Welcome to our dedicated page for Globl Tech Indus news (Ticker: GTII), a resource for investors and traders seeking the latest updates and insights on Globl Tech Indus stock.
Globl Tech Indus (GTII) delivers cutting-edge technology solutions through advanced manufacturing and digital innovation. This news hub provides investors and industry observers with centralized access to official announcements, strategic developments, and operational updates from the global technology leader.
Track GTII's progress through verified press releases, earnings reports, and product launch announcements. Our curated collection features updates across all business segments including digital transformation initiatives, manufacturing advancements, and strategic partnerships. Stay informed about the company's latest innovations without promotional bias.
Key updates include quarterly financial results, leadership changes, technology patents, and market expansion efforts. Each entry maintains factual accuracy while avoiding speculative content, ensuring reliable information for investment research and industry analysis.
Bookmark this page for streamlined access to GTII's evolving story in the technology sector. Check back regularly to monitor how the company continues shaping industrial solutions through its integrated approach to manufacturing excellence and digital service delivery.
Global Tech Industries Group, Inc. (GTII: OTC) has announced the termination of its Membership Interest Purchase Agreement (MIPA) with AI Commerce Group due to breach of contract. The agreement, signed in August 2023, involved 20 million shares of GTII common stock held in escrow for AI Commerce Group members. As AI failed to fulfill its promised deliverables, GTII has instructed the Escrow Agent to return the shares to the Company treasury. This action effectively ends AI Commerce Group's potential interest in GTII common stock under the agreements. GTII, a Nevada-incorporated public company, focuses on acquiring innovative technologies.
Global Tech Industries Group, Inc. (OTC: GTII) has announced a significant leadership change. Luke Rahbari has officially assumed the role of Chief Executive Officer effective August 1, 2024, following the signing of an employment agreement on July 2, 2024. This appointment was unanimously confirmed by the Board of Directors on July 31, 2024. Rahbari will also join the Board of Directors.
Concurrently, David Reichman has retired from his position as CEO but will continue to support Rahbari during the transition period. Reichman expressed confidence in Rahbari's ability to lead GTII to new heights and pledged to work closely with him to ensure a smooth handover and continued success for the company.
Global Tech Industries Group (OTC: GTII) has signed an employment agreement with Mr. Luke Rahbari, appointing him as Chief Operating Officer effective July 2, 2024. Mr. Rahbari will assume the role of Chief Executive Officer on August 1, 2024, pending board approval. This strategic hire follows Mr. Rahbari’s engagement as a business consultant since December 2023, tasked with creating a succession plan for senior management. The appointment aims to enhance GTII’s growth and stability, with Mr. Rahbari's experience in operational excellence expected to drive the company's development. Chairman David Reichman expressed confidence in Rahbari's role in achieving GTII’s strategic goals.
Global Tech Industries Group (GTII) announced updates regarding its 2022 and 2023 audits and the delayed filing of its 2024 Q1 report. Following SEC charges against their former auditor BF Borgers for systemic non-compliance with PCAOB standards, GTII retained Fortune CPA as their new auditor on May 7, 2024. Fortune will first audit the fiscal year 2022, followed by 2023, and then complete the 2024 Q1 10-Q report. GTII's Chairman, David Reichman, emphasized their commitment to timely and efficient completion of these audits and seeks a refund of fees paid to BF Borgers.
Global Tech Industries Group (GTII) announced its proactive steps to safeguard shareholder value amid concerns about short positions and trading activities. GTII filed a FOIA request with the SEC related to a Backtesting Charge by the NSCC on Alpine Securities due to a concentrated short position in GTII. The company is also in communication with the NSCC. COO Luke Rahbari emphasized GTII’s commitment to compliance, transparency, and sustainable value creation. He assured shareholders that any noncompliant trading activities would be investigated promptly to ensure fair trading practices.
Global Tech Industries Group, Inc. (GTII) appoints Fortune CPA, Inc. as its new auditor, emphasizing transparency and accountability. GTII asserts rights regarding the previous auditor, aiming to maintain shareholder trust. The company's Chief Operating Officer, Luke Rahbari, expresses satisfaction with the swift management response.
Global Tech Industries Group, Inc. has accepted an updated legal opinion regarding the removal of Rule 144 restriction on a 10% dividend issued to shareholders on April 15, 2023. The Company's transfer agent has supported this decision, ensuring no hindrance in dividend distribution to shareholders.
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