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New York, New York, August 08, 2022 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. Digital dividend for shareholders. FINRA determined that the company’s action was flawed because the Depository Trust & Clearing Corporation (DTCC) failed to process a digital dividend to GTII shareholders who held shares in CEDE & Co, a significant percentage of its shareholders.
To maintain its commitment to reward its loyal shareholders and distribute dividends, the company is now in active negotiations with a digital securities firm, which may offer it the ability to distribute digital dividends and fractional shares to all GTII shareholders. In the meantime, the Company urges the Company to continue sending its stockholder request forms to the Company’s distributor, Liberty Stock Transfer Inc. (“Liberty”). The forms and instructions have been published by the Company, are available on the Company’s website at www.gtii-us.com and have been mailed to all shareholders.
David Ryman, Chairman & CEO announced“Needless to say, we are disappointed in FINRA’s decision, but we will continue to actively pursue other mechanisms and partnerships to ensure that our shareholders are rewarded for their loyalty and patience.”
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 and that involve risks and uncertainties, and that actual results and outcomes may differ materially from those anticipated or anticipated, including statements as to amount and timing. relating to our financial performance, expected earnings, distribution and expected earnings for future quarterly and annual periods. These risks and uncertainties are further discussed 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 many factors, including the risk that we will be unable 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 development. 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.
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Global Tech Industries Group, Inc.
511 Sixth Ave., Suite 800
New York, NY 10011
Info@gtii-us.com
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