GLOBAL TECH INDUSTRIES - GTII STOCK NEWS

Global Tech Industries Group, Inc. (OTCQB: GTII) has filed a lawsuit against Canaccord Genuity LLC, Credit Suisse Securities, Instinet LLC, Lime Trading Corporation, and GTS, LLC in the Southern District of New York. The lawsuit alleges spoofing of GTII shares, contributing to artificially depressed prices. CEO David Reichman stated that this legal action is part of efforts to protect shareholders from market manipulation. Wes Christian, managing partner at Christian Levine Law Group, also emphasized the alleged illegal activities of the defendants.

Global Tech Industries Group, Inc. (GTII) announced on March 10, 2023, that its board has authorized a dividend for shareholders at a ratio of 1 share for every 10 shares owned, pending FINRA approval. This initiative reflects the Company’s commitment to rewarding its investors, although the record date is yet to be determined. The dividend issuance is contingent upon compliance with FINRA’s guidelines. GTII specializes in acquiring innovative technologies and aims to keep shareholders updated on the process.

Global Tech Industries Group, Inc. (GTII) announced that Wildfire Media Corp is nearing completion of its PCAOB audit. The audit, which covers the years 2020 and 2021 for 1-800-LAW-FIRM, is expected to be finalized within two weeks, with the 2022 audit to follow shortly. The acquisition is targeted for closure around April 1, 2023. CEO David Reichman expressed satisfaction with Wildfire's audit process, highlighting their commitment to thoroughness. COO Ray Bonkowski noted minimal disruption to operations during the audit, emphasizing continued performance and investments in growth areas.

Global Tech Industries Group, Inc. (OTCQB: GTII) announced on Feb. 6, 2023, that its board has approved legal action against alleged illegal trading activities involving its shares. The Company has engaged Christian Levine Law Group and Warshaw Burstein, LLC for this purpose, focusing on broker-dealers and market makers possibly infringing trading regulations. Concerns have arisen from the National Securities Clearing Corporation's imposition of a 'Backtesting Charge' on Alpine Securities, linked to significant short positions in GTII. The Company aims to reward loyal shareholders and plans to uplist with Upstream.

Creatd, Inc. (OTCQB: CRTD) has extended its no-shop period with Global Tech Industries Group, Inc. (OTCQB: GTII) regarding a proposed acquisition, allowing more time for due diligence. The companies are evaluating a collar structure potentially valuing CRTD shares at $3.00 to $5.00. The CEO highlighted concerns over naked shorts impacting GTII and CRTD, noting that 375 million shares of CRTD have been shorted since August 2016. The extension aims to clarify share counts and short sale details, which could aid in addressing issues within the microcap space.

Global Tech Industries Group, Inc. (GTII) announced the formation of a Task Force to investigate illegal trading activities in its shares. The Board appointed Donald Gilbert, a 20-year board member and veteran of the Treasury and Justice Departments, to lead this initiative. The Task Force's objective is to identify unlawful trading activities by various market participants and evaluate potential legal actions against those involved. Collaborating with legal teams and ShareIntel, the task force aims to protect shareholder interests. The company is publicly traded and specializes in acquiring innovative technologies.

Global Tech Industries Group (GTII) announced that it has received a letter from UHY, LLP, confirming its progress toward completing an audit of Wildfire Media Corp for the years 2020 and 2021. This audit is a crucial step for GTII, as it is required to finalize the acquisition of Wildfire and the 1-800-LAW-FIRM brand. The audit report is expected by the end of January 2023. To ensure compliance with the agreement, GTII has extended its contract with Wildfire until March 31, 2023. This acquisition positions GTII to enhance its portfolio in innovative technologies.

Global Tech Industries Group (GTII) has signed a Letter of Intent to acquire Creatd, Inc. for $100 million in restricted shares. This acquisition, subject to due diligence and regulatory approval, aligns with GTII's strategy to enhance shareholder value through innovative technology. The deal includes a 30-day exclusivity period for Creatd to halt discussions with other buyers. Both companies aim to bolster revenue growth and leverage their strengths in the creator economy, with plans for Creatd's media spinoff, OG Collection Inc., continuing concurrently.