GTX Corp Comments on Q2 Performance and Outlook

Los Angeles, Calif. – August 14, 2014 – GTX Corp (OTCQB: GTXO), a pioneer in personal location wearable technologies, announced today commentary on its second quarter performance, along with the outlook for the balance of 2014.

Q2 2014 Highlights:

  • Launched pilot program for GPS & BLE SmartSoles with 30 active and pending programs in 12 countries
  • Accepted orders for close to 1,000 GPS and BLE SmartSoles
  • Launched 2 products on Amazon
  • Continued penetration of products into new Drone vertical with over 300 units shipped
  • Integrated wireless inductive charging in embedded and stand-alone products
  • Strengthened intellectual property portfolio with key patent “286” addition
  • Featured in WSJ, CNN, BBC, FOX News, Business Journals and several others media outlets.

“As we discussed in our last shareholder update, GTX continues its transition from the licensed GPS Shoe model to the direct product to user model and is focusing its efforts on product development and channel partner distribution,” commented Patrick Bertagna, Chief Executive Officer of GTX Corp. “As we begin finalizing our product development phase and get closer to a commercial launch we are starting to ramp up our marketing initiatives through – trade shows, social media campaigns, recent press and our existing global relationships, and have been successfully enrolling potential partners into our Pilot Programs. We are currently managing 10 – 15 inquiries per week and plan to enroll up to 100 pilots. We are working closely with select groups ranging from assisted living communities, health organizations, Int’l distributors, domestic resellers and sales organizations, advocacy groups and high profile influencers in the sports, media, academia, security, government, municipal and philanthropic organizations that we believe have the potential to result in large scale deployments in the future.”

 

Mr. Bertagna continued, “In addition to our product and business development activities, we have also made significant strides in enhancing the value of our IP portfolio, through the issuance of our latest patent, which we refer to as our ‘286 Patent’.  The 286 Patent is significant and a possible game changer as it covers communication protocols across a broad range of wearable devices with respect to how they store and transmit data.  Even more significant is the priority date granted, which dates back to early 2008, providing us with significant intellectual property protection and potential for monetization.”

“The Company has developed and introduced to the market place a robust line of GPS, Cellular and BLE monitoring and tracking technology across 3 product lines – embedded, all purpose, and digital – all 3 come with different monthly subscription plans ranging from $2.00 to $30 per month and all 3 are currently being sold into the market place. As our channels of distribution for these 3 product lines start to convert from pilots or soft launch to full commercial rollouts, the Company should start realizing an increase in unit and App sales and related monthly recurring service fees.  As we move into the back end of the year, we remain confident in our direct product to user approach and appreciate the support we have received from the industry, our partners and our shareholders alike.”

About GTX Corp

GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California and known for its game-changing and award-winning patented GPS Smart Shoe, its block buster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where is” question: where is my mother, child, pet, vehicle and high value assets.

Through a robust enterprise platform and licensing business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc. which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.

Online: www.gtxcorp.com  http://www.facebook.com/gtxcorpcom –   http://www.twitter.com/gtxcorp

Product and licensing e mail – info@gtxcorp.com  or http://www.gtxcorp.com/about/licenseinquiry

Investor Relations ir@gtxcorp.com   www.stockr.com/gtxo

Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects”, “would”, “will”, “believes”, and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause

GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained at http://www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

This past week GTX Corp (GTXO) had the honor and privilege to attend the #C4CT Concussion Awareness Summit at the United Nations in NYC. http://www.c4ctsummit.com/about-the-summit/

What an amazing venue and diverse working group of innovative tech companies, clinicians, medical researchers, policy makers, international diplomats, athletes, celebrities, and philanthropic organizations all assembled under one roof to raise awareness, advance clinical research, develop public policy and explore the potential link between TBI and Alzheimer’s disease in order to address major unmet medical needs and public health issues.

The Summit served as a platform to spread awareness about Alzheimer’s as well as other severe effects of cognitive disorders such as autism and TBI. The GTX team met with Congressmen, Academia, The NYPD, UN Peacekeeping Operations, Professional Athletes, Alzheimer’s Organization and a host of other stake holders involved with finding solutions to this soon to be 1 trillion dollar global epidemic. How do WE CARE FOR and PAY FOR the millions of people afflicted across the world.

While many of the sessions were focused on treatment and cures, our GPS SmartSoles™ were well received as an immediate solution to help safely and easily find those who wander off. Below are a few pictures from the event.

Sincerely,

GTX Corp Team

Patrick Bertagna, Professor Andy Carle, Theresa Gordon who attended the Summit.

SmartSole UN 3 7 14 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

SmartSole UN 1 7 14 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

photo 3 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

MG 5515 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

Theresa Gordon, Patrick Bertagna, Professor Andy Carle

 

photo 1 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

photo 2 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

IMG 7960 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

roger gtx meeting GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

Discussing the GTX SmartSoles with various officials including Inspector Matthew Sullivan of the United  Nations’ Department of Safety and Security,Ralph Kader, CEO of the U.S. Federation for Middle East Peace and officers from the NYPD.

 

IMG 8015 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

 

SmartSole UN 4 7 14 GTX Corp at the #C4CT Concussion Awareness Summit at the United Nations in NYC

From L to R: TBG CEO Jack Brewer, GTX Corp CEO Patrick Bertagna, DirectView CEO Roger Ralston and Super Bowl Champion/Former Pro Bowl NFL WR Sidney Rice in front of United Nations   

More GTX Corp News:

GTX’s Sole Resource Has A Great Memory…Includes A Bread Crumb Trail (GPS Wearable Tech)

Entrepreneurs chasing the silver dollar

Following in your footsteps: SmartSoles bring GPS to heel

http://m.bizjournals.com/bizjournals/how-to/growth-strategies/2014/07/how-alzheimer-s-affects-us-all-and-why-there-hope.html?r=full

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