Global Tech Industries Group Inc (GTII)

New York, NY, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has completed the application process for listing its shares on Upstream, a trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).

New York, NY, Dec. 06, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that its board of directors approved and instructed management to negotiate and execute a service agreement with ShareIntel-Shareholder Intelligence Services, LLC www.shareintel.com to further assist The Christian Levine Law Group, as well as Warshaw Burstein, LLP, each already retained by the Company, to review the trading history of the Company’s common stock for the past two years. ShareIntel offers unprecedented access and insight into broker-dealer, clearing firm and shareholder position movement. ShareIntel utilizes a patented process called DRIL-Down™ to aggregate and analyze repository data from reporting entities, broker-dealers and shareholders enabling Global Tech Industries to proactively track shareholder ownership, identify parties to suspicious, aberrant or unusual trading activity and deploy corrective action steps to help curtail such activity. The Christian Levine Law Group, LLC has been pursuing investment banking and brokerage firms on Wall Street for over 20 years for illegal naked short selling, which is a sophisticated form of stock manipulation. The Company believes it may have been the target of a market manipulation scheme involving illegal naked short selling of its common stock over the last two years and has decided to investigate and expose any wrongdoing.

New York, NY, Nov. 30, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that its board of directors approved and instructed management to negotiate and execute a service agreement with The Christian Levine Law Group, as well as Warshaw Burstein, LLP, to review the trading history of the Company’s common stock for the past two years. The Company believes it may have been the target of a market manipulation scheme involving naked short selling of its common stock. According to various publicly disclosed sources, these two firms, during the past 22 years, have successfully prosecuted and collected millions of dollars in aggregate damages on behalf of their clients from broker-dealers, market-makers, hedge funds, and asset-based lenders who have engaged in such market manipulation schemes.

New York, NY, Nov. 23, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that, as of November 23, 2022, 1,189,011 Warrants have been exercised, providing $3,269,780.25 of funding to the Company. Management is also in the process of completing a post-effective amendment to the registration statement of Form S-1/A in order to update the financial statements, and other information.

Global Tech Industries Group (OTCQB: GTII), a Nevada corporation, today announced that it has begun the application process to list its shares on Upstream, a trading app for digital securities and NFTs powered by Horizon Fintex and MERJ Exchange Limited. The move is designed to provide the company the opportunity to access an international, digital-first investor base that can trade using USDC digital currency along with credit, debit, PayPal, and USD, potentially unlocking liquidity and enhancing price discovery. “We are pursuing GTII’s listing as part of a broader effort to bring value to our shareholders and create an entire new liquidity stream for the global community,” said GTII CEO and Chairman David Reichman.

New York, NY, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has begun the application process to list its shares on Upstream, a trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).

New York, NY, Nov. 13, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that on November 12, 2022, at a special board of directors meeting, the directors of the Company authorized management to pursue a business relationship with Upstream, a global dual listing platform, up to and including the execution of a technology service agreement, a sponsor advisor agreement, as well as any other required documentation in furtherance of this goal, and report back to the board with a final recommendation.

New York, NY, Oct. 30, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it received an inquiry from FINRA regarding the chronology of events leading up to its recent announcement, on September 27, 2022, to lower the strike price for its outstanding Warrants, distributed last year. GTII decided against lowering the price three days later after it became apparent that its perceived value to its shareholders was incorrect and that the new strike price, which could restrict new shares for another six months, might be punitive to them. GTII received notice of the inquiry from FINRA, via an email to the Chairman, Mr. David Reichman, on October 20, 2022. The Company worked diligently to answer the inquiry in a timely manner and was able to complete the upload of information on Friday, October 28, 2022.

New York, NY, Oct. 14, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com, announced today that it has updated the corporate website so that the process of exercising shareholder Warrants is more simply explained.

New York, NY, Oct. 18, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it has received notice from Wildfire Media Corp (“Wildfire”) that it has retained the services of a PCAOB approved auditor to undertake the requisite two year audit, as stated in the agreement the companies signed on September 14, 2022. The audit will include Wildfire’s consolidated balance sheet and statements of operations, shareholders’ equity, and cash flows as of and for the fiscal years ended December 31, 2020 and 2021, and its unaudited and reviewed consolidated balance sheet and statements of operations, shareholders’ equity, and cash flows as of and for the three month periods ended March 31, 2022 and June 30, 2022, as well as any additional stub periods as may be required for the Company’s SEC and financial reporting requirements. GTII expects that, once underway, progress reports of the audit will be forthcoming from Wildfire.

New York, NY, Oct. 06, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that, in response to inquiries from the OTCMarkets, it will summarize its understanding of recent activity in its stock over the past several weeks, as follows:

New York, NY, Oct. 02, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that management, after further market study and input from its legal team, has decided that it is in the best interest of the shareholders of the Company to keep the original exercise price of the warrants it distributed last year (the “Warrants”). Such decision was made because the common stock underlying the Warrants were registered with the Securities and Exchange Commission (the “SEC”) in a registration statement on Form S-1 (the “S-1”) that was declared effective on August 26, 2021 with an exercise price of $2.75. A change to that exercise price would require an amendment to the S-1, which could cause the shares common stock issued pursuant to a new exercise price to not be registered at the time of issuance. As the warrant distribution was originally instituted to reward loyal shareholders and allow them to trade the registered shares of common stock underlying the Warrants, the change to the exercise price has been abandoned, and the Warrants will remain priced as registered for resale by the named selling shareholders in the S-1. Therefore, such shareholders are eligible to exercise their Warrants at the initial exercise price, and receive shares of common stock registered for resale in the S-1 by contacting Liberty Stock Transfer, Inc. (“Liberty”), the company’s transfer agent.

New York, NY, Sept. 27, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com announced today that its board of directors approved management’s request to lower the original strike price of the Warrants, which were distributed last year (the “Warrant Distribution”), to a new strike price of $2.00. While the original strike price of $2.75 appears to be within reach, the Company is desirous of rewarding its loyal shareholders with an opportunity to participate at a lower price. The process to change the strike price, and to register the underlying stock with such new strike price, will be underway shortly.

New York, NY, Sept. 30, 2022 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it is working on the document(s) required to lower the exercise price of the Warrants it distributed to shareholders last year to $2.00. In the meantime, the Company has set up an email address, whereby shareholders can contact the Company’s transfer agent, Liberty Stock Transfer, Inc. (“Liberty”) with their questions regarding the mechanics, timing and effect of the decision to change the Warrant strike price. Until all necessary steps are taken by the Company, the exercise price of the Warrants shall remain unchanged. We anticipate that the new exercise price will be effective on or before October 7, 2022. Shortly thereafter the Company will be filing an amendment to its registration statement on Form S-1 in order to register the shares of the Company’s common stock underlying the newly priced Warrants.

New York, NY, July 26, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation announced that its transfer agent, Liberty Stock Transfer, Inc. (“Liberty”) is continuing to process the request forms coming in from shareholders to receive their digital dividend, some coming in from those who have downloaded the form from the corporate website, and some coming in from the recent, physical mailing the company undertook in mid-June. To further assist in this process, the Company would like to reiterate the following instructions: