Global Tech Industries Group, Inc. Closes Sale of its Beyond Blockchain Business and Announces its Upcoming First Crypto Dividend

ByJosephine J. Romero

Apr 25, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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Global Tech Industries Group, Inc.

World-wide Tech Industries Group, Inc.

New York, NY, April 19, 2022 (Globe NEWSWIRE) — World-wide Tech Industries Team, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada company, announced currently that on April 19, 2022 it entered into a definitive asset obtain arrangement with Parabolic Tech DMCC (“Parabolic Technologies”), www.parabolictech.io, for the sale of its “Beyond Blockchain” business enterprise and assets, and at the same time shut the transaction.

Below the conditions of the asset purchase settlement, GTII gained $25,000 in hard cash at the closing, with supplemental thing to consider to be compensated, write-up-closing, as described beneath. Parabolic Technologies acquired all of the Past Blockchain belongings and assumed all outstanding liabilities of the Outside of Blockchain organization. In addition,

  • Parabolic Systems will situation GTII an equity interest equal of 10% of the 1st subsequent new Token allocation it receives and launches on the exchange

  • Parabolic Systems will problem GTII an fairness curiosity of 10% of all tokens issued by Parabolic Technologies in connection with its personal preliminary proprietary token giving and

  • Parabolic Technologies will distribute a third-party crypto dividend to GTII shareholders, as of the file date of April 29, 2022 (the “Crypto Dividend”).

The Crypto Dividend described over will be GTII’s to start with cryptocurrency dividend.

David Reichman, Chairman and CEO of GTII stated, “We are really delighted that we have been ready to rapidly convert all around the closing of the sale of our Beyond Blockchain business. The sale of this enterprise line to Parabolic Systems will permit GTII to participate indirectly in Beyond Blockchain’s probable as the day-to-day functions will now be turned about to Parabolic Systems whose principals have knowledge and relationships in the crypto place.

Tommy Wang, Parabolic Systems Strategic Advisor said, “We are enthusiastic to supply the global bridge of liquidity & transparency as a result of technology for our valued clients .

About Global Tech Industries Group, Inc.: GTII is a publicly traded Organization integrated in the condition of Nevada, specializing in the pursuit of buying new and revolutionary technologies. Go to GTII right here https://gtii-us.com/.

Please follow our Enterprise at: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/

Safe and sound Harbor Forward-Hunting Statements:
This push launch could incorporate ahead searching statements that are centered on present anticipations, forecasts, and assumptions that entail challenges as nicely as uncertainties that could trigger precise outcomes and effects to differ materially from those predicted or anticipated, including statements linked to the total and timing of envisioned revenues linked to our economic overall performance, envisioned cash flow, distributions, and foreseeable future expansion for future quarterly and yearly periods. These risks and uncertainties are further more described in filings and stories by the Enterprise with the U.S. Securities and Exchange Commission (SEC). Real outcomes and the timing of specific functions could differ materially from people projected in or contemplated by the forward- looking statements due to a amount of factors detailed from time to time in our filings with the SEC. Among the other issues, the Corporation may well not be capable to sustain advancement or accomplish profitability primarily based upon several elements which include but not limited to the risk that we will not be equipped to come across and acquire firms and belongings that will help us to become rewarding. Reference is hereby designed to cautionary statements established forth in the Company’s most the latest SEC filings. We have incurred and will proceed to incur substantial bills in our enhancement stage, noting that there is no assurance that we will deliver sufficient revenues to offset people fees in both equally the around and prolonged phrase. New traces of organization may possibly expose us to added authorized and regulatory fees and unidentified exposure(s), the influence of which can’t be predicted at this time.

Text these types of as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or comparable expressions that convey the future character of gatherings or results usually point out forward-on the lookout statements. You must not spot undue reliance on these forward-looking statements, which discuss only as of this push release. Unless of course legally required, we undertake no obligation to update, modify or withdraw any forward-wanting statements, for the reason that of new information, future activities or if not.

Worldwide Tech Industries Team, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
[email protected]

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