U.S. markets open in 5 hours 25 minutes
  • S&P Futures

    +0.50 (+0.01%)
  • Dow Futures

    0.00 (0.00%)
  • Nasdaq Futures

    -7.75 (-0.05%)
  • Russell 2000 Futures

    -1.80 (-0.10%)
  • Crude Oil

    -0.32 (-0.36%)
  • Gold

    -8.20 (-0.44%)
  • Silver

    -0.20 (-0.94%)

    +0.0009 (+0.08%)
  • 10-Yr Bond

    0.0000 (0.00%)
  • Vix

    +0.17 (+0.97%)

    +0.0002 (+0.02%)

    -0.0450 (-0.03%)
  • Bitcoin USD

    -708.37 (-2.51%)
  • CMC Crypto 200

    -14.36 (-2.38%)
  • FTSE 100

    -1.80 (-0.02%)
  • Nikkei 225

    -521.94 (-1.64%)

Global Tech Industries Group, Inc. and TCG World Enter into Memorandum of Understanding to Lease and Develop Commercial Land in the Metaverse

New York, NY, Jan. 18, 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 entered into a strategic partnership with TCG World (TCG Gaming BV), a company headquartered in The Netherlands, to lease a commercial plot of virtual land within their upcoming Metaverse project. In addition, GTII and TCG World intend to jointly explore further commercial opportunities within TCG World’s Metaverse.

GTII, along with TCG Worlds development team, will construct and develop virtual art galleries to showcase GTII’s art collection on the GTII Plot, which is capable of housing up to 100 virtual structures to display digital art.

David Reichman, GTII’s Chief Executive Officer, stated “The GTII management team, along with our group of technical consultants, continue to impress me with the depth of their acquired knowledge and expertise, moving forward purposefully to establish the Company’s presence in the virtual worlds of digital fine art and the metaverse. The new partnership between GTII and TCG World represents another step in the Company's further expansion into the metaverse. Once fully developed, GTII will be able to virtually display the Company's growing art collection."

David Evans, TCG Worlds Chief Executive Officer, stated, “The TCG World management and development team have worked with the GTII team to explore the possibilities of bringing art into the Metaverse and creating an educational and virtual shopping experience that will provide users all over the world the opportunity to enjoy art they would never have had access to before the creation of the Metaverse. With virtual reality experiences inside the Metaverse, consumers can visualize their purchases before they buy a product or piece of fine art.”

About 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/

About TCG World : TCG World is an online open world virtual gaming experience where players can earn TCG Coin 2.0, gather NFT collectibles, own virtual real estate, create, explore the game world and set up their own online businesses,. TCG World introduces a new approach to NFTs making it more than just a piece of art - now players can take their NFTs into the gaming world and play. Everything a player owns in the metaverse is an NFT - real estate, vehicles, pets, trophies and even player avatars. TCG World, consists of 100,000 public plots divided into four main regions; Asia, North, Forest, and East, each with its own city center that offers commercial opportunities. Visit TCG World here https://tcg.world/

Please 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 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.

Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011