GLOBAL TECH INDUSTRIES GROUP, INC. AND WE SUPERGREEN SIGN BINDING LETTER OF INTENT TO EXPLORE BUSINESS COMBINATION
New York, NY, July 30, 2021 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today it has entered into a binding Letter of Intent (“LOI”) with We SuperGreen Energy Corp (“WSGE”) a renewable clean energy company with its principal offices in Costa Mesa, CA.
We SuperGreen Energy Corp (“WSGE”) (WeSuperGreen.com) has developed the world’s first self-charging renewable energy storage platform that produces clean, 100% renewable and sustainable electricity, utilizing its innovative and industry-disruptive patented technologies.
The self-charging renewable energy storage platform generates power at up to 99% efficiency, which is unheard of in the renewable energy sector. This is light years beyond the current standards of 20% and 40% efficiency ratings for solar and wind turbine respectively. Our cutting-edge technology is safe, reliable, cost effective and easily scalable to meet the global needs of today’s ever-changing energy landscape. We SuperGreen’s power solutions range from kilowatts to GIGA-WATTS and have applications for energy generation at the grid level as well as for electric vehicles, regardless of the type of batteries being used.
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.
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