TPT Global Tech Initiates Tuskegee, Alabama "Smart City" Project Through Real Estate Sales Agreements with Limited Partnerships Led by Legendary Civil Rights Attorney Fred Gray Who Represented Martin Luther King and Rosa Parks

May 17, 2022

SAN DIEGO, CA / ACCESSWIRE / May 17, 2022 / TPT Global Tech, Inc. www.tptglobaltech.com ("TPTW" or the "Company") (OTCQB:TPTW) announced today that the company has officially initiated its "Smart City" project with the execution of Real Estate Sales Agreements to acquire approximately 135 acres of land in Tuskegee, Alabama. CEO Stephen Thomas entered into the transactions with the Gray Family Limited Partnership and Lakeside Ranch, Inc. represented by legendary Civil Rights Attorney Fred Gray. The two parcels of land, which have been in Mr. Gray's family since the 1980s, are comprised of one approximate 45-acre parcel along Tuskegee Lake and the second an approximate 85-acre parcel along route 80 heading to Auburn, Alabama. Per the agreement, TPT Global Tech will be paying approximately $1.7M for the properties, of which it paid a combined $10,000 in down payments. The Company has until November 11, 2022, to close the transactions including paying the remainder of the purchase price which it intends to fund from current fundraising efforts. Closing of the transactions are subject to obtaining financing, all surveys, and finalizing master plans for the kick-off of the Company's "Smart City" project. The Company has been working with the Director of the Macon County Economic Development Corp., Joe Turnham, Tuskegee Mayor Tony Haygood, the Tuskegee City Council, and the Tuskegee Utility Company to secure additional land for its project.

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