New York, NY, Oct. 30, 2022 (GLOBE NEWSWIRE) — (GTII: OTCQB) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, introduced at present that it acquired an inquiry from FINRA concerning the chronology of occasions main as much as its current announcement, on September 27, 2022, to decrease the strike value for its excellent Warrants, distributed final yr. GTII determined towards reducing the worth three days later after it grew to become obvious that its perceived worth to its shareholders was incorrect and that the brand new strike value, which may limit new shares for one more six months, is likely to be punitive to them. GTII acquired discover of the inquiry from FINRA, by way of an electronic mail to the Chairman, Mr. David Reichman, on October 20, 2022. The Company labored diligently to reply the inquiry in a well timed method and was capable of full the add of data on Friday, October 28, 2022.
The Company additionally needed to tell its shareholders that Wildfire Media Corp (“Wildfire”) has retained UHY Advisors, LLP, a PCAOB auditing agency primarily based in Sterling Heights MI, to begin the required two-year PCAOB audit. The audit is a due diligence closing situation for the acquisition of 1-800-Law-Firm (“1-800”) to maneuver ahead. Wildfire hopes to be completed earlier than the tip of the yr.
Ray Bonkowski, Chief Operating Officer of 1-800-Law-Firm (“1-800”) said, ‘We are almost finished with the updates and adjustments required for the audit to be completed in good order. 1-800 has been on the move this fall, attending the Mass Torts Made Perfect Conference in October, one of the biggest such conferences in our industry, where we met with our existing client base as well as several new prospects and potential clients. We came back ready to finalize our 2023 budget, as we updated our current agreements and brought home a number of new ones. We are beginning to work on our conference schedule for 2023 and believe we are well positioned to have our most successful year yet’.
About GTII: GTII is a publicly traded Company included within the state of Nevada, specializing within the pursuit of buying new and modern applied sciences. Visit GTII right here https://gtii-us.com/.
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Harbor Forward-Looking Statements:
This press launch could include ahead wanting statements which might be primarily based on present expectations, forecasts, and assumptions that contain dangers in addition to uncertainties that would trigger precise outcomes and outcomes to vary materially from these anticipated or anticipated, together with statements associated to the quantity and timing of anticipated revenues associated to our monetary efficiency, anticipated revenue, distributions, and future development for upcoming quarterly and annual durations. These dangers and uncertainties are additional outlined in filings and studies by the Company with the U.S. Securities and Exchange Commission (SEC). Actual outcomes and the timing of sure occasions may differ materially from these projected in or contemplated by the forward-looking statements resulting from plenty of components detailed on occasion in our filings with the SEC. Among different issues, the Company could not be capable to maintain development or obtain profitability primarily based upon many components together with however not restricted to the chance that we won’t be able to search out and purchase companies and property that may allow us to grow to be worthwhile. Reference is hereby made to cautionary statements set forth within the Company’s most up-to-date SEC filings. We have incurred and can proceed to incur vital bills in our growth stage, noting that there isn’t any assurance that we are going to generate sufficient revenues to offset these prices in each the close to and long run. New strains of business could expose us to further authorized and regulatory prices and unknown publicity(s), the affect of which can’t be predicted right now.
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Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
[email protected]
