GTII continues to explore expansion into the growing Cannabis-related Healthcare Industry
New York, NY, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCPK: GTII), (“GTII”), a Nevada corporation, announced today that it is actively seeking to acquire a minority interest in another public entity trading on the OTC PINK market. The target company is a collection of brands and businesses promoting healthy lifestyles operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries. GTII’s board of directors recently had committed the Company to exploring and investing in new opportunities in Healthcare, with a particula interest in businesses involved with cannabis products in its many forms. Mr. David Reichman, CEO and Chairman of GTII noted that this move is a logical continuation of that commitment, stating that this is the third such opportunity the company has been actively pursuing. “Our idea is to get more assertive in this arena and attempt to explore more than one opportunity at a time. Our discussions, though preliminary in all cases, are moving forward. We are excited to be part of such a dynamic, vibrant, and fast-growing industry”.
Global Tech Industries Group, Inc. (GTII) is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties, proprietary systems, and trade secrets in the bioscience, clean tech, and global health industries, as well as interests in energy-related businesses, and restaurant services. For more information on Global Tech Industries Group, Inc., please call 212.204.7926, see our website: www.GTII-US.com
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes”, “belief”, “expects”, “intends”, “anticipates”, “projects” “will”, or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company’s reports and registration statements filed with the Securities and Exchange Commission.
Contact Mr. Mike King of Princeton Research Inc. 702.650.3000.