Last week, the Global Tech Industries Group Inc (OTCMKTS:GTII) stock emerged as one of the notable gainers as it ended the week with gains of 5%. In this context, it is necessary for investors to take a look at a key announcement from the Nevada corporation back on September 3.
The company announced that it created a new subsidiary company in the state of Nevada named Global Tech Health Inc. It is important to note that this corporation was formed by the company while abiding by the provisions of the binding agreement that it signed with We SuperGreen Energy Corp.
The company decided to form this subsidiary with the intention of keeping the healthcare and eye care units separate. The Chief Executive Officer of the company David Reichman spoke about the matter as well. He stated that Global Tech Health Inc could be the first of many subsidiaries that the company is going to form so that it can get into a wide range of industries.
He went on to state that Global Tech Industries decided to start with the health services unit since the company has been involved in the particular sector for a considerable length of time.