Global Tech Industries Group, Inc. Accepts Updated Legal Opinion Regarding 10% Dividend

Rhea-AI Summary

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.

New York, NY, April 29, 2024 (GLOBE NEWSWIRE) -- (GTII: OTC) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it has accepted an updated, supplementary legal opinion from corporate counsel that the Rule 144 restriction has been removed on the 10% dividend that was issued to shareholders on April 15, 2023. The opinion has been accepted by the Company’s transfer agent, Liberty Stock Transfer Co., Inc., which issued a supporting letter of its own. Both documents are on the Company website under the tab ‘Investor Relations’, https://www.gtii-us.com/investor-relations/stock-dividend. The Company sees no further issues for its shareholders receiving their dividends into their individual accounts.

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

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

FAQ

What is the latest update from Global Tech Industries Group, Inc. regarding a 10% dividend?

Global Tech Industries Group, Inc. has accepted an updated legal opinion confirming the removal of Rule 144 restriction on the 10% dividend issued to shareholders on April 15, 2023.

Who issued the supporting letter regarding the Rule 144 restriction removal?

The Company's transfer agent, Liberty Stock Transfer Co., Inc., issued the supporting letter confirming the Rule 144 restriction removal.

Where can I find the documents related to this announcement?

Both the updated legal opinion and the supporting letter can be found on the Company website under the 'Investor Relations' tab at https://www.gtii-us.com/investor-relations/stock-dividend.

What does Global Tech Industries Group, Inc. specialize in?

Global Tech Industries Group, Inc. is a publicly traded Company incorporated in Nevada, focusing on acquiring new and innovative technologies.