New York, NY, June 17, 2022 (GLOBE NEWSWIRE) — While Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, maintains its position that there is a naked short serious, unresolved and ongoing issue with its common stock, recent posts on various social media platforms have suggested that the issue is, at least in part, due to the actions of Mr. Curt Kramer, Mr. Seth Kramer, their company , Power Up Lending Group, and their related parties, including Geneva Roth Remark Holdings. At this time, the Company has no specific evidence of any particular broker, bank, institution or individual, including Mr. Curt Kramer, Mr. Seth Kramer, Power Up Lending Group or Geneva Roth Remark Holdings undertaking such activity, but will continue to take steps to combat any illegal trading or short selling of its shares whenever it occurs.
David Reichman, Chairman and CEO, said: “GTII does not disclose information on social media platforms. We advise our shareholders to rely directly on our filings, disclosures, press releases and website updates. The Company has had no relationship with Mr. Kramer or Power Up, except for a convertible debenture agreement, which the Company entered into with Geneva Roth Remark Holdings on November 27, 2020, and then paid in full, in cash, before maturity, and had the reserved stock released by Mr. Kramer on March 1, 2021.”
The Company continues to recommend that its shareholders rely only on information published on GTII’s official website, www.gtii-us.com, as well as its own published information, in the form of documents filed with the SEC. , disclosures and press releases, when gathering information about the Company, its current activities, its capitalization and its future plans.
AAbout Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the State of Nevada, specializing in pursuing the acquisition of new and innovative technologies. Visit GTII here https://gtii-us.com/.
Please follow our company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/
Safe Harbor Forward-Looking Statements:
This press release may contain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results and outcomes to differ materially from those anticipated or expected, including statements relating the amount and timing of expected income related to our financial performance, expected income, distributions and future growth for the upcoming quarterly and annual periods. These risks and uncertainties are further defined in the Company’s filings and reports with the United States Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected or contemplated by 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 maintain its growth or achieve profitability due to numerous factors, including, but not limited to, the risk that we may not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to the cautionary statements set forth in the Company’s most recent filings with the SEC. We have incurred and will continue to incur significant expenditures in our development phase, noting that there is no guarantee that we will generate enough revenue to offset these costs in the short and long term. New lines of business may expose us to additional legal and regulatory costs and one or more unknown exposures, the impact of which cannot be predicted at this time.
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Global Technology Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011