GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES APPROVAL BY BOARD OF DIRECTORS TO PROCEED WITH A DIVIDEND CONSISTING OF WARRANTS TO PURCHASE THE COMPANY’S COMMON STOCK

Rhea-AI Summary

Global Tech Industries Group, Inc. (GTII) announced the issuance of a warrant as a dividend to shareholders. This decision follows a completed feasibility study approved by the Board of Directors. Management is actively working with SEC counsel to finalize the necessary filings with FINRA, aiming for a swift payment process. Further details regarding the dividend will be provided in the upcoming weeks. GTII's Chairman and CEO, David Reichman, expressed satisfaction with the board's efficient handling of this initiative, showcasing a commitment to rewarding loyal shareholders.

Positive

• Approval to issue a warrant as a dividend to shareholders.
• Management's proactive approach in securing necessary legal counsel.
• Commitment to rewarding loyal shareholders.

Negative

• None.

New York, New York, March 17, 2021 (GLOBE NEWSWIRE) -- (GTII:OTCQB) Global Tech Industries Group, Inc. (“GTII” or the “Company”), www.gtii-us.com announced today that its Board of Directors has, having completed their feasibility study, given management approval to commence the process of issuing a warrant in the form of a dividend to its shareholders of record. Management has retained SEC counsel to interface with FINRA to proceed with filing the appropriate documents with the intention of paying such dividend as soon as possible. Details will be announced in the coming weeks.

GTII’s chairman and CEO, David Reichman, stated, “ I am pleased with the manner in which the board undertook this matter. Their professionalism and expeditious approach in reviewing the form of warrant agreement gave us an opportunity to offer a potential reward to our loyal shareholders .”

About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

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.

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Blaine Riley – br@intlmonetary.com
International Monetary
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949.200.4601

FAQ

What dividend is Global Tech Industries Group, Inc. (GTII) issuing?

GTII is issuing a warrant as a dividend to its shareholders.

When will GTII's dividend be paid?

The payment date for GTII's dividend is yet to be announced, with details expected in the coming weeks.

What is the process for GTII's dividend issuance?

GTII is working with SEC counsel to file the necessary documents with FINRA to proceed with the dividend issuance.