GlobeNewswire Inc | Apr 7, 2021 03:45PM EDT

April 07, 2021

New York, April 07, 2021 (GLOBE NEWSWIRE) -- (GTII OTCQB) Global Tech Industries Group, Inc. (GTII or the Company), www.gtii-us.com, a Nevada corporation, signed an Independent Contractor Agreement (ICA) with Ronald Cavalier. Mr. Cavalier founded Cavalier Galleries Inc. in Stamford, Ct. in 1986 www.cavaliergalleries.com., a group of four art galleries, with locations in Greenwich, CT, New York City, Nantucket Island, and Palm Beach, FL.

Under the terms of this independent Contractor Agreement, Mr. Cavalier will provide the Company with those services customarily provided by contractors in the business of fine arts, including but not limited to market research, performed in a workmanlike manner consistent with applicable industry standards and undertaken via traditional means, including internet, telephone and/or in-person research as needed. Applicable research and tokenization of non-fungible assets (NFTs), including but not limited to fine art and other services will continue to be explored, as in the original consulting agreement.

About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.

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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.

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