Business
GLOBAL TECH INDUSTRIES GROUP, INC., AND JABBER TELECOM, INC. EXECUTE NONBINDING LETTER OF INTENT
GLOBAL TECH INDUSTRIES GROUP, INC., AND JABBER TELECOM, INC. EXECUTE NONBINDING LETTER OF INTENT.
About this update from Global Tech Industries Group, Inc.
[{"type":"text","content":"\n New York, New York, March 08, 2021 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “the Company”), www.gtii-us.com, a Nevada Corporation, having determined that the rise of telemedicine during the past twelve months signals its arrival as an emerging industry, and with its focus on acquiring new and innovative technologies in diverse industries, has signed a non-binding Letter of Intent (“LOI”) with Jabber Telecom, Inc. (”JT”), www.jabbertel.com a Florida corporation engaged in the business of providing HIPAA-compliant integrated business applications, telecommunication collaborations, audio and video conferencing, cloud phone systems. A definitive stock purchase agreement and formal closing are expected within the next sixty days. GTII’s Chief Executive Officer, Mr. David Reichman stated, “GTII is always on the lookout for companies that have top-notch personnel, aggressive business plans, and an eye toward the future in their respective industries. Jabber Telecom fits our acquisition model in no uncertain terms. We look forward to working with them to support their goals, promote their HIPAA-compliant product, as well as other services, and give them the opportunity to take the company to the next level.” JT’S Chief Executive Officer, Yovani Linares, added, “Jabbertel offers a suite of telecommunication services, such as Jabbertel Office, Jabbertel Meetings and Jabbertel Teams, which can be bundled together as one, integrated service, or offered individually to target start-up companies whose needs can change quickly, as they develop their own products and services. Joining the GTII team could afford us the opportunity to raise both capital and awareness for our company and allow us to execute our business plan and expand our telecommunications footprint.” About Global Tech Industries Group, Inc.: GTII, a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Please follow our company at: www.otcmarkets.com/stock/GTII Safe Harbor Forward-Looking Statements:This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that...