GlobeNewswire Inc | Apr 18, 2021 08:00AM EDT

April 18, 2021

New York, NY, April 18, 2021 (GLOBE NEWSWIRE) -- (GTIIOTCQB) Global Tech Industries Group, Inc. (OTCQB: GTII) (GTII or theCompany), www.gtii-us.com, a Nevada corporation, announced todayan update regarding its warrant distribution.

The Company has completed the Warrant distribution through DTCC to all brokers of record who hold common shares of GTII stock for their clients. GTII would like to clarify that all warrants have been delivered and are in shareholders accounts, as applicable.

Shareholders can reregister their shares at no cost with the transfer agent of record, Liberty Stock Transfer, Inc., by following the steps below:

-- If you held your common stock in street name as of the record date of April 1, 2021, and your Warrants have been allocated to your account by your bank or broker, you nevertheless maintain the right to move your Warrants to direct registration with the Companys transfer agent by making such request directly to your bank or broker.

-- To assist you in this process, if you make such an election, the Company has posted on its website a Shareholder Request to Bank/Broker form that you may use, which may help expedite the process. http://gtii-us.com/wp-content/uploads/2021/04/2021-Warrant-Exercise-Form.pdf

-- If you decide to use this form, please remember to email a copy of the completed form to the Companys transfer agent via email, simultaneous with the transmission to your bank/broker, as instructed on the form.

Inquiries from shareholders or participants regarding the Warrant distribution can also be directed as follows, either to Liberty Stock Transfer, Inc. at:

info@libertystocktransfer.com

Or to Alliance Advisors, Inc., GTIIs Information Services Company, at:

Email: GTII@allianceadvisors.comTel: 855.200.8651

About Global Tech Industries Group, Inc.: GTII, a Nevada corporation, 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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