New York, NY, Dec. 09, 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 completed the application process for listing its shares on Upstream, a trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).
The potential listing on Upstream is part of a larger strategy being employed by the Company to broaden its reach into the global trading and investing community, and to provide the opportunity to access an international, digital-first investor base that can trade using USDC digital currency, along with credit, debit, PayPal, and USD, potentially unlocking liquidity and enhancing price discovery.
Commenting on the application process, David Reichman, Chairman & CEO of GTII, stated, “We believe that our side of the application process is now complete, and we look forward to hearing from Upstream. Along with other steps the Company has recently taken, we view this as a bold move toward creating more value for our shareholders and positioning GTII to participate in an entirely new liquidity stream.”
Approval to be listed on Upstream is subject to approval by MERJ. However, as an existing OTCQB company, GTII may be eligible for an expedited listing process.
About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the support and pursuit of new and innovative technologies, through acquisition and/or joint venture. Visit GTII here https://gtii-us.com/.
About Upstream: a MERJ Exchange Market (MERJ Exchange), is a fully regulated global stock exchange for digital securities and NFTs. Powered by Horizon's Ethereum-L2 matching engine technology, the platform enables users to trade NFTs, and invest in securities for IPOs, crowdfunded companies, U.S. & international equities, and celebrity ventures using the Upstream app. For more information, please visit https://upstream.exchange.
Pease follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/
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 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, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes 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 legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.’
This notice shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.
U.S. investors are not permitted to purchase Upstream listed securities. U.S. and Canadian citizens will only be able to trade in securities they currently own, that have been listed on Upstream, for liquidation purposes only.
Commemorative Dual Listing NFTs received have no economic value, royalties, equity ownership, or dividends. NFTs are for utility, collection, and display only.
Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011