Global Tech Industries Group Reclaims AI Commerce Stock Assets
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Global Tech Industries Group, Inc. Reclaims AI Commerce Stock
Global Tech Industries Group, Inc. (“GTII” or “The Company”) has taken decisive action to reclaim twenty million (20,000,000) shares of its common stock from the AI Commerce Group. This move comes after AI Commerce failed to fulfill the deliverables as stipulated in the Membership Interest Purchase Agreement (MIPA) that was established between the two entities.
The Membership Interest Purchase Agreement was initiated in August 2023, outlining the terms under which AI Commerce would fulfill certain obligations to receive the shares. However, due to the breach of agreement by AI Commerce, GTII has instructed its Escrow Agent to return the held shares back to the Company treasury. Consequently, the transaction is now considered terminated, and AI Commerce no longer maintains any claim to the GTII common stock.
Overview of GTII
GTII is incorporated in the state of Nevada and is publicly traded on the OTC market. The company focuses on acquiring new and innovative technologies to enhance its portfolio. The pursuit of groundbreaking advancements aligns with GTII's mission to leverage technology for substantial growth and market relevance.
Implications of the Agreement Breach
The termination of the agreement with AI Commerce has significant implications for GTII. The company can redirect its focus and resources toward other potential opportunities without the constraints of the failed agreement. Such strategic pivots are essential for maintaining momentum in the highly competitive tech industry.
Company Contact Information
If you would like to reach out to Global Tech Industries Group, Inc., you can contact them at the following address:
Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Email: Info@gtii-us.com
Frequently Asked Questions
1. What led to GTII reclaiming its stock from AI Commerce?
GTII reclaimed its stock due to AI Commerce failing to meet the deliverables outlined in the Membership Interest Purchase Agreement (MIPA).
2. How many shares did GTII recover from AI Commerce?
GTII recovered twenty million (20,000,000) shares of its common stock from AI Commerce.
3. What does GTII specialize in?
GTII specializes in acquiring new and innovative technologies to strengthen its portfolio and enhance market position.
4. Where is Global Tech Industries Group, Inc. located?
The company is located at 511 Sixth Avenue, Suite 800, New York, NY 10011.
5. How can I contact Global Tech Industries Group?
You can contact Global Tech Industries Group, Inc. via email at Info@gtii-us.com.
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