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GLOBAL TECH INDUSTRIES GROUP, INC. SIGNS LETTER OF INTENT WITH GOLD TRANSACTIONS INTERNATIONAL, INC.

February 8, 2021, New York, New York: (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “Company”), www.gtii-us.com a development stage company, focused on acquiring new and innovative technologies in diverse industries, after repositioning itself to rejoin the OTCQB marketplace, securing interim financing from Genova Roth Remark Holdings, Inc., and retaining International Monetary for capital formation and support of its investor relations efforts, today announced that it has successfully executed a Letter of Intent with Gold Transactions International, Inc., (“GTI”), a Utah corporation. The expected closing date of the final, binding acquisition agreement, defining the terms of the acquisition of GTI by GTII, including an assessment its assets and operations going forward, is anticipated to be completed by February 28, 2021. Please visit our page on OTC Markets for current market price.

GTII’s Chief Executive Officer, Mr. David Reichman stated, “By restoring the company back onto the OTCQB, securing financial backing and partnering with an investor relations firm with International Monetary’s reputation, our team was able to move swiftly to negotiate from strength and sign this Letter of Intent. We are now strategically positioned to close the acquisition in the first quarter of 2021, and work to develop the potential assets of Gold Transactions International, Inc. whose goals for merger and expansion coincide with our own”.

GTI’s Chief Executive Officer, Tsuimei Wang added, “GTI has been searching for a strategic partner to assist us in expanding our operations in international gold commerce, and we believe GTII is the perfect fit. With GTII’s expertise and resources, we fully expect to successfully expand our operations and bring our other gold-based products to market.”

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 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 the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. 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 development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.

Blaine Riley – br@intlmonetary.com

International Monetary

620 Newport Center Drive, #1100

Newport Beach, CA 92660

949.200.4601

www.gtii-us.com

www.otcmarkets.com/stock/gtii

GLOBAL TECH INDUSTRIES GROUP, INC. COMPLETES MOVE TO THE OTCQB

New York, Jan. 11, 2021 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (“GTII” or “Company”), a development stage company, focused on acquiring new and innovative technologies in diverse industries, today announced that the Company has officially been restored to the OTCQB public market, and that as of this morning it will be able to function as such, providing vital current and 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, “Through a consistent and dedicated effort by our GTII team, we have been able to complete the necessary steps and demonstrate the appropriate level of compliance to the SEC and the OTCQB market to actualize this vital component of our 2021 Business Plan. It is indeed the beginning of a new and exciting year for GTII”.

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 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 the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. 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 development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.

Blaine Riley
International Monetary
620 Newport Center Drive, #1100
Newport Beach, CA 92660
949.200.4601

www.gtii-us.com

www.otcmarkets.com/stock/gtii

GLOBAL TECH INDUSTRIES GROUP, INC. RETAINS INTERNATIONAL MONETARY FOR INVESTOR RELATIONS, CAPITAL FORMATION, AND OTHER STRATEGIC SERVICES

New York, Dec. 21, 2020 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (“GTII”), www.gtii-us.com, a development stage company focused on acquiring new and/or innovative technologies in diverse industries, today announced that it has entered into a formal agreement with International Monetary, www.intlmonetary.com, a merchant bank based in Newport Beach, CA, who will assist GTII in identifying new business prospects and strategic partnerships, as well as source capital so the company can continue to expand.

GTII’s Chief Executive Officer, Mr. David Reichman stated, “We are pleased to have signed an agreement with International Monetary and believe that this additional support will serve to put the company in position to achieve its stated goals of expanding our shareholder base, raising awareness of the company in the marketplace, and uncovering interesting opportunities going forward.”

International Monetary’s Managing Director, Mr. Blaine Riley added, “From the moment our team reviewed GTII’s capabilities, we immediately recognized the enormous potential for this young company and wanted to be part of what I expect will be one of the most talked about emerging growth stories. On the investor relations side, we will direct a series of initiatives to enhance shareholder value and ensure liquidity, and through our investment banking and strategic advisory arm, we will also advise the company on matters such as capital resources, structured financing, mergers and acquisitions, and advise the company’s management on other strategic decisions”.

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.

About International Monetary: Founded in 1997, IM recognized a need to provide investment banking services with the speed and precision that is required in the new internet and technology economy. IM focuses on turnaround situations and rapidly growing small companies, specializing in debt/equity financing of under $1 billion. IM is led by a team of Managing Directors that offer a number of strategic advisory services, including: sourcing capital sources, M&A consultation, int’l licensing/commercialization, product/service distribution, advertising and marketing, and shareholder enhancement services. To learn more about IM, go to: www.intlmonetary.com

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.

Mike King
Princeton Research, Inc.
3887 Pacific Street, Las Vegas NV
702.338.2700

www.gtii-us.com

www.otcmarkets.com/stock/gtii

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.

Mike King
Princeton Research, Inc.
3887 Pacific Street, Las Vegas NV
702.338.2700

www.gtii-us.com

www.otcmarkets.com/stock/gtii

GLOBAL TECH INDUSTRIES GROUP, INC. SECURES PRIVATE EQUITY FINANCING TO SUPPORT UPCOMING ACQUISITION(S)

New York, New York, Dec. 02, 2020 (GLOBE NEWSWIRE) — As previously disclosed in an 8K filed on November 30th, 2020, with the Securities Exchange Commission, 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 entered into a Financing Agreement with Geneva Roth Remark Holdings, Inc. (“GRR”). The Company has received the initial funding under the financing agreement.

GTII’s Chief Executive Officer, Mr. David Reichman stated, “We are extremely pleased to have forged a relationship with GRR and believe that this is the beginning of a successful funding partnership, which will support our efforts to aggressively pursue new acquisitions”.

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.

Mike King
Princeton Research, Inc.
3887 Pacific Street, Las Vegas NV
702.338.2700

www.gtii-us.com

www.otcmarkets.com/stock/gtii

GLOBAL TECH INDUSTRIES GROUP (GTII) ENTERS INTO AGREEMENT WITH FIRST CAPITAL MASTER ADVISOR AND GCA EQUITY PARTNERS FOR ACQUISITION OF Multi-MILLION DOLLAR REAL ESTATE PORTFOLIO

– Transforms company and positions it as a real estate operating company

New York, NY, April 22, 2019 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCPK:GTII) (“GTII”), a Nevada Corporation, announced today that it has entered into a binding agreement with First Capital Master Advisor and GCA Equity Partners, LLC to acquire from them a portfolio of real estate properties represented to have at closing an estimated enterprise value of approximately $450 Million. GTII has agreed to issue shares of its common stock and newly authorized preferred stock to the Seller in consideration for the assets.

The portfolio is expected to be comprised of real estate development and construction projects including land development sites in growth markets, single family and multi-family homes, mixed-use master-plan projects including single family residential, high-density multi-family, and commercial elements, and other improved and unimproved assets located primarily in Texas and California. Details of the transaction are described in GTII’s recent 8K filing with the SEC, but essentially GTII’s new business model will be to acquire, develop, build, manage, and sell these types of real estate projects.

According to an article published by Brad Broberg on the National Association of Realtors website in December of 2018, housing demand is significantly higher than supply in the United States, particularly in the west. Specifically, the article notes that “…research by a coalition of housing developers, Up for Growth, calculated that from 2000 to 2015 the nation constructed 7.3 million fewer units of housing than it should have based on a matrix of historic demand indicators such as home prices, population and income…California was by far the biggest underachiever with a shortfall of 3.4 million units…” GTII’s real estate development efforts will focus on capitalizing on that shortfall.

Suneet Singal, Chief Executive Officer of First Capital Master Advisor stated, “We are excited by the opportunity to continue executing upon our value add investment thesis as it relates to real estate residential master plan development growth opportunities in the US Market. Given current consumer appetite, a low interest rate economic climate and the demand for solid real estate residential development assets, we believe this investment will be significantly accretive to the shareholder base of GTII.”

“We see the potential for great synergy between the types of development assets we are contributing, the current high level of consumer need, and the public capital markets,” said Tom Braegelmann, Chief Executive Officer of GCA Equity Partners, “and we very much look forward to enabling the successful transformation of GTII to a well-positioned real estate development, construction, and management company.”

David Reichman, Chief Executive Officer of GTII, stated, “Our shareholders, management team, and board members have been patiently waiting for just the right acquisition for our corporate entity. We wanted a meaningful proposition that would be both substantive and productive, and believe that this acquisition embodies all of those traits. We are very pleased to be working with First Capital Master Advisor and GCA Equity Partners, both with extensive real estate investment experience, as we transform GTII into a publically traded real estate development and construction company.”

GTII will likely file a notice of corporate action with FINRA after the closing to change its name and trading symbol, and prepare to uplist to a major stock exchange. The anticipated closing date of the asset contributions is May 15th of this year, though that date may be amended by mutual agreement of the parties involved in the transaction.

About Global Tech Industries Group

Global Tech Industries Group, Inc. (GTII) is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties and proprietary systems in the bioscience, clean tech, and energy-related businesses, as well as interests in restaurant services. For more information on Global Tech Industries Group, Inc., please call 212.204.7926, and see our website: www.GTII- US.com.

About First Capital Master Advisor

First Capital Master Advisor (FCMA) is a privately held real estate, investment and asset management company headquartered in New York and California. The firm specializes in bringing unique real estate private equity opportunities and assets into more efficient capital markets channels. For more information the firm can be reached at investorrelations@firstcapitalre.com or www.firstcapitalre.com.

About GCA Equity Partners

GCA Equity Partners, LLC is a privately held real estate investment and development company located in Campbell, California. It focuses on the development and construction of single and multi-family residential real estate along with senior living and hospitality projects. More information is available at GCAEquityPartners.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”, “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.

Contact
Mr. Mike King of Princeton Research Inc. 702.650.3000

GLOBAL TECH (GTII) MAKES EQUITY INVESTMENT IN DEMAND BRANDS (INMG)

New York, NY, Oct. 17, 2018 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCPK:GTII), (“GTII”), a Nevada corporation, announced today that it has made an equity investment in Demand Brands, Inc., currently trading as Innovativ Media Group, Inc. (OTCPK:INMG)(“INMG”).INMG is a collection of brands and businesses promoting healthy lifestyles, operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries http://www.demandbrandsinc.com. GTII’s Board of Directors recently committed the Company to exploring and investing in opportunities in Healthcare targeting specifically businesses involved with cannabis. The cannabis industry, in all its different iterations, is expected to surpass $57 billion dollars in sales by 2027. Some of the most well-known consumer product companies in the world are banking on introducing innovative entries into the burgeoning marketplace. https://digiday.com/marketing/cannabis-sexy-weed-companies. INMG is currently developing a wide variety of innovative products including gummies, cookies, liquid extracts and other Hemp + Healthy, CBD-infused edibles and Superfoods designed for men, women, children and pets. The two companies intend to also explore broader mutual opportunities.

David Reichman, CEO and Chairman of GTII, said. “INMG represents exactly the kind of creative and innovative company we think is well positioned in this sector. They are developing some exciting products and have an excellent management team and we believe this investment will enhance the value of both entities.”

Bruce Hannan, CEO of INMG added. “We are pleased that David and GTII have confidence in our business plan. Having them as an investor and prospective partner will allow us to grow more rapidly”.

About Global Tech Industries Group.

Global Tech Industries Group, Inc. (GTII) is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties and proprietary systems 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., please call 212.204.7926, see our website: www.GTII- US.com

About Innovativ Media Group, Inc.
Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content and a principle partner in CannaNet.TV, which operates LocalCannabisDispensary.Com and Kush Processing. http://innovativmedia.com

About Demand Brands
Demand Brands, Inc. is associated with an array businesses and brands consumers have come to know and trust that market innovative and leading Edibles, Oils, Vapes and Beverage products and manages ventures in the Hemp + Healthy, Cannabis/CBD Superfoods and Education and Technology sectors that promote healthy lifestyles for women, men, children and pets. http://www.demandbrandsinc.com

https://www.facebook.com/demandbrands

http://www.twitter.com/demandbrands

https://www.instagram.com/demandbrands/

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.

Contact

Mr. Mike King of Princeton Research Inc. 702.650.3000

GTII continues to explore expansion into the growing Cannabis-related Healthcare Industry.

New York, NY, Oct. 08, 2018 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCPK: GTII), (“GTII”), a Nevada corporation, announced today that it is actively seeking to acquire a minority interest in another public entity trading on the OTC PINK market. The target company is a collection of brands and businesses promoting healthy lifestyles operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries. GTII’s board of directors recently had committed the Company to exploring and investing in new opportunities in Healthcare, with a particula interest in businesses involved with cannabis products in its many forms. Mr. David Reichman, CEO and Chairman of GTII noted that this move is a logical continuation of that commitment, stating that this is the third such opportunity the company has been actively pursuing. “Our idea is to get more assertive in this arena and attempt to explore more than one opportunity at a time. Our discussions, though preliminary in all cases, are moving forward. We are excited to be part of such a dynamic, vibrant, and fast-growing industry”.

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., please call 212.204.7926, see our website: www.GTII-US.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”, “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.

Contact:
Mr. Mike King of Princeton Research Inc.
702.650.3000

GTII hopes to expand into the growing Cannabis-related Healthcare Industry

New York, NY. September 19, 2018: Global Tech Industries Group, Inc. (PINK: GTII), (“GTII”), a Nevada corporation, having been tasked at a recent Board of Directors meeting to explore the potential for creative partnerships in the growing cannabis-related healthcare field, is now actively seeking and pursuing such opportunities. Mr. David Reichman, CEO and Chairman of GTII, expressed confidence that this move could be in the best, long-term interest of the Company. “One of our bedrock interests has long been in the global healthcare market. We believe that cannabis, especially as it relates to pain management and other chronic diseases, presents an unprecedented opportunity for us to get involved at the foundational level with companies in need of capital and guidance. Our Medical consultant group explored and reviewed the possible application of transdermal technology for drug delivery with one potential partner and they are very excited about this opportunity. The Company has since been in discussion with them for the past several weeks and we look forward to continuing the conversation. At the same time, we are on the lookout for additional opportunities.”

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., please call 212.204.7926, see our website: www.GTII-US.com or contact Mr. Mike King of Princeton Research Inc. at 702.650.3000.

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.

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.