Mr. Michael Valle, a member of the board of directors of Global Tech Industries Group, Inc. (the “Company”), passed away unexpectedly on, September 5, 2022, from natural causes after recent heart surgery in July as he never fully recovered from post operative complications. The Company, whose corporate by-laws require a minimum of five board members, has commenced the search process. Mr. Valle was the first person that Mr. Reichman requested to join the board of directors after Mr. Reichman took control of the company and chairmanship of the board of directors in 2004.

Mr. Valle served on the board from 2004 until 2011, when he took a leave of absence of five years for personal reasons and rejoined the board in 2016. Mr. Valle's professional background was primarily in the financial services industries. In 1982, he joined Drexel, Burham & Lambert and was named Vice President after working there for three years.

He was appointed Vice President of Investments for Dean Witter in 1990, and he later held the same position at Paine Webber. He later went on to do institutional sales at Morgan Stanley. In 2012, after a twenty-year career on Wall Street he worked for Mercedes Benz of Paramus.

Currently Mr. Valle worked at Better Way Mortgages as a Mortgage Banker. Mr. Valle graduated from William Patterson University in 1978, with a degree in Economics.