New York, NY, Dec. 30, 2021 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that Bronx Family Eye Care, Inc. has successfully concluded the requisite audit of its financial statements and is now a wholly-owned subsidiary of GTII.
Additionally, with the completion of the Bronx Family Eye Care audit, the Board of Directors of GTII has directed management to explore up-listing to a national exchange, and if feasible, to submit the necessary application within the first quarter of 2022.
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.
Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
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Mike King
Princeton Research, Inc.
3887 Pacific Street, Las Vegas, NV
702.338.2700
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New York, NY, Dec. 30, 2021 (GLOBE NEWSWIRE) — SCWorx Corp. (Nasdaq: WORX) today announced that it has entered into binding agreements to settle both the securities class action and derivative action lawsuits which were commenced in 2020.
The class action was consolidated under the caption Yannes v. SCWorx Corp. (1:20-cv-03349). The proposed settlement resolves all claims asserted against SCWorx and the other named defendants without any admission of liability or wrongdoing by the Company or any defendant. Under the terms of the class action agreement, (i) the insurers for the Company and Marc Schessel (former CEO) will make a cash payment to the class plaintiffs and (ii) the Company will issue $600,000 worth of common stock to the class Plaintiffs, in exchange for which all parties will be released from all claims related to the securities class action litigation. The class action agreement provides that the parties will negotiate in good faith to enter into a definitive settlement agreement within thirty days. Once the Company issues the $600,000 worth of stock, the Company believes it will have satisfied its obligations with respect to the payment of the $750,000 accrued retention liability applicable to its D&O insurance policy. The final settlement agreement will be subject to court approval.
In addition, the Company and the Director Defendants (Marc Schessel, Steven Wallitt, Charles Miller and Robert Christie) entered into a binding agreement with the shareholder derivative plaintiffs to settle the derivative litigation in which SCWorx was a nominal defendant. Under the terms of this agreement, (i) the insurers for the Director Defendants will make a cash payment to legal counsel for the shareholder derivative Plaintiffs to cover their legal fees and (ii) the Company will adopt certain corporate governance reforms within 60 days of court approval of the settlement, in exchange for which all parties will be released from all claims related to the derivative class action litigation. This agreement provides that the parties will negotiate in good faith to enter into a definitive settlement agreement within thirty days, which agreement will be subject to court approval.
“One of my primary goals since becoming CEO of SCWorx has been to resolve the class and derivative actions and move forward with focusing on our core data management business,” said Tim Hannibal, Chief Executive Officer of SCWorx. “I would like to thank our Board, management team and legal counsel in helping to achieve these goals and put these issues behind us. We look forward to continuing to deliver our SaaS service offerings to healthcare providers as they struggle with the difficulties caused by Covid-19. Our service offerings help solve the challenges which hospitals experience within their supply chain and deliver the analytics and visibility to achieve desired cost savings.”
About SCWorx Corp.
SCWorx has created an advanced attributed virtualized item data warehouse utilizing machine learning and artificial intelligence to offer a suite of software-as-a-service-based solutions for healthcare providers. The value proposition for customers revolves around the full integration of all solution modules with the company’s data platform for cost savings, operational efficiency and accurate benchmarking and reporting. The solution modules include Virtual Item Master, data cleanse and normalization, contract management and request for pricing (RFP) module, automated rebate management module, data interoperability (EMR, MMIS, finance) module, Automated Item Add Portal, Virtual General Ledger, and the data analytics module. SCWorx creates a single source for information for the healthcare provider’s data governance and analytics requirements.
Forward-Looking Statements
This press release contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future contract renewals and terminations, future financial position, prospects, plans and objectives of management are forward-looking statements. You can identify many (but not all) such forward-looking statements by looking for words such as “assumes,” “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “seeks,” “intends,” “plans,” “could,” “would,” “may” or other similar expressions. You should not place undue reliance on these forward-looking statements. Such statements are based on management’s current expectations and involve risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, securing future contracts and orders, future product sourcing, supply disruptions, containing costs, the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient resources of the company to meet its business objectives and operational requirements and other important factors that are detailed in filings with the Securities and Exchange Commission made from time to time by SCWorx, including its Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Matters described in forward-looking statements may also be affected by other known and unknown risks, trends, uncertainties and factors, many of which are beyond the company’s ability to control or predict. SCWorx undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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While patriarchy still continues to clutch gender norms worldwide, some women are paving the way towards unparalleled glory.
Gender barriers might still prevail around the globe but these women on our list of most powerful in the world are ruling the world with iron glove. Women have been pioneering leadership roles in a multitude of industries – politics, technology, automobile, banking, fashion, and more. Although glass ceilings still continue to curb the freedom of millions of women around the globe, renowned female entrepreneurs, head of states, and philanthropists are paving exemplary ways for little girls across the world — ‘The article carries inspirational quotes from these most powerful women 2021 of the world’
The 10 Most Powerful Women In The World 2021
From the U.S. electing its first female vice president to women-led IPOs collecting billions in the stock market, tides are turning worldwide. These 10 most powerful women of 2021 on our list are the trailblazers who swift past all the obstacles of society, even as the pandemic turned our lives upside down.
This most powerful women 2021 list is on the basis of four criteria —number of people that these women impact with their purpose, the amount of wealth they own, how diversified their impact is and how freely they can use their power to influence others.
Here’s The 10 Most Powerful Women In The World 2021
Number
Powerful Women
Position
1
Kamala Harris
Vice President (United States)
2
Jacinda Arden
Prime Minister (New Zealand)
3
Ursula von der Leyen
President (European Union)
4
Mary Barra
CEO (General Motors)
5
Tsai Ing-wen
President (Taiwan)
6
Emma Walmsley
CEO of GlaxoSmithKline
7
Nancy Pelosi
Speaker of the
United States House of Representatives
8
Jane Fraser
CEO of Citigroup
9
Christine Lagarde
President of European Central Bank
10
Karen Lynch
President and Ceo of CVS Health
DKODING | Most Powerful Women In The World 2021
1/10
Kamala Harris, Vice President of the United States
My mother would say, ‘Kamala, you may be the first to do many things, but make sure you are not the last.
Kamala Harris — Powerful Women Quotes
The first female vice president of the United States is the most powerful woman in the world according to the list. She took hold of the office on Jan 20, 2021 and became the first woman, first person of colour, first South Asian-American to be elected for second most powerful position in the country.
DKODING | World’s 10 Most Powerful Women 2021| Kamala Harris, Vice President of the United States
Harris’ achievements doesn’t end here. In 2016, she became the first Indian-American woman in the U.S. Senate, preceded by the title of ‘the first woman and first woman of colour to become the Attorney General of California’.
Heading the world’s superpower nation of more than 334 million people, VP Kamala Harris broke multiple patriarchal and racial barriers during her entire career. Born in Oakland, California to Jamaican-Indian parents, Harris has amassed $7 million in net worth.
2/10
Jacinda Ardern, Prime Minister of New Zealand
Everything I’ve ever thought about doing has been, in some sense, about helping people.
Jacinda Ardern — Powerful Women Quotes
World’s youngest head of state, 38-years-old Jacinda Ardern has carved a rare space in the political scene of the country with her kind and empathetic approach. Not just in her home country, Ardern has gained global popularity for her unifying and cooperative leadership in contrast to the divisive, conceited governance around the world.
DKODING | World’s 10 Most Powerful Women 2021 | Jacinda Ardern, Prime Minister of New Zealand
In 2020, Ardern was reelected for her second term as the Prime Minister of New Zealand with a landslide victory.
She has been widely admired for the handling of multiple challenging situations during her tenure, from COVID-19 outbreak to mass shooting.
Ardern has also redefined female leadership norms in politics. She not only attended the office while being pregnant, but also took mere six weeks of maternity leave. Challenging the stereotypes by announcing that her husband will be the stay-at-home dad. While leading the nation of roughly 5 million people, Ardern has become the poster girl of women empowerment.
I’m privileged because I can defend myself. Millions of women that are hurt every day, cannot.
Ursula von der Leyen — Powerful Women Quotes
Europe’s most powerful woman, von der Leyen is a German politician and physician elected as the head of European Union on Dec 1, 2019. Born in Belgium, Ursula had a remarkable career graph in German politics before being appointed for the most powerful position in the whole of Europe.
DKODING | World’s 10 Most Powerful Women 2021 | | Ursula von der Leyen, President of European Union
This is the first time in the history that EU appointed a woman for a position responsible for the legislation of 700 million Europeans living on the continent. Before being elected as the head of continent, von der Leyen served in Angela Merkel’s cabinet from 2005 to 2019 – the longest cabinet tenure ever. She has formerly worked as the defense minister of Germany and was strongly seen as the most deserving successor of Angela Merkel.
She is famed for boldly favouring LGBTQ+ rights in Poland and across Europe while also giving a tough fight to Russia in its efforts to annex Ukraine.
4/10
Mary Barra, CEO of General Motors
My definition of ‘innovative’ is providing value to the customer.
Mary Barra — Powerful Women Quotes
The first female CEO of General Motors, Mary Barra‘s indispensable contribution to the automobile industry has also made her one of the most powerful women in the world.
Barra is the first woman ever to be the chief executive of any automobile company in the world.
DKODING | World’s 10 Most Powerful Women 2021 | Mary Barra, CEO of General Motors
Currently, General Motors is the leading automobile company in the world that sells vehicles under four of its core brands – Chevrolet, Buick, GMC, and Cadillac. It generated a whopping $137 billion in revenues for the fiscal year 2019 and has sold more than 8 million vehicles so far. Barra’s automobile company employees 164,000 employees at present and has recorded sales in more than 15 countries.
With the base salary of $2.1 million, Mary Barra is estimated to own a net worth of close to $194 million.
5/10
Tsai Ing-wen, President of Taiwan
DKODING | World’s 10 Most Powerful Women 2021 | Tsai Ing-wen, President of Taiwan
Taiwan is the Republic of China, the Republic of China is Taiwan.
Tsai Ing-wen — Powerful Women Quotes
In 2016, Taiwan elected its first ever female leader, Tsai Ing-wen who is also the first unmarried president of Taiwan. Ing-wen has emerged as a powerful global figure due to her overt and bold stand against China’s efforts to control the island nation. Apart from establishing firm relations with U.S., she is also stimulating nation’s economy into industries such as green energy and biotech.
Tsai Ing-wen was also widely praised for her approach in the handling of the COVID-19 outbreak in 2020. Due to her progressive economic policies and upfront outlook in dealing with China, Ing-wen was re-elected in 2020 with a 57% majority.
People regret far more what they don’t do rather than what they do.
Emma Walmsley — Powerful Women Quotes
In 2017, Emma Walmsley became the first female CEO of a major pharmaceutical company. After taking up leadership of the 300 years old company, Walmsley has undertaken major restructuring program aiming at saving at least $500 million a year. Former stints of Emma Walmsely involve working for the beauty conglomerate L’Oreal for 17 years.
Prior to becoming the CEO and Board Director of GSK, Walmsley joined the company in 2010 to handle the Consumer Healthcare, Europe. She is also an independent director of the Microsoft board since Dec 2019.
DKODING | World’s 10 Most Powerful Women 2021 | Emma Walmsley, CEO of GlaxoSmithKline
7/10
Nancy Pelosi, Speaker of the United States House of Representatives
Women are leaders everywhere you look – from the CEO who runs a Fortune 500 company to the housewife who raises her children and heads her household. Our country was built by strong women and we will continue to break down walls and defy stereotypes.
Nancy Pelosi — Powerful Women Quotes
Nancy Pelosi first joined the Congress at the age of 47 and went on to becoming the first female leader of major political party after being elected as the Speaker in 2007. Pelosi began her third term as the Speaker in 2019 after Democrats took the hold of the House in 2018.
One of the most landmark moment in Pelosi’s career was the proceeding of impeachment of Former President Donald Trump in 2019.Nancy Pelosi is often referred to as the most powerful female member of Congress ever, shepherding critical trillion dollar stimulus packs and impeaching the Presidents.
DKODING | World’s 10 Most Powerful Women 2021| Nancy Pelosi, Speaker of the United States House of Representatives
I am a working mother. I always joke with my team and say I have three boys at home: I have a 14-year-old, a 16-year-old and a 59-year-old.
Jane Fraser — Powerful Women Quotes
Jane Fraser is the first woman ever to serve as the chief executive of a major Wall Street bank, making her one of the most powerful women in the world. In the 23 years of Citigroup’s history, Fraser is the first woman ever to fill the position of CEO. She has formerly served as the president of Citigroup and CEO of Global Consumer Banking after joining the company in 2004.
One of the major highlights of Fraser’s career was saving the Mexican subsidiary of Citi from the money laundry scandal when she just filed the position of the CEO.
DKODING | World’s 10 Most Powerful Women 2021 | Jane Fraser, CEO of Citigroup
9/10
Christine Lagarde, President of European Central Bank
I have a theory that women are generally given space and appointed to jobs when the situation is tough.
Christine Lagarde — Powerful Women Quotes
Executive chief of the European Central Bank, Lagarde is the first woman to fill the position since the inception of the bank. As the head of the European Bank, she is the leading figure of the continent’s monetary policies, steering it past the financial havoc of COVID-19.
Prior to joining the European Central Bank in 2019, Lagarde headed the International Monetary Fund between 2011 and 2019, becoming the first woman to hold the position.
Christine Lagarde has always been vocal about the gender norms in the financial sector. During the 2008 crisis, Lagarde pointed out “groupthink” in an industry dominated by males.
Apart from being the first female Managing Director of IMF and first female President of European Central Bank, Lagarde was also the first female finance minister of France.
DKODING | World’s 10 Most Powerful Women 2021 | Christine Lagarde, President of European Central Bank
We learned during the pandemic that when we work together, we can conquer the impossible.
Karen Lynch — Powerful Women Quotes
In February 2021, Karen Lynch took up the leadership position of world’s leading health service company, CVS. Lynch joined the firm in 2018 when CVS completed its landmark Aetna acquisition worth $70 billion. The company is currently managing the highest number of independent COVID-19 testing camps in the U.S.
DKODING | World’s 10 Most Powerful Women 2021 | Karen Lynch, President and CEO of CVS Health
Leading the team of more than 300,000 employees, Lynch steers the efforts of the Fortune 4 healthcare company that caters to more than 100 million through more than 9,900 pharmacies and over 1,000 MinuteClinic and HealthHUB locations. Prior to joining the company, Karen also served as the president of Cigna and Magellan Health Services.
As the ‘Fantastic Beasts 3’ trailer is out, fans of Johnny Depp have declared that the movie would be the biggest disaster of the year.
Johnny Depp is out from ‘Fantastic Beasts 3’, the bitter truth told a million times. After carrying out huge online propaganda to bring back Depp, now the fans are cursing the franchise claiming that ‘Fantastic Beasts 3’, starring Mads Mikkelsen as Grindelwald as the replacement of Depp, will be the biggest movie mistake ever made by the makers.
Highlights —
Fans of Johnny Depp angry despite finding the trailer exciting
Fans declare ‘Fantastic Beasts 3’ set to fail
Fans of Johnny Depp angry despite finding the trailer exciting
We see a lot of Jude Law’s Dumbledore in ‘Fantastic Beasts 3’. The third instalment titled ‘Fantastic Beasts: The Secrets Of Dumbledore’ has been in the news ever since the divorce battle of Depp and Amber Heard forced the makers to replace the ‘Pirates of the Caribbean‘ actor with Mads Mikkelsen. Even though Mikkelsen is a great choice, seeing his past work, Depp has created a huge web of fans through his exceptional acting prowess in playing eccentric characters, making it hard to see anyone else replacing him.
The new trailer of the third instalment of the film series is more about Jude Law’s Dumbledore. The third segment is bringing back Ezra Miller as Credence, Eddie Redmayne as Newt Scamander, and many more actors. Focusing on Hogwarts, the trailer points that Grindelwald is getting stronger with each passing minute to fight against the muggles.
‘Fantastic Beasts 3′ trailer out: Ghost of Johnny Depp set to tear apart the film
Those who have watched the trailer are saying that there exists a surprising similarity between Potter and Dumbledore’s relationship with Newt’s. While fans across the world are excited to watch what’s happening in the wizarding world, the casting decision by makers is still making fans upset. For those who are unaware, Johnny Depp played the role of Grindelwald in the first two parts.
It seems like the ghost of Johnny Depp will keep hovering until ‘Fantastic Beasts 3’ releases next year on 8th April. Let us know in the comments box below if you would accept Mads Mikkelsen as Grindelwald in ‘Fantastic Beasts 3’ or you will raise your flags to cry for Johnny Depp’s reprisal in the franchise.
Shortage is one of the most recent projects in Q4 2021, creating a continuous backing for its token to help with its overall value in the long term. The project describes its token as a safe-haven asset, leveraging Ethereum as the backing currency. Notably, the straightforward nature of its ecosystem will be a beneficial factor to both starters and professionals in the industry today.
Ketchikan, AK, Dec. 29, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) According to the project, its token is not suitable for trading or short-term investing. This factor is mainly due to its target to add more value as time goes by, incentivizing its holders to store the currency. It also assures users that there is no team to claim any portion of the supply or change the dynamics of how the token and its smart contract works. Anyone can confirm on etherscan.io that the team has transferred the ownership of the smart contract and 100% liquidity to the dead address. This fact further proves that the team has zero control over the project.
Moreover, it has no allocation of the token’s supply to marketing strategies, depending on the community to take up the task. Shortage believes that every holder can take a step to spreading the word about the token through social media, paid campaigns, and sharing to relatives or friends, among others.
Understanding RTG Tokenomics
The first unique thing to understand about the RTG token is that there will be no official presale. The project has a great focus on liquidity and burning the token during its existence in the industry. The whole concept surrounds reducing its supply while increasing its Ethereum backing.
RTG is an ERC-20 token with a total supply of 2 billion tokens. On December 27, the coin earned a listing on Uniswap V2, which will be the main exchange where you can acquire the coin. 50% of the total supply will go to liquidity locking, meant to remain locked forever. The other half will be burned to increase the scarcity of the token in the market.
Any transactions involving the RTG/ETH pair will incur a transaction fee of 10% from the total; that is from any purchase, sale, or transfer of the token. If you are a holder of the token, you can expect a share from 50% of all transaction fees; the rest will go to the burning address.
Holders do not have to go through a hassle claiming the rewards they earn from holding the token. All you need to do is get a wallet compatible with the pair, fund it, and acquire the tokens you wish. Make sure to set your slippage at 12% to complete all your orders efficiently.
Increasing the Value Holders Get
Currently, 50% of RTG’s total supply is already in the burn address, a move that many existing projects are employing to reduce the supply of their tokens. The basic law of supply and demand states that with reduced supply, demand increases. In the same way, projects wish to derive the most from the same concept by removing them from the circulating supply.
Additionally, when anyone buys or sells RTG on Uniswap V2, part of every transaction fee goes to burning. Also, ETH will replace the RTG tokens, increasing the backing of the Shortage tokens. As such, the backing will always be more than enough to cover the total circulation supply available for sale. As a result, the price floor increases after every RTG transaction.
Lastly, part of the Ethereum backing in the pool will not be withdrawable to ensure a constant boost after every transaction. In the long run, the fruits of this objective will be visible in making RTG a long-term investment option for its holders.
CONTACT: Joe Bell
info (at) shortage.finance
https://shortage.finance
The content is by GlobeNewswire. DKODING Media is not responsible for the content provided or any links related to this content. DKODING Media is not responsible for the correctness, topicality or the quality of the content.
