GTX Reports Record Q1 Results

GPS SmartSoles Launched – Revenues Up 593% Over 2014 – Clean Balance Sheet       

Well Positioned for 2015 Growth

LOS ANGELES, CA – May 18, 2015 – GTX Corp. (OTCQB: GTXO), an M2M IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology, announced the results of its financial performance for the first quarter ended March 31, 2015.

First Quarter Results

 

  • Revenue increased 593% over 2014 comparable period
  • Q1 revenues exceeded all of 2014 revenues
  • Q1 backlog orders being shipped Q2 2015
  • Net loss reduced 82% versus Q1 2014
  • Raised $225,000 from fixed price convertible notes
  • Eliminated all derivative liabilities
  • Issued a vendor number for medical reimbursement in 2 States
  • High ranking SEO resulting in page 1 on Google search for “GPS Wearable Technology”

 

“Q1 2015 represented a turning point in the history of the Company,” commented Patrick Bertagna, CEO of GTX Corp. “We successfully launched our flagship GPS SmartSoles in domestic and international markets, both through B2B and B2C channels.  The demand for our products is strong and growing, with initial sales going to specific pilot programs, international distributors and retail customers.  A significant amount of our initial inventory was allocated to pilot programs and evaluation units to government and private enterprises that have a defined need for tracking people who have a tendency to wander due to Alzheimer’s, dementia or autism.  Many of those pilots and evaluation units have and will continue to convert to commercial deployments and begin contributing to our subscriber base of recurring monitoring revenues which we are starting to see grow month over month.”

Revenue increased from $20,814 in Q1 2014 to $144,212 in Q1 2015, primarily due to the launch and initial sales of the Company’s flagship GPS SmartSoles.  Gross margin increased from $10,914 in Q1 2014 to $41,863 in Q1 2015 representing the higher level of sales activity and primarily initial hardware sales in Q1 2015.  Net loss decreased by 82% from Q1 2014 to Q1 2015, primarily resulting from the shift in business strategy which we  announced in 2014 and elimination of derivative liabilities associated with floating convertible debentures, all of which have been retired.

Bertagna continued, “As we move through the second quarter, our focus remains on building brand and product awareness, growing our channels of distribution and affiliate partners, and increasing our subscriber base.  We have grown our distribution and affiliate partners to close to 100 so far this year, spanning 13 countries worldwide.  As we continue penetrating our target markets, we are refining our end user services and pricing models to achieve the broadest adoption and eliminate as many barriers to purchase as possible. On the product development side, we expect to roll out the BLE product line later this summer, and we have initiated the development of our next generation (Gen 2 SmartSole) which will be smaller, lower in price, and a longer battery life. Outside of our flagship SmartSoles, we continue to see steady sales growth for drone applications and digital smart phone tracking Apps, each of which contribute to the increase of our recurring subscriber base revenues.”

Mr. Bertagna concluded, “In closing, I want to thank our employees, advisors, directors, consultants, channel partners and vendors, who worked tirelessly to bring us to this juncture. I also want to thank and acknowledge our shareholders who have patiently and faithfully supported us.”

About GTX Corp

GTX Corp (GTXO) an M2M IoT platform 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, with distributors in over 9 countries. The Company is known for its innovative, game-changing and award-winning GPS SmartSole and its blockbuster Smartphone GPS Tracking App. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone 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, global cell 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.

Online: www.gtxcorp.com  www.gpssmartsole.com

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General information, licensing or investor relations:

213.489.3019

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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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GPS SmartSoles® Expanding U.S. Territory with New Rep in Florida

Senate Special Committee on Aging Discusses Advances in Technology to Help Seniors Live Independently

Los Angeles, Calif. – May 14, 2015 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today the appointment of PAL BUTTON Medical Alert Systems as the sales representative for GPS SmartSoles in The Villages & South Florida area. The Nadler’s have been inspiring healthier, safer lives for families for over thirty years. “GPS SmartSole is the perfect complement to our existing products. We are thrilled to be selected as team members representing this innovative product,” said Fyllis Nadler, Director of Operations for PAL BUTTON Medical Alert Systems. “We had great success in presenting the SmartSole at the Fire Safety expo sponsored by the Villages Police and Fire Department, many individuals expressed interest and were excited to know that the product is now available for families.”

Patrick Bertagna GTX Corp CEO commented, “We are excited about bringing on the Nadler’s to handle the South Florida territory as their mission is directly aligned with ours and the U.S. Senate Special Committee on Aging. The ethos of GTX and the SmartSoles is to empower seniors to live more independently through wearable technology.”

Last week the Senate Special Committee on Aging held a hearing, “Aging in Place: Can Advances in Technology Help Seniors Live Independently.”  Led by Chairman Susan Collins, R-Maine, and Ranking Member Claire McCaskill, D-Mo., the hearing helped raise visibility on technology that can empower seniors and maximize their quality of life.

GPS SmartSoles are a stigma free, safety and security proactive monitoring and tracking solution for those who suffer from Alzheimer’s, dementia, autism, and other memory ailments and have a tendency to wander. The patented GPS SmartSoles, which were featured in AARP’s 2015 technology gear guide are placed in the wearer’s shoes and contain a GPS tracking chip connected through a cellular network that sends a signal to a central monitoring website or smart phone app, showing the exact location of the individual wearing them. They come in several trim to fit sizes for both men and women, are made with the highest quality electronic components and assembled in Rhode Island, U.S.A.

GPS SmartSoles are available for both wholesale and direct to consumer purchase, with 6 months interest free financing. SmartSoles: the “where” in wearable tech.

About PAL

Specializing in 24-7 EMS- monitored home PAL medical alert systems for safety at home and Mobile PAL wearable 2-way voice alert systems for active people on the go. PAL BUTTON proudly carries an A+ rating from the Better Business Bureau and is licensed by the Department of Professional Regulations. For more information about PAL BUTTON visit www.palbutton.com

About GTX Corp

GTX Corp (GTXO) is a pioneer in GPS wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Headquartered in Los Angeles, California, with U.S. distribution and in 9 countries. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets.

Online: www.gtxcorp.com  www.gpssmartsole.com

Social media – #withyou

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

http://www.pinterest.com/GTXCorp/

http://instagram.com/gtxcorp

General information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

http://www.gtxcorp.com/about/licenseinquiry

ir@gtxcorp.com

 

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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GPS SmartSoles at the Fire Safety Fair 4-18-2015 Lady Lake, FL

PAL BUTTON Medical Alert Systems sales representative for  GPS SmartSoles in The Villages & South Florida area.SmartSole and Marshall from PAL BUTTON @Fire Safety Expo 4 18 151 576x1024 GPS SmartSoles at the Fire Safety Fair 4 18 2015 Lady Lake, FL 

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GPS SmartSole Launches in Australia at CeBIT 2015

mCareWatch Pty Ltd Signs distribution agreement and places first commercial order with GTX Corp

Los Angeles, Calif. – May 7, 2015 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today the signing of a distribution agreement with mCareWatch Pty Ltd, an Australian healthcare technology company focused on providing market leading assisted living, mobile health and tele-care solutions.
mCareWatch introduced the patented SmartSole® wandering assistive wearable technology at the Global Business Technology Event- CeBIT, May 5 – 7 at Sydney Olympic Park. mCareWatch has placed its first commercial order which is scheduled to ship next week and will begin selling the SmartSole in Australia in May.
Andrew Duncan, Director of International Sales at GTX Corp, remarked, “There are close to 350,000 people living with dementia in Australia, with 1,800 new cases diagnosed every week and an estimated 1.2 million caregivers. As part of our global go to market strategy, we are excited to begin selling our flagship GPS SmartSole in Australia and we look forward to a successful launch at CeBIT and long-lasting relationship with mCareWatch.”
Peter Apostolopoulos, co-director and founder of mCareWatch commented, “The latest figures on Australia’s aging population have sparked ongoing debates in social, economic and political spheres. The elderly, disabled and those with special needs have constant concerns about health and safety in their daily lives, and in too many cases, this seriously limits their confidence, mobility and independence. This is why we are excited to partner with GTX Corp and offer the Australian senior community an innovative solution such as the GPS SmartSole that can immediately provide safety and security to the wearer and peace of mind to their caregiver.”
GTX Corp’s patented GPS SmartSoles, which were featured in AARP’s 2015 technology gear guide are placed in the wearer’s shoes and contain a GPS tracking chip connected through a global GSM cellular network that sends a signal to a central monitoring website or app showing the exact location of the individual wearing the SmartSoles. They come in several trim to fit sizes for both men and women, are made with the highest quality electronic components and assembled in Rhode Island, U.S.A.

The value behind the SmartSole Platform is its ability to be a ‘wearable’ yet ‘invisible’ stigma free monitoring solution that alerts a caregiver when the wearer wanders off, sending a text or email to the caregiver’s phone and computer, with a direct link to a map plotting the wanderer’s location.

GPS SmartSole U.S. order information and 6 months interest free financing.
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. Headquartered in Los Angeles, California, with distributors in over 13 countries. GTX provides solutions that answer the “where” question: where is my mother, child, employee, vehicle, drone 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 and connectivity 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.
Online: www.gtxcorp.com www.gpssmartsole.com
Social media – #withyou

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

http://www.pinterest.com/GTXCorp/

http://instagram.com/gtxcorp

General information, licensing or investor relations:
info@gtxcorp.com

http://www.gtxcorp.com/about/licenseinquiry

ir@gtxcorp.com
213.489.3019
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’s New E-commerce Store Features 6 Month Interest-Free Financing on GPS SmartSoles

Los Angeles, Calif. – May 1, 2015 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today that it is offering 6 months interest-free financing for its flagship GPS SmartSoles. Available through its newly launched e-commerce store customers will have the option of signing up for a payment plan through PayPal, offering 6 months interest free financing.

“By providing our consumers interest free financing, we are making the SmartSoles easier to purchase for individuals of all backgrounds and lifestyles”, commented Meghan Ravada, head of consumer sales at GTX Corp. “this technology is so essential for those caring for individuals with cognitive-impairing diseases such as Alzheimer’s and Autism that we want to make it easy and affordable for all”.

GTX Corp’s patented GPS SmartSoles, which were featured in AARP’s 2015 technology gear guide are placed in the wearer’s shoes and contain a GPS tracking chip connected through a cellular network that sends a signal to a central monitoring website or app showing the exact location of the individual wearing the SmartSoles. They come in several trim to fit sizes for both men and women, are made with the highest quality electronic components and assembled in Rhode Island, U.S.A.

The simplicity behind the SmartSole Platform is that when someone wanders off or becomes lost, a text or email alert is sent to a phone and computer, with a direct link to a map plotting the wanderer’s location delivering peace of mind to the caregiver.

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. Headquartered in Los Angeles, California, with distribution in 9 countries. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets.

Online: www.gtxcorp.com www.gpssmartsole.com

Social media – #withyou

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

http://www.pinterest.com/GTXCorp/

http://instagram.com/gtxcorp

General information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

http://www.gtxcorp.com/about/licenseinquiry

ir@gtxcorp.com

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