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GLOBAL TECH INDUSTRIES GROUP, INC.’S REGISTRATION STATEMENT ON FORM S-1 DEEMED EFFECTIVE BY THE SEC, IMPROVEMENTS ARE MADE ON BEYONDBLOCKCHAIN.US APP, AND THE BOARD DETERMINES TO FURTHER REDUCE DEBT
GLOBAL TECH INDUSTRIES GROUP, INC.’S REGISTRATION STATEMENT ON FORM S-1 DEEMED EFFECTIVE BY THE SEC, IMPROVEMENTS ARE MADE ON BEYONDBLOCKCHAIN.US APP, AND THE BOARD DETERMINES TO FURTHER REDUCE DEBT.
About this update from Global Tech Industries Group, Inc.
[{"type":"text","content":"\n New York, Aug. 27, 2021 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “the Company”), www.gtii-us.com, a Nevada Corporation, announced today that it has been informed by the SEC that its registration statement on Form S-1, registering the shares of common stock underlying the Company’s recently distributed warrants, has been declared effective. Therefore, all shares underlying such warrants are registered for resale following exercise. Furthermore, the Company’s trading platform, BeyondBlockchain.us, added several crypto currencies to its roster of currencies that are available for its users to trade, which are also featured on the newly-released mobile app. Finally, the Company’s board of directors has authorized management to continue its efforts at retiring long-term debt, which has already been reduced by more than three million dollars since 2020. Shareholders can reference current public filings by the company for more information. GTII's Chief Executive Officer, Mr. David Reichman, stated \"First, we are excited to inform our shareholders who received warrants that the SEC has declared our registration statement, related to the shares of common stock underlying the warrants, effective. In addition, the Company is continuing its commitment to retire as much long-term debt as it possibly can. The Board's decision continues that trend. And our progress made on the BeyondBlockchain.us platform and the associated mobile app, continues to exceed all expectations.\" About Global Tech Industries Group, Inc.: GTII is 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 a...