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Global Tech Industries Group, Inc. Announces Agreement with Alt 5 Sigma, Inc. to Provide Digital Assets Platform

04/09/2021 | 12:48pm EDT

New York, NY, April 09, 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 entered into an agreement with Alt 5 Sigma, Inc., www.alt5sigma.com to provide the Company with a blockchain-based digital assets platform (“Alt 5 Digital Assets Platform”).

Under the terms of the agreement the Company will license the Alt 5 Digital Assets Platform on a white-label basis, which will enable the Company to brand the platform and utilize Alt 5 Sigma’s services to customize the platform, so as to meet the needs of the Company’s tokenization plans. The Company intends to use the Alt 5 Digital Assets Platform as the backbone for its planned fine arts tokenization strategy, currently being developed with Ronald Cavalier. It will also be evaluating its suitability for distributing digital assets its shareholders.

David Reichman, CEO of GTII, commented “We are very excited to be partnering with Alt 5 Sigma in connection with the planned roll-out of our digital assets platform. The flexibility of their platform and their technical expertise should enable us to deploy our platform on an expedited basis. This is especially important as we move forward simultaneously with Ronald Cavalier's efforts to develop the Company’s fine art tokenization strategy.”

In the process of their discussions, the companies also found there to be various other partnership opportunities, and going forward, they will be considering strategic plans aimed at maximizing value for GTII’s shareholders and accelerating the market’s awareness and utilization of the Alt5 blockchain technology suite.

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 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.

Blaine Riley – br@intlmonetary.com
International Monetary
620 Newport Center Drive, #1100
Newport Beach, CA 92660

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Financials (USD)
Sales 2020 0,01  - -
Net income 2020 -2,78 M - -
Net Debt 2020 1,02 M - -
P/E ratio 2020 -7,03x
Yield 2020 -
Capitalization 270 M 270 M -
EV / Sales 2019 -
EV / Sales 2020 2 479 451 765x
Nbr of Employees 2
Free-Float 71,9%
Duration : Period :
Global Tech Industries Group, Inc. Technical Analysis Chart | MarketScreener
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Managers and Directors
David I. Reichman Chairman, CEO, CFO & Principal Accounting Officer
Kathy M. Griffin President & Director
Michael Valle Independent Director
Frank Benintendo Vice Chairman & Secretary
Donald Harold Gilbert Director
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