Scottsdale, Arizona – November 23, 2015 — QualityStocks today announces the availability of a new audio interview with Patrick Bertagna, CEO of GTX Corp (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology. The interview can be heard at http://www.QualityStocks.net/interview-gtxo.php.
Interview host Stuart Smith starts off the interview by asking Bertagna for a description of the company’s business model, target markets and technology.
“We’re basically an IoT company (Internet of things) and we use GPS, cellular and blue tooth – low energy blue tooth – as our transportation and communication protocols to basically enable people to find other people or high-value assets … tracking people with cognitive disorders is the ‘sweet spot’ … currently there’s approximately 2% of people on earth that have some form of memory disorder – think Alzheimer’s, dementia, autism, traumatic brain injury – and most of these people have one thing in common: they wander. They can just wander off and disappear and if not found within 24-48 hours it could be very dangerous or even perilous,” Bertagna says.
He further explains that GTX’s solution to this danger is its award-winning, patented GPS Smart Sole, which is a non-intrusive, invisible tracking device inserted into the sole of a shoe so caregivers and/or family members can track the individual via a smartphone.
“That has become our flagship product; that’s what everybody knows us for. It’s not our only product – we’re not a one-trick pony – we certainly have other products and solutions, but that’s the one that’s garnering the most attention … We’ve got a really great product for a very big global market and it’s protected with IP … We sell the product but where we make our money is on the recurring revenues,” says Bertagna, also describing the company’s target market and extensive IP portfolio.
The interview also highlights GTX’s goals for the upcoming year, which include product launches, expanding its distribution channels, implementing corporate initiatives and the development of new technologies.
“We’ve put significant resources into product development, really gearing ourselves up for 2016 … we’re currently selling in 20 countries … and we want to continue developing those relationships outside of the United States,” says the CEO, before providing greater insight into the company’s strategy for increasing its distribution reach.
Concluding the interview, Bertagna explains the company’s rapidly expanding presence in the European market and its strategic partnership with Telefonica, the world’s fifth largest wireless provider, which enables GTX to provide seamless connectivity to its overseas customers.
“That is a very significant relationship with us and it has enabled us to unleash our product throughout the whole European market,” he says.
About GTX Corp.
GTX Corp. (GTXO) is a pioneer in IoT wearable technology and a thought leader in enterprise 2 way GPS real-time personal location based services. The Company was founded in 2002, is headquartered in Los Angeles, California, and has distributors in more than 14 countries. GTX Corp. is known for its innovative, game-changing and award-winning GPS SmartSole and its blockbuster Smartphone GPS Tracking App. The Company 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 URLs and was recently featured in a 38-page research piece outlining the value proposition of the company’s IP portfolio, and was also published in a SeeThruEquity research report discussing the underlying value of the Company.
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.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.