Global Tech Industries - GTII stock
Introduction[edit]
Global Tech (OTC: GTII) creates the conditions and creates resources needed to promote innovation and expansion in new industries worldwide. The company seeks new partners and helps them to bring their business strategies to life by working in a variety of different industry areas.[1]
Company Operations[edit]
GTII'S Digital Art Platform[edit]
To buy great art and other collectables that will eventually be tokenized and distributed to its shareholders as Tokenized value dividends, GTII is enacting a digital platform created with Alt5 Sigma. This project represents a novel and ground-breaking approach to providing value to GTII shareholders and sharing ownership of fine art and collectables through non-fungible tokens.[1]
Purchase of the Picasso by GTII[edit]
In April 2021, GTII hired Ronald Cavalier as an expert consultant in the selection and acquisition of fine art for the development of a digital platform. Cavalier Galleries Inc. is a group of four art galleries with locations in Greenwich, Connecticut, New York City, Nantucket Island, and Palm Beach, Florida. A Picasso original was purchased at a Phillips Auction House in New York City thanks to Mr Cavalier's orchestration.[2]
Four Nude Women and a Statue were painted in 1934 on Montval layered paper and published by A. Vollard in Paris in 1939. It is numbered "347" in the Henri Petiet inventory system's lower left corner and signed in pencil from edition 260. The lower right corner bears Picasso's signature. The foundation of GTII's digital platform for fine art and collectables will be laid by this acquisition, which is just the first of many that may come. The decision to purchase such a renowned and priceless work of art is evidence of GTII's dedication to the project involving the digital platform.[2]
GTII is collaborating with Alt5 Sigma, a New York City-based provider of trading, exchange, and custodian services for digital assets, to build and launch the platform that will enable investors and the general public to create "digital wallets" to invest in fine art and collectables using non-fungible tokens. Alt5 Sigma is working on tokenizing the recently acquired Picasso and has already begun customizing GTII's digital platform to the demands of the Company.[2]
Gold Transactions International, Inc.[edit]
In March 2021, the two businesses entered into an agreement under which Gold Transactions International, Inc. (hereinafter referred to as "GTI") would join GTII's portfolio of companies through a common stock exchange. GTI purchases gold from small-scale miners all over the world using a private network and transports it to the DMCC, a free trade zone in Dubai, where it is assayed, refined, and sold. GTI has access to small gold operations in areas that are within reasonable shipping distance of Dubai, thanks to this private network of security companies and gold buyers. Members of the DMCC include GTI's private network entities, giving them access to numerous refineries and safe gold vaults. One-fourth of the world's gold supply is traded and processed by the DMCC.[3]
Products and Services[edit]
GTII is involved in the acquisition of enterprises in emerging industries. To specify the terms of the acquisition, GTII and Classroom Salon ("C.S.") signed a Letter of Intent on October 5, 2021. C.S. integrates various learning systems with interfaces, procedures, and algorithms. GTII and AT GEKKO PR, LLC ("GEKKO"), which owns all of the interests in Classroom Salon Holdings, LLC, entered into a Purchase Agreement on December 18, 2021. As a result of GEKKO's transfer of ownership to GTII, C.S. Holdings is now a wholly-owned subsidiary of GTII. 100% of C.S. was acquired by C.S. Holdings on January 18, 2022. C.S. Holdings finished its two-year PCAOB audit on February 25, 2022. The Stock Purchase Agreement between GTII and Trento Resources and Energy Corp. ("Trento"), which will result in Trento becoming a wholly-owned subsidiary of GTII, was signed on November 9, 2021. To acquire the debts and assets of 1-800-Law-Firm, PLLC, GTII and Wildfire Media Corp. ("Wildfire") signed a Letter of Intent on March 9, 2022. The acquisition price and other terms were outlined in a Term Sheet that GTII and Wildfire signed on May 25, 2022. 100% of C.S. was acquired by C.S. Holdings on January 18, 2022. C.S. Holdings finished its two-year PCAOB audit on February 25, 2022. The Stock Purchase Agreement between GTII and Trento Resources and Energy Corp. ("Trento"), which will result in Trento becoming a wholly-owned subsidiary of GTII, was signed on November 9, 2021. To acquire the debts and assets of 1-800-Law-Firm, PLLC, GTII and Wildfire Media Corp. ("Wildfire") signed a Letter of Intent on March 9, 2022. The acquisition price and other terms were outlined in a Term Sheet that GTII and Wildfire signed on May 25, 2022.[4]
Recent News[edit]
Global Tech Industries Group, Inc. ("GTI" or the "Company") (www.gtii-us.com) announced on November 30 that the Board of Directors has approved to negotiate service agreements with The Christian and Levine. He announced that he had instructed management. Law Group and Warshaw Burstein, LLP review the trading history of our common stock over the past two years.
The company thinks its common stock may have been the subject of a naked short sale as part of a market manipulation scheme. These two firms have successfully sued broker-dealers, market-makers, hedge funds, and asset-based lenders who have taken part in such market manipulation schemes over the course of the last 22 years, according to a number of publicly available sources, and have accumulated millions of dollars in damages on behalf of their clients.[5]
Management Team[edit]
Company Officers[edit]
David Reichman – CEO[edit]
For fifteen years, Mr Reichman has served as CEO of Global Tech Industries Group, Inc. Prior to that, Mr Reichman ran a business management and tax law consulting firm. He holds an Internal Revenue Service and U.S. Treasury license. Mr Reichman also served as co-general partner and tax matters partner for Harrison Re-cycling Associates, which ran the first non-biodegradable Styrofoam and Styrene plastic recycling facility in North America. Mr Reichman previously held a number of jobs, including Manager of Budget and Cost, with The American Express Company. While employed by American Express and collaborating with Control Data Corporation, He has developed a flexible budgeting system for the administrative control of international operations and the use of time-sharing computer technology. Mr Reichmann received education in economics and the philosophy of science at the University of Pennsylvania's Wharton School and the IBM Systems Scientific Institute. He also holds an MBA from Northeastern University through the Harvard Case Study Program. Mr Reichmann resides in the Big Apple.[6]
Kathy M. Griffin – President[edit]
Having worked for the Global Tech Industries Group for eight years, Kathy M. Griffin, President of Global Tech Industries Group, Inc., is additionally a director on the board. Mrs Griffin formerly held positions in marketing, sales, new business development, and general company management. From December 1977 to December 1990, she worked at Superior Brands, Inc., where she held a variety of positions, including international marketing manager.[6]
She was in charge of successfully launching and carrying out Superior Brands, Inc.'s first worldwide joint venture. Between January 2006 and February 2009, she worked as an executive in the New Business Development Group at Specialized Technology Resources, Inc., a global provider of the supply chain, corporate social responsibility, and consulting services. From 1993 to 2004, she also managed Koning US, Inc., a consumer products marketing firm. . John McCormick's Graduate School of Policy and Global Studies.[6]
- ↑ OTC Markets. GTII Stock Profile. Retrieved on 12/5/2022.
- ↑ 2.0 2.1 2.2 GTII-US.com. Non Fungible Tonkenization. Retrieved on 12/5/2022.
- ↑ GTII-US.com. Gold Transactions. Retrieved on 12/5/2022.
- ↑ OTC Markets. GTII Stock Profile. Retrieved on 12/5/2022.
- ↑ Globe Newswire. Global Tech Industries Group, Inc. retains Christian Levine Law Group to investigate possible naked short selling. November 30, 2022.
- ↑ 6.0 6.1 6.2 GTII-US.com. GTII Company Officers. Retrieved on 12/5/2022.
OTC Symbol: GTII | OTC Tier: Pink Current
