GlobeNewswire Inc | Apr 9, 2021 12:47PM EDT

April 09, 2021

New York, NY, April 09, 2021 (GLOBE NEWSWIRE) -- (GTII:OTCQB) Global Tech Industries Group, Inc. (GTII or theCompany), www.gtii-us.com, a Nevada corporation announced todaythat it has entered into an agreement with Alt 5 Sigma, Inc., www.alt5sigma.com to provide the Company with a blockchain-based digital assets platform (Alt 5 Digital Assets Platform).

Under the terms of the agreement the Company will license the Alt 5 Digital Assets Platform on a white-label basis, which will enable the Company to brand the platform and utilize Alt 5 Sigmas services to customize the platform, so as to meet the needs of the Companys tokenization plans. The Company intends to use the Alt 5 Digital Assets Platform as the backbone for its planned fine arts tokenization strategy, currently being developed with Ronald Cavalier. It will also be evaluating its suitability for distributing digital assets its shareholders.

David Reichman, CEO of GTII, commented We are very excited to be partnering with Alt 5 Sigma in connection with the planned roll-out of our digital assets platform. The flexibility of their platform and their technical expertise should enable us to deploy our platform on an expedited basis. This is especially important as we move forward simultaneously with Ronald Cavalier's efforts to develop the Companys fine art tokenization strategy.

In the process of their discussions, the companies also found there to be various other partnership opportunities, and going forward, they will be considering strategic plans aimed at maximizing value for GTIIs shareholders and accelerating the markets awareness and utilization of the Alt5 blockchain technology suite.

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.

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