GLOBAL TECH INDUSTRIES - GTII STOCK NEWS

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.

Global Tech Industries Group, Inc. (GTII) appoints Mr. Luke Rahbari as Chief Operating Officer to enhance short-term goals and strengthen management. Mr. Rahbari brings extensive experience in capital markets and trading, aiming to improve pending deals, compliance, and market initiatives.

Global Tech Industries Group, Inc. (GTII) has communicated with major brokerage firms to ensure the stock dividend issued on April 29, 2023, is deposited into shareholders' accounts. Shareholders can deposit shares in advance by completing a Stockholder’s Representation Letter. All shareholders should have their shares deposited by April 29, 2024. GTII's transfer agent, Liberty Stock Transfer Co., is providing further clarification and assistance.

Global Tech Industries Group, Inc. (GTII) has announced the retention of Mr. Luke Rahbari, a managing member of Equity Armor Investments, LLC, to assist the board of directors in re-focusing its short and long-term goals. Mr. Rahbari will also help assess the status of closed and pending deals, assist in capital markets, trading, and listing initiatives, and develop a succession plan for senior management. GTII is a Nevada-based company specializing in acquiring new and innovative technologies.