0001493152-18-014722.txt : 20181022 0001493152-18-014722.hdr.sgml : 20181022 20181022135430 ACCESSION NUMBER: 0001493152-18-014722 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20181022 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20181022 DATE AS OF CHANGE: 20181022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL TECH INDUSTRIES GROUP, INC. CENTRAL INDEX KEY: 0000356590 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741] IRS NUMBER: 830250943 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10210 FILM NUMBER: 181132100 BUSINESS ADDRESS: STREET 1: 511 SIXTH AVENUE, SUITE 800 CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 212-204-7926 MAIL ADDRESS: STREET 1: 511 SIXTH AVENUE, SUITE 800 CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: TREE TOP INDUSTRIES, INC. DATE OF NAME CHANGE: 20050401 FORMER COMPANY: FORMER CONFORMED NAME: GOHEALTH MD INC DATE OF NAME CHANGE: 20000201 FORMER COMPANY: FORMER CONFORMED NAME: NUGGET EXPLORATION INC DATE OF NAME CHANGE: 19920703 8-K 1 form8-k.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities and Exchange Act of 1934

 

Date of Report (Date of earliest event reported): October 22, 2018

 

GLOBAL TECH INDUSTRIES GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   000 - 10210   83 - 0250943
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

511 Sixth Avenue, Suite 800    
New York, New York   10011
(Address of principal executive offices)   (Zip Code)

 

212-204-7926
(Registrant’s telephone number, including area code)

 

[Not applicable / Former Name or Address]
(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 
 

 

Item 8. 01 Other Events on October 16th, 2018, Global Tech Industries Group, Inc., (“GTII”) a Nevada corporation, signed a Stock Purchase Agreement with Demand Brands, Inc. to make an equity investment in the company, which is currently trading as Innovativ Media Group, Inc (“INMG”). GTII agreed to issue 1,700,000 shares of the common stock of GTII to Demand Brands, Inc. for the purchase price of 10,000,000 shares of Demand Brands, Inc., representing 3% of the common stock and equity ownership interest in the company. (Demand Brands, Inc.)

 

GTII is a development stage company that holds intellectual properties in the bioscience, clean tech and energy-related fields. INMG is a collection of brands and businesses promoting healthy lifestyles, operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries.

 

Item 9.01 Exhibits

 

Press Release, dated October 17, 2018

 

2 of 4
 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: October 22, 2018
   
  GLOBAL TECH INDUSTRIES GROUP, INC.
   
  By: /s/ David Reichman
    David Reichman
    Chairman & CEO

 

3 of 4
 

 

EXHIBIT INDEX

 

Exhibit
Number
  Description
99.1   Press Release, dated October 17, 2018

 

4 of 4
 

 

EX-99.1 2 ex99-1.htm

 

 

GLOBAL TECH (GTII) MAKES EQUITY INVESTMENT IN DEMAND BRANDS (INMG)

 

New York, NY, Oct. 17, 2018 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCPK:GTII), (“GTII”), a Nevada corporation, announced today that it has made an equity investment in Demand Brands, Inc., currently trading as Innovativ Media Group, Inc. (OTCPK:INMG) (“INMG”). INMG is a collection of brands and businesses promoting healthy lifestyles, operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries http://www.demandbrandsinc.com. GTII’s Board of Directors recently committed the Company to exploring and investing in opportunities in Healthcare targeting specifically businesses involved with cannabis. The cannabis industry, in all its different iterations, is expected to surpass $57 billion dollars in sales by 2027. Some of the most well-known consumer product companies in the world are banking on introducing innovative entries into the burgeoning marketplace. https://digiday.com/marketing/cannabis-sexy-weed-companies. INMG is currently developing a wide variety of innovative products including gummies, cookies, liquid extracts and other Hemp + Healthy, CBD-infused edibles and Superfoods designed for men, women, children and pets. The two companies intend to also explore broader mutual opportunities.

 

David Reichman, CEO and Chairman of GTII, said. “INMG represents exactly the kind of creative and innovative company we think is well positioned in this sector. They are developing some exciting products and have an excellent management team and we believe this investment will enhance the value of both entities.”

 

Bruce Hannan, CEO of INMG added. “We are pleased that David and GTII have confidence in our business plan. Having them as an investor and prospective partner will allow us to grow more rapidly”.

 

About Global Tech Industries Group.

 

Global Tech Industries Group, Inc. (GTII) is a publicly traded holding company, with subsidiaries and affiliates that hold intellectual properties and proprietary systems in the bioscience, clean tech, and global health industries, as well as interests in energy-related businesses, and restaurant services. For more information on Global Tech Industries Group, Inc., please call 212.204.7926, see our website: www.GTII- US.com

 

About Innovativ Media Group, Inc.

 

Innovativ Media Group (Innovativ) is a developer, producer and distributor of digital entertainment and other multi-media content and a principle partner in CannaNet.TV, which operates LocalCannabisDispensary.Com and Kush Processing. http://innovativmedia.com

 

About Demand Brands

 

Demand Brands, Inc. is associated with an array businesses and brands consumers have come to know and trust that market innovative and leading Edibles, Oils, Vapes and Beverage products and manages ventures in the Hemp + Healthy, Cannabis/CBD Superfoods and Education and Technology sectors that promote healthy lifestyles for women, men, children and pets. http://www.demandbrandsinc.com

 

https://www.facebook.com/demandbrands

http://www.twitter.com/demandbrands

https://www.instagram.com/demandbrands/

 

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”, “projects” “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.

 

Contact

Mr. Mike King of Princeton Research Inc.

702.650.3000

 

 
 

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