New York, NY, January 7, 2022 (GLOBE NEWSWIRE) – Global Tech Industries Group, Inc. (OTCQB: GTII) (âGTIIâ or the âCompanyâ), www.gtii-us.com, a Nevada corporation, is pleased to announce a recitation, to its shareholders, of the main activities during the past year, as follows:
On January 7, 2022, the Company filed a Form 8-K, with audited financial statements, upon closing of transactions governed by the Share Purchase Agreement with Bronx Family Eye Care, Inc., Bronx Family Eye Care , Inc. operates four bricks-and-mortars, three of which are in the Bronx and one in Manhattan, New York. Bronx Family Eye Care, Inc.’s Certified Optometrists use state-of-the-art equipment to diagnose and treat eye disease, along with corrective glasses, to residents of the Bronx and Upper Manhattan.
On December 18, 2021, the Company signed a member unit purchase agreement to acquire 100% of Classroom Salon Holdings, LLC, from Classroom Salon, LLC, which closed on December 30, 2021. Classroom Salon, LLC is a software platform, developed in partnership with Carnegie Mellon University, that uses interfaces, workflows, and algorithms to observe and understand student reactions as they study materials. The analyzed results provide educators with a useful tool to understand the areas of interest and needs of students.
On December 9, 2021, the Company filed an S-1 registration statement to register cryptocurrency tokens, which are indexed to the value of GTII’s art collection, to be distributed as dividend to its shareholders at the rate of one (1). token for ten (10) ordinary shares of GTII held on a registration date yet to be determined. The S-1 is currently under review by the SEC. The date of the proposed distribution will be determined as soon as possible when and if the registration statement is declared effective.
On November 9, 2021, the Company entered into a definitive share purchase agreement with Trento Resources and Energy Corp., with a view to entering into a business combination. Trento Resources and Energy Corp. owns 40% of the mining interests of a mine in Copiapo, Chile, with reserves estimated at more than 1,000,000 tonnes of rare earth minerals and iron. On December 9, 2021, GTII engaged the Chilean law firm Bertrand-Galindo Barrueto Barroilhet & Cia to perform a screening of mining concessions, operations, land easements, permits and assets, as well as to advise GTII on applicable local laws. and regulatory structures.
On June 17, 2021, the Company announced the successful launch of its cryptocurrency trading platform, Beyondblockchain.us. The associated mobile application launched on August 18, 2021 on the Apple App Store. Work continues on an ongoing basis to refine and update the functionality of the site.
On April 23, 2021, the Company announced that with the assistance and under the guidance of Ronald Cavalier, the Company’s consultant for its planned portfolio of digital artwork, GTII has purchased an original print by Picasso, ‘Four Femmes mues et tsummer sguilty’, which was executed in 1934 on Montval laid paper and published by A. Vollard, Paris in 1939. Subsequently, on June 4, 2021, the Company announced that it had acquired an Andy Warhol gelatin silver print from Bianca Jagger on a white horse, taken by Warhol to the famous Studio 54.
On April 8, 2021, the company distributed a dividend in the form of warrants to its shareholders. The common stocks underlying the warrants were then successfully registered with the SEC. The warrants can be exercised until April 2023 and were issued at the rate of one (1) subscription for ten (10) shares beneficially owned on April 1, 2021.
David Reichman, President of the GTII said â2021 represents the most significant period of sustained growth the Company has ever seen. I can’t say enough about the team that management has assembled this year to grow the company in so many diverse industries. Most of these businesses required a unique level of skill and expertise to understand and represent the Company to its advantage. We have selected the right people for the roles, and the company and its shareholders have seen a marked improvement in 2021. Now it is 2022, which is already shaping up to be potentially our most productive and exciting year to date. , especially in cryptocurrency and digital fine art businesses.
Aabout Global Tech Industries Group, Inc .: GTII, a publicly traded company incorporated in the State of Nevada, specializing in the continued acquisition of 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 based on current expectations, forecasts and assumptions that involve risks as well as uncertainties that could cause actual results to differ materially from those anticipated or expected, including statements relating to the amount and timing of expected income related to our financial performance, expected income, distributions and future growth for the upcoming quarterly and annual periods. These risks and uncertainties are further defined in the Company’s records and reports with the United States Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected or contemplated by forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other things, the Company may not be able to maintain its growth or achieve profitability due to many factors including, but not limited to, the risk that we may not be able to find and achieve ” acquire businesses and assets that will allow us to become profitable. Reference is hereby made to the cautions set forth in the latest documents filed by the Company with the SEC. We have made and will continue to make significant expenses during our development phase, noting that there can be no assurance that we will generate enough revenue to offset these costs in the short and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposures, the impact of which cannot be predicted at this time.
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Global Technology Industries Group, INC.
511 Sixth Avenue, Suite 800
New York, New York 10011