LOS ANGELES, CALIFORNIA–February 25, 2016– GTX Corp (OTC: GTXO), a pioneer and global provider of wearable monitoring and tracking solutions using GPS, Cellular and BLE technology, reports a successful presentation at the SeeThruEquity & The Brewer Group 2nd Annual Innovations Investor Conference at The Ritz-Carlton in Miami on February 22, 2016.
GTX Corp CEO, Patrick Bertagna, presented on the Company’s 2016 initiatives—discussing where the ever-growing $18 billion dollar wearable technology industry is heading and the Company’s positioning as a pioneer in the industry, specifically relating to its recently granted new patents and the overall value proposition of its entire IP portfolio. Mr. Bertagna discussed GTX Corp’s expanding domestic and international distribution channels, current Pilot programs and new product launches, the value behind reimbursement codes in 4 States, and how the Company is planning to grow its global subscriber base. Mr. Bertagna also touched on 2015 millstones:
- Revenues increased 405% over 2014 comparable periods
- Subscribers increased 300% over 2014 comparable periods
- Subscriber revenues increased 136% quarter over quarter
- Active units in the field and subscribers in over 35 countries
- Opened a distribution center in Ireland servicing B2C Europe demand
- Reimbursement Codes or Vendor Number in 4 States
- Signed Global Connectivity agreement with Telefonica, implemented an embedded SIM card and global flat rate pricing
- Added 4 professional athletes as brand ambassadors
- Became a member of the United Nations Global Compact
- SeeThruEquity initiated coverage with a $.09 target price
The Company also reported successful 1 x 1 meetings with institutional investors and companies, to begin identifying opportunities and strategic partnerships.
Since the company’s founding in 2011, SeeThruEquity (STE) has been committed to its core mission: providing impactful, high quality research on uncovered and under covered microcap stocks and hosting investor conferences throughout the year. STE has been able to grow its research universe to over 176 names.
STE conferences are the ultimate event for publicly traded companies with less than $1 billion in market capitalization because it augments the conference experience with the firm’s research which is part of Wall Street consensus and available across industry leading platforms including Thomson First Call, FactSet, S&P CapitalIQ, Yahoo! Finance and Bloomberg to name a select few. STE has hosted 20 investor conferences which have showcased over 350 companies, attracted over 4500 attendees and have included over 1,700 1-on-1 meetings.
For more information please visit www.steconference.com.
About The Brewer Group
The Brewer Group, Inc. (TBG) is an industry agnostic investment and consulting company with assets ranging numerous sectors. TBG’s relationships with key international decision makers spanning government development agencies, financial institutions, multinational corporations, NGOs and numerous leaders in sports and entertainment place TBG in a unique position to grow its portfolio. TBG takes pride in identifying companies whose goal is to make a social impact on the communities in which they serve. For further information, please visit www.thebrewergroup.com.
About GTX Corp.
GTX Corp (GTXO) is a pioneer in smart, mobile and wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning GPS and BLE SmartSole and blockbuster smartphone GPS Tracking App. GTX provides solutions that answer the “where “questions: where is my mother, child, employee, vehicle, drone and high value assets? Through a proprietary global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end-to-end solution of 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 also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. GTX has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URLs, and was featured in a 38-page research piece outlining the value proposition of the company’s IP portfolio and more recently in the SeeThruEquity research report.
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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.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding the Company’s ability to obtain adequate financing on a timely basis including financing for specific projects, (ii) the financial and operating performance of the Company’s projects after commissioning, (iii) uncertainties regarding the market for and value of carbon credits and other environmental attributes, (iv) political and governmental risks associated with the countries in which the Company operates, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required government permits and approvals, (vi) the development stage of the Company’s business, (vii) its lack of operating history and (viii) the financial, technological, and regulatory uncertainties relating to developing, constructing and completing to operational status, a biogas generation facility such as the Project. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.
The Company assumes no obligation to update the information in this release.