Global Tech Industries Group, Inc. explores general restriction release for its dividend receiving shareholders

Rhea-AI Summary

GTII is working on a plan to remove resale restrictions for shareholders who received a 10% stock dividend. The goal is to make the process easier and save shareholders time and effort.

Positive

• GTII is taking steps to reward loyal shareholders by removing resale restrictions on stock dividends. This could potentially increase liquidity and value for shareholders.

Negative

• None.

New York, NY, Oct. 11, 2023 (GLOBE NEWSWIRE) -- (GTII: OTC) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it is working with counsel to ascertain the possibility of composing a general legal opinion to be submitted to Liberty Stock Transfer, Inc. (“Liberty”), the Company’s transfer agent, so that all shareholders as of April 29, 2023 who received the 10% stock dividend from the Company can have their resale restrictions removed as of October 29, 2023.

David Reichman, Chairman & CEO of GTII, stated, “Our goal is to find the easiest way to further reward our loyal shareholders by taking on the task of getting their stock dividends free and unrestricted as of October 29, 2023. If we can put this plan into effect, shareholders will not have to produce individual legal opinions but will instead only have to contact Liberty and ask to have their stock transferred to their own brokerage accounts. This will save them time, money, and effort, which is our main goal.”

About GTII: GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/.

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.

Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com

What is GTII working on?

GTII is working on a plan to remove resale restrictions for shareholders who received a 10% stock dividend.

When will the resale restrictions be removed?

The goal is to have the resale restrictions removed as of October 29, 2023.

How will shareholders benefit from this plan?

Shareholders will save time, money, and effort by having their stock transferred to their own brokerage accounts without the need for individual legal opinions.

What is the website of GTII?

The website of GTII is https://gtii-us.com/.

Where is GTII located?

GTII is located at 511 Sixth Avenue, Suite 800, New York, NY 10011.