NEW YORK, NY / ACCESSWIRE / July 18, 2016 / GLOBAL TECH INDUSTRIES GROUP, INC. (New Trading Symbol OTC: GTII), a Nevada corporation, formerly known as Tree Top Industries, Inc., effective as of July 7, 2016, had a change of Company name in order to more accurately reflect the Company's evolving focus and its mission to advance a more global business platform.
David Reichman, Chairman of the Board and CEO stated, "We are excited to be entering the next phase of our business mission as Global Tech, as we enter final negotiations with GoFun Group, Ltd., whose portfolio of businesses includes, among other assets, restaurants in Hong Kong and an O2O (offline to online) business in the food service sector, as well as other food and service-oriented businesses in Hong Kong and mainland China. We plan on travelling to Hong Kong in the latter part of July or early August, bringing top management with us, as well as our accountants who specialize in GAAP accounting systems and our legal team, in order to further formulate a definitive agreement with GoFun Group's management for the acquisition."
GLOBAL TECH INDUSTRIES GROUP, INC. 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 technologies.
GoFun Group, Ltd. is a privately held company, running casual dining restaurants business based in Hong Kong. The company employs an integrated O2O (online-to-offline, and offline-to-online), with a central kitchen foundation that finds consumers online and brings them to a, "real world" food-tasting and pickup location as well as to their restaurants. The company uses the dining and free food tasting experience to bring more customers in to buy various food products online. The O2O effort ultimately will lead to the company being a broader commerce supply-chain facilitation company.
Long a supporter of philanthropic causes, the company hires the hearing-impaired, providing jobs where otherwise none may be had. Additionally, the company engages in family-based promotions which offer children training in the industry, simultaneously developing loyal customers and good neighborhood relations.
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", "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.
For more information on Global Tech Industries Group, Inc. contact:
Mr. Mike King of Princeton Research Inc. at 702.650.3000
SOURCE: Global Tech Industries Group, Inc.