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New York, New York, October 02, 2022 (GLOBE NEWSWIRE) — (GTIIOTCQB) Global Tech Industries Group, Inc. (“GTII” or “the Company”), www.gtii-us.com, announced today that management has decided to proceed with the Company’s shareholders after further market research and input from its legal team. Initial exercise price of securities (“Warrants”) issued during the previous year. Such decision was made because the common stock of the securities was registered with the Securities and Exchange Commission (“SEC”) in a registration statement on Form S-1 (“S-1”), which became effective on August 26. In the year In 2021, exercise costs $2.75. A change in that exercise price will require an amendment to the S-1, which may prevent the common shares issued under the new exercise price from being registered at the time of issuance. Because the warrant distribution was originally established to reward loyal stockholders and enable them to trade the common shares subscribed for under the warrants, the exercise price adjustment is excluded, and the warrants remain at their resale value. Shareholders in S-1. Accordingly, such stockholders are eligible to exercise their warrants at the initial exercise price and resell the shares of common stock registered in the S-1 through the Company’s transfer agent, Liberty Stock Transfer, Inc. (Liberty).
Please contact Liberty Stock Transfer, Inc. for more information at: Gtiiwarrants@libertystocktransfer.com;
AAbout Global Tech Industries Group, Inc.
GTII is a publicly traded company incorporated in the state of Nevada focused on the pursuit of new and innovative technologies. Visit GTII here https://gtii-us.com/
Please follow our company at www.otcmarkets.com/stock/GTII or 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, as well as uncertainties that involve risks, as well as assumptions that may cause actual results and outcomes to differ materially from those anticipated or anticipated, including statements as to amount and timing. Our financial performance, expected revenue, distribution and expected growth for future quarterly and annual periods. These risks and uncertainties are further described in the Company’s filings with the US Securities and Exchange Commission (SEC). Actual results and the timing of certain events may differ materially from those projected or implied in the forward-looking statements, due to a number of factors detailed from time to time in our filings with the SEC. Among other things, the Company may not be able to sustain growth or achieve profitability based on a number of factors, including the risk that we may not be able to acquire and acquire businesses and assets that enable us to be profitable. Reference may be made to the cautionary statements contained in the Company’s most recent SEC filings. Noting that there is no assurance that we will generate sufficient revenue to cover expenses in the near or long term, we have incurred and will incur significant expenses at our stage of growth. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot currently be predicted.
such as “estimate,” “project,” “predict,” “will,” “will,” “should,” “could,” “might,” “could,” “estimate,” “plan,” “think,” “believe,” “expect.” , “objective”, “goal”, “target”, “objective”, “may” or similar expressions generally refer to forward-looking statements of the future nature of events or results. You should not place undue reliance on forward-looking statements made solely in this press release. Unless legally required to do so, we undertake no obligation to update, revise or withdraw any forward-looking statements, whether as a result of new information, future events or otherwise.
Global Tech Industries Group, Inc.s
511 Sixth Ave., Suite 800
New York, NY 10011
Info@gtii-us.com
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