New York, NY, April 28, 2023 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it has officially begun the process of issuing shares of its Common stock to all shareholders who held shares as of April 15, 2023. Any shareholder who held GTII shares, either at Liberty Stock Transfer, Inc. (“Liberty”) the Company’s transfer agent, or in street name at a broker/dealer or brokerage firm, will be issued one share of restricted common stock for every ten shares then held. Liberty will issue shares to shareholders, which will automatically be added to shareholder totals on the shareholder list. Shares will also be issued to DTC, and shareholders who hold shares in brokers/dealers or brokerage firms should contact them directly to make sure their shares are added into their personal accounts.
David Reichman, Chairman & CEO of GTII, stated, “We have been working for a very long time to find a simple, direct way to reward our shareholder base, who have long been loyal to our Company, and the Company’s mission. Now, for instance, if a shareholder held one thousand shares of common stock as of April 15, 2023, they will automatically be eligible to receive one hundred more shares, which represents 10% of their holdings. GTII management and the board have long believed in letting our shareholders know we value them and appreciate their consistent support.”
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.
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Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
