GTX Corp Comments on 2015 Performance and 2016 Roadmap

Revenues increased 225%, Net profit increased 135%, Net losses decreased 29%

Los Angeles, Calif. – April 22, 2016GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today commentary on the Company’s financial results and operational highlights for year-end December 31, 2015.

2015 Milestones:

  • Launched GPS and BLE Patented SmartSoles
  • Added channel partners in 14 countries
  • Added a Fulfilment center in Ireland to service European customers
  • Built a domestic network of salereps, online affiliates and retail stores
  • Have reimbursement codes or vendor numbers in 5 States
  • Strengthened and grew our IP portfolio –  granted new patents and filed new patents
  • Developed our next generation SmartSole®
  • Signed global connectivity agreement with Telefonica
  • Added 4 retired and active professional athletes as brand ambassadors for a total of 6
  • Year over year- revenues up, losses down and average revenue per subscriber (RPS) up by over 400%

Management commentary:  Patrick Bertagna, CEO of GTX Corp.

2015, as highlighted above, was a good year overall. We increased revenues, grew our subscriber base, added partners across the globe and increased our RPS over 400%. We added patents, sales reps, online affiliates, brand ambassadors, employees, advisors, website clicks and hits, and we are still on page one in a google search for GPS Wearable Technology. Compared to 2014 we made a lot of progress and we will continue to make progress in 2016. But our long term progress cannot always be measured in three month increments and our ebbs and flow should not be confined to a quarterly filing, especially where we are today in our growth cycle. Our drop in revenues in Q4 was not related to any slowdown in momentum, but rather due to the growing pains many emerging companies go through. We basically needed to manage inventory and make sure we would have enough on hand to fulfil our consumer orders, which were showing a steady month over month increase. In addition, many of our international distributors were waiting for our next generation SmartSole with an embedded SIM card. With consumer sales increasing and next gen product due in Q1, we decided to hold off shipping our international distributors to ensure there would be no interruption of product supply in the U.S., hence less product was shipped in the fourth quarter.

Looking forward, our long term growth strategy is based on selling solutions to a “needs” market and protecting our products with intellectual property. Our SmartSoles address the “needs” market, which comprises of persons with Alzheimer’s, autism, dementia, and traumatic brain injury, all of which have high tendencies to wander, do not want to be stigmatized with visible devices on them and need to be tracked regularly.  Our SmartSole is a “best in class” product for this demographic and we protect our product and this market with an extensive IP portfolio including the ‘286’ patent family, which is not restricted to footwear but has a far broader reach. Our ‘286’ patent effects ANY tracking device, from embedded devices as in the case of our GPS SmartSole®, to other products like a GPS watch, and further to the ubiquitous stand alone, hand held wireless GPS trackers and Smartphones.

Currently there are 100 million people worldwide who are part of this wandering group and that number is expected to reach 277 million by 2050. We continue to believe that the approach of delivering wearable wandering assistive technologies to this growing global population is the most effective way for us to gain traction in the market place. That traction is measured by how many subscribers we have and revenue per subscriber (RPS) which both significantly increased this year for us.

As we move forward into 2016, our focus continues to be on building our sales and distribution channels. We believe our next gen SmartSoles are going to be very well received in the global market place and we already have potential new distributors and OEM partners in new territories and vertical markets ordering samples for evaluation. We also plan to introduce a new revenue stream coming from our recent activity with our patents and will start actively pursuing IP licensing opportunities.

We believe 2016 will continue to grow and trend, and I want to thank our team, partners, shareholders and all the stakeholders that have supported us and continue to support us.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Empowering the global community and keeping you connected to who and what matters most with tracking and recovery location based services. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. 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 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 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 featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio and more recently in the SeeThruEquity research report.

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

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General information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

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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On April 6th, GTX Corp (GTXO) CEO Patrick Bertagna participated in the Brewer Sports Symposium at the United Nations General Assembly

On April 6th, GTX Corp (GTXO) CEO Patrick Bertagna participated in the Brewer Sports Symposium VIII featuring the Sport 4 Development Summit, hosted by The Jack Brewer Foundation and the Permanent Mission of Grenada to the United Nations, in recognition of the International Day for Sport for Development and Peace, at the United Nations General Assembly.

The event honored accomplishments made by governments, NGOs and current and former professional athletes who use sport as a tool to educate and foster social change. In addition, some key attendees included National Football League (NFL) defensive end Carlos Dunlap and ‘Orange is the New Black’ actress Dascha Polanco. Other confirmed attendees included current and former NFL players Charles Way, Tommie Harris, EJ Manuel, Sergio Brown, Santana Moss, and GTX Corp Brand Ambassadors Jack Brewer, Sidney Rice, and Clinton Portis.

To watch Mr. Bertagna’s speech (Begin at 1:59:00), and all additional speeches presented during the S4D Summit, please visit: http://webtv.un.org/meetings-events/watch/sports-4-development-summit-2016-international-day-of-sports-for-development-and-peace/4835713311001


un1 On April 6th, GTX Corp (GTXO) CEO Patrick Bertagna participated in the Brewer Sports Symposium at the United Nations General Assembly  un2 On April 6th, GTX Corp (GTXO) CEO Patrick Bertagna participated in the Brewer Sports Symposium at the United Nations General Assembly

Mr. Bertagna spoke on the importance of sport for the development of peace and unity, “We understand the power of community, the power of empowerment. Just one of the simple tag lines we use at our company is ‘Keeping you connected to whom and what matters most’. And I think sports are indicative of keeping you connected—they transcend racial divide, they bring people together—people who may not normally see eye to eye all of a sudden bond.” Mr. Bertagna continued his speech, with focus on sport being an intricately woven part of our global fiber, offering itself as a catalyst for positive change and as a platform for all to unite.

un3 On April 6th, GTX Corp (GTXO) CEO Patrick Bertagna participated in the Brewer Sports Symposium at the United Nations General Assembly
The Sport 4 Development Summit aims to raise awareness for the benefit of using sport as a catalyst for developmental change and peace around the world and the tools that the United Nations and JBF Worldwide provide to do so. The summit also aims to create opportunities, synergies and partnerships between the sports community, NGO community and participating members of the United Nations, to foster new development projects and ideas.

Photos Courtesy of ChelaCPhoto

 

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GTX Corp on the Security Guy Radio show – GPS Monitoring of Alzheimer’s Patients with GPSSmartSole.com

GTX Corp on the Security Guy Radio Show

We discuss Security, the GPS SmartSoles, our partners COPsync and Telefonica, along with Trust 2 Protect and Blue Alert Foundation

 

 Integrated Wearable Technology

The patented GPS enabled “Smart” insoles fit easily into most adult shoes and let you monitor the whereabouts of loved ones who may have a tendency to wander or at risk of becoming disoriented and lost. No need for them to remember to carry a separate tracking device, just slip on their shoes and go – like they normally would. Seamless and effortless.

You can track their location through any smartphone, tablet or web browser, set up text and e-mail alerts if they leave or enter defined areas on a map.

GPS SmartSoles provide peace of mind for family members and those caring for the millions of people suffering from memory impairment and wandering which can be caused by Alzheimer’s, Dementia, Autism, Traumatic Brain Injury or other cognitive memory disability.

Discreet Monitoring

The ergonomic GPS SmartSoles* slide into shoes and feel like regular insoles.
Loved ones can be tracked unobtrusively and remain free from the stigma of “lock on” bracelets.

Easy Mapping

Use a computer, tablet or smartphone to go online and view the location history on a map. Just login to the online portal, no additional software needed.
Includes the free Smart Locator mobile app (iOs & Android) for access to the location of loved ones at the touch of a button.

Reliable Coverage

Cellular technology within GPS SmartSole enables connectivity in the U.S. wherever 2G T-Mobile and/or AT&T GSM coverage is available.
1-2 day battery life with normal use ensures you are connected when you need it most.
Customized Alerts

Create geozones around addresses to receive notifications when the GPS SmartSoles* approach or leave specified areas.
Receive alerts such as ‘power on’ and ‘low battery’, which can be sent to multiple caregivers via email or text message.

– See more at: http://www.gpssmartsole.com/gps-smart…

 

For GTX Corp general information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

ir@gtxcorp.com

 

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COPsync and GTX Corp Sign Mutual Referral Agreement for Products Targeting Law Enforcement and Safety

copsync COPsync and GTX Corp Sign Mutual Referral Agreement for Products Targeting Law Enforcement and Safety

Real-Time Information Sharing is Hallmark of Both Companies

DALLAS, TX – April 11, 2016 – COPsync, Inc. (NASDAQ: COYN), a leading network services company operating the nation’s only law enforcement in-car, real-time information sharing and data communication platform and the COPsync911™ threat-alert service for schools and potentially at-risk facilities, announced today that it has entered into a mutual referral agreement with GTX Corp (OTCBB: GTXO), a global provider of a Personal Location Services (PLS) platform using wearable technologies. Under the terms of the agreement, the two companies will provide joint referral and introduction services, initially targeting law enforcement agencies, care facilities, and hospitals.

COPsync is undergoing an aggressive nationwide sales expansion of its cutting-edge Software as a Service (SaaS) network. The COPsync Network™ currently has customers in approximately 79% of the 254 counties in the State of Texas and has a growing list of subscribers in Louisiana, Massachusetts, and New Hampshire. Subscribers to the COPsync911 threat-alert service reached 847 at the end of 2015 with the Company recently expanding its footprint into the State of New York. As part of its expansion strategy, the Company is seeking out potential business partners in complementary areas, to jointly leverage sales force efforts and marketing personnel.

GTX Corp’s flagship product, the GPS SmartSoles, provide a wearable unobtrusive monitoring and tracking solution for those who suffer from Alzheimer’s, dementia, autism, TBI and other memory disorders that have a tendency to wander. GTX provides its GPS SmartSoles to law enforcement agencies to offer them to families or caregivers of people who frequently wander away. This solution alerts caregivers when the wearer moves outside a set perimeter in real-time, sending texts or emails with a direct link to a Google map plotting the individual’s exact location. This wearable technology provides peace of mind to caregivers and allows police departments to conserve valuable resources.

“Both COPsync and GTX Corp focus on providing real-time protection for our customers, and also target similar end markets creating the potential for a beneficial referral relationship. We look forward to working with GTX on ways that both companies can leverage their platforms and marketing efforts with a focus on law enforcement agencies to deliver the best in class solutions,” commented Ron Woessner, CEO of COPsync.

Patrick Bertagna, CEO of GTX Corp, stated, “We are excited to be working with COPsync, an industry leader, and a company that aims to protect people and members of law enforcement with its real-time information sharing and data communication network. Both COPsync and GTX Corp are focused on keeping people connected and safe through innovative communication and location-based technologies so working together to expand our marketing efforts makes perfect sense.”

About COPsync, Inc.

COPsync, Inc. (NASDAQ: COYN) is a technology company that improves law enforcement communication in a manner that saves officers’ lives and helps them prevent and respond more quickly to crime. Officers have instant access to actionable, mission-critical data, share information, and communicate in real-time with other officers and agencies, even those hundreds and thousands of miles away. The COPsync Network™ also eliminates manual processes and increases officer productivity by enabling officers to write electronic tickets, accident reports, DUI forms, arrest forms and incident and offense reports. COPsync’s threat-alert system, COPsync911™, enables schools, courts, hospitals, and other potentially at-risk facilities to automatically and silently send emergency alerts directly to local law enforcement officers in their patrol cars during a crisis, thereby speeding first responder response times and saving minutes when seconds count. The Company also sells VidTac®, a law enforcement software-driven in-vehicle video system. Visit www.copsync.com and www.copsync911.com for more information.

 

About GTX Corp

 

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery location based services. Through its proprietary enterprise monitoring platform and licensing, subscription recurring revenue business model, GTX Corp offers a complete end-to-end solution of hardware, software and connectivity, backed by an extensive portfolio of patents. Headquartered in Los Angeles, California and a European distribution center in Dublin Ireland, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and best in class GPS and BLE SmartSole. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high-value assets. Visit www.gtxcorp.com and www.gpssmartsole.com for more information.

 

Contact:

 

For COPsync:

Ronald A. Woessner

Chief Executive Officer

972-865-6192

invest@copsync.com

 

Media:

Fred Sommer

Senior Consultant

Investor Relations

Ascendant Partners, LLC.

732-410-9810

fred@ascendantpartnersllc.com

 

For GTX Corp general information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

ir@gtxcorp.com

 

Social media – #withyou _ #smartsole

www.facebook.com/gtxcorpcom

www.twitter.com/gtxcorp

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GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office

 



On Monday, April 4th, GTX Corp aligned with the Trust 2 Protect Campaign and its Founder and Partners. Trust 2 Protect Founder Jack Brewer, COPsync, Inc. CEO and Trust 2 Protect Campaign Partner Ron Woessner, and The Blue Alert Foundation Founder/Director Tom Berry.

Trust 2 Protect is committed to national change through developing collaborative solutions that bridge the communication gap dividing law enforcement and citizens, and enhancing the National Blue Alert notification system for officer safety.

 

ny1 GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office        ny2 GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office

Patrick Bertagna, GTX Corp CEO and Trust 2 Protect Sponsor, joined alongside, Mayors, Police Chiefs, Sheriffs, Directors, Judges, Celebrity and Athlete Endorsers, including NFL great and GTX brand ambassador Clinton Portis and the media, for the campaign’s launch event in NYC.

ny3 GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office
 


The Trust 2 Protect campaign launch event occurred within the 84th precinct, and focused on aligning officers from the area with the cause. The 84th Precinct is situated in the northwestern section of Brooklyn. It is a diverse Precinct with many ethnic and economic demographics living and working in close proximity. Following the launch event, Mr. Bertagna had a meeting with the NYPD Commissioner’s Office​.

ny4 GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office
 


The Trust 2 Protect launch events continued on, with an event hosted by the Mayor of Paterson, in New Jersey on April 5th, 2016.

April 5th: Trust 2 Protect Campaign Launch in NJ

Following the initial launch event of the Trust 2 Protect Campaign in New York, GTX Corp and the campaign traveled to New Jersey for an event hosted by the New Jersey Mayor of Paterson, Jose Torres.

 

ny5 GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office
 

As the Mayor of the third largest city in New Jersey, Torres has focused on diminishing crime in the community and has been passionate about bridging the divide between the community and law enforcement. Mayor Torres worked hand-in-hand with the Trust 2 Protect campaign and partners to organize the event in order to highlight the value of Trust 2 Protect for the local communities and introduce the campaign’s mission, to: 

  • Engage law enforcement departments across America
  • Empower departments with the knowledge of the latest safety, communication, tracking and monitoring technologies
  • Promote the good work of our brave men and women in blue

 

ny6 GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office
 

Over 60 law enforcement officers attended the event and included speeches from the Mayor and by many of the Trust 2 Protect members, including the campaign’s endorsers, statements from government officials and personal stories from officers and families. Other attendees included COPsync CEO Ron Woessner, Paterson Police Director Jerry Speziale, Paterson Fire Department Chief Michael Postorino, representatives from various law enforcement agencies including the Passaic County Sherriff’s Office and the William Paterson University Police Department, and representatives from Paterson Public Schools and St. Joseph’s Healthcare System.

 

ny7 GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office        ny8 GTX Corp participates and supports the Trust 2 Protect Campaign Launch in NYC, New Jersey and visits NYPD Commissioner’s Office
 

GTX Corp CEO and Trust 2 Protect Sponsor, Patrick Bertagna spoke on the importance of police presence in the community, law enforcements courage and selfless dedication to keeping all of us safe and how the private sector specifically in high tech industries had an obligation and commitment to developing better technologies and tools for law enforcement. The GPS SmartSoles were discussed as a solution for officers which receive 911 missing persons calls.


On May 10th, 2016 the Trust 2 Protect Campaign will travel to Washington D.C. during police week, and will continue throughout the United States, including Texas and Florida in the coming months.


#Trust2Protect

To donate to the campaign, please visit: www.trust2protect.org

 

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

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GTX Corp | LinkedIn

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General information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

ir@gtxcorp.com

 

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