Global Tech Industries Group has signed a Membership Interest Purchase Agreement with AI Commerce Holdings to acquire all the membership interest, including the assets and operations of MIPA, from the members of AI Commerce Group, a privately held Puerto Rico company in the business of acquiring and operating ecommerce websites and brands to make them more efficient. The new company would become part of GTII through the incorporation of a new, wholly owned subsidiary. AI GROUP was incorporated to take advantage of the inefficiencies in ecommerce by using AI technologies. The team is made up of experts in digital marketing, ecommerce, sourcing and procurement, and banking.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GTII:
- (Corrected) Global Tech Industries Group, Inc. acquires AI Commerce Group, LLC., through a binding Membership Interest Purchase Agreement
- Global Tech Industries Group, Inc. acquires AI Commerce Group, LLC., through a binding Membership Interest Purchase Agreement
- Global Tech Industries Group, Inc. signs a Letter of Intent with BOCA Del Toro, LLC., a Costa Rican Water Company