Business
Global Tech Industries Group, Inc’s. Executes a Letter of Intent with Wildfire Media Corp.
Global Tech Industries Group, Inc’s. Executes a Letter of Intent with Wildfire Media Corp..
About this update from Global Tech Industries Group, Inc.
[{"type":"text","content":"\n New York, NY, March 10, 2022 (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 signed a non-binding Letter of Intent (“LOI”) with Wildfire Media Corp. (“Wildfire Media”), a legal marketing company in the business of supporting law firms with client acquisition research, data-driven marketing, media planning and analysis and client retention services. A definitive purchase agreement is anticipated within 90 days. Wildfire Media licenses the 1-800-LAW-FIRM brand to a national network of law firms committed to protecting the rights of clients in areas as diverse as consumer protection, environmental hazards, civil rights, and criminal defense among other areas. The expectation is for GTII to acquire a 100% interest in Wildfire Media Corp for a yet-to-be-determined number of the Company’s common shares, and subject to a verification of assets, and liabilities, as well as a PCAOB-compliant audit of Wildfire Media Corp books for the calendar years ending December 31, 2021 and December 31, 2020, as well as other mutual due diligence, and a proposed business plan with its related budget in a form sufficient to GTII. David Reichman, GTII’s Chief Executive Officer, stated \"When we see an opportunity to partner with an organization in the business of expanding access to legal advice and support, the GTII team will attempt to move quickly every time. We are excited to start the due diligence process with Wildfire Media, as they have indicated an understanding of the ability, knowledge and public access that GTII can provide them to continue with their growth strategy.\" Ari Kresch, Wildfire Media Corp. Founder, said “Combining the significant growth potential of our national brands, like 1-800-LAW-FIRM, with a business that embraces innovative technologies like GTII is a natural next step in the evolution of our Legal Support Organization (LSO). Our focus on A.I. enabled marketing, data and technology solutions, and scale could allow us to leverage our customer base and brands that Wildfire Media has established over three decades. We look forward to closing a mutually accretive acquisition and a new future together.” Founded in 1996, Wildf...