GlobeNewswire Inc | Mar 10, 2021 09:15AM EST

March 10, 2021

New York, March 10, 2021 (GLOBE NEWSWIRE) -- (GTIIOTCQB) Global Tech Industries Group, Inc. (GTII or the Company),www.gtii-us.com announced today that its Board of Directors has authorized the Companys Chief Executive Officer to evaluate the feasibility of declaring a dividend (or other distribution) to holders of the Companys common stock, in the form of warrants to purchase shares of its common stock for cash. The purpose of this corporate action would be to return a portion of the Companys future value to the stockholders in a manner that gives all stockholders the opportunity to participate in the Companys potential future growth.

GTII intends to evaluate the feasibility of such a corporate action and report its evaluations back to the Board of Directors, including a proposed structure for the corporate action, as well as a proposed record date, exercise price and terms for a warrant agreement. The final terms of any such corporate action would be subject to the approval of the Board of Directors.

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 StatementsThis 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 assetsthat 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.

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