GLOBAL TECH (GTII) MAKES EQUITY INVESTMENT IN DEMAND BRANDS (DMAN)
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)(“DMAN”). DMAN 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”.
Global Tech sets the stage and develops the assets to stimulate innovation and growth in emerging businesses on a global basis. Green technologies, IT as well as the international food and restaurant businesses are just a few examples from the portfolio of businesses Global Tech is committed to animating. Our corporate mission is to facilitate, through the use of next generation technology, the delivery of alternative and innovative methods and systems that will lead to healthier lifestyles and result in a more sustainable planet.
Global Tech sets the stage and develops the assets to stimulate innovation and growth in cutting edge technologies and emerging businesses on a global basis. Green technologies, IT and healthcare early-intervention technologies are just a few examples from the portfolio of businesses Global Tech is committed to animating. Our corporate mission is to facilitate, through the use of next generation technology, the delivery of alternative and innovative methods and systems that will lead to healthier lifestyles and result in a more sustainable planet.
David Rechman, Chairman and CEO
Mr. Reichman has been the CEO of Tree Top Industries for seven years. Previously, Mr. Reichman maintained a Business Management and Tax Law consulting group, licensed by the US Treasury/Internal Revenue Service. Mr. Reichman has been an environmental activist for almost thirty years and served as Co-General Partner and Tax Matters Partner in Harrison Re-cycling Associates, a company that maintained and operated the first recycling equipment for non-biodegradable Styrofoam and Styrene plastic in North America. Prior to that Mr. Reichman worked for American Express holding several positions, including Manager of Budget and Cost. During his tenure at American Express, he created and developed, together with Control Data Corporation, the Flexible Budgeting for Management Control of International Operations Program, and the use of Time-Share computer equipment. Mr. Reichman serves on several Boards of Directors, including the Federal Head Start Program in Manhattan. Mr. Reichman holds an MBA through the Harvard Case Study Program with extended education in business and scientific theory from The Wharton School of Business at the University of Pennsylvania and IBM Systems Scientific Institute. He currently resides in New York City, NY and Los Angeles, CA.
Kathy M. Griffin, President and Board Director
Mrs. Griffin is a seasoned business professional with significant background and experience in marketing, sales, new business development and general business management, both in the United States and internationally. Mrs. Griffin started her career at Superior Brands, where she held several positions, including International Marketing Manager. She traveled extensively in Europe and Asia, and was responsible for the successful start up and implementation of the first international joint venture for Superior Brands. In addition, Mrs. Griffin managed the US subsidiary of Koning International, a consumer products marketing company and most recently was employed as an executive in the New Business Development Group by Shuster Laboratories, a division of Specialized Technology Resources, a global provider of supply chain programs and consulting services. Mrs. Griffin holds a Bachelor’s degree from Boston College University with advanced study in International Relations through the University of Massachusetts John McCormack Institute for Public Policy, and the American Marketing Association. She currently resides in Hingham, MA and Los Angeles, CA.
Dr. Fortunato Villamagna
Dr. Villamagna has over twenty-eight years of domestic and international experience of developing, producing and marketing energetic materials, chemicals, biofuels and synthetic fuels. He is currently focused on the continuing development of hazardous chemical and biological waste destruction systems. Prior to that Dr. Villamagna was President of BioEnergy Systems LLC, a privately held company that developed advanced technology for the biodiesel and renewable fuel industries. Dr. Villamagna holds a Ph.D. in Theoretical Chemistry and an MBA in Global Management, and has worked on several worldwide projects.
Mr. Taylor has over forty years of senior executive experience working with North American and International companies, He has been involved in the development, application, commercialization and constructive utilization of energetic materials, chemicals and explosive compositions. Previously, he was CEO for the North American operations of the world’s largest global commercial explosives company. He currently invests in a number of “green” technology-based businesses and provides enterprise and project management services to entities engaged in the development, sale and distribution of commercial explosives and construction equipment. Mr. Taylor graduated from Ryerson University in Toronto, Canada.
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