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GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES THE FORMATION OF A NEW SUBSIDIARY CORPORATION, GLOBAL TECH HEALTH, INC.
GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES THE FORMATION OF A NEW SUBSIDIARY CORPORATION, GLOBAL TECH HEALTH, INC..
About this update from Global Tech Industries Group, Inc.
[{"type":"text","content":"\n New York, NY, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it has formed a new subsidiary corporation, Global Tech Health, Inc., in the state of Nevada with the Secretary of State, on September 3, 2021. The new corporation was formed, in keeping with the particulars of GTII’s binding agreement with We SuperGreen Energy Corp, (“WSGE”), primarily to separate the various healthcare and eyecare subsidiaries and/or acquisition targets into their own operating group. David Reichman, CEO of GTII, commented, “We decided to move quickly to form this first of what may turn out to be several subsidiaries in order to pursue the more industry specific strategy that we’ve spoken of before. We chose the health services portfolio of businesses to start with as those businesses have been operating for several years and have reached a maturity that should allow them to operate more independently from us as the parent company. ” 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 could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many fact...