Global Tech Industries Group, Inc. extends closing date with Wildfire Media Corp and the 1-800-LAW-FIRM brand to May 15, 2023
Global Tech Industries Group has extended its agreement with Wildfire Media Corp until May 15, 2023. This extension allows Wildfire additional time to finalize a two-year PCAOB audit required for the acquisition of Wildfire and the 1-800-LAWFIRM brand. The audit is being performed by UHY, LLP, a firm based in Michigan. GTII focuses on acquiring innovative technologies and has established its market presence through strategic partnerships.
- Extension of agreement with Wildfire Media Corp allows for strategic acquisition.
- Audit by a reputable firm UHY, LLP indicates serious commitment to compliance.
- The need for a third extension may indicate delays in the acquisition process.
- Ongoing development stage incurs significant expenses with no guaranteed profitability.
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.
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
About Wildfire Media Corp: Wildfire Media licenses 1-800-LAW-FIRM and other brands to a national network of law firms committed to protecting the rights of clients in areas as diverse as consumer protection, environmental hazards, civil rights, and criminal defense among other areas. Top of FormFounded in 1996, Wildfire Media provides performance-based marketing and technology solutions that enable law firms to concentrate on what they do best. Wildfire Media has established a Legal Support Organization (LSO) so that law firms are equipped to combine advances in the latest technologies along with best operational practices, both provided by our LSO.
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
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