We do not release information on social media platforms.
Shareholders are advised to rely directly on our filings, disclosures, press releases, and website updates.
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
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:
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
New York, NY, June 23, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that that it has written to market makers requesting that they review their market making activity in GTII’s shares.
In particular, we informed them of our concerns with the general market making activity in GTII’s shares, as it appears that certain market makers have failed to post regular or continuous proprietary quotations that are at or near the market on both sides and that are communicated and represented in a way that makes them widely accessible to investors and other broker-dealers. When market makers fail to meet this requirement, as well as other applicable requirements, it can bring into question whether they are engaging in “bona fide market making” and can avail themselves to any “locate” exemptions afforded to bona fide market makers when executing short sales.
The Company is hopeful that each market maker will promptly comply with the request to ensure an orderly market in GTII’s shares.
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
New York, NY, June 17, 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 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
New York, NY, June 17, 2022 (GLOBE NEWSWIRE) -- 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
New York, NY, June 01, 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 signed an Amendment on May 25, 2022 (the “Amendment”), to the original Stock Purchase Agreement, with Gold Transactions International, Inc., a Utah Corporation (“GTI”), which was originally executed on February 28, 2021, and have closed the acquisition contemplated in the Agreement, making GTI a wholly-owned subsidiary of the Company, effective May 25, 2022.
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 Dubai Multi Commodities Centre (“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 commodity. See www.Dmcc.ae for more information on Dubai’s DMCC free trade zone.
David Reichman, GTII’s Chief Executive Officer, stated, “Our management team has been involved in this project for over a year now, taking their time to assure that the due diligence process has been thorough and complete. I am proud to say that GTII has been working and closing complex, multifaceted projects and deals that should continue to benefit our loyal shareholders for years to come.”
GTI’s Chief Executive Officer, Tsuimei Wang, added, “GTI’s team has worked hard this past year to bring in capital to support our gold operations, and we look forward to this opportunity to work closely with GTII to expand our global footprint and provide even more influence. We are excited to begin this partnership with GTII’s management team.”
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
New York, NY, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that is has executed a memorandum of understanding (“MOU”) with DTXS Auction Ltd. (“DTXS”), a wholly owned subsidiary of DTXS Silk Road Investment Holdings Co. Ltd. (“Silk Road”), a Hong Kong corporation listed on the Hong Kong Stock Exchange, aimed at bringing Chinese art and antiques into GTII’s evolving metaverse (“Metaverse”).
As part of GTII’s Metaverse operation, which will include the 1934 Picasso work titled “Quatre Femmes Nues Et Tete Sculptee”, as well as other art in GTII’s collection, the Company is actively engaged in securing up to 100 virtual structures in a decentralized metaverse to develop virtual museums and art galleries. Additionally, GTII has retained a team of consultants to manage the day-to-day Metaverse operation, as well as art dealers specializing in Western art.
Per the MOU, DTXS will endeavor to develop the Metaverse’s first Chinatown art district, which will display art pieces from the greatest eras of Chinese antiquity, including those that have rarely been accessible to Western audiences. Together with DTXS, GTII’s Metaverse museums and galleries will display famous works of art from East to West.
Finally, and in connection with its pending S-1 application for token dividend distribution, GTII plans to develop and implement Play-to-Earn Games linking the Company’s planned GFT Token to a retail environment in the Metaverse.
GTII Metaverse launch is tentatively expected to occur in the second quarter of 2022. The Company will provide periodic updates to shareholders regarding its progress.
David Reichman, GTII’s Chief Executive Officer, stated “GTII has already acquired, and will continue to seek to acquire, European and American art from different periods aimed at offering museums in Metaverse environments, which is an exciting new business opportunity for the Company. GTII, together with DTXS, hopes to offer virtual art world opportunities to its shareholders in order for them to participate in invitation-only NFT auctions, fireside chats, and the chance to acquire virtual shares of historically important collection of art.”
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.
About DTXS Auction Limited. DTXS is a wholly owned subsidiary of DTXS Silk Road Investment Holdings Co. Ltd. Silk Road is Hong Kong Stock Exchange listed company with its principal business in: (i) art auctions and collection- related operations; (ii) production and sales of fine wine; and (iii) properties investment and development. Silk Road’s parent group is a privately-held conglomerate headquartered in Xian, PRC, which focuses on cultural industries, cultural heritage and museum operations, and financial investment covering cultural industries, tourism, galleries and museums, hotels, and other cultural and tourism-related real estate operations. It founded the Tang West Market Museum, which is the only privately owned “First Class State Level Museum” in the Peoples Republic of China.
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.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
Costa Mesa, CA, Aug. 03, 2021 (GLOBE NEWSWIRE) -- We Supergreen Energy Corp, (“WSGE”) a private company organized under the laws of the state of Nevada, with its principal offices located in Costa Mesa, CA announced today that it has agreed to supply The Inversiones Trento Spa, (“The Trento Project”), which is the second largest reserve of rare earth minerals in the world located in Copiapo, Chile, with its patented clean energy technology, and its multi megawatt battery generator systems. The Trento Project has successfully created & registered a (PPB) Private Placement Bond according to Financial Regulations 144-A in London, United Kingdom to finance secure largescale capitalization for the project. The bond, approved and registered with DTC, is in the amount of $350,000,000, of which $75,000,000 has been allocated in a capital budget reserve to finance The Trento Project’s clean energy needs. WSGE will provide up to 50 megawatts per hour of clean independent power to The Trento Project under the Phase One part of the undertaking. Further, WSGE is slated to supply to up 100 megawatts of power in total to The Trento Project’s ‘Energy Park’ whereby it has full access to the substation grid connection distribution to the city state which has substantial megawatt demand. The total WSGE contract is for approximately $300,000,000 , which equates to three million dollars per megawatt.
ABOUT WE SUPERGREEN
The team at WE SUPERGREEN is proud to bring the world’s first ever Self-Charging Renewable Energy Platform that produces clean, 100% renewable and sustainable electricity utilizing innovative and industry-disruptive technologies.
The self-charging energy platform generates power at up to an amazing 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. Power solutions range from Kilowatts to GIGA-WATTS and have useful applications for both deployable energy generation at the grid level as well as into electric vehicles.
This breakthrough renewable energy solution has great potential to solve some of the world’s largest problems such as global warming and radical climate change, by quickly reducing the dependence and burning of harmful fossil fuels. The need to develop and deploy these improved green technologies that utilize self-charging renewable energy is imminent. Investing in renewable energy promises excellent returns socially, environmentally and economically
On July 30, 2021, WSGE signed a binding Letter of Intent agreement with Global Tech Industries Group, Inc. (“GTII”) www.gtii-us.com an early stage, publicly traded company (“OTCQB: GTII”) for GTII to acquire WSGE through a stock purchase arrangement once the appropriate, mutual due diligence has been completed.
Calvin Cao, CEO and Chairman of WSGE, stated, “We are very pleased to be working with Trento and are excited to be launching our first commercial platform with one of the world’s largest mines.”
Please follow WSGE at: www.wesupergreen.com
Calvin Cao
Calvin@sge-corp.com
New York, NY, April 22, 2019 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCPK:GTII) (“GTII”), a Nevada Corporation, announced today that it has entered into a binding agreement with First Capital Master Advisor and GCA Equity Partners, LLC to acquire from them a portfolio of real estate properties represented to have at closing an estimated enterprise value of approximately $450 Million. GTII has agreed to issue shares of its common stock and newly authorized preferred stock to the Seller in consideration for the assets.
The portfolio is expected to be comprised of real estate development and construction projects including land development sites in growth markets, single family and multi-family homes, mixed-use master-plan projects including single family residential, high-density multi-family, and commercial elements, and other improved and unimproved assets located primarily in Texas and California. Details of the transaction are described in GTII’s recent 8K filing with the SEC, but essentially GTII’s new business model will be to acquire, develop, build, manage, and sell these types of real estate projects.
According to an article published by Brad Broberg on the National Association of Realtors website in December of 2018, housing demand is significantly higher than supply in the United States, particularly in the west. Specifically, the article notes that “…research by a coalition of housing developers, Up for Growth, calculated that from 2000 to 2015 the nation constructed 7.3 million fewer units of housing than it should have based on a matrix of historic demand indicators such as home prices, population and income…California was by far the biggest underachiever with a shortfall of 3.4 million units…” GTII’s real estate development efforts will focus on capitalizing on that shortfall.
Suneet Singal, Chief Executive Officer of First Capital Master Advisor stated, “We are excited by the opportunity to continue executing upon our value add investment thesis as it relates to real estate residential master plan development growth opportunities in the US Market. Given current consumer appetite, a low interest rate economic climate and the demand for solid real estate residential development assets, we believe this investment will be significantly accretive to the shareholder base of GTII.”
“We see the potential for great synergy between the types of development assets we are contributing, the current high level of consumer need, and the public capital markets,” said Tom Braegelmann, Chief Executive Officer of GCA Equity Partners, “and we very much look forward to enabling the successful transformation of GTII to a well-positioned real estate development, construction, and management company.”
David Reichman, Chief Executive Officer of GTII, stated, “Our shareholders, management team, and board members have been patiently waiting for just the right acquisition for our corporate entity. We wanted a meaningful proposition that would be both substantive and productive, and believe that this acquisition embodies all of those traits. We are very pleased to be working with First Capital Master Advisor and GCA Equity Partners, both with extensive real estate investment experience, as we transform GTII into a publically traded real estate development and construction company.”
GTII will likely file a notice of corporate action with FINRA after the closing to change its name and trading symbol, and prepare to uplist to a major stock exchange. The anticipated closing date of the asset contributions is May 15th of this year, though that date may be amended by mutual agreement of the parties involved in the transaction.
About Global Tech Industries Group
Global Tech Industries Group, Inc. (GTII) is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties and proprietary systems in the bioscience, clean tech, and energy-related businesses, as well as interests in restaurant services. For more information on Global Tech Industries Group, Inc., please call 212.204.7926, and see our website: www.GTII- US.com.
About First Capital Master Advisor
First Capital Master Advisor (FCMA) is a privately held real estate, investment and asset management company headquartered in New York and California. The firm specializes in bringing unique real estate private equity opportunities and assets into more efficient capital markets channels. For more information the firm can be reached at investorrelations@firstcapitalre.com or www.firstcapitalre.com.
About GCA Equity Partners
GCA Equity Partners, LLC is a privately held real estate investment and development company located in Campbell, California. It focuses on the development and construction of single and multi-family residential real estate along with senior living and hospitality projects. More information is available at GCAEquityPartners.com.
This press release includes “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. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes”, “belief”, “expects”, “intends”, “anticipates”, “projects” “will”, or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.
Contact
Mr. Mike King of Princeton Research Inc.
702.650.3000
New York, NY, Oct. 17, 2018 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCPK:GTII), (“GTII”), a Nevada corporation, announced today that it has made an equity investment in Demand Brands, Inc., currently trading as Innovativ Media Group, Inc. (OTCPK:INMG) (“INMG”). INMG is a collection of brands and businesses promoting healthy lifestyles, operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries http://www.demandbrandsinc.com. GTII’s Board of Directors recently committed the Company to exploring and investing in opportunities in Healthcare targeting specifically businesses involved with cannabis. The cannabis industry, in all its different iterations, is expected to surpass $57 billion dollars in sales by 2027. Some of the most well-known consumer product companies in the world are banking on introducing innovative entries into the burgeoning marketplace. https://digiday.com/marketing/cannabis-sexy-weed-companies. INMG is currently developing a wide variety of innovative products including gummies, cookies, liquid extracts and other Hemp + Healthy, CBD-infused edibles and Superfoods designed for men, women, children and pets. The two companies intend to also explore broader mutual opportunities.
David Reichman, CEO and Chairman of GTII, said. “INMG represents exactly the kind of creative and innovative company we think is well positioned in this sector. They are developing some exciting products and have an excellent management team and we believe this investment will enhance the value of both entities.”
Bruce Hannan, CEO of INMG added. “We are pleased that David and GTII have confidence in our business plan. Having them as an investor and prospective partner will allow us to grow more rapidly”.
About Global Tech Industries Group.
Global Tech Industries Group, Inc. (GTII) is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties and proprietary systems in the bioscience, clean tech, and global health industries, as well as interests in energy-related businesses, and restaurant services. For more information on Global Tech Industries Group, Inc., please call 212.204.7926, see our website: www.GTII-US.com
About Innovativ Media Group, Inc.
Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content and a principle partner in CannaNet.TV, which operates LocalCannabisDispensary.Com and Kush Processing. http://innovativmedia.com
About Demand Brands
Demand Brands, Inc. is associated with an array businesses and brands consumers have come to know and trust that market innovative and leading Edibles, Oils, Vapes and Beverage products and manages ventures in the Hemp + Healthy, Cannabis/CBD Superfoods and Education and Technology sectors that promote healthy lifestyles for women, men, children and pets. http://www.demandbrandsinc.com
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This press release includes "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. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates", “projects” "will", or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.
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