New York, NY, October 2, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that management, after an additional market study and input from its legal team, has decided that it is in the best interest of the Company’s shareholders to maintain the original price of exercise of the warrants it distributed last year (the “Warrants”). Such decision was made because the common stock underlying the Warrants was registered with the Securities and Exchange Commission (the “SEC”) in a registration statement on Form S-1 (the “S-1”) that was declared effective on August 26. 2021 with a strike price of $2.75. A change in that exercise price would require an amendment to the S-1, which could result in shares of common stock issued pursuant to a new exercise price not being registered at the time of issuance. As the distribution of warrants was originally created to reward loyal shareholders and allow them to trade the registered shares of common stock underlying the warrants, the change in the exercise price has been abandoned and the warrants will remain at the registered price for resale by the designated seller. shareholders of S-1. Therefore, these stockholders may exercise their Warrants at the initial exercise price and receive shares of common stock registered for resale on the S-1 by contacting Liberty Stock Transfer, Inc. (“Liberty”), the Company’s transfer agent.

Contact Liberty Stock Transfer, Inc. (“Liberty”) for more information at the following address: Gtiiwarrants@libertystocktransfer.com,

AAbout 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. Visit GTII here https://gtii-us.com/.

Follow our company at: www.otcmarkets.com/stock/GTII or https://gtii-us.com/

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 and uncertainties that could cause actual results and outcomes to differ materially from those projected or expected, including statements related to amount and timing. of expected earnings related to our financial performance, expected earnings, distributions and future growth for future quarterly and annual periods. These risks and uncertainties are further defined in the company’s filings and reports with the United States Securities and Exchange Commission (SEC). Actual results and the timing of certain events may differ materially from those projected or contemplated in the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other things, the Company may not be able to sustain growth or achieve profitability depending on many factors, including, but not limited to, the risk that we may not be able to find and acquire businesses and assets that enable us to be profitable. Reference is hereby made to the cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, given that there is no assurance that we will generate sufficient revenue to offset those costs in either the short or long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposures, the impact of which cannot be predicted at this time.

Words such as “estimate,” “project,” “predict,” “will,” “should,” “could,” “could,” “could,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “goal,” “goal,” “goal,” “likely” or similar expressions that convey the forward-looking nature of events or results generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless required by law, we undertake no obligation to update, modify or withdraw forward-looking statements as a result of new information, future events or otherwise.

Global Tech Industries Group, Inc.s
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com



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