Global Tech Industries Group, Inc. Executes Letter of
New York, NY, March 10, 2022 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, today announced that it has signed a non-binding letter of intent (“LOI”) with Wildfire Media Corp. (“Wildfire Media”), a legal marketing company engaged in the business of supporting law firms with client acquisition research, data-driven marketing, media planning and analysis and customer retention services A definitive purchase agreement is expected within 90 days.
Wildfire Media licenses the 1-800-LAW-FIRM brand to a national network of law firms committed to protecting the rights of clients in areas as diverse as consumer protection, environmental hazards, civil rights and criminal defense, among other areas. GTII is expected to acquire a 100% interest in Wildfire Media Corp for a yet-to-be-determined number of common shares of the company, and subject to a review of assets and liabilities, and an audit in accordance with PCAOB. books from Wildfire Media Corp for the calendar years ending December 31, 2021 and December 31, 2020, as well as other mutual due diligence, and a proposed business plan with its related budget in a form sufficient for GTII.
David Reichman, Managing Director of GTII, said “When we see an opportunity to partner with an organization in the area of expanding access to legal advice and assistance, the GTII team will try to act quickly every time. We are delighted to begin the due diligence process with Wildfire Media as they have indicated an understanding of the capacity, knowledge and public access that GTII can provide them to pursue their growth strategy.”
Ari Kreschfounder of Wildfire Media Corp., said, “Combining the significant growth potential of our national brands, like 1-800-LAW-FIRM, with a company that embraces innovative technologies like GTII is a natural next step in the evolution of our Legal Support Organization ( LSO). Our focus on AI-enabled marketing, data and technology solutions, and our scale could allow us to leverage our customer base and the brands that Wildfire Media has established over three decades. We look forward to closing a mutually accretive acquisition and a new future together. »
Founded in 1996, Wildfire Media provides performance-based marketing and technology solutions that allow law firms to focus on what they do best. Wildfire Media is establishing a Legal Support Organization (LSO) so that law firms are equipped to combine advancements in the latest technology with operational best practices, both provided by our LSO.
AAbout Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the State of Nevada, specializing in pursuing the acquisition of new and innovative technologies. Visit GTII here https://gtii-us.com/.
Please follow our company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.com/
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Global Technology Industries Group, Inc.
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