Global Tech Industries Group, Inc. Requests Review of Market Making Activity

Global Technology Industries Group, Inc.

New York, NY, June 23, 2022 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.coma Nevada company, today announced that it has written to market makers asking them to review their market making activity in GTII shares.

In particular, we have informed them of our concerns about general market making activity in GTII shares, as it appears that some market makers have not published regular or continuous proprietary quotes which are at the or close to the market on both sides and which are communicated and represented in a way that makes them widely accessible to investors and other dealers. Where market makers fail to meet this requirement, as well as other applicable requirements, this may call into question whether they are engaging in “good faith market making” and may avail themselves of any exemptions. of “location” granted to bona fide market makers when executing short sales.

The Company expects each market maker to promptly comply with the request to ensure an orderly market for GTII’s shares.

About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the State of Nevada, specializing in pursuing the acquisition of new and innovative technologies. Visit GTII here https://gtii-us.com/.

Please follow our business on: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/

Safe Harbor Forward-Looking Statements:
This press release may contain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results and outcomes to differ materially from those anticipated or expected, including statements relating the amount and timing of expected income related to our financial performance, expected income, distributions and future growth for the upcoming 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 could differ materially from those projected or contemplated by 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 maintain its growth or achieve profitability due to numerous factors, including, but not limited to, the risk that we may not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to the cautionary statements set forth in the Company’s most recent filings with the SEC. We have incurred and will continue to incur significant expenditures in our development phase, noting that there is no guarantee that we will generate enough revenue to offset these costs in the short and long term. New lines of business may expose us to additional legal and regulatory costs and one or more unknown exposures, the impact of which cannot be predicted at this time.

Words such as “estimate”, “project”, “predict”, “will”, “should”, “should”, “could”, “could”, “could”, “anticipate”, “plan”, “have intention”, “believe”, “expect”, “aim”, “aim”, “target”, “objective”, “probable” 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 the date of this press release. Except as required by law, we undertake no obligation to update, modify or withdraw any forward-looking statements, whether as a result of new information, future events or otherwise.

Global Technology Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
[email protected]

About Arla Lacy

Check Also

Ascendis Stock: Institutional Buy Values ​​ASND Best-Now Cap-Gain Prospect

Pgiam/iStock via Getty Images Investment theme The most important portfolio goal for most investors is …