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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share medium GTX Reports Record Q1 Results

GTX Corp Comments on 2014 Performance and 2015 Roadmap

Los Angeles, Calif. – April 16, 2015 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today commentary on the Company’s performance for last year and what shareholders can expect in 2015.

2014 Milestones:

  • Formal consumer launch of GPS SmartSoles
  • Soft launch of BLE SmartSoles
  • Added new distributors in international markets
  • Expanded into new vertical markets, including drones and workforce tracking
  • Started direct to consumer sales through partners such as Amazon
  • Upgraded backend platform infrastructure and hired new personnel to support growth across product lines
  • Eliminated all toxic convertible debt
  • Strengthened intellectual property portfolio with issuance of ‘286’ patent

Management commentary:  Patrick Bertagna, CEO of GTX Corp.

In 2014, we successfully completed the transition from a licensing model to owning our own product design, manufacturing, sales and distribution, and we cleaned our balance sheet to properly enter 2015 by eliminating all toxic convertible debt.  Our most transformative event was the launch of our flagship GPS SmartSoles in late December, formally putting us into a revenue mode where we controlled our own destiny.  As we move into 2015, our primary focus is on sales and distribution of our GPS and BLE SmartSoles.  We have built a strong network of salespersons, international distributors, online affiliates, partners and vendors to accomplish this task.  In Q1 2015, we sold out of our first production run of 500 GPS SmartSoles, and we see demand continuing to increase in the early part of Q2.  It is extremely rewarding to be able to say we have turned the corner and 2015 is a brand new day in our company’s history. Being a pioneer in personal location and wearable technology, I can’t tell you how excited we are to see our products in the marketplace selling across multiple countries, providing innovative tracking and monitoring solutions. This past year, the entire GTX team has worked tirelessly to get to this juncture and begin delivery of a best in class product and service to the millions of those who need wandering assistive technology. GTX is a business, coupled with a passion and drive that comes from being socially conscious and doing good for people in need.

GTX at its core develops and sells products and services that help find people and things. Our business model involves selling those tracking and monitoring products along with a monthly service plan.  We have a comprehensive tracking platform that supports all of our products and services that we have developed and enhanced since our inception.  Our products are protected by an extensive IP portfolio including the addition of the ‘286’ patent issued last year, which is not just restricted to footwear but has far broader implications. 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.

Last year we announced segmentation of our business into three primary product categories:  embedded, digital and all purpose.  The ‘embedded’ category includes products where our technology is hidden within a consumer friendly form factor.

“The wearable but invisible” GPS SmartSoles are the flagship within this category and are targeted for persons with cognitive memory disorders, including Alzheimer’s, dementia, autism, and traumatic brain injury.  Our digital category offers apps and web products that allow people or organizations to track their persons of interest by using hardware they already own – namely, smartphones and tablets.  Our Track My Workforce app is a prime example, which enables businesses to track employees in the field in real time.  In our ‘all purpose’ category, we offer a myriad of miniaturized low power consumption tracking devices that can be used as desired by consumers or businesses seeking to track something or someone of value.  Our “all purpose” products are used to track drones, shipping containers, medical cargo, vehicles, pets and people, among other uses.

Across all 3 categories, we employ a razor / razor blade model.  We sell our hardware embedded with our technology, and we charge a monthly subscription fee for the data and service.  We seek to deploy as many of our products in the field as possible, and continue to grow our subscriber base of monthly recurring revenues.

In 2015, we expect to continue to invest in product development to enhance our core products and provide additional form factors for new vertical markets.  We are already in a product development cycle for the next generation of the electronics in our GPS SmartSoles which is expected to result in a smaller footprint, longer battery life, and additional tracking technologies such as WIFI and Bluetooth for indoor tracking. Our second generation hardware will enable us to enter into new markets such as children sized insoles, and will streamline our manufacturing and component procurement process reducing cost and increasing logistics efficiency.

Our initial traction for SmartSoles is in the “needs” market, where the product is a solution for someone who needs to be tracked regularly due to a cognitive memory disorder.  Persons with Alzheimer’s, autism, dementia, and traumatic brain injury all have high tendencies to wander.  Currently there are 100 million people worldwide who are part of this 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 challenged growing population is the most effective way to gain traction in the market place.

We are currently in several pilot programs with large organizations where, if successful, we would be in a position to sell thousands of units to a single enterprise.  We are generating strong awareness for our products on the retail front, and continue to see results from these efforts in direct consumer sales through our websites.  In addition, in 2015 we added key salespeople to our team covering domestic markets.  Our international distributors have seen success in Canada and in Europe, and we now are shipping and selling products in 13 countries worldwide.

We believe 2015 will be a breakout year for GTX. We were proud to have executed on all our business goals that we laid out in early 2014, and I want to thank our team, partners, shareholders and all the stakeholders that have contributed in bringing us to this exciting new phase in our journey.

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, the Company is known for its game-changing and award-winning patented GPS Smart Shoe, its blockbuster Smartphone GPS Tracking App, and innovative GPS 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 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.

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

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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share medium GTX Corp Comments on 2014 Performance and 2015 Roadmap

GPS Pilot Makes National News Across Canada

CTV National News: Avis Favaro reports on the technology being tested to help people with Alzheimer’s and dementia.

Can GPS technology help dementia sufferers stay independent longer? From the article:

Of the 40 families in the study so far, three-quarters say the technology works

Each year, dozens of patients across Canada suffering from Alzheimer’s and dementia go missing. For some, it can lead to death if they’re not located soon enough.

In an effort to prevent such tragedies, some dementia sufferers are institutionalized.

Trial researchers are hoping the GPS technology will help keep the growing number of dementia patients safe in their own homes, and thus prolong independent living.

Some of the devices being tested include a watch with two-way communication and a shoe insole with GPS that will give a patient’s exact location.

Researcher Lili Liu says three out of five dementia sufferers will experience some form of wandering.

“We need to allow them the freedom to walk … but to do it with as little risk as possible,” Liu told CTV News.

Of the 40 families in the study so far, three-quarters say the technology works.

Tim said it’s been beneficial to both him and Allison.

Video: http://www.ctvnews.ca/health/health-headlines/can-gps-technology-help-dementia-sufferers-stay-independent-longer-1.2194777

share medium GPS Pilot Makes National News Across Canada

“Interview: Stock News Now – SNNLive – LD Micro Conference – December 3, 2014

GTX Corp CEO Patrick Bertagna Interview at Stock News Now COnference 12/3/2104


share medium Interview: Stock News Now   SNNLive   LD Micro Conference    December 3, 2014

GTX Corp Enters Into Pilot Agreement with Jefferson Area Board for Aging

JABA Represents One of 600 Area Agencies on Aging Available for SmartSole Use

LOS ANGELES, CALIFORNIA – DECEMBER 15, 2014 – GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies, and the Jefferson Area Board for Aging (JABA) are pleased to announce the execution of a pilot agreement for use of GTX’s flagship SmartSoles with JABA clients in  the city of Charlottesville and the surrounding counties  of Central Virginia.  The pilot is planned to kick off during the second week of January 2015, and involves the use of 15 SmartSoles with identified JABA clients.

“The Jefferson Area Board for Aging is pleased to be chosen as the first of more than 600 Area Agencies on Aging in the nation to pilot the GPS SmartSole,” commented Marta M. Keane, Chief Executive Officer, Jefferson Area Board for Aging.  “The value of the SmartSole to enhance the safety of our seniors with dementia, as well as peace of mind for their caregivers is without precedent.  It also serves as an asset for public partners such as the local police, who may be called on to locate and rescue seniors who have become lost.  Seeking technology that pairs compassion with meeting both senior’s and community need is consistent with JABA’s vision, values and mission to be a leader in innovation that supports aging populations.”

Andrew Duncan, Director of GTX Corp, commented, “As a recognized leader in providing services to the aging community, JABA is the perfect candidate to pilot our GPS SmartSoles, while offering  a first step in penetrating the nationwide network of Area Agencies on Aging.  We are thrilled to work with them on implementing this first-of-kind technology for these agencies”

Area Agencies on Aging (AAAs) were created by a federal law in 1974 to help older Americans and their caregivers live quality lives with independence and dignity.  AAAs are considered expert local resources for all aspects of aging, providing advocacy, planning, funding and education services.

“JABA and the more than 600 additional Area Agencies on Aging across the country are providing critical and needed services for our growing aging society,” commented Patrick Bertagna, CEO of GTX Corp. “We are proud JABA recognized the value of our GPS SmartSole for the senior community at risk of wandering and look forward to supporting JABA in this pilot and through a commercial roll out.”

About JABA

Since 1975, the Jefferson Area Board for Aging (JABA) has served the needs of the elderly in the City of Charlottesville and the counties of Albemarle, Fluvanna, Greene, Louisa and Nelson. Throughout the years as a federally mandated Area Agency on Aging to our current position as one of the most celebrated and successful organizations for the aging, JABA has never lost focus of the needs and desires of the community. Working with state and local government, educational institutions, citizens of all ages, businesses and other private organizations, JABA has consistently risen to the challenge of its mission to promote, establish and preserve sustainable communities for healthy aging that benefit individuals and families of all ages.

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 blockbuster 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 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.

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

Product and licensing email: info@gtxcorp.com or http://www.gtxcorp.com/about/licenseinquiry

 

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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share medium GTX Corp Enters Into Pilot Agreement with Jefferson Area Board for Aging

GTX Corp Partners with Life Button 24 for Emergency Response Services

Partnership Provides 24/7 Live Emergency and Concierge Dispatch Service for SmartSole Users

24life GTX Corp Partners with Life Button 24 for Emergency Response Services

LOS ANGELES, CALIFORNIA – DECEMBER 2, 2014 – GTX Corp. (OTCBB: GTXO), a pioneer in personal location wearable technologies, is pleased to announce a strategic partnership with Life Button 24, a division of World Wide Security Group a leading provider of life safety, dispatch and monitoring services since 1979.  Under the strategic partnership, GTX Corp will offer Life Button 24 services to its GPS SmartSole customers, providing 24/7 access to live dispatch operators that can assist caregivers when a loved one goes missing.  The premium service will be offered through GTX on a monthly subscription basis as an “add on” to existing monthly tracking service plans provided by GTX.

“Our GPS SmartSoles were specifically designed for caregivers to be able to react in real time to find a loved one who has wandered off,” commented Andrew Duncan, Director of GTX Corp.  “By partnering with Life Button 24, we will now offer our U.S. customers an enhanced level of service and extra layer of protection.  The service will be able to provide a caregiver with the ability to contact a live person, who can assist in coordinating the successful search and rescue of the loved one, or assist in notifying the proper authorities if needed.  By offering this service, we enable individual caregivers and assisted living staff, among others, with an additional level of 24/7 human response, when critical support is most needed.”

“Life Button 24 is thrilled to provide 24-hour emergency response services in partnership with the GTX Corp SmartSole™ GPS system,” commented Jeff Katz, Director of Project Development for Life Button 24. “Addressing wandering issues of individuals afflicted with Alzheimer’s and Autism is a growing concern for the millions of families and caregivers. Life Button 24 looks forward to being part of a greater solution that delivers peace-of-mind through advanced tracking technology and customized emergency response services which were designed specifically to support applications such as the GPS SmartSole.”

“With initial delivery dates for our GPS SmartSoles to consumers being confirmed next week and several pilot agreements with large organizations kicking off this month, the timing of this partnership with Life Button 24 couldn’t be better.”  After several months of integrating and testing our platform and services and having socialized this new offering with some of our larger partners in law enforcement and the assisted living community, we are extremely excited to start offering this service and look forward to a successful partnership with the Life Button 24 team.”  Commented Patrick Bertagna CEO of GTX Corp.

 

About Life Button 24 & World Wide Security Group

Life Button 24/World Wide Security Group was formed by business partners Kenneth Mara, President and CEO and Joseph Ingegno, Vice President. The company serves the security, life safety and monitoring needs of businesses, consumers and industry throughout the U.S. Since 1979 the company has been providing advanced technology implementation combined with its wholly-owned UL-listed central emergency dispatch center, operating 24 hours a day. The company provides integrated security technology, remote monitoring, managed security services, fire systems, alarm systems, mobile security apps, GPS monitoring and tracking services for companies and individuals. GPS locating technology, products and services are available through Life Button 24. Offerings include a mobile security app, pendant, watch and two-way communications platform with nationwide GPS locating response. All products utilize an onsite emergency dispatch center providing a customized approach to GPS tracking to locate people and assets. Industries served include: financial, hospitality, special needs, schools and universities, real estate, pharmaceutical, government, utilities and the general public.

 

 

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 blockbuster 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 email: info@gtxcorp.com or http://www.gtxcorp.com/about/licenseinquiry

 

 

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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share medium GTX Corp Partners with Life Button 24 for Emergency Response Services

November is National Alzheimer’s Awareness Month

In 1983, President Ronald Reagan designated November as National Alzheimer’s Awareness Month stating, “The fight against Alzheimer’s disease needs many allies. I salute the many Americans who are working for increased public awareness of this baffling disorder and the scientists whose research holds the promise of hope.”

A little over ten years later he would announce his own affliction with Alzheimer’s and note, “Unfortunately, as Alzheimer’s disease progresses, the family often bears a heavy burden.”

November is also Family Caregivers Month, helping to shine a light on the amazing efforts more than 65 million Americans provide every year as unpaid caregivers.

In recognition and support of this work , we at GTX Corp invite you to join us in taking the next 4 weeks to spread the word and help raise awareness for Alzheimer’s and Family Caregivers. Join us on Twitter, Facebook, LinkedIn and Pinterest as we share facts, tips, quotes and more about Alzheimer’s and Caregivers. Be sure to use the hashtags #endalz, #gopurple and #GPSSmartsole to spread the word and raise awareness.
redpx November is National Alzheimers Awareness Month

Online: – www.gtxcorp.comwww.facebook.com/gtxcorpcomwww.twitter.com/gtxcorp  – www.pinterest.com/GTXCorp www.linkedin.com/WearableTechnology

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GTX Corp Announces Starting Commercial Production of GPS SmartSoles

Initial Q1 2015 Delivery of SmartSoles Already Sold Out

 

LOS ANGELES, CALIFORNIA – OCTOBER 30, 2014 – GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies, is pleased to announce that it has officially entered the volume production cycle for its GPS SmartSoles, with expected first delivery in late December. The GPS SmartSoles are being manufactured in partnership with Atlantic Footcare, Inc., a leading designer and manufacturer of orthotic insoles for over 20 years and strategic partner of the Company.

“We have hit a true tipping point with this initial production run of our patented GPS SmartSoles,” commented Patrick Bertagna, CEO of GTX Corp.  “All of the units in the first delivery are already spoken for with our current backlog and demand, from high profile pilot programs to actual orders we have received in the recent months. Shipping these units in the field starts to build upon our channel partner pipeline and recurring revenue base of installed units, and more importantly allows us to start shipping production units to our potential large accounts transitioning out of their pilots into a commercial status. We have put into production a 4 month rolling forecast expecting delivery of the first units to arrive and be deployed by late Q4 2014 throughout Q1 2015.”

“We have been extremely pleased from the high quality standards implemented by our manufacturing partners, which use the highest quality and most advanced GPS and Cellular electronics, designed and assembled in Germany, before being manufactured into insoles in Rhode island”, commented Andrew Duncan, Director at GTX and Head of Product and Business Development . “Our decade plus experience in the wearable GPS market and close ties and heritage to the technology and footwear industry have allowed us to develop, patent, manufacture and bring to market a state of the art product, garnering worldwide attention, in a short period of time.”

The GPS SmartSole features a miniaturized GPS and cellular tracking chip embedded in a comfortable, cut to fit, water resistant insole, providing the ability to track persons of interest remotely from any computer, tablet or smartphone.  The GPS SmartSole is powered by an inductive charging rechargeable battery that lasts 3-5 days on a single charge.

“The interest and demand for our GPS and BLE SmartSole products increases every week,” continued Mr. Bertagna. “From the media buzz to assisted living facilities, police departments, security agencies and caregivers of those afflicted with Alzheimer’s, Autism and TBI are stepping up to be the first users of the SmartSoles. The recent current events have also sparked interest from the UN to track health workers in West Africa along with support staff and journalists in the Middle East. This is truly exciting times for GTX and we are ready to commercially bring this product to market.”

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 blockbuster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where is” question: where is my mother, child, employee, vehicle and high value asset.

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 email: info@gtxcorp.com or http://www.gtxcorp.com/about/licenseinquiry

About Atlantic Footcare

Atlantic Footcare has been a leading designer and manufacturer of insoles for over 20 years.  Known internationally for its innovative products under the Prothotics and Prosole brands, the Company and its Asian affiliates have supplied millions of insoles to major athletic and shoe companies where its record for quality, price and service is at world class standard. With over seventy people employed all contributing to the proud Made in U.S.A. label. Atlantic also supplies the professional medical market with Medicare (PDAC) reimbursable insoles for comfort and diabetic care from its plant in Rhode Island; along with being a primary supplier of insoles for US military footwear.

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 Media Update

 

 

 

Dear GTX Friends, Colleagues and Loyal Followers,

The past few months have been filled with excitement as we near our launch of the GPS and BLE SmartSoles.

As a recap we wanted to share with you some of our recent highlights:

From entering into the Security market, to Jack Brewer retired NFL player and current UN Ambassador starring in a video, to how our patented SmartSoles have helped retired boxer Ray Ciancaglini, along with several other announcements and media mentions.

Jack Brewer Highlights Security in GTX Corp’s GPS SmartSoles™

GTX Corp Enters Security Market with Patented GPS SmartSole™

GTX Corp.—GPS SmartSole Now Also For Personal Security

Wandering solutions for Alzhiemer’s caregivers – GTX featured in SavvySeniors

GPS SmartSole Wearable Technology by GTX Corp on FairchildTV Canada

About Alzheimer’s disease (GTX at the Minnesota State Fair) via gpsinsole.com/blog

GPS SmartSoles™ Expand into Canada

GTX is making a difference in people’s lives- see what retired boxer afflicted with dementia has to say about the GPS SmartSoles.

“Every successful boxer knows the importance of having quality trainers work their corner.  The great Muhammad Ali was guided by legendary trainers, Angelo Dundee and Bundini Brown.   As a former boxer,  battling the progressive stages of dementia, I am very grateful to have the GPS SmartSole working my corner, ensuring me a better quality of life while maintaining my dignity and affording my family the peace of mind that my getting lost is a worry of the past.”  – Ray Ciancaglini, former professional boxer and award-winning concussion awareness activist.  (WWW.thesecondimpact.com)

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About Alzheimer’s disease

It is estimated that more than 5.4 million people in the United States suffer with Alzheimer’s disease and over 500,000 new patients are diagnosed every year, with almost one in eight older Americans affected by the disease. Alzheimer’s is the third leading cause of death in the United States. The cost of unpaid care in the United States is estimated at over $210 billion and estimated that the expenditures in the United States will exceed $1.4 trillion by 2050.

While there is no cure in sight, there is a solution that can help monitor those who are afflicted. GPS SmartSoles empowered by GTX Corp

The GTX Corp GPS SmartSoles were exhibited this past week at the Wiser Living building at the “Great Minnesota Get Together” (State Fair)

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