Global Tech Industries Group, Inc. submits application for listing on Blockchain-powered securities exchange, upstream
New York, NY, December 9, 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 completed the application process for the listing of its shares on Upstream , a digital securities and NFTs trading app powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).
The potential listing on Upstream is part of a larger strategy being used by the company to expand its reach to the global trading and investment community, and to provide the opportunity to access an international, digital-first investor base that can trade with USDC digital currency, along with credit, debit, PayPal and USD, potentially unlocking liquidity and improving price discovery.
comments on the application process, David Reichman, Chairman and managing director i GTII, stated, “We believe our side of the application process is now complete and we look forward to hearing from Upstream. Along with other steps the company has taken recently, we see this as a bold move toward creating more value for our shareholders and position GTII to participate in an entirely new liquidity stream.”
Approval to be listed on Upstream is dependent on approval by MERJ. However, as an existing OTCQB company, GTII may be eligible for an expedited listing process.
About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the support and pursuit of new and innovative technologies, through acquisitions and/or joint ventures. Visit GTII here https://gtii-us.com/.
About Upstream: a MERJ Exchange Market (MERJ Exchange), is a fully regulated global exchange for digital securities and NFTs. Powered by Horizon’s Ethereum-L2 matching engine technology, the platform allows users to trade NFTs and invest in securities for IPOs, crowdfunded companies, US and international stocks and celebrity ventures using the Upstream app. For more information, please visit https://upstream.exchange.
Feel free to follow our company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/
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 may cause actual outcomes and results to differ materially from those anticipated or anticipated, including statements relating to amounts and timing. of expected revenues related to our financial results, expected income, distributions and future growth for future quarterly and annual periods. These risks and uncertainties are further defined in filings and reports from the company to the US Securities and Exchange Commission (SEC). Actual results and the timing of certain events may differ materially from those projected or contemplated in the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other things, the company may not be able to sustain growth or achieve profitability based on many factors, including, but not limited to, the risk that we will not be able to find and acquire businesses and assets that enable us to become profitable. Reference is hereby made to cautionary statements set forth in the company’s most recent SEC filing. We have incurred and will continue to incur significant expenses in the development phase, and note that there is no assurance that we will generate sufficient revenue to offset these costs in both the near and long term. New lines of business may subject 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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This announcement shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.
US investors are not permitted to purchase Upstream listed securities. US and Canadian citizens will only be able to trade in securities they currently own, which are listed on Upstream, for liquidation purposes only.
Received dual-listed NFTs have no economic value, royalties, share ownership or dividends. NFTs are for use, collection and display only.
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed stock exchange, an affiliate of the World Federation of Exchanges, and a full member of ANNA. MERJ supports global issuers of traditional and digital securities throughout the entire asset lifecycle from issuance to trading, clearing, settlement and registration. It operates a fair and transparent marketplace in line with international best practice and principles for the operation of the financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All brokerage services offered by Upstream are intended for self-directed clients who make their own investment decisions without the help or assistance of Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the Website or App, you agree to be bound by the Terms of Use and Privacy Policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development stage companies. No guarantee can be given that the valuation of any particular company’s securities is accurate or consistent with market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to, disclosure, registration and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.
Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
[email protected]
