New York, April 06, 2021 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced that on March 31, 2021, the Company signed and executed a binding Stock Purchase Agreement (“SPA”) with Bronx Family Eye Care, Inc., a New York corporation, engaged in the business of full scope optometry at its four primary locations, three of which are in the Bronx, one of which is in Manhattan, New York, as well as at a fabrication facility in the Bronx. The SPA was signed and closed electronically on March 31, 2021. The two companies had agreed to engage in a business combination such that BFE would become a wholly owned subsidiary of GTII when they signed a binding Letter of Intent (“LOI”) on March 21, 2021. Subsequently the shareholders of BFE (the “BFE shareholders”) acquired two million six hundred fifty thousand (2,650,000) shares of the common stock of GTII (the “GTII Common Stock”), issued on March 31, 2021, the date of the closing. As such, this SPA is legally binding on the parties and is in full force and effect as of March 31, 2021.
David Reichman, GTII’s Chairman & CEO, stated, “To have both parties agree to move forward and close this acquisition three weeks ahead of schedule speaks loudly to the professionalism of the GTII staff and the Bronx Family Eye Care team. This is just the beginning, as we continue to mine this space for new potential acquisitions and partners.”
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.
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