The 200 day M/A is $1.39 with 222,110 average daily share
volume . We presently are sitting at that level and we
expect a BREAKOUT to the upside momentarily
.
New York, NY, March 10, 2022 (GLOBE NEWSWIRE) -- Global
Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or
the “Company”), www.gtii-us.com ,
a Nevada corporation, announced today that it has signed
a non-binding Letter of Intent (“LOI”) with Wildfire
Media Corp. (“Wildfire Media”), a legal marketing
company in the business of supporting law firms with
client acquisition research, data-driven marketing,
media planning and analysis and client retention
services. A definitive purchase agreement is anticipated
within 90 days.
Wildfire Media licenses the 1-800-LAW-FIRM brand to a
national network of law firms committed to protecting
the rights of clients in areas as diverse as consumer
protection, environmental hazards, civil rights, and
criminal defense among other areas. The expectation is
for GTII to acquire a 100% interest in Wildfire Media
Corp for a yet-to-be-determined number of the Company’s
common shares, and subject to a verification of assets,
and liabilities, as well as a PCAOB-compliant audit of
Wildfire Media Corp books for the calendar years ending
December 31, 2021 and December 31, 2020, as well as
other mutual due diligence, and a proposed business plan
with its related budget in a form sufficient to GTII.
David Reichman, GTII’s Chief Executive Officer, stated
"When we see an opportunity to partner with an
organization in the business of expanding access to
legal advice and support, the GTII team will attempt to
move quickly every time. We are excited to start the due
diligence process with Wildfire Media, as they have
indicated an understanding of the ability, knowledge and
public access that GTII can provide them to continue
with their growth strategy."
Ari Kresch , Wildfire Media
Corp. Founder , said “Combining
the significant growth potential of our national brands,
like 1-800-LAW-FIRM, with a business that embraces
innovative technologies like GTII is a natural next step
in the evolution of our Legal Support Organization
(LSO). Our focus on A.I. enabled marketing, data and
technology solutions, and scale could allow us to
leverage our customer base and brands that Wildfire
Media has established over three decades. We look
forward to closing a mutually accretive acquisition and
a new future together.”
Founded in 1996, Wildfire Media provides
performance-based marketing and technology solutions
that enable law firms to concentrate on what they do
best. Wildfire Media is establishing a Legal Support
Organization (LSO) so that law firms are equipped to
combine advances in the latest technologies along with
best operational practices, both provided by our LSO.
A bout 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. Visit GTII here https://gtii-us.com/ .
Pease follow our Company at: www.otcmarkets.com/stock/GTII or
at https://gtii-us.com/
Safe Harbor Forward-Looking Statements :
This 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 assets that
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
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business may expose us to additional legal and
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