Global Tech Industries Group, Inc. acquires AI Commerce Group, LLC., through a binding Membership Interest Purchase Agreement

New York, NY, Aug. 21, 2023 (GLOBE NEWSWIRE) -- (: OTCQB) Global Tech Industries Group, Inc. (“” or “The Company”), , announced today that it has signed a Membership Interest Purchase Agreement (“MIPA”) with AI Commerce Holdings, LLC., (“AI Holdings”) to acquire all the membership interest, including the assets and operations of MIPA, from the members of AI Commerce Group, LLC, (“AI Group”), a privately held Puerto Rico company in the business of acquiring and operating ecommerce websites and brands to make them more efficient. The new company would become part of GTII through the incorporation of a new, wholly owned subsidiary.

AI GROUP was incorporated to take advantage of the inefficiencies in ecommerce by using AI technologies. The team is made up of experts in digital marketing, ecommerce, sourcing and procurement, and banking.

David Reichman, Chairman & CEO of GTII, stated, “This is a very important day for the company and its shareholders, as management has successfully negotiated an agreement that may put us squarely in the burgeoning AI business sector. We are looking forward to working with AI Group to bring its assets and operations into the public sector.”

About GTII: GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here .

About AI Commerce Holding, LLC. AI Commerce group is the next generation of e-commerce using technology and artificial intelligence to improve efficiencies in all stages in direct to retail brands. We provide brands and companies that need expertise, technology, and capital to help reach their full potential. The team is comprised of seasoned veterans in e-commerce, sourcing, logistics, digital marketing, and banking. Please visit to learn more.

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Global Tech Industries Group, Inc.

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