• Blog
  • LinkedIn
(212) 204-7926 |

Global Tech Industries Group, Inc. Believes it is Positioned for Sustained Growth in 2021 and Beyond

New York, NY, May 18, 2021 (GLOBE NEWSWIRE) — (GTII:OTCQB) Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it is performing ahead of schedule regarding the goals it laid out in its 2020/2021 business plan, including up-listing to the OTCQB marketplace, pursuing and closing potential acquisitions and stock exchange partners in the eye health and wellness industries, and improving its balance sheet, cash flow and operations. During the calendar year 2020, the Company was successful in converting 4.66 million dollars of debt into equity through the issuance of stock and options to debt holders, as well as improving its liquidity and working capital by almost $400,000 dollars. The total equity of GTII increased by $3.9 million dollars in 2020, which has given the Company the flexibility to restructure as it sees fit, and potentially take advantage of unique and/or exceptional business opportunities.

One of the most significant moves GTII has made in the last thirty days has been to align itself with Alt5 – Sigma (“Alt5”), a digital platform developer, and Ron Cavalier, a well-known individual in the world of fine arts and collectibles, as he successfully completed the purchase, on behalf of GTII, of an original Picasso, ‘Quatre Femmes Nues Et Tete Sculpteewhich was executed in 1934 on Montval laid paper and published by A. Vollard, Paris, in 1939. It is GTII’s intent to digitize this piece of art, as well as others it is hoping to purchase, in order to take a position in the world of Non-fungible Tokens (NFT), the digitizing of fine art and collectibles, and the development of a digital platform to support those efforts.

David Reichman, GTII’s Chief Executive Officer, stated, “GTII is now moving more confidently and swiftly, as we augment our already growing portfolio with a dynamic partnership in a vibrant industry, where the growth potential is unknown, and may be exponential. We are in constant contact with Alt5 and intend to solidify our relationship in the very near future.”

About Global Tech Industries Group, Inc.: GTII, a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our Company at: www.otcmarkets.com/stock/GTII

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.

Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

GLOBAL TECH INDUSTRIES GROUP, INC. Announces Update Regarding Warrant Distribution

New York, April 01, 2021 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com announced today an update regarding its previously announced warrant distribution (the “Warrant Distribution”). Since its last announcement regarding the Warrant Distribution, the Company has received several inquiries from shareholders, questioning the manner in which the Warrants will be distributed to the shareholders, so it is making this release in an attempt to respond to those inquiries.

As a reminder, the general terms of the Warrant Distribution provide that the Company’s shareholders of record as of the close of trading on April 1, 2021, the record date for the Warrant Distribution, will receive 0.10 of a Warrant for each share of the Company’s common stock held as of the record date. Fractional Warrants will not be issued. Instead, if any fractional Warrant would otherwise be required to be issued, the relevant Warrant holder will receive a number of Warrants that shall be rounded up (if the number is .5 or above) or down (if the number is less than .5) to the nearest whole number. The current payment date for the Warrant Distribution is April 8, 2021. Each full Warrant will represent the right to purchase one share of common stock for cash at an exercise price of $2.75 per share. The Warrants may be exercised on any business day prior to 5:00 p.m., New York City time, on April 8, 2023.

As the Warrants are not DTC eligible, they will be processed by the Company’s transfer agent as follows:

All Warrants will be issued in book-entry form.

If you are a registered shareholder of the Company and hold your common stock shares, as of the record date, in certificate or book-entry form through the transfer agent you need not do anything to receive your Warrants, as the transfer agent will automatically issue your Warrants directly to your transfer agent account via book-entry.

If you hold your common stock shares in “Street Name” through banks, brokers or other Depository Trust Company (“DTC”) participants (“Participants”), the transfer agent will allocate Warrants to each Participant based upon their DTC position in the Company’s common stock as of the record date, which Warrants shall be issued via book-entry in the name of each Participant for the benefit of their respective beneficial holders. It shall be the responsibility of each Participant to ensure that each of their beneficial owners are properly allocated the appropriate number of Warrants from each Participants’ Warrant allocation from the transfer agent.

If you hold your common stock shares in “Street Name” and your Warrants have been allocated to your account by your broker, you nevertheless maintain the right to move your Warrants, at any time, to direct registration with the Company by making such request directly to your broker. Upon making such request, the transfer agent will remove your Warrants from your broker’s “Street Name” Warrant allocation, and you will be issued a book-entry account statement from the transfer agent reflecting your Warrant position registered directly with the Company.

Inquiries from shareholders or Participants regarding the Warrant Distribution can be directed as follows:

Email: GTII@allianceadvisors.com

Tel: 855.200.8651

About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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.

Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

Blaine Riley – br@intlmonetary.com
International Monetary
620 Newport Center Drive, #1100
Newport Beach, CA 92660
949.200.4601

GLOBAL TECH INDUSTRIES GROUP, INC. AND BRONX FAMILY EYE CARE, INC. SIGN DEFINITIVE STOCK PURCHASE AGREEMENT AHEAD OF SCHEDULE

New York, April 01, 2021 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com, a Nevada Corporation, and Bronx Family Eye Care, Inc., a New York corporation engaged in the business of full scope optometry, signed a definitive stock purchase agreement, and negotiated the requisite employment agreements within the thirty (30) day timeframe that the two companies had set for themselves on March 21st, 2021, when they signed the binding Letter of Intent. Bronx Family Eye Care, Inc. operates four locations, three of which are in the Bronx, and one of which is in Manhattan, New York. Bronx Family Eye Care, Inc.’s certified optometrists use cutting-edge equipment to provide diagnosis and treatment for diseases of the eye, as well as corrective eyewear, to residents of the Bronx and Upper Manhattan. GTII now intends to actively seek and acquire other eye care companies that operate in similar manner to Bronx Family Eye Care, Inc. in order to capitalize on its aggressive growth plan more fully.

GTII’s President, Kathy Griffin, stated, “We decided early on to move this acquisition target into the plus column for GTII as quickly as possible. Bronx Family Eye Care, Inc. is a great fit for our company, as it has been successfully operating on its own, has realized revenue and profits on its own, and is looking to GTII primarily for the entre and assistance in the public marketplace that we can afford them. This tremendous positive for our balance sheet kick starts us as we move into the second quarter of 2021, already having made significant inroads towards the execution of our business plan. “

About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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. AND 40 YEAR ART WORLD VETERAN RONALD CAVALIER SIGN LETTER OF INTENT

New York, March 26, 2021 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, a Nevada Corporation, signed a Letter of Intent (“LOI”) with Ronald Cavalier. Mr. Ronald Cavalier founded Cavalier Galleries Inc. in Stamford, Ct. in 1986 www.cavaliergalleries.com., a world-renowned group of four art galleries, with locations in Greenwich, CT, New York City, Nantucket Island, and Palm Beach, FL. The contemplated collaboration with GTII will allow him the platform to utilize his decades of experience in the art world to bring together the most respected curators and artists, both internationally acclaimed and emerging, to participate in this exciting new marketplace. He is very excited to be part of this new venture to create a Non-fungible Token (“NFT”) www.wikipedia.org/wiki/Non-fungible_token marketplace for museum quality curated art. Mr. Cavalier is currently in the process of choosing and further developing a social media platform that will allow him to continue representing his world-class roster of artists in the digital art space where their work will be sold exclusively on the Cavalier platform. The Letter of Intent, the details of which have not yet been publicly disclosed, will give both parties sixty days to perform the necessary mutual due diligence to finalize the details of the new business structure.

The Cavalier Family has a long and distinguished history and connection to the world of fine art. Mr. Cavalier, Sr. was responsible for restoring the sculpture at the Hirschhorn Estate, prior to it being delivered to the Smithsonian Institution’s new art museum. Mr. Cavalier developed his passion for art and art collecting at a young age watching his father work, and in 1986, opened his first gallery with the premier exhibition ‘Seven Woman Artists’. He followed with many notable exhibitions over the years, which led to the creation of the Cavalier Sculpture Garden, and in 1993 the nationally acclaimed exhibition Stamford Sculpture Walk, a program dedicated to public interaction, education, enrichment and enjoyment. Cavalier’s involvement with the Stamford Sculpture Walk culminated in 1999 with the exhibition, ‘Important Sculptors of the Late Twentieth Century’, which included major works by artists such as Moore, Botero, Smith, Oldenburg, Segal and Nevelson. Over the following two decades, Mr. Cavalier developed relationships with a world-class group of painters, sculptors and photographers. Works by the artists represented by Cavalier Galleries Inc. today, collectively, have either been exhibited at or are in the permanent collections of most major museums in the United States, Europe and Asia.

GTII’s Chief Executive Officer, Mr. David Reichman stated, “This may be the company’s most exciting potential partnership and business combination yet. GTII can afford Mr. Cavalier the depth of our understanding of the public market as he moves forward into the digital art space, using the NFT’s which we believe are at the forefront of the digital currency industry.”

Ron Cavalier, Founder and President of Cavalier Art Galleries added, “We are at a historic time in the artworld, as a new artform supporting the collectors’ market has emerged. It’s a generational opportunity for artists and we are excited to work with GTII to create the platform that will allow them to present their NFTs to world”.

About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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

GLOBAL TECH INDUSTRIES GROUP, INC. AND BRONX FAMILY EYE CARE, INC. EXECUTE BINDING AGREEMENT

New York, New York, March 25, 2021 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, a Nevada Corporation, signed a binding Letter of Intent (“LOI”) with Bronx Family Eye Care, Inc., a New York corporation engaged in the business of full scope optometry. Through their four locations, three of which are in the Bronx, and one of which is in Manhattan, New York, Bronx Family Eye Care, Inc.’s certified optometrists use cutting-edge equipment to provide diagnosis and treatment for diseases of the eye, as well as corrective eyewear, to residents of the Bronx and Upper Manhattan. Bronx Family Eye Care, Inc. performs edging of lenses in-house, which allows for turnaround times of as little as 24 hours. A definitive stock purchase agreement and formal closing are expected within the next thirty (30) days.

GTII’s Chief Executive Officer, Mr. David Reichman stated, “We made the decision very quickly that Bronx Family Eye Care, Inc. would be a great fit for our company, as part of our mission is to acquire companies that have interesting and diverse businesses as well as to serve the public interest. The fact that the company is already generating revenue is another tremendous positive for our balance sheet and our plans moving forward.”

Bronx Family Eye Care, Inc. Chief Executive Officer, Nikolay Bitsenko, added, “since its inception in 2014, Bronx Family Eye Care, Inc. has pursued the simple, yet complex, goal of treating diseases of the eye, as well as providing corrective eyewear to our community, whether to residents of the Bronx, or to our work with non-profit organizations. Joining the GTII team should allow us to expand our reach into new markets and new technologies.”

About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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

GLOBAL TECH INDUSTRIES GROUP, INC.’S ISSUER COMPANY RELATED ACTION NOTIFCATION SUBMITTED TO FINRA

New York, New York, March 24, 2021 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com, a Nevada Corporation, having previously disclosed the approval of a dividend in the form of a warrant to be offered to its shareholders of record as of April 1, 2021, submitted the related Issuer Company Related Action Notification to FINRA.

GTII’s Chief Executive Officer, Mr. David Reichman stated, “Our team worked tirelessly to put the plan into action by executing a Warrant Agreement that we believe gives our loyal shareholders an opportunity to take advantage of our rapid expansion, as we continue to execute our business plan”.

About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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. ANNOUNCES THE OFFERING OF WARRANTS TO PURCHASE THE COMPANY’S COMMON STOCK

New York, New York, March 22, 2021 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or the “Company”) announced today that its Board of Directors approved the declaration by management of a Warrant to holders of its common stock to purchase additional shares of stock.

Holders of the Company’s common stock will receive 1/10th of a warrant for each share of common stock held as of the record date, and each warrant will entitle the holder to purchase one share of the Company’s common stock for a purchase price of $2.75 per share. The Company intends to distribute the warrants on or about April 8, 2021 to shareholders of record as of April 1, 2021. The warrants will have a term of two years.

David Reichman, Chief Executive Officer of GTII, commented, “The Board recognizes the importance of its shareholders and has declared this warrant in order to return a portion of the Company’s future value to all of our shareholders in a manner that gives them the opportunity to participate in the Company’s potential future growth.”

The Company will also be filing a Current Report on Form 8-K which will contain further details regarding the warrants and the warrant agreement pursuant to which the warrants will be distributed.

About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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.

Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

Blaine Riley – br@intlmonetary.com
International Monetary
620 Newport Center Drive, #1100
Newport Beach, CA 92660
949.200.4601

GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES APPROVAL BY BOARD OF DIRECTORS TO PROCEED WITH A DIVIDEND CONSISTING OF WARRANTS TO PURCHASE THE COMPANY’S COMMON STOCK

New York, New York, March 17, 2021 (GLOBE NEWSWIRE) — (GTII:OTCQB) Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com announced today that its Board of Directors has, having completed their feasibility study, given management approval to commence the process of issuing a warrant in the form of a dividend to its shareholders of record. Management has retained SEC counsel to interface with FINRA to proceed with filing the appropriate documents with the intention of paying such dividend as soon as possible. Details will be announced in the coming weeks.

GTII’s chairman and CEO, David Reichman, stated, “ I am pleased with the manner in which the board undertook this matter. Their professionalism and expeditious approach in reviewing the form of warrant agreement gave us an opportunity to offer a potential reward to our loyal shareholders .”

About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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.

Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

Blaine Riley – br@intlmonetary.com
International Monetary
620 Newport Center Drive, #1100
Newport Beach, CA 92660
949.200.4601

GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES APPROVAL BY BOARD OF DIRECTORS TO PROCEED WITH A DIVIDEND CONSISTING OF WARRANTS TO PURCHASE THE COMPANY’S COMMON STOCK

New York, New York, March 17, 2021 (GLOBE NEWSWIRE) — (GTII:OTCQB) Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com announced today that its Board of Directors has, having completed their feasibility study, given management approval to commence the process of issuing a warrant in the form of a dividend to its shareholders of record. Management has retained SEC counsel to interface with FINRA to proceed with filing the appropriate documents with the intention of paying such dividend as soon as possible. Details will be announced in the coming weeks.

GTII’s chairman and CEO, David Reichman, stated, “ I am pleased with the manner in which the board undertook this matter. Their professionalism and expeditious approach in reviewing the form of warrant agreement gave us an opportunity to offer a potential reward to our loyal shareholders .”

About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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.

Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

Blaine Riley – br@intlmonetary.com
International Monetary
620 Newport Center Drive, #1100
Newport Beach, CA 92660
949.200.4601

GLOBAL TECH INDUSTRIES GROUP, INC., AND GOLD TRANSACTIONS INTERNATIONAL, INC. EXECUTE STOCK PURCHASE AGREEMENT

New York, New York, March 02, 2021 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, a Nevada Corporation, focused on acquiring new and innovative technologies in diverse industries, and Gold Transactions International, Inc. (“GTI”), a Utah corporation involved in the business of buying and selling gold on a global basis, executed a stock purchase agreement, hitting the February 28, 2021 deadline established in the Letter of Intent signed between the two companies on February 6, 2021. Gold Transactions International, Inc., with the assistance of a private network, purchases gold from artisan miners throughout the world and transports, assays, refines and sells the gold in the DMCC, a free trade zone in Dubai. This private network of security firms and gold buyers provides GTI with access to small gold operations in the regions within reasonable shipping distance to Dubai. GTI’s private network entities are members of the DMCC, giving them access to multiple refineries and secured gold vaults. The DMCC processes and trades one fourth of the world’s gold supply. See www.Dmcc.ae for more information on Dubai’s DMCC free trade zone.

GTII’s Chief Executive Officer, Mr. David Reichman stated, “I cannot say enough about our GTII team, starting with our President and officers, to our SEC legal counsel, advisors and other partners, who worked tirelessly with me for the last several weeks to bring this acquisition home. We believe the fit between our two companies to be synergistic. It is already evident that this combination is leading GTII to the next level of success, resulting in greater value for our shareholders.”

GTI’s Chief Executive Officer, Tsuimei Wang added, “GTI is excited for this new opportunity to achieve collaboration with GTII and expand our gold operations in the U.S. and Dubai. Our network of affiliates provides wonderful opportunities to expand not only our gold buying operations, but also the opportunity to be more involved in gold and other precious metal mining on U.S. soil. We believe, with the help of GTII’s management team and their resources, we will be able to find the capital needed to make it to the next level in our operating evolution.”

About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

Please follow our company at: www.otcmarkets.com/stock/GTII

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