Business
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Weeks Ended September 3rd and 10th, 2022
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Weeks Ended September 3rd and 10th, 2022.
About this update from Ggtoor Inc.
[{"type":"text","content":"\n THOMASVILLE, GA, Sept. 13, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – GGTOOR, Inc., (OTCMKTS:GTOR) (“GGTOOR, Inc.,”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, announces it has updates on two of the purchase commitments for its Metaverse plot sales. First, Nerdland has requested a fifteen day extension which was allowed as part of the original purchase agreement. GGToor is extremely confident Nerdland will complete its financing in the coming days and a successful final closing will take place on or before the end of September. BITM Inc., Ballin’ In The Metaverse, headed by famed RJ White, has several funding options but has requested a 45-day extension as it is restructuring its management team to accommodate its plans which have greatly expanded since signing its original commitment to purchase a plot in GGTOORCITY. GGToor management is in negotiations with BITM and is considering playing a drastically expanded role in BITM which GGToor management believes could become a billion dollar revenue business in the noticeably short term. Final closing date is now scheduled on or before October 31, 2022. Management will update shareholders on the expanded role it may enjoy with BITM in the coming weeks. GGToor Inc. CEO John V Whitman Jr. had this to say, “Our Metaverse expected closings, although extended, are unexpectedly celebrated because financing has been swift and efficient for both Companies and because of the expanded business models of both Companies, expanding business models will result in additional millions of visitors GGTOORCITY. Their expanded business plans will make the few days of delayed closings well worth the short extensions. I would also like to thank the over 300 shareholders who took time to write to me offering condolences over the loss of my dear mother-in-law, Josephine Britt. She was a remarkable lady whom I dearly loved and will miss.” Week of September 3rd Since the beginning of the year, the Company has been posting spectacular numbers, and looking at GGToor history so far, the Company’s average registration acquisition cost for each event is well under our initial estimates of $5.00 per person and has actually cost an average of $1.90 per each event’s player registration, that’s more than 60% l...