New York, NY, April 14, 2021 (GLOBE NEWSWIRE) -- (GTII:OTCQB) – Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today an update regarding its previously reported warrant distribution.
The Company has recently received a number of inquiries from shareholders regarding the procedure for moving warrants from their brokerage accounts to direct book-entry registration with the Company’s transfer agent, if they so choose.
In an attempt to respond to those inquiries, shareholders should note the following:
• If you held your common stock in “street name” as of the record date of April 1, 2021, and your Warrants have been allocated to your account by your bank or broker, you nevertheless maintain the right to move your Warrants to direct registration with the Company’s transfer agent by making such request directly to your bank or broker.
• To assist you in this process, if you make such an election, the Company has posted on its website a “Shareholder Request to Bank/Broker” form that you may use, which may help expedite the process. http://gtii-us.com/wp-content/uploads/2021/04/2021-Warrant-Exercise-Form.pdf
• If you decide to use this form, please remember to email a copy of the completed form to the Company’s transfer agent via email, simultaneous with the transmission to your bank/broker, as instructed on the form.
• If you are a registered shareholder of the Company and held your common stock, as of the record date, in certificate or book-entry form through the transfer agent do not need to do anything to receive your Warrants, as the transfer agent will automatically issue your Warrants directly to your transfer agent account via book-entry.
Inquiries from shareholders or participants regarding the Warrant distribution can also be directed as follows:
Email: GTII@allianceadvisors.com
Tel: 855.200.8651
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.
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.
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Blaine Riley – br@intlmonetary.com
International Monetary
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