GLOBAL TECH INDUSTRIES - GTII STOCK NEWS

Global Tech Industries Group, Inc. (GTII) announced plans to spin off its health services subsidiary, Global Tech Health, Inc. This strategy aims to enhance operational efficiency and cultivate a unique investment identity focused on the health market. The spin-off will reward GTII shareholders with one share of Global Tech Health for each share of GTII held on a predetermined record date. The subsidiaries involved, including Bronx Family Eyecare, Inc. and My RetinaDocs LLC, will join Global Tech Health post-acquisition.

Global Tech Industries Group, Inc. (OTCQB: GTII) announced the formation of a new subsidiary, Global Tech Health, Inc., on September 3, 2021. This strategic move aims to separate healthcare and eyecare operations, enhancing operational independence. CEO David Reichman highlighted the decision to establish this subsidiary as a step towards a more focused industry strategy, leveraging existing mature businesses.

The press release notes potential risks related to future growth and profitability, indicating challenges in finding and acquiring new assets.

Global Tech Industries Group, Inc. (GTII) announced management is considering a potential stock dividend for shareholders, consisting of mandatorily convertible and redeemable preferred shares linked to its upcoming health services subsidiary. CEO David Reichman emphasized the need for effective management structures and a focused strategy for their subsidiaries. The company's focus remains on acquiring innovative technologies. GTII understands the risks related to its growth and potential profitability as outlined in its SEC filings.

Global Tech Industries Group, Inc. (GTII) announced that the SEC has declared its registration statement on Form S-1 effective, allowing warrants issued to shareholders to be resold upon exercise. Additionally, the company’s BeyondBlockchain.us platform has added new cryptocurrencies and launched a mobile app for trading. GTII has also reported a reduction of over $3 million in long-term debt since 2020, with ongoing efforts to retire more debt. CEO David Reichman expressed optimism regarding these developments and the growth potential of the company's platform.

Global Tech Industries Group, Inc. (GTII) has entered a definitive agreement to acquire 100% of We SuperGreen Energy Corp. (WSGE), making it a wholly-owned subsidiary by December 30, 2021. This acquisition aims to enhance GTII's footprint in the renewable energy sector. A key component is the anticipated application for an up-listing to a national exchange following a two-year audit of WSGE. The CEOs of both companies express optimism about the transformative potential of WSGE's technology.

Global Tech Industries Group, Inc. (GTII) has launched its new iOS app, Beyond Blockchain: Buy Crypto, now available on the Apple App Store. This app serves as a mobile extension of the existing trading platform, allowing users to access their accounts and trade top cryptocurrencies like Bitcoin and Ethereum anytime, anywhere. It offers advanced trading tools and customer support features, enhancing user experience in the mobile trading sector. CEO David Reichman expressed excitement about the launch and the efficiency of the development process.

Global Tech Industries Group, Inc. (GTII) has submitted its new iOS app, Beyond Blockchain: Buy Crypto, to the Apple App Store, which is in the final review phase. CEO David Reichman expressed urgency in launching the app to allow users to trade cryptocurrencies. Additionally, GTII is in the due diligence phase of a binding Letter of Intent with We Supergreen Corp (WGSE).

GTII focuses on acquiring innovative technologies but faces uncertainties regarding profitability and growth, as detailed in its SEC filings.

Global Tech Industries Group, Inc. (GTII) has entered a binding Letter of Intent with We SuperGreen Energy Corp (WSGE) to explore a 100% acquisition of WSGE by GTII. The transaction is expected to be beneficial for both companies and their shareholders. The LOI requires a definitive agreement within 30 days. GTII's CEO, David Reichman, highlighted the potential of this strategic move, given WSGE's advanced renewable energy technology, which claims to produce clean energy at up to 99% efficiency.

Global Tech Industries Group (OTCQB: GTII) announced the filing of a registration statement on Form S-1 to register for resale shares linked to warrants issued to shareholders in April 2021. Shareholders can resell the underlying shares post-exercise without restrictions. Additionally, GTII is launching a mobile app for its cryptocurrency trading platform, Beyond Blockchain, allowing trades in various digital currencies. CEO David Reichman emphasized efforts to enhance shareholder participation in crypto markets.