Global Tech Industries Group, Inc.

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Global Tech Industries Group, Inc. engages in the acquisition of companies. Its subsidiaries and affiliates operate in the following sectors: intellectual properties, proprietary systems, trade secrets in the bioscience, green-tech and global health technologies, and other new and emerging businesses. The company was founded on July 24, 1980 and is headquartered in New York, NY.

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New York, NY, Aug. 19, 2024 (GLOBE NEWSWIRE) -- ( GTII : OTC) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”), www.gtii-us.com, announced today that the AI Commerce Group (“AI”), an acquisition target that entered into a Membership Interest Purchase Agreement (“MIPA”) with the Company in August of 2023 has not fulfilled its promised deliverables, and is in breach of the agreement. Therefore, in accordance with the terms of the Escrow Agreement entered into by the parties on August 18, 2023, which held twenty million (20,000,000) shares of the Company's common stock to be dispersed to the members of AI upon their successful fulfillment of the agreement, the Company has instructed the Escrow Agent to return the twenty million (20,000,000) shares of GTII common stock back to the Company treasury.

Global Tech Industries Group, Inc. returns AI Commerce stock back to the Company Treasury

New York, NY, Aug. 05, 2024 (GLOBE NEWSWIRE) -- (OTC:  GTII ) Global Tech Industries Group, Inc. (“ GTII ” or the “Company”),  www.gtii-us.com , announced today that Mr. Luke Rahbari, having previously signed an employment agreement with the Company on July 2, 2024, has officially stepped into the position of Chief Executive Officer effective as of August 1, 2024. Mr. Reichman simultaneously retired from his position as CEO, and will continue to support Mr. Rahbari in his endeavors as he takes the helm of GTII. At a board meeting, held on July 31, 2024, Mr. Rahbari's appointment as Chief Executive officer and as a member of the Board of Directors was confirmed by the Board of Directors by a unanimous vote.

Global Tech Industries Group, Inc. Announces Luke Rahbari's Appointment as Chief Executive Officer

New York, NY, July 12, 2024 (GLOBE NEWSWIRE) -- (OTC: GTII ) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”), www.gtii-us.com , announced that the Company signed an employment agreement (the “Agreement”) on July 2, 2024 with Mr. Luke Rahbari appointing him as Chief Operating Officer. Pursuant to the terms of the Agreement, Mr. Rahbari shall assume the role of Chief Executive Officer effective as of August 1, 2024, subject to certain conditions as set forth in the Agreement and the approval by the Company's board of directors.

Global Tech Industries Group, Inc. Executes Employment Agreement with Mr. Luke Rahbari

New York, NY, June 20, 2024 (GLOBE NEWSWIRE) -- (OTC: GTII) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , updated its shareholders regarding the delayed 2024 first quarter report on Form 10-Q, and the reaudit of its financial statements for the fiscal years ended December 31, 2022 and 2023.. As previously reported by the Company, the Company's financial statements for these years were previously audited by BF Borgers CPA PC (“BF Borgers”). However, on May 3, 2024, the Securities and Exchange Commission (“SEC”) charged firm BF Borgers and its owner with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (“PCAOB”) standards in its audits and reviews, which were incorporated in more than 1,500 SEC filings from January 2021 through June 2023.

Global Tech Industries Group, Inc. (GTII) Provides Shareholders with Updates on 2022 and 2023 Audits and 2024 Q1 10Q Filing

New York, NY, June 14, 2024 (GLOBE NEWSWIRE) -- (OTC: GTII) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”), www.gtii-us.com, announced today that GTII's management is taking steps in response to certain recent social media activities concerning short positions or other trading activities of the Company's shares.

Global Tech Industries Group, Inc. Reaffirms Commitment to Shareholder Value and Continued Vigilance Against Noncompliant Trading Activities

New York, NY, May 13, 2024 (GLOBE NEWSWIRE) -- ( GTII : OTC) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced, in an 8K https://www.sec.gov/edgar/browse/?CIK=356590&owner=exclude filed on Friday, May 10, 2024, the appointment of a new auditor, Fortune CPA, Inc., (“Fortune”) Fortune is based in Orange, CA, and is a registered PCAOB firm. As part of its commitment to transparency and accountability, GTII has chosen an auditing team that has worked successfully with large and small companies across many different industries. This will ensure the highest standard of financial oversight and compliance.

Global Tech Industries Group, Inc. retains Fortune CPA, Inc. a PCAOB Auditor, and Asserts Rights Regarding Previous Auditor

New York, NY, April 09, 2024 (GLOBE NEWSWIRE) -- ( GTII : OTC) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that its board of directors, at a board meeting held on April 7, 2024, approved and authorized management to create the new executive position of Chief Operating Officer, and to welcome Mr. Luke Rahbari to join the Company in that position as of May 1, 2024. As previously stated in a press release and on the corporate website, the Company retained Mr. Rahbari's services last December to assist management with re-focusing its short-term goals, including a retirement/succession plan for its senior management. Mr. Rahbari has made management aware of several deficiencies in its current structure and day-to-day operations, and management has been quick to respond and move forward to address the situation by offering him the new position. Mr. Rahbari will continue the work he began in December, assessing the quality of a number of pending deals for the Company, assisting in its continued mission to remain compliant in all its filings and obligations, as well as facilitating introductions to the Capital markets, trading and listing initiatives.

Global Tech Industries Group, Inc. welcomes Mr. Luke Rahbari as the Company's new Chief Operating Officer

New York, NY, Feb. 26, 2024 (GLOBE NEWSWIRE) -- ( GTII : OTC) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today, as part of its objective to support its shareholders, that it has communicated with eight major brokerage firms through a registered letter in order to ensure that the stock dividend issued on April 29, 2023 is appropriately deposited into shareholders' respective accounts. Furthermore, GTII wishes to inform shareholders that if they wish to deposit their shares in advance, they should complete a Stockholder's Representation Letter ,, which outlines the procedures to deposit their shares in advance. In any event, GTII believes that all shareholders should have their shares deposited on or around April 29, 2024, which marks the one year date from the date of issuance of the stock dividend. Liberty Stock Transfer Co., (“Liberty”), GTII's transfer agent is also sending out a general information letter to the brokers that offers further clarification and assistance in responding to the receipt of any Stockholder's Representation Letter, on the basis of a blanket legal opinion concerning the stock dividend held by Liberty.

Global Tech Industries Group, Inc. has communicated with brokerage firms regarding the stock dividend issued in April 2023

New York, NY, Dec. 18, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTC) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that its board of directors has approved and authorized management to retain the services of Mr. Luke Rahbari, a managing member of Equity Armor Investments, LLC, to assist the Company's board of directors in 2024 with re-focusing its short and long term goals, including a succession plan for its senior management. Mr. Rahbari will also assist management in assessing the status of several of its closed and still pending deals, for compliance and due diligence purposes. Mr. Rahbari will also assist GTII in its capital markets, trading and listing initiatives.

Global Tech Industries Group, Inc. retains the services of Mr. Luke Rahbari as a management consultant

New York, NY, Oct. 26, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTC) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that its general counsel has composed a blanket Rule 144 legal opinion and has submitted it to Liberty Stock Transfer, Inc. (“Liberty”), the Company's transfer agent. All shareholders as of April 29, 2023, who received the 10% stock dividend from the Company can now have their resale restrictions removed as of October 29, 2023.

Global Tech Industries Group, Inc.'s counsel to issue general restriction release for its dividend receiving shareholders.

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.

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

New York, NY, Aug. 21, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTC) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that it has signed a Membership Interest Purchase Agreement (“MIPA”) with AI Commerce Holdings, LLC., (“AI Holdings”) to acquire all the membership interest, including the assets and operations of MIPA, from the members of AI Commerce Group, LLC, (“AI Group”), a privately held Puerto Rico company in the business of acquiring and operating ecommerce websites and brands to make them more efficient. The new company would become part of GTII through the incorporation of a new, wholly owned subsidiary.

(Corrected) Global Tech Industries Group, Inc. acquires AI Commerce Group, LLC., through a binding Membership Interest Purchase Agreement

New York, NY, Aug. 21, 2023 (GLOBE NEWSWIRE) -- ( GT I I : OTCQB) Global Tech Industries Group, Inc. (“ GT I I ” or “The Company”),  www . gtii-us.com , announced today that it has signed a Membership Interest Purchase Agreement (“MIPA”) with AI Commerce Holdings, LLC., (“AI Holdings”) to acquire all the membership interest, including the assets and operations of MIPA, from the members of AI Commerce Group, LLC, (“AI Group”), a privately held Puerto Rico company in the business of acquiring and operating ecommerce websites and brands to make them more efficient. The new company would become part of GTII through the incorporation of a new, wholly owned subsidiary.

Global Tech Industries Group, Inc. acquires AI Commerce Group, LLC., through a binding Membership Interest Purchase Agreement

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New York, NY, June 27, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTCQB) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that it has signed a non-binding Letter of Intent (“LOI”) with Boca Del Toro LLC., (“BOCA”) a privately-held Costa Rican company that owns a scalable commercial grade mineral based Aquifer located in a large recognized Blue Zone, which is both an anthropological term and recognized geographical area (there are five recognized Blue Zones worldwide) whereby people live longer than average, experiencing healthier lives overall. The water source is situated on five (5) acres of land owned by BOCA, which also owns the concessions rights. BOCA purchased the property in 2007 and was issued a water concession and extraction license in 2014.

Global Tech Industries Group, Inc. signs a Letter of Intent with BOCA Del Toro, LLC., a Costa Rican Water Company

New York, NY, June 13, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTCQB) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that it has signed a non-binding and preliminary Memorandum of Understanding (“MOU”) with AI Commerce Holdings, LLC, (“AI Holdings”) a private company based in San Juan, Puerto Rico, to commence the mutual due diligence process with the objective of negotiating a definitive agreement for the purchase of AI Commerce Group, LLC (“AI Group”) by GTII. AI Group is in the business of acquiring online brands and businesses that need additional resources and knowledge to get to the next level of sales and revenue. AI Group uses technology and artificial intelligence to improve efficiencies at all stages of the direct-to-retail business. It provides brands and businesses with the technical help and expertise they need to reach their full potential. By collaborating with entrepreneurs to bring to market products that not only serve consumers but also contribute to the betterment of society, AI Group uses the scale of its operations to negotiate superior deals with suppliers, thus providing cost savings it can pass on to consumers. The AI Group team is comprised of seasoned veterans in e-commerce, sourcing, logistics, digital marketing, and banking.

Global Tech Industries Group, Inc. (GTII) and AI Commerce Holdings, LLC execute a preliminary Memorandum of Understanding in connection with the possible acquisition of AI Commerce Group, LLC by GTII

New York, NY, May 09, 2023 (GLOBE NEWSWIRE) -- ( GTII : PINK) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced that it has successfully distributed its one-for-ten stock dividend to its shareholders. Issuances were made directly into the accounts of those shareholders who have been holding their shares at Liberty Stock Transfer, Inc., (“Liberty”) the Company's transfer agent. The remainder of the issuances, for shareholders who hold their shares with brokers or at brokerage houses, were distributed by Liberty directly into the DTCC, which then transferred the shares to the individual brokerage firms that hold GTII stock. Those shareholders should contact their brokers directly to receive the stock dividend into their accounts.

Global Tech Industries Group, Inc. has successfully distributed its stock dividend

New York, NY, April 28, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTCQB) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that it has officially begun the process of issuing shares of its Common stock to all shareholders who held shares as of April 15, 2023. Any shareholder who held GTII shares, either at Liberty Stock Transfer, Inc. (“Liberty”) the Company's transfer agent, or in street name at a broker/dealer or brokerage firm, will be issued one share of restricted common stock for every ten shares then held. Liberty will issue shares to shareholders, which will automatically be added to shareholder totals on the shareholder list. Shares will also be issued to DTC, and shareholders who hold shares in brokers/dealers or brokerage firms should contact them directly to make sure their shares are added into their personal accounts.

Global Tech Industries Group, Inc. to reward GTII shareholders with one common stock dividend for every 10 shares held.

New York, NY, March 31, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTCQB) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that it has signed a third extension agreement with Wildfire Media Corp, (“Wildfire”), extending the original agreement to May 15, 2023, in order to allow Wildfire more time to complete the two-year PCAOB audit undertaken by UHY, LLP, an auditing firm based in Sterling Heights, MI. The two-year audit is a requirement in order to complete and close the acquisition of Wildfire and the 1-800-LAWFIRM brand by GTII.

Global Tech Industries Group, Inc. extends closing date with Wildfire Media Corp and the 1-800-LAW-FIRM brand to May 15, 2023

New York, NY, March 29, 2023 (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 been in further contact with FINRA regarding its corporate action request to issue a dividend to its shareholders, in the form of one restricted share for every ten shares held, as of the record date of April 15, 2023. Since its board of directors initially approved and authorized management to submit the corporate action request on March 9, 2023, FINRA has asked for additional information and clarification regarding the dividend request, which the company promptly supplied.

Global Tech Industries Group, Inc. updates shareholders on contact with FINRA regarding dividend request, has no plans for any other corporate action

New York, NY, March 22, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTCQB) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that the lawsuit previously filed by the Company in the United States District Court in the Southern District of New York has officially been served on all Defendants, including Canaccord Genuity LLC, Credit Suisse Securities, (USA) LLC, Instinet LLC, Lime Trading Corporation and GTS Securities, LLC. The Company looks forward to its day in court.

Global Tech Industries Group, Inc. gets confirmation its Complaint has been served on all Defendants

New York, NY, March 20, 2023 (GLOBE NEWSWIRE) -- ( GTII : OTCQB) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”),  www.gtii-us.com , announced today that on March 17, 2023 it submitted its corporate action request to FINRA to issue a 1 for 10 stock dividend its shareholders, and that it set, after previously being approved by the board of directors, a Record Date for the event of April 15, 2023.

Global Tech Industries Group, Inc. submits corporate action request to FINRA for stock dividend, additionally sets Record Date of April 15, 2023

New York, NY, March 14, 2023 (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 filed a lawsuit against Canaccord Genuity LLC, Credit Suisse Securities, (USA) LLC, Instinet LLC, Lime Trading Corporation and GTS, LLC in the United States District Court in the Southern District of New York. The complaint alleges various causes of action related to the spoofing of GTII's shares, which resulted in a significant number of shares being sold at artificially depressed prices attributable to this illegal behavior.The Company is represented in the action by the Christian Levine Law Group and Warshaw Burstein, LLP, both of which have extensive expertise in stock fraud litigation.

CORRECTION: Global Tech Industries Group, Inc. Files Lawsuit Against Canaccord Genuity, LLC and others in Connection with Trading Activities in the Company's Shares

New York, NY, March 13, 2023 (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 filed a lawsuit against Canaccord Genuity LLC, Credit Suisse Securities, (USA) LLC, Instinet LLC, Lime Trading Corporation and GTS, LLC in the United States District Court in the Southern District of New York. The complaint alleges various causes of action related to the spoofing of GTII's shares, which resulted in a significant number of shares being sold at artificially depressed prices attributable to this illegal behavior.The Company is represented in the action by the Christian Levine Law Group and Warshaw Burstein, LLP, both of which have extensive expertise in stock fraud litigation.

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