Addition Brings Total International Distributors to 7 with 5 More Currently Testing
LOS ANGELES, CALIFORNIA – MARCH 11, 2015 – GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies, is pleased to announce the addition of Track & Trace NL to its growing list of international distributors. Track & Trace is based in the Netherlands and has been supplying GPS tracking solutions in the Netherlands, Belgium and surrounding countries since 2010.
“The GPS SmartSole is one of the most innovative products we have seen for our customers,” commented Marcel Timmerman, Director of Track & Trace NL. “With our focus on personal tracking solutions in the healthcare sector, the GPS SmartSole fits well within our portfolio of products. Our growing demographic of elderly with cognitive memory disorders in the Netherlands and Belgium has provided us with a unique opportunity to be a trusted source of technology enabled products. We are thrilled to partner with GTX Corp on its GPS SmartSoles and BLE SmartSoles in our markets and have already received tremendous media coverage form local TV, radio and newspapers.”
Andrew Duncan, Director of Business Development for GTX Corp, commented, “The demand for our products internationally and the press we have been receiving is extraordinary. The addition of Track & Trace NL brings another high quality distributor into our group, and brings our total international distributor base to 7 with another 5 currently evaluating the SmartSoles. Initial order volume from international markets has surpassed our expectations with several countries already on their 3rd reorders and we look forward to continuing to build our distribution base both domestically and internationally.”
The Alzheimer’s Association’s latest statistics reveal that the world’s population is aging with more speed and difficulty. One in three seniors dies with dementia. 25 percent of caretakers are long-distance providers, and by 2050, it is expected that Alzheimer’s will cost the nation $1.2 trillion as the number of patients with dementia increases.
The Netherlands, have been on the forefront of experimenting with new approaches to how to deal with the increasing problem of Alzheimer’s and Dementia, with its world re-known Dementia and Alzheimer village of Hogewey, a cutting-edge elder care facility on the outskirts of Weesp, just minutes from downtown Amsterdam. “Dementia Village” as it has become known is a place where residents can live a seemingly normal life, but in reality are being watched all the time.
About GPS Track & Trace NL
GPS Track and Trace has been in the business of supplying GPS tracking products since 2010 and supplies a wide range of products through their online store Tracktraceshop.com to customers in the Netherlands, Belgium and surrounding countries. Over the last couple of years, due to strong demand, the company has focused its attention on providing personal tracking solutions in the healthcare sector. Customers include healthcare institutions, insurers, government and aid agencies, as well as individuals and various companies. All products are inspected locally for quality and experienced staff are available to answer any questions that may arise. The company’s website can be found at www.tracktraceshop.com.
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 blockbuster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where“ question: where is my mother, child, pet, vehicle and high value assets.
Through a robust global enterprise monitoring platform and licensing subscription 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 and was recently featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio.
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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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