NEW YORK: Global Tech Industries Group (GTII) has executed a Letter of Intent to acquire Gold Transactions International (GTI), a Utah corporation.
The expected closing date of the final, binding acquisition agreement, defining the terms of the acquisition of GTI by GTII, including an assessment its assets and operations going forward, is anticipated to be completed by February 28, 2021.
GTII’s Chief Executive Officer, Mr. David Reichman stated, “By restoring the company back onto the OTCQB, securing financial backing and partnering with an investor relations firm with International Monetary’s reputation, our team was able to move swiftly to negotiate from strength and sign this Letter of Intent. We are now strategically positioned to close the acquisition in the first quarter of 2021, and work to develop the potential assets of Gold Transactions International, Inc. whose goals for merger and expansion coincide with our own”.
GTI’s Chief Executive Officer, Tsuimei Wang added, “GTI has been searching for a strategic partner to assist us in expanding our operations in international gold commerce, and we believe GTII is the perfect fit. With GTII’s expertise and resources, we fully expect to successfully expand our operations and bring our other gold-based products to market.”
Global Tech Industries Group Inc. (GTII), a publicly traded company incorporated in the state of Nevada, is a development stage company, specializing in the pursuit of acquiring new and innovative technologies.