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.
Global Tech Industries Group, Inc. extends closing date with Wildfire Media Corp and the 1-800-LAW-FIRM brand to May 15, 2023
New York, NY, March 31, 2023 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it has signed a third extension agreement with Wildfire Media Corp, (“Wildfire”), extending the original agreement to May 15, 2023, in order to allow Wildfire more time to complete the two-year PCAOB audit undertaken by UHY, LLP, an auditing firm based in Sterling Heights, MI. The two-year audit is a requirement in order to complete and close the acquisition of Wildfire and the 1-800-LAWFIRM brand by GTII.
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
About Wildfire Media Corp: Wildfire Media licenses 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. Top of FormFounded 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.
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 contact with FINRA regarding dividend request, has no plans for any other corporate action
New York, NY, March 29, 2023 (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 been in further contact with FINRA regarding its corporate action request to issue a dividend to its shareholders, in the form of one restricted share for every ten shares held, as of the record date of April 15, 2023. Since its board of directors initially approved and authorized management to submit the corporate action request on March 9, 2023, FINRA has asked for additional information and clarification regarding the dividend request, which the company promptly supplied.
The Company is focused on complying with any and all requests from FINRA in order to complete the dividend for its shareholders and is not undertaking, nor has plans to undertake any other corporate actions, including a forward or reverse split of its common stock.
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 ITS SHAREHOLDERS ON RECENT MARKET ACTIVITY
GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES A CHANGE FROM THE BOARD DECISION REGARDING THE STRIKE PRICE FOR THE OUTSTANDING WARRANTS
GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES A CLARIFICATION OF THE BOARD DECISION TO SET A NEW STRIKE PRICE FOR THE OUTSTANDING WARRANTS
GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES A BOARD DECISION TO SET A NEW STRIKE PRICE FOR THE OUTSTANDING WARRANTS
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.
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.
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.
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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.
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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
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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.
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