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Global Tech Industries Group, Inc. urges shareholders to mail in Request Forms to receive digital dividend

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Global Tech Industries Group (OTCQB: GTII) announced that its transfer agent, Liberty Stock Transfer, has begun processing requests for a digital dividend issued in Shibu Ino tokens. Despite receiving some requests, discrepancies in reported totals have been noted between shareholders and brokerage accounts. Shareholders are encouraged to follow guidelines on the company's website for dividend claims, with a forthcoming deadline to be announced. A mailing campaign is underway to assist unresponsive shareholders.

Positive
  • Announcement of the digital dividend issuance in Shibu Ino tokens.
  • Efforts made to assist unresponsive shareholders through physical mailings.
Negative
  • Discrepancies noted between shareholder reports and brokerage accounts.
  • Partial processing of dividend requests may lead to delays.

New York, NY, June 07, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation announced that its transfer agent, Liberty Stock Transfer, Inc. (“Liberty”) has continued to process the incoming request forms from shareholders to receive their digital dividend. At this time, Liberty has only received a portion of the potential requests for the digital dividend and has noted further discrepancies in some of the totals of what shareholders have reported and what is being held in brokerage accounts or recorded on the NOBO list. The Shibu Ino token dividend can only be paid to shareholders who have followed the Company’s instructions on its website that gives specific guidelines on how they can obtain the dividend. The Company is excited to issue this dividend and urges each shareholder to request it, as a deadline to receive the digital dividend will be decided by the board of directors and announced by the Company in the near future. In an additional effort to assist in this, the Company has commenced a physical mailing to unresponsive shareholders with clear instructions and the request form enclosed for shareholders to mail or email to the transfer agent.

About Global Tech Industries Group, Inc.: 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 or at https://gtii-us.com/

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.

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 digital dividend for GTII shareholders?

GTII is issuing a digital dividend in Shibu Ino tokens to eligible shareholders.

How can shareholders request the GTII digital dividend?

Shareholders must follow instructions on GTII's website to request the dividend.

Are there any deadlines for requesting the digital dividend from GTII?

A deadline for dividend requests will be announced by GTII's board of directors.

What should I do if I haven't received information about the GTII digital dividend?

GTII is conducting a mailing campaign to assist unresponsive shareholders.

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