SANTA MONICA, Calif., Dec. 09, 2019 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”, or the “Company”), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its GopherInsight™ wireless mesh network technology platform and its Avant! AI, for both mobile and fixed solutions, today announced that on December 8, 2019 it was made aware OTC Markets Group added a Megaphone next to the Company symbol, representing potential promotional activities surrounding the Company’s common stock.
Promotional activities generally may involve promotional newsletters, styled as “paid announcements”. The paid announcements generally encourage investors to put the Company’s common stock on their watch list. These apparent third-party promotional activities usually coincided with higher than average trading volume and fluctuations in the Company’s stock price.
The Company was unaware of any promotional activity, was not notified by OTC Markets Group (other that the added “megaphone”) and could not find such promotional activity online, other than what was added the megaphone by OTC Markets. Further, the Company is unaware of the full nature of the promotional activity, the extent of the paid announcements’ dissemination, or the responsible parties.
None of the Company, its officers, directors, employees, consultants, and, to the Company’s knowledge, its controlling or affiliated stockholders (i.e., stockholders who own 10% or more of the Company’s issued and outstanding common stock) has, directly or indirectly, authorized or been involved in any way (including any payments to one or more third-parties) with the authorization, creation, or distribution of any promotional materials, including those noted above; and that none of the Company, its officers, directors, employees, consultants, who sold or purchased shares of common stock of the Company within the last 30 days.
The Company routinely responds to inquiries from stockholders, potential investors, and investment analysts, and generates its own press releases. As such, the Company urges persons interested in the Company, whether or not they are currently stockholders of the Company, to visit the Company’s website and only to rely on information about the Company and about the industry sectors in which it operates that the Company has released. The Company is pleased to address any verification of public material through this designated email address: email@example.com .
The Company is not affiliated in any way with the authors of any promotional “newsletters,” paid announcements, or other such materials. The Company routinely issues press releases in the regular course of its business and includes disclosure of its business activities of the Company in its filings with the Securities and Exchange Commission. Investors are strongly encouraged to rely only on information provided directly by the Company.