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Global Tech Industries Group, Inc. Announces a Change from the Board Decision Regarding the Strike Price for the Outstanding Warrants

New York, NY, Oct. 02, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that management, after further market study and input from its legal team, has decided that it is in the best interest of the shareholders of the Company to keep the original exercise price of the warrants it distributed last year (the “Warrants”). Such decision was made because the common stock underlying the Warrants were registered with the Securities and Exchange Commission (the “SEC”) in a registration statement on Form S-1 (the “S-1”) that was declared effective on August 26, 2021 with an exercise price of $2.75. A change to that exercise price would require an amendment to the S-1, which could cause the shares common stock issued pursuant to a new exercise price to not be registered at the time of issuance. As the warrant distribution was originally instituted to reward loyal shareholders and allow them to trade the registered shares of common stock underlying the Warrants, the change to the exercise price has been abandoned, and the Warrants will remain priced as registered for resale by the named selling shareholders in the S-1. Therefore, such shareholders are eligible to exercise their Warrants at the initial exercise price, and receive shares of common stock registered for resale in the S-1 by contacting Liberty Stock Transfer, Inc. (“Liberty”), the company’s transfer agent.

Please contact Liberty Stock Transfer, Inc. (“Liberty”) for more information at the following address: Gtiiwarrants@libertystocktransfer.com,

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.s
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com

Global Tech Industries Group, Inc. Announces a Clarification of the Board Decision to set a New Strike Price for the Outstanding Warrants

New York, NY, Sept. 30, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it is working on the document(s) required to lower the exercise price of the Warrants it distributed to shareholders last year to $2.00. In the meantime, the Company has set up an email address, whereby shareholders can contact the Company’s transfer agent, Liberty Stock Transfer, Inc. (“Liberty”) with their questions regarding the mechanics, timing and effect of the decision to change the Warrant strike price. Until all necessary steps are taken by the Company, the exercise price of the Warrants shall remain unchanged. We anticipate that the new exercise price will be effective on or before October 7, 2022. Shortly thereafter the Company will be filing an amendment to its registration statement on Form S-1 in order to register the shares of the Company’s common stock underlying the newly priced Warrants.

For more information, please contact: Gtiiwarrants@libertystocktransfer.com

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com

 

Global Tech Industries Group, Inc. Announces a Board Decision to set a New Strike Price for the outstanding Warrants

New York, NY, Sept. 27, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com announced today that its board of directors approved management’s request to lower the original strike price of the Warrants, which were distributed last year (the “Warrant Distribution”), to a new strike price of $2.00. While the original strike price of $2.75 appears to be within reach, the Company is desirous of rewarding its loyal shareholders with an opportunity to participate at a lower price. The process to change the strike price, and to register the underlying stock with such new strike price, will be underway shortly.

The 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 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, the Company’s transfer agent will process them as follows:

  1. All Warrants will be issued in book entry form

  2. A shareholder who holds his or her shares in certificate or book-entry form through Liberty Stock Transfer, Inc, (“Liberty or the TA”) does not have to do anything. Once purchased, the Warrants will be move to the Transfer Agent.

  3. A shareholder who holds his or her shares “Street Name” through banks, brokers or other Depository Trust Company (“DTC”) participants (“Participants”), Liberty will allocate Warrants based upon their DTC position 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.

  4. A shareholder who holds his or her shares in “Street Name” and wants to move the Warrants to direct registration with the Company, may make such request directly to their broker.

The Company has also announced today that it is looking into the process of offering a new Warrant Distribution program to its shareholders in the near future, with a probable strike price in the range of $3.50 per share.

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com

 

Global Tech Industries Group, Inc. Announces Share Exchange Agreement with Wildfire Media Corp.

New York, NY, Sept. 14, 2022 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has entered into a Share Exchange Agreement with Wildfire Media Corp. (“Wildfire Media”) and the shareholders of Wildfire Media Corp. (collectively, the “Wildfire Shareholders”). Wildfire Media is a legal marketing company in the business of supporting law firms with client acquisition research, data-driven marketing, media planning and analysis and client retention services.

Under the terms of the agreement GTII will, at the closing, issue to the Wildfire Shareholders 100 million restricted common shares (the “Acquisition Shares”) in exchange for all outstanding shares of Wildfire Media. The closing of the transaction is subject to customary conditions to closing, as well as certain conditions specific to the transaction, including, without limitation, Wildfire Media providing GTII with audited financial statements and GTII concluding a due diligence review that is satisfactory in all respects to GTII.

The Wildfire Shareholders have a post-closing “earn-out” opportunity for 100 million additional restricted GTII common shares (the “Earn-Out Shares”) if Wildfire Media achieves $25 million in gross revenue. Currently, Wildfire Media has $85 million in receivables.

The Acquisition Shares and the Earn-Out Shares shall be subject to a lock-up agreement pursuant to which the Wildfire Shareholders agree not to sell or transfer the shares until the expiration of the 1-year buy-back period, except as may be otherwise provided in the lock-up agreement.

GTII intends to file a Current Report on Form 8-K regarding the Share Exchange Agreement, which will contain further details regarding the agreement.

David Reichman, Chairman and CEO of GTII stated, “When it comes to the potential impact to GTII and its shareholders of this long anticipated and negotiated agreement and partnership with Wildfire, I will say that this may be the most significant in the history of this company. We have been careful, we have been diligent, and we believe that this arrangement brings us closer than ever before to our long-stated goal of up listing to a national exchange, acquiring operations that bring substantial revenue to our bottom line, and delivering value to our shareholders at an entirely new level”.

Ari Kresch, Chief Executive Officer, and Founder of Wildfire Media stated, We are excited to be joining the GTII family of progressive companies that share our vision of making quality legal services more efficient and accessible to the public. It is our opinion that the legal industry has been dominated by law firms’ self-interest for over 100 years, rather than deploying tried and tested business models used in other regulated industries such as medicine and dentistry. It’s been an exciting couple of months working with David and his team as we look forward to being an integral part of the team that brings our vision of a national Legal Support Organization (LSO) to life.

About Wildfire Media Corp.:

Wildfire Media licenses the 1-800-LAW-FIRM and other brands to a national network of law firms committed to protecting the rights of clients in areas as diverse as consumer protection, environmental hazards, civil rights, and criminal defense among other areas. Founded in 1996, Wildfire Media provides performance-based marketing and technology solutions that enable law firms to concentrate on what they do best. Wildfire Media has established a Legal Support Organization (LSO) so that law firms are equipped to combine advances in the latest technologies along with best operational practices, both provided by our LSO.

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.
511 Sixth Avenue, Suite 800
New York, NY 10011

Info@gtii-us.com

 

Global Tech Industries Group, Inc. provides latest information regarding digital dividend distribution

New York, NY, August 8, 2022 (GLOBE NEWSWIRE) – Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation announced that on July 28, 2022 FINRA declined to effectuate the Company’s request to pay a digital dividend to its shareholders. FINRA determined that the Company action was deficient because the Depository Trust & Clearing Corporation (DTCC) is unable to process the digital dividend distribution to GTII shareholders holding shares in CEDE & Co, which is a substantial percentage of its shareholders.

To reward its loyal shareholder base and keep its commitment to distributing a dividend, the Company is now in active negotiations with a digital securities firm, which could afford it the ability to allot digital dividends and fractional shares to all GTII shareholders. In the meantime, the Company urges its shareholders to continue to send in their request forms to the corporate transfer agent, Liberty Stock Transfer, Inc. (“Liberty”), in anticipation of any next steps. The forms and instructions were released in the Company’s press, are on the Company’s website, www.gtii-us.com, and were mailed to all shareholders.

David Reichman, Chairman & CEO, stated, “Needless to say we are disappointed in FINRA’s decision, but we will continue to actively pursue other methods and partnerships to ensure that our shareholders are rewarded for their loyalty and their patience”.

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com

Global Tech Industries Group, Inc. provides new update to shareholders regarding digital dividend

New York, NY, July 26, 2022 (GLOBE NEWSWIRE) – Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation announced that its transfer agent, Liberty Stock Transfer, Inc. (“Liberty”) is continuing to process the request forms coming in from shareholders to receive their digital dividend, some coming in from those who have downloaded the form from the corporate website, and some coming in from the recent, physical mailing the company undertook in mid-June. To further assist in this process, the Company would like to reiterate the following instructions:

For those shareholders who have gone to the company website:

  1. Click the gold button that says ‘Digital Dividend: Click Here’
  2. When the form appears in your browser, click on the ‘download’ arrow in the upper righthand corner of the screen
  3. Save the form to your computer desktop
  4. Go to your desktop and open the form
  5. Fill in the form
  6. If your browser allows, sign the form electronically and click to send the form to the company’s transfer agent, Liberty Stock Transfer, Inc.
  7. If your browser does not support the electronic signature, or will not allow you sign electronically, print out the form and sign it by hand.
  8. Scan the form and email to Liberty Stock Transfer, Inc at its company website www.inbox@libertystocktransfer.com. If you do not have a scanner, take a picture of the filled-in, signed form with your phone and email it to Liberty Stock Transfer, Inc. at its company’s email address, www.inbox@libertystocktransfer.com.

For those shareholders who are sending in the physical form, please fill in the form, sign the form, print it out and mail it to the following address:

Liberty Stock Transfer, Inc.
788 Shrewsbury Ave., Suite 2163
Tinton Falls, NJ 07724

732.372.0707

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.
511 Sixth Avenue, Suite 800
New York, NY 10011

Info@gtii-us.com

Global Tech Industries Group, Inc. updates shareholders on status of digital dividend

Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has been in communication with FINRA regarding its digital dividend recently offered to shareholders of record as of May 9, 2022. The Company submitted its application to distribute the dividend to the FINRA portal on May 3, 2022. FINRA responded with several questions for the Company regarding how it came to acquire the Shibu Inu tokens, if the tokens resided on the digital blockchain and which, if any, platforms allowed buying and selling of the Shibu Inu token. The Company responded on May 18, 2022 to FINRA’s questions. The Company intends to commence with the distribution of the tokens, through the www.beyondblockchain.us website once approved by FINRA and all the available request forms from shareholders of record have been counted by Liberty Stock Transfer, Inc.. In an abundance of caution, the Company initiated a mailing of the request form to its shareholders on June 8, 2022. The Company has also kept the form up on the corporate website.

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.

511 Sixth Avenue, Suite 800

New York, NY 10011

Info@gtii-us.com

Global Tech Industries Group, Inc. cautions shareholders regarding recent social media misinformation

While Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, maintains its position that there is a serious, unaddressed and ongoing naked shorting problem related to its common stock, recent postings on various social media platforms have suggested that the problem is, at least in part, due to the actions of Mr. Curt Kramer, Mr. Seth Kramer, their firm, Power Up Lending Group, and their related parties, including Geneva Roth Remark Holdings. At this time, the Company has no specific evidence of any kind of a particular broker, bank, institution, or individual, including Mr. Curt Kramer, Mr. Seth Kramer, Power Up Lending Group, or Geneva Roth Remark Holdings undertaking such activity, but will continue to take action to combat any illegal trading or naked shorting in its stock whenever it occurs.

David Reichman, Chairman & CEO, stated, “GTII does not release information on social media platforms. We advise our shareholders to rely directly on our filings, disclosures, press releases and website updates. The Company has had no dealings with Mr. Kramer or Power Up, with the exception of a convertible debenture note agreement, which the Company entered into with Geneva Roth Remark Holdings on November 27, 2020, then paid in full, in cash, prior to maturity, and had the reserved stock released by Mr. Kramer on March 1, 2021.”

The Company continues to recommend that its shareholders rely solely on

information that has been posted on the GTII official website, www.gtii-us.com, as well its own published information, in the form of SEC filings, disclosures and press releases, when gathering information about the Company, its ongoing business, capitalization, and future plans

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.

511 Sixth Avenue, Suite 800

New York, NY 10011

Info@gtii-us.com

Global Tech Industries Group, Inc. urges shareholders to mail in Request Forms to receive digital dividend

New York, NY, June 7, 2022 (GLOBE NEWSWIRE) – Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation announced that its transfer agent, Liberty Stock Transfer, Inc. (“Liberty”) has continued to process the incoming request forms from shareholders to receive their digital dividend. At this time, Liberty has only received a portion of the potential requests for the digital dividend and has noted further discrepancies in some of the totals of what shareholders have reported and what is being held in brokerage accounts or recorded on the NOBO list. The Shibu Ino token dividend can only be paid to shareholders who have followed the Company’s instructions on its website that gives specific guidelines on how they can obtain the dividend. The Company is excited to issue this dividend and urges each shareholder to request it, as a deadline to receive the digital dividend will be decided by the board of directors and announced by the Company in the near future. In an additional effort to assist in this, the Company has commenced a physical mailing to unresponsive shareholders with clear instructions and the request form enclosed for shareholders to mail or email to the transfer agent.

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com

Global Tech Industries Group, Inc. continuing count of shareholder requests for digital dividend; anomalies found

New York, NY, June 1, 2022 (GLOBE NEWSWIRE) – Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it is continuing its count of shareholder requests for the Shibu Inu tokens dividend previously announced, which have been coming into the Company’s transfer agent, Liberty Stock Transfer, Inc. (“Liberty”) since May 9, 2022. Although Liberty has not completed the count, several questions have been raised about anomalies it has found between what shareholders of record have reported and what is actually being held in brokerage accounts, or recorded on the NOBO list, and at DTCC. In an abundance of caution, the Company is planning a physical mailing of the request form to its shareholders who have not responded, to assure that as many shareholders as possible receive their digital dividend.

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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 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.
511 Sixth Avenue, Suite 800
New York, NY 10011

Info@gtii-us.com