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Global Tech provides the protective umbrella of a publicly listed and fully compliant SEC-audited company to acquisition candidates. We can deliver the means through incubation for private companies to become public entities in good standing.

Latest Press Releases

Jun 14, 2024

Global Tech Industries Group, Inc. Reaffirms Commitment to Shareholder Value and Continued Vigilance Against Noncompliant Trading Activities

New York, NY, June 14, 2024 (GLOBE NEWSWIRE) -- (OTC: GTII) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that GTII’s management is taking steps in response to certain recent social media activities concerning short positions or other trading activities of the Company’s shares.

In that regard, GTII has filed a request for information pursuant to the Freedom of Information Act (FOIA) with the U.S. Securities and Exchange Commission concerning a Backtesting Charge the National Securities Clearing Corporation (“NSCC”) indicated it would assess on Alpine Securities (“Alpine”) as related to a concentrated short position in GTII. GTII has also been in communication with the NSCC regarding this matter.

Chief Operating Officer Luke Rahbari stated, " GTII’s management maintains an unwavering commitment to safeguard the interests of our shareholders and to drive sustainable value creation. Our management is dedicated to implementing strategic initiatives and sound governance practices that ensure long-term growth and profitability. We want to reiterate to all our shareholders that GTII management takes the integrity of GTII trading activities very seriously. Management is fully committed to upholding the highest standards of compliance and transparency. Should there be any indication of trading activities that may not align with regulatory requirements, we will take immediate and thorough action to investigate and address such matters. Ensuring fair and compliant trading practices is paramount to maintaining the trust and confidence of our shareholders and the market."

About GTII: GTII is a publicly traded Company incorporated in the State of Nevada, specializing in the pursuit of acquiring new and innovative technologies. For more information, please visit https://gtii-us.com/, and you may follow our Company at: www.otcmarkets.com/stock/GTII

Safe Harbor Forward-Looking Statements:

This press release may contain 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. These forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are relating to the Company's future financial and operating performance. All statements, other than statements of historical facts, included herein are "forward-looking statements" including, among other things, statements about the Company’s beliefs and expectations. These statements 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 (the “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. Potential risks and uncertainties include, but are not limited to, risks discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on April 16, 2024, the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023, filed with the SEC on November 14, 2023, and in the Company’s other filings with the SEC at www.sec.gov. 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

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May 13, 2024

Global Tech Industries Group, Inc. retains Fortune CPA, Inc. a PCAOB Auditor, and Asserts Rights Regarding Previous Auditor

New York, NY, May 13, 2024 (GLOBE NEWSWIRE) -- (GTII: OTC) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced, in an 8K https://www.sec.gov/edgar/browse/?CIK=356590&owner=exclude filed on Friday, May 10, 2024, the appointment of a new auditor, Fortune CPA, Inc., (“Fortune”) Fortune is based in Orange, CA, and is a registered PCAOB firm. As part of its commitment to transparency and accountability, GTII has chosen an auditing team that has worked successfully with large and small companies across many different industries. This will ensure the highest standard of financial oversight and compliance.

In light of this transition, GTII wishes to affirm its rights concerning the previous auditor. This includes reserving all rights to pursue any necessary remedies, including but not limited to reclaiming fees paid to the previous auditor, as well as seeking legal fees and damages associated with any lapses or discrepancies.

GTII remains dedicated to maintaining the trust and confidence of its shareholders and it is confident that the prompt appointment of Fortune CPA, Inc. will further strengthen its commitment to integrity and financial stewardship.

Luke Rahbari, Chief Operating Officer, stated, “I am very pleased that management reacted so quickly and took on the task of finding and retaining a new auditor. The Fortune CPA team brings years of experience auditing companies like GTII, and we look forward to working with them.”

About GTII: 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

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

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How We Work

We make it a priority to scout for, research, and acquire private companies that can deliver value to our loyal shareholders. Our process is careful and diligent, and we will persist in our efforts by acquiring operations that bring value to our portfolio or potential revenue to our bottom line.

1. Scout

GTII has a dedicated team of professionals that are on a continuous search tolook across various and diverse industry sectors to find potential partners. GTII is looking for synergies between the companies to uncover the best way to stimulate innovations and growth in an emerging business platform on a global stage.

2. Contact

Using all available communication tools to bring unknow businesses together to form a partnership with GTII. In the exploratory phase which follows the initial contact to find that common ground that is needed for GTII to assist in animating their business plans, through a joint venture, or stock purchase, to spinout on their own.

3. Due Diligence

GTII can assist private companies, through the incubation period, to become public companies in their own right and in good standing. There is a full disclosure of ideas, fact gathering and possibilities between both parties, and clearly defines all the information that is needed to take it from the exploratory discussion phase and move into the creative collaboration phase, which establishes the framework of the final working plan to get to the breakout phase and ultimately across the finished line.

4. Creating a Partnership

Once the hard work is done, there is a full review of the plan on how GTII will assist in taking this new partnership down the correct path to make sure that all the goals are met and there is a successful end. Then comes the preverbal “hand-shake”, and the partnership is formed

What We Do

Global Tech Industries Group, Inc. sets the stage and develops the assets to stimulate innovation and growth in cutting edge technologies and emerging businesses on a global basis. Our corporate mission is to facilitate, through the use of next generation technology, the delivery of alternative and innovative methods and systems that will lead to. Our corporate mission is to facilitate, through the use of next generation technology, the delivery of alternative and innovative methods and systems that will lead to healthier lifestyles and result in a more sustainable planet.

FAQs

I’ve learned from my broker that the dividend shares were issued in a block/large certificate and need to be subdivided before I can sell them.

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The shares were issued in accordance with the information of the holders. In some cases, if your shares were held in certificate form, your specific information was on file with the Transfer Agent, and the shares were therefore issued directly to you and should be in the records of the Transfer Agent.

If your shares are/were held at a brokerage firm at the time, then the shares were issued in accordance with how the shares appeared to be held, for example in “street name”. The procedures to resolve this matter will be directed through the brokerage firm, and you should check with the office there that handles such matters.

The release of dividend shares, as per the announcement of the company.

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The Company’s counsel has provided a blanket opinion that addresses the dividend shares and has provided it to the Transfer Agent. If your shares are held by the Transfer Agent, then you need to contact the Transfer Agent in-order to move them where and how you wish.

If the shares are held in street name, you need to contact your broker and follow their procedures.

Shares are no longer tradable on a particular platform.

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If your platform/broker is stating the shares of GTII are no longer trading on their platform, you need to contact their compliance/operations office and discuss the matter there. The company is not able to make decisions on their behalf, and such decisions are outside of the scope of the company’s authority.

Global Tech Industries Group is looking to expand their Board of Directors. If you feel that you have the qualifications and business background to sit on a Publicly Traded company's Board of Directors, please send your resume to info@ gtii-us.com

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