GLOBAL TECH INDUSTRIES - GTII STOCK NEWS

Global Tech Industries Group, Inc. (OTCQB: GTII) has announced plans for a proposed crypto special dividend, with filings to be submitted to FINRA. The Company anticipates providing further details, including the structure and record date of the dividend, expected in May 2022. As a Nevada corporation focused on acquiring innovative technologies, GTII emphasizes its commitment to enhancing shareholder value.

On April 19, 2022, Global Tech Industries Group, Inc. (GTII) announced the completion of an asset purchase agreement with Parabolic Tech DMCC. GTII sold its "Beyond Blockchain" business for $25,000 in cash, assuming all liabilities of the business. As part of the deal, GTII will receive a 10% equity interest in future token allocations and token offerings from Parabolic Technologies. Additionally, a crypto dividend will be distributed to GTII shareholders, effective April 29, 2022. This marks GTII's first cryptocurrency dividend.

Global Tech Industries Group (OTCQB: GTII) has entered a non-binding letter of intent with AT Gekko PR LLC for the sale of its 'Beyond Blockchain' business. GTII will gain a 10% equity interest in the acquiring entity and a share of tokens from their initial offerings. Additionally, the company will receive $25,000 in cash at closing. The definitive purchase agreements are expected to finalize in Q2 2022. CEO David Reichman emphasized the importance of digital dividends for shareholder value.

Global Tech Industries Group, Inc. (OTCQB: GTII) has provided an update on its subsidiary, Trento Resources and Energy Corp. The company is negotiating with multiple qualified buyers for a $350,000,000 bond offering associated with Trento Inversiones SpA. Following discussions, Vanor Capital, the underwriter, will announce selected buyers. Trento Resources aims to acquire a 40% interest in Inversiones Trento SpA, which has significant assets in rare earth minerals and iron, with an estimated reserve value of approximately $15.43 billion.

Global Tech Industries Group, Inc. (GTII) announced that Vanor Capital Resources Limited is in talks with Style Age, Inc. to finalize a $350 million bond offering for Trento Inversiones SpA. These funds will support rare earth mineral mining operations in Chile.

Upon closing, GTII's subsidiary will acquire a 40% equity interest in Trento, while issuing 100 million shares to former shareholder Sean Wintraub. The deal could position GTII favorably in the growing rare earth market, driven by increasing demand for green technologies.

Global Tech Industries Group (GTII) announced a non-binding Letter of Intent to acquire Wildfire Media Corp., a legal marketing firm. The acquisition is expected to be finalized within 90 days and aims to enhance GTII's reach in the legal advisory sector. GTII plans to secure a 100% interest in Wildfire Media through common shares, contingent on asset verification and mutual due diligence. Executives from both companies expressed optimism about the partnership's growth potential and innovative technology integration.

Global Tech Industries Group, Inc. (OTCQB: GTII) announced the completion of the acquisition of Classroom Salon, LLC, making it a wholly-owned subsidiary. This follows the successful financial audit and the delivery of an Amended and Restated License Agreement with Carnegie Mellon University. The acquisition aims to enhance the reach of Classroom Salon’s software in virtual learning environments, with GTII's CEO expressing optimism about the future benefits for students and educators. The deal signifies GTII's commitment to innovative technology in education.

Global Tech Industries Group (OTCQB: GTII) has executed a proposal with DTXS Auction Ltd. to enhance its metaverse initiatives. In exchange for 350,000 shares of Silk Road, GTII will issue 100,000 shares of its common stock. The proposal reaffirms DTXS's commitment to developing the metaverse's first Chinatown art district, focusing on Chinese antiquities and NFT auctions. The GTII Metaverse launch is expected in Q2 2022, with updates to shareholders planned. CEO David Reichman highlights this as a step towards international expansion.

Global Tech Industries Group (OTCQB: GTII) completed the acquisition of Classroom Salon LLC on January 18, 2022, through its subsidiary Classroom Salon Holdings LLC. This acquisition allows GTII to enhance educational tools using advanced algorithms and workflows, aimed at improving virtual learning. Notably, the transaction includes significant shares distributed to Classroom Holdings members. GTII's CEO highlighted the complexity of this deal, showcasing the company's commitment to leveraging technology in education.