GLOBAL TECH INDUSTRIES GROUP, INC. EXECUTES NON-BINDING LETTER OF INTENT TO EXPAND PARTNERSHIP WITH ALT 5 SIGMA TO LAUNCH A REGISTERED ALTERNATIVE TRADING SYSTEM ("ATS")
New York, NY, May 03, 2021 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, is pleased to announce that it is furthering its endeavors with ALT 5 Sigma Inc., to launch a Registered Alternative Trading System (“ATS”).
According to the Company, GTII plans to acquire a controlling interest in Alt 5’s Beyond Markets project, which includes the ALT 5 licensed trading platform, order management, order matching and complete suite of front-to-back-office applications and FIX protocol API. The Company also intends to acquire a membership interest in Wynston Hill Capital LLC, a New York based FINRA Member Broker Dealer, as well as an equity stake in Wynston Hill Ventures Inc.
David Reichman, Chairman of GTII, stated, “The registration of Beyond Markets as an ATS could enable the Company to launch a blockchain-powered securities trading platform, similar to Overstock’s T-Zero. The accelerated evolution of financial markets globally and our focus on deploying blockchain-powered solutions to solve trading, clearing and settlement issues in trading securities may contribute to sustainable value creation for all of our stakeholders.”
About Global Tech Industries Group, Inc.: GTII, a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.
Please follow our Company at: www.otcmarkets.com/stock/GTII
About Alt 5 Sigma Inc.: ALT 5 is a fintech company specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 was founded by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, transparency, and compliance.
ALT 5 provides its clients the ability to buy, sell, and hold digital assets in a safe and secure environment deployed with the best practices of the financial industry. ALT 5's products and services are available to Banks, Broker-Dealers, Funds, Family Offices, Professional Traders, Retail Traders, Digital Asset Exchanges, Digital Asset Brokers, Blockchain Developers, and Financial Information Providers.
ALT 5's digita asset custodian services are secured by GardaWorld. GardaWorld is the world's largest privately-owned business solutions and security services company, offering cash management services.
About Wynston Hill Capital LLC: Wynston Hill Capital is a full-service boutique investment bank that works with established companies across a diverse universe of industries. The company plans to add value to its individual clients by comprehending and focusing on the short and long-term financial and strategic goals of its clients.
For more information, visit www.wynstonhillcapital.com.
About Wynston Hill Ventures Inc.: Wynston Hill Ventures is a global advisory firm which specializes in the financing of emerging growth companies. Wynston Hill Ventures’ advisory and consulting services assist companies throughout their development from seed to IPO. The Company works closely with FINRA registered investment banks, including but not limited to Wynston Hill Capital LLC, to fulfill offering placements and underwriting.
For more information, visit https://wynstonhillventures.com.
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