New York, Aug. 27, 2021 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “the Company”), www.gtii-us.com, a Nevada Corporation, announced today that it has been informed by the SEC that its registration statement on Form S-1, registering the shares of common stock underlying the Company’s recently distributed warrants, has been declared effective. Therefore, all shares underlying such warrants are registered for resale following exercise.
Furthermore, the Company’s trading platform, BeyondBlockchain.us, added several crypto currencies to its roster of currencies that are available for its users to trade, which are also featured on the newly-released mobile app.
Finally, the Company’s board of directors has authorized management to continue its efforts at retiring long-term debt, which has already been reduced by more than three million dollars since 2020. Shareholders can reference current public filings by the company for more information.
GTII’s Chief Executive Officer, Mr. David Reichman, stated “First, we are excited to inform our shareholders who received warrants that the SEC has declared our registration statement, related to the shares of common stock underlying the warrants, effective. In addition, the Company is continuing its commitment to retire as much long-term debt as it possibly can. The Board’s decision continues that trend. And our progress made on the BeyondBlockchain.us platform and the associated mobile app, continues to exceed all expectations.”
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.
Please follow our Company at: www.otcmarkets.com/stock/GTII
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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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Mike King
Princeton Research, Inc.
3887 Pacific Street, Las Vegas NV
702.338.2700
