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Global Tech Industries Group, Inc. Announces Update Regarding Non-Fungible Tokenization Efforts
Global Tech Industries Group, Inc. Announces Update Regarding Non-Fungible Tokenization Efforts.
About this update from Global Tech Industries Group, Inc.
[{"type":"text","content":"\n New York, NY, April 08, 2021 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation announced today an update regarding its non-fungible tokenization efforts. As indicated in the Company's press release yesterday regarding Ronald Cavalier's retention as an independent contractor, Mr. Cavalier will help the Company develop a potential strategy for fine art, and other assets that may be appropriate for tokenization. While working with Mr. Cavalier in these efforts, the Company is evaluating certain vendors that offer platforms and other services required in connection with its tokenization efforts. The Company will also assess whether it can use such platforms to issue digital asset dividends to its shareholders, which would enable shareholders to participate more directly in the Company's tokenization efforts. 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 factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cau...