GTII LOI
(GTII: OTCQB) Global Tech Industries Group, Inc. ("GTII" or "The Company"), www.gtii-us.com, a Nevada Corporation, signed a binding Letter of Intent ("LOI") with Bronx Family Eye Care, Inc., a New York corporation engaged in the business of full scope optometry. Through their four locations, three of which are in the Bronx, and one of which is in Manhattan, New York, Bronx Family Eye Care, Inc.'s certified optometrists use cutting-edge equipment to provide diagnosis and treatment for diseases of the eye, as well as corrective eyewear, to residents of the Bronx and Upper Manhattan. Bronx Family Eye Care, Inc. performs edging of lenses in-house, which allows for turnaround times of as little as 24 hours. A definitive stock purchase agreement and formal closing are expected within the next thirty (30) days.
GTII's Chief Executive Officer, Mr. David Reichman stated, "We made the decision very quickly that Bronx Family Eye Care, Inc. would be a great fit for our company, as part of our mission is to acquire companies that have interesting and diverse businesses as well as to serve the public interest. The fact that the company is already generating revenue is another tremendous positive for our balance sheet and our plans moving forward."
Bronx Family Eye Care, Inc. Chief Executive Officer, Nikolay Bitsenko, added, "since its inception in 2014, Bronx Family Eye Care, Inc. has pursued the simple, yet complex, goal of treating diseases of the eye, as well as providing corrective eyewear to our community, whether to residents of the Bronx, or to our work with non-profit organizations. Joining the GTII team should allow us to expand our reach into new markets and new technologies."
About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.
