowitz Law Firm intends to aggressively pursue all remedies available to it, and at its disposal in this matter. http://www.WarrenMarkowitzEsq.com

GLOBAL TECH INDUSTRIES GROUP, INC. is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties, proprietary systems, and trade secrets in the bioscience, clean tech, and global health technologies, as well as previous interests in the Oil & Gas businesses. For more information on GLOBAL TECH contact Mr. Mike King of Princeton Research Inc. at 702.650.3000. mike@princetonresearch.com

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes”, “belief”, “expects”, “intends”, “anticipates”, “will”, or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.

Signing of GTII Acquires Restaurant and Catering Business in Hong Kong

NEW YORK, NY / ACCESSWIRE / January 5, 2017 / Global Tech Industries Group, Inc. (OTC PINK: GTII), (“GTII”) formerly known as Tree Top Industries, Inc. (OTC:TTII), a Nevada corporation, has announced a stock purchase agreement, which was signed and closed on December 30, 2016 in Hong Kong, with GoFun Group, Ltd. (“GoFun”) through its wholly owned subsidiary Go F & B Holdings, Ltd. The result is that GoFun, through its subsidiary, has successfully taken its four restaurants public, as a wholly owned subsidiary of GTII. Further, pursuant to the stock purchase agreement, two members of GoFun’s executive management, will be added as directors to the GTII board of directors. An 8-K filing, disclosing this event will be forthcoming. Mr. David Reichman, CEO and Chairman of GTII, expressed confidence that the agreement is in the best business interests and goals of both organizations.

Global Tech Industries Group, Inc. (GTII) is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties, proprietary systems, and trade secrets in the bioscience, clean tech, and global health industries, as well as interests in energy-related businesses, and restaurant services. For more information on Global Tech Industries Group, Inc., see our website: www.GTII-US.com or contact Mr. Mike King of Princeton Research Inc. at 702.650.3000.

GoFun Group, Ltd. is a privately held company, running a casual dining restaurant business based in Hong Kong. The company employs an integrated O2O (online-to-offline, and offline-to-online), with a central kitchen foundation that finds consumers online and brings them to a ‘real world’ food-tasting and pickup location as well as to their restaurants. The company uses the dining and free food tasting experience to bring more customers in to buy various food products, online. The O2O effort ultimately will lead to the company being a broader commerce supply-chain facilitation company.

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes”, “belief”, “expects”, “intends”, “anticipates”, “projects” “will”, or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.

SOURCE: Global Tech Industries Group, Inc.

From left: From GoFun Holding, Limited:
Angie Au, Victor Fong (Fong Yat Sing), Sam Tam (Tam Yiu Chuen), Elaine Cheung (Cheng Yee Man), Joseph Fong , From GTII, David Reichman

Tree Top Industries Changes Its Name to Global Tech Industries Group, Inc.; New Trading Symbol: OTC: GTII

NEW YORK, NY / ACCESSWIRE / July 18, 2016 / GLOBAL TECH INDUSTRIES GROUP, INC. (New Trading Symbol OTC: GTII), a Nevada corporation, formerly known as Tree Top Industries, Inc., effective as of July 7, 2016, had a change of Company name in order to more accurately reflect the Company’s evolving focus and its mission to advance a more global business platform.

David Reichman, Chairman of the Board and CEO stated, “We are excited to be entering the next phase of our business mission as Global Tech, as we enter final negotiations with GoFun Group, Ltd., whose portfolio of businesses includes, among other assets, restaurants in Hong Kong and an O2O (offline to online) business in the food service sector, as well as other food and service-oriented businesses in Hong Kong and mainland China. We plan on travelling to Hong Kong in the latter part of July or early August, bringing top management with us, as well as our accountants who specialize in GAAP accounting systems and our legal team, in order to further formulate a definitive agreement with GoFun Group’s management for the acquisition.”

GLOBAL TECH INDUSTRIES GROUP, INC. is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties, proprietary systems, and trade secrets in the bioscience, clean tech, and global health technologies.

GoFun Group, Ltd. is a privately held company, running casual dining restaurants business based in Hong Kong. The company employs an integrated O2O (online-to-offline, and offline-to-online), with a central kitchen foundation that finds consumers online and brings them to a, “real world” food-tasting and pickup location as well as to their restaurants. The company uses the dining and free food tasting experience to bring more customers in to buy various food products online. The O2O effort ultimately will lead to the company being a broader commerce supply-chain facilitation company.

Long a supporter of philanthropic causes, the company hires the hearing-impaired, providing jobs where otherwise none may be had. Additionally, the company engages in family-based promotions which offer children training in the industry, simultaneously developing loyal customers and good neighborhood relations.

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes”, “belief”, “expects”, “intends”, “anticipates”, “will”, or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.

For more information on Global Tech Industries Group, Inc. contact:

Mr. Mike King of Princeton Research Inc. at 702.650.3000

SOURCE: Global Tech Industries Group, Inc.

Global Tech team makes trip to Hong Kong and China to further solidify agreement with GoFun Group Holdings, Ltd.  

Global Tech team makes trip to Hong Kong and China to further solidify agreement with GoFun Group Holdings, Ltd.

Chefs prepare fresh food at GoFun's Central Kitchen, which will be served to guests visiting the Kitchen and also packaged fresh and shipped to GoFun's three restaurants in Hong Kong

Chefs prepare fresh food at GoFun’s Central Kitchen, which will be served to guests visiting the Kitchen and also packaged fresh and shipped to GoFun’s three restaurants in Hong Kong

Kathy Griffin, President of Global Tech with others waiting to sample food at the Central Kitchen in Hong Kong.

Kathy Griffin, President of Global Tech with others waiting to sample food at the Central Kitchen in Hong Kong.

A very popular Hong Kong local style restaurant. Owned by GoFun Group.

A very popular Hong Kong local style restaurant. Owned by GoFun Group.

Another restaurant under GoFun Group - Italian fusion restaurant in Hong Kong operated by deaf impaired staff.

Another restaurant under GoFun Group – Italian fusion restaurant in Hong Kong operated by deaf impaired staff.

David Reichman, Chairman and CEO of Global Tech and Sam Tam, Director of GoFun Group Holdings, Ltd.

David Reichman, Chairman and CEO of Global Tech and Sam Tam, Director of GoFun Group Holdings, Ltd.

Fresh beef, seafood and vegetables presented at GoFun's Japanese BBQ steakhouse restaurant, to be prepared individually by guests on cooking stations housed at the tables.

Fresh beef, seafood and vegetables presented at GoFun’s Japanese BBQ steakhouse restaurant, to be prepared individually by guests on cooking stations housed at the tables.