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learningthetruth

08/15/22 9:51 AM

#369023 RE: RIGATONI #369019

GTOR, $7.2 million inked deal.....that is

Absolutely HUGE!! Already inked $1.8 million deal on 7/19; so that's $9 million dollars in deals in 1 month....Market cap is $5.2 million

THOMASVILLE, GA, Aug. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – GGTOOR, Inc., (OTCMKTS:GTOR) (“GGTOOR, Inc.,”, “GTOR”, or the “Company”), an emerging leader in the eSports markets, announces the Company has received an executed Commitment to Purchase from Nerd Land LLC., Highland Park, Illinois. Nerd Land LLC., has committed to purchase a 512m x 512m parcel of virtual land in GGTOORCITY, for the full listing price of $7,200,000 cash in USD. The Nerd Land LLC., Commitment to Purchase was signed on Sunday, August 14, 2022., and it calls for Nerd Land LLC., to pay GGTOOR in full on or before, September 14, 2022. In the event Nerd Land LLC., needs an additional 15-days, they must notify the Company on or before Sunday, September 4, 2022.

The NERDLAND commitment is the second commitment the Company has executed since announcing it purchased 4,144 parcels of virtual property from TCG.World on May 31, 2022. The Company announced it had purchased $102,300,000 worth of virtual parcels on June 7, 2022. The First Commitment to Purchase was between BALLIN’ IN THE METAVERSE and GGTOOR. BALLIN’ has committed to purchase a 256m x 256m parcel and the commitment was announced on July 19, 2022. BALLIN’ IN THE METAVERSE has until September 18, 2022, to pay GGTOOR.

learningthetruth

08/15/22 11:22 AM

#369030 RE: RIGATONI #369019

GTOR, missed this somehow, didn't read the whole PR somehow...

John V Whitman Jr., Chairman/President/CEO of GGTOOR had this to say, “We are beginning to establish a timeline from contact with a prospective virtual property client to execution of a Commitment to Purchase and finally payment. We believe the sales cycle for these large virtual land purchases are going to range between two months, to as much as six months each. The two sales already inked represent revenue of $9,000,000 in the first fiscal quarter of the year. The year ended May 31, 2022; the Company had revenues of just $92,399. If the Company had no additional revenue for the remaining three quarters of its fiscal year, these two sales represent a 9,640% increase in revenue. Once all expenses are booked against these two sales, the Company should realize profits in excess of 192%. In addition to these sales the Company is planning on constructing an eSports Arena, a Concert Arena, Two High Rise residential buildings, a Mall, a Madison Square Garden-type venue, and finally, Movie Land. In the weeks to come the Company will release more details about the assets it plans on building in GGTOORCITY. Finally, the Company will be selling naming rights to GGTOORCITY and the asking price is $65,000,000 for a ten-year deal. I could not be more pleased with the progress GGTOOR is making. Shareholders will hopefully be blown away with the progress of their Company. Another Press Release will be issued tomorrow, August 16, 2022, that will address questions that shareholders have sent to the Company along with more details on the Company’s expansion of its gaming division.”