GTX Corp Invisible GPS SmartSole Wander Guard Technology for Safeguarding Loved Ones Who Wander Featured on AARP, Google, Verizon and CES

LOS ANGELES, CALIFORNIA –February 9, 2017 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business, announced their award winning patented GPS SmartSoles with wander guard technology have been featured at several prominent events. Over the past few months the SmartSoles were on the Google Bus,  at several Verizon conferences,  see more here and here, at the Consumer Electronics Show (CES) and in comprehensive AARP article discussing the major concerns for families with loved ones suffering from diseases like Alzheimer’s, autism spectrum disorder, and/or dementia, specifically the problem of wandering.

While smartphones could theoretically solve this problem, most elderly folks or children with autism either don’t have, or forget to carry a smartphone. And yet there is still considerable stigma attached to anti-wandering jewelry and accessories, not the least of which is often from patients themselves, despite how vitally important such potentially life-saving items can be, with most patients disliking or simply refusing to wear such objects. Luckily, some amazing devices that ably leap over the hurdle of going from idea to practice are now becoming more and more prevalent, with one such example, an ingenious “Invisible GPS” offering from GTX Corp. (OTC: GTXO) known as the SmartSole®, being prominently featured as the top pick in the AARP special report article. The award winning and patented assistive recovery wearable GPS SmartSole looks and feels like the sort of shoe insole you might find at a local pharmacy, but the product is actually a sophisticated miniaturized GPS and cellular – enabled tracking device that allows caregivers or friends and family to monitor the location of a loved one in real-time using an intuitive and easy-to-use Smart Locator App that delivers coordinates rendered via Google Maps.

With over 100 million people currently requiring some form of care or oversight due to cognitive impairment, a figure forecast in the 2013 World Alzheimer’s Report as nearly doubling by 2050 to over 277 million, this elegant solution provides the kind of robust, always-on geo-fencing needed to ensure the safety of loved ones, as well as caregiver’s peace of mind. While wanderers may not want to wear special tracking accessories, or they may forget to take a smartphone with them, they almost never forget to wear their shoes – a factor which makes the SmartSole really stand out as an ingenious piece of design.

The SmartSole brilliantly alleviates nearly all of the standard concerns associated with wandering and the product does so in a way that can even be easily shielded from the individual in question, meaning they do not have to bear the shame of needing such help, or the feeling of causing others an imposition. And for GTXO, the SmartSole is just the tip of the iceberg, as the company has a whole array of complete end-to-end IoT (internet of things) based solutions for this sort of tracking, all of it backed up by an extensive portfolio of patents, patents pending, registered trademarks, copy rights, and branded URLs.

For more information on the GTX Corp family of products and services visit http://gtxcorp.com    www.gpssmartsole.com      www.trackmyworkforce.net    www.codeamberalertag.com www.locimobile.com

GTX Corp, With You

 

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GTX Corp Announces Launch of Take-Along Tracker 3G Product and Website

LOS ANGELES, CA – January 27, 2017 – GTX Corp (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS, BLE, cellular and RFID, tracking and monitoring wearable technology and wandering assistive technology, today announced the official release of its new GPS and voice tracking device, the Take–Along Tracker 3G (TA3G) including the launch of its coinciding brand-new website and online store.

The GTX Corp Take–Along Tracker 3G is the latest and greatest in 3G miniaturized wearable GPS tracking technology. Waterproof and dirt resistant, this robust device is strong enough to handle the outdoors, but at just 3 inches long, small and light enough to fit easily in a pocket or bag, and even comes with a lanyard for wearable convenience.  

For a limited time, GTX Corp is offering customers $20 off their purchase by using promo code: TA3G 

tracker3g GTX Corp Announces Launch of Take Along Tracker 3G Product and Website

Take-Along Tracker 3G also offers the security of S.O.S. voice calling! With voice, it’s just one easy touch to call a designated phone number and send up-to-date location alerts. 

Additional features include:

  • 3-D accelerometer for motion sensing which promotes ultra-low-power battery saving.
  • Easy wireless charging, no tricky USB plugs, the TA3G comes with its own charging cradle.

Enjoy the security and peace of mind with the full suite of features available on the GTX Corp Monitoring Portal where it’s simple to view the Take-Along Tracker 3G on a map, set up geozone boundaries or run a variety of reports. Users can also monitor their GTX devices through the GTX Corp Smart Locator app which provides at-a-glance convenience using a smartphone or tablet free of charge with your monthly service plan.

tracker3gbig GTX Corp Announces Launch of Take Along Tracker 3G Product and Website 

Ready to order? The Take–Along Tracker 3G  is $149.00, with a one-time Activation Fee of $20.00, and Monitoring Service plan options as low as $16.33 per month.

In celebration of the launch, GTX Corp is pleased to offer FREE ACTIVATION ($20 value) on all TA3G purchases made prior to 2/14/2017. Use promo code: TA3G  

Have questions? Interested in volume discounts or wholesale ordering? Please contact us at info@gtxcorp.com.

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.

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
www.pinterest.com/gtxcorp
www.instagram.com/gtxcorp

 
GTX Corp
www.gtxcorp.com
(stock symbol: GTXO)
#With You
https://www.youtube.com/watch?v=R3Ssy1mnDcA

 

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GTX Corp GPS SmartSoles at CES January 2017 and Verizon

2017 is off to a busy, productive start for GTX Corp!

Our executive team started the New Year off moving and shaking on the business development front at the Consumer Electronics Show (CES) in Las Vegas with nearly 150,000 thought leaders.

 

GTX at CES January 2017 GTX Corp GPS SmartSoles at CES January 2017  and Verizon
1-19-17 SmartSoles continuing their rounds and making an appearance at the Verizon conference in Kansas City
 

 GTX Corp GPS SmartSoles at CES January 2017  and Verizon
 

GPS SmartSoles on display at the Verizon WBG Technology Showcase in Nation Harbor Maryland January 10, 2017

GPS SmartSoles Verizon WBG Technology Showcase Nation Harbor Maryland 1 GTX Corp GPS SmartSoles at CES January 2017  and Verizon
GPS SmartSoles Verizon WBG Technology Showcase Nation Harbor Maryland 2 GTX Corp GPS SmartSoles at CES January 2017  and Verizon

12-17 SmartSoles on display at the Verizon Kickoff in Syracuse NY

verizon gpsinsole display GTX Corp GPS SmartSoles at CES January 2017  and Verizon

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GTX Corp GPS SmartSoles News January 2017 – SecuritySolutionsWatch.com and Verizon

SecuritySolutionsWatch.com Updates January 4, 2017

In The Boardroom With…

Mr. Patrick Bertagna
CEO, Founder, Chairman
bertagna65 GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon

Mr. Patrick Bertagna
CEO, Founder, Chairman
GTX Corp

The SmartSole is our flagship product, think Dr. Scholl’s meets LoJack. We make a miniaturized GPS and Cellular module and embed it inside an orthotic insole. The application is for people who have a memory disorder and have a tendency to wander, anyone with Alzheimer’s, dementia, autism, traumatic brain injury, etc. Currently there are over 100 million people worldwide who are afflicted with one of these debilitating aliments. Being that our module is small and robust we also imbed it inside other form factors and we are starting to look at OEM deals. And then we have our tracking App, which basically turns a smartphone into a tracking device, the application there is for mobile work force, sales people, delivery people, service business like electricians and plumbers, police officers, just about anyone that works in the field and benefits their superiors to know where they are at any time at the touch of a button. arrw red GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and VerizonMore

In The Boardroom With…

Ms. Monique Merhige
President Infusion Direct Marketing

 

moniquenewheadshot GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon

GPS WEARABLE TECHNOLOGY HAS TAKEN A STEP IN THE RIGHT DIRECTION IN THE CONSUMER MARKET IMPROVING THE LIVES OF MILLIONS ONE STEP AT A TIME

INNOVATIVE WEARABLES THAT ARE USER FRIENDLY AND UNOBTRUSIVE OFFER EFFICIENT CARE WHILE REDUCING COSTS AND STRESS

Wearable Tech Market Overview

The consumer market for wearable technology is growing at an extremely high rate due to many factors in the marketplace.  Sales for global wearable medical devices have exceeded $2 billion in 2015 and $5 Billion in 2016 with future forecasts calling for sunny skies.  The global wearable medical device market is projected to reach $12.14 billion dollars by 2021, which is driven by a myriad of factors. Some include technological advancements in medical devices, the launch of a growing number of smartphone-based healthcare apps compatible with wearable devices, rising preferences for wireless connectivity among healthcare providers, and an increasing focus on physical fitness. In addition, growing trends towards home healthcare offers significant opportunities for expansion in this market. Read More

 

 

GPS SmartSoles on display at the Verizon WBG Technology Showcase in Nation Harbor Maryland January 10, 2017

GPS SmartSoles Verizon WBG Technology Showcase Nation Harbor Maryland 1 GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon
GPS SmartSoles Verizon WBG Technology Showcase Nation Harbor Maryland 2 GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon

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12-17 SmartSoles on display at the Verizon Kickoff in Syracuse NY

verizon gpsinsole display GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon

 

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GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!

GPS SmartSole Logo Holiday GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!​Give the gift of peace of mind this holiday season with GTX Corp.’s GPS SmartSole®, the patented wearable tracking solution for those who wander.

 
As we close out 2016, GTX Corp. is pleased to offer our Year End Special of $50 OFF your SmartSole purchase AND the opportunity to lock in your 2016 service fee rate before 2017 rates increase, making for an additional $60 in savings. 
OrderNow1 GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!
 
A TOTAL SAVINGS OF $110.00! ($50 off SmartSole purchase + $5/mo. off monthly service fee) when you purchase your GPS SmartSole by December 31, 2016.
 
Enter Promo Code: YEAREND2016 
at checkout to instantly receive $50 off your SmartSoles purchase AND lock in our 2016 service fee pricing for the whole next year before monthly rates increase to $34.95 on January 1, 2017
 
All orders placed prior to 11:59pm PST on December 31, 2016 utilizing the YEAREND2016 promo code are eligible to receive our GTX Year End Special. 
 
Happy Holidays from our GTX Corp. family to yours!
 
Hat2 GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!
​#withyou​
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Ingenu Announces Availability of Los Angeles Machine Network

Los Angeles-based GTX Corp to enable wearable solutions with Ingenu’s RPMA technology

SAN DIEGO – November 30, 2016 – Ingenu Inc.™, the company that delivers purpose-built IoT connectivity, today announced availability of its Machine Network™ in the greater Los Angeles metropolitan area. The Internet of Things (IoT) network will serve applications including transportation, manufacturing, logistics, smart city and wearable technologies, providing coverage to the second-largest city in the U.S., reaching more than 2,220 square miles and serving a population of over 13 million people.

The availability of the Machine Network in the Los Angeles area is enabling exciting new use cases, such as that of GTX Corp. (GTXO), an IoT platform and provider of personal location and monitoring wearable technology and wandering assistive technology. The company will be integrating Ingenu’s RPMA® (Random Phase Multiple Access) technology into its patented GPS SmartSole® shoe insole tracking solution, to assist in monitoring people with dementia, Alzheimer’s disease, autism and other forms of memory impairment.

“Currently, over 100 million people require oversight due to various forms of memory impairment, and advancements in wearable technology are changing the way we support and monitor these individuals,” said Patrick Bertagna, CEO, GTX Corp. “With Ingenu’s reliable, long-range network technology, we can expand the reach of our monitoring capabilities, particularly in highly populated areas, and provide accurate location services to caregivers and loved ones.”

Ingenu selected to deploy its Machine Network in Los Angeles because of its concentration of IoT development companies. According to industry firm, IoT Analytics, more than 50 percent of IoT companies in the Los Angeles area are developing wearable technologies, which is greater than the national average of just 15 percent.

“Los Angeles is outpacing the market in terms of IoT solution development,” said Tom Gregor, president and general manager, Machine Network at Ingenu. “From manufacturing and smart technologies to wearables and transportation applications, Los Angeles has the resources, culture and infrastructure to support a thriving IoT network.”

The nationwide Machine Network build-out is now underway across the United States, and is targeted to serve over 100 major metropolitan areas by the end of 2017. The Machine Network currently provides more than 100,000 square miles of wireless coverage for a host of IoT applications. For specific information on the Los Angeles Machine Network, visit http://www.ingenu.com/technology/machine-network/cities/los-angeles.

About RPMA

Utilizing globally available spectrum, Ingenu’s RPMA® (Random Phase Multiple Access) technology is purpose-built for M2M/IoT connectivity, offering unparalleled range, coverage and capacity with extremely low power requirements and longer-lasting battery life. It uniquely enables devices to connect more efficiently and cost-effectively in both the uplink and downlink. Requiring fewer towers to provide coverage to large areas (1:10 to 1:30 radio towers needed for RPMA vs. cellular), RPMA is rapidly becoming a global standard for IoT communication. For more information on RPMA technology, visit  www.ingenu.com/technology/rpma/

About Ingenu Inc.

Ingenu™ is building the first wireless Machine Network™, the world’s largest IoT network dedicated to LPWA (low-power, wide-area) connectivity for machines only. Operating on universal spectrum, the company’s RPMA® technology is a proven standard for connecting Internet of Things (IoT) and machine-to-machine (M2M) devices around the world, with 38 private networks deployed over seven years. The Machine Network will have further reach, global range and longer lasting battery life than any existing network. It is also future-proof: enabling technology solution providers to maximize their product’s efficiency and longevity, with unparalleled control and visibility. Ingenu is led by a highly experienced team and backed by one of the strongest boards in the industry, including veterans from Verizon and Qualcomm. Information about Ingenu can be found at www.ingenu.com, or follow us on Twitter @ingenunetworks.

Contacts:

Ashley Schulte

Engage PR

Email:  aschulte@engagepr.com

Phone:  +1-919-435-9112

Kirsten Garvin

Ingenu

Email:  kirsten.garvin@ingenu.com

Phone:  +1-760-533-6945

###

 

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Parents! Join in a Medical Research Survey About Autism

GTX Corp has been in the business of developing wandering assistive technology for over 10 years, and we know that wandering, particularly by children with autism spectrum disorder (ASD) and other developmental disorders, is a serious safety issue and stressor upon families and communities.  It is estimated that more than 250,000 children with disabilities wander away from adult supervision each year.  Few researchers have looked at this major issue, and there has been little focus on prevention measures and the impact that wandering has on families. 

Now, the Cohen Children’s Medical Center of New York is conducting a major national study about wandering, and we encourage all of our friends who are parents or guardians of children with Autism to participate! The more research that is done to gather information about wandering, the better we can all work towards innovation in wandering prevention, monitoring solutions and child safety.

It takes just a few minutes to complete the anonymous, on-line questionnaire.  

If enough families complete the Cohen Children’s Medical Center questionnaire, then:

evaengineer2 300x191 Parents! Join in a Medical Research Survey About Autism– It will produce the most representative study done to date – giving voice to as many families as possible

– It will help guide families impacted about which prevention strategies seem to be most effective

– It will document the impact that wandering has on families in terms of activities and household stress

Please click HERE or visit www.WanderingResearch.com to take the survey, request a copy of the results, and be contacted regarding a follow-up research project related to wandering.

We thank you in advance for your participation and support,

GTX Corp

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GTX Corp Reports Third Quarter 2016 Financial Results

Increased Revenues, Margins, Subscribers and Distribution Partners

LOS ANGELES, CA – November 15, 2016 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS, BLE, cellular and RFID, tracking and monitoring wearable technology and wandering assistive technology, announced financial results for the third quarter ended September 30, 2016.

Q3 Highlights

  • Revenue increased 99% over 2015 comparable period
  • Subscriber revenue increased 139% over 2015 comparable period
  • Gross profit margin increased from 24% to 65% over 2015 comparable period
  • Operating expenses decreased 17% over 2015 comparable period
  • Net operating losses decreased 34% over 2015 comparable period
  • Delivered our first military test order
  • Expanded distribution into Mexico

Q3 Initiatives included increasing our customer and subscriber base, formulating our patent monetizing strategy for next year, delivering our new GPS/RF product line, exploring new BLE and RF business opportunities with our channel partners and increasing overall margins through cost reductions and better operational efficiency.  

During Q3 the Company focused on basic fundamentals, such as growing revenues, improving customer service, working more closely with channel partners, exploring regional opportunities and ways to augment our GPS platform with new technologies such as low energy blue tooth and RF in regional markets and identifying new IP monetization strategies and growth opportunities for 2017.

Both RF and BLE technologies will start playing a more significant role in future product roll outs and will be part of a suite of new product offerings scheduled to come out over the next 6 months.

Our first new product using GPS and RF technology was delivered this quarter to a military base in Southern California. The Company delivered a new wide-area tracking system in the ISM 900MHz band, with 256-bit AES encryption, and up to 40-mile line-of-sight range with high-gain antennas. The system is a GPS and RF personnel, vehicle and asset tracking solution designed to provide ground situational awareness and real-time surveillance of all personnel and equipment traveling within a designated area, ranging from 2 – 200+ square-miles. Strategically deployed repeaters can extend this range and overcome “dead zones” due to rugged terrain, while the solar panels and extended battery will allow deployment of the repeaters to areas without existing power sources, making this solution ideal for military installations, oil rigs or any large area where cell coverage and or power is not available.  Both the hardware and software are designed and manufactured in house, proving the Company with vertical manufacturing to delivery capability.

On the SmartSole production front, 750 units of version 1.25 GPS modules were manufactured and 300 units of version 1.5 were ordered and will go into production in December.

Patrick Bertagna, GTX Corp CEO, stated, “This was our 3rd quarter in a row with double digit revenue increases and a 99% increase over the same period last year. We are holding a steady positive trend of higher revenues, new revenues, higher margins, lower expenses and lower losses for both the 3 month and 9 month ending period 2016. The wearable technology industry is expected to see another big forecast jump to an estimated $25 billion by 2019 and is showing no signs of slowing down, which is very good news for GTX stake holders. Our early entry into this industry with patent filing dates going back to 2002, our brand recognition, industry knowledge and staying power is opening up incredible new opportunities for us. Limited capital is still a challenge for us to grow quickly, but we are growing and remain as committed and passionate as ever. Additionally management has elected to transfer accrued salaries into long-term convertible promissory notes, due on December 31, 2018. The total amount of salaries converted was $318,671, bringing down our outstanding accounts payable by 44%. Management will have the ability to convert up to 50% of their note into equity which is currently set at a fixed above market price, reflecting the continued long term commitment by senior management.”

For the remainder of the year, GTX Corp will continue to advance its next-gen technologies and take action aligned with its broader growth strategy, which includes:

  • Increasing sales in all product categories
  • Increasing our global subscriber base
  • Supporting our partners growth initiatives
  • Scaling and streamlining manufacturing and distribution  processes
  • Introducing new products into new markets
  • Applying for additional reimbursement codes
  • Working with local, federal and international government agencies
  • Building brand and product awareness
  • Building out corporate infrastructure to support growth in 2017

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. Founded in 2002, headquartered in Los Angeles, California, with distributors in over 14 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

Consumer Purchase of GPS SmartSoles

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:

213.489.3019

info@gtxcorp.com

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.

share medium GTX Corp Reports Third Quarter 2016 Financial Results

GTX Corp and RACO Industries Sign Distribution Agreement to Sell SmartSoles

LOS ANGELES, CALIFORNIA –July 13, 2016 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business announced the signing of a distribution agreement with , a GPS application solutions integrator headquartered in Cincinnati Ohio. The agreement grants RACO exclusive distribution rights to the Location Based Services industry in the United States for the GPS SmartSoles and other GTX Corp products. In order to maintain exclusivity, RACO is committing to purchasing a minimum of 15,000 units over the next 3 years.

Established in 1988, RACO is a privately held company founded by Rob Adams who was also the founder of RacoWireless. “The GPS SmartSole technology is a natural extension of our existing GPS tracking business. We are excited to partner with GTX Corp to provide assistance to those who suffer from cognitive disorders,” says Rob Adams, CEO of RACO Industries.

“As we continue to expand our channels of distribution we are excited to bring on a new partner in the U.S. that has a deep understanding of systems integration and the overall GPS/Wireless industry, stated Patrick Bertagna GTX Corp CEO.

GTX Corp’s patented GPS SmartSoles®, which were featured in AARP’s 2015 technology gear guide are a stigma free, safety and security unobtrusive monitoring and tracking solution for those afflicted from Alzheimer’s, dementia, autism, TBI and other memory disorders and have a tendency to wander. They are placed in the wearer’s shoes and contain a miniaturized GPS tracking chip connected through a cellular network that sends a signal to a monitoring portal 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 water resistant, 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 caregiver’s phone and computer with a direct link to a Google map plotting the wanderer’s location.  Alerts can be directed to a local authority and/or a private Call Centre to provide continuous monitoring and support.

Currently Alzheimer’s and dementia impacts over 6 million people in the U.S. with predictions of 16 million by the year 2050. Alzheimer’s is such a demanding condition, that it often impairs the health of those caring for the victims. Nearly 10 million caregivers, mostly family members, spend $148 billion dollars year for the care of their loved ones.

About RACO Industries, LLC

RACO Industries, LLC is an industry-leading integrator of mobile data collection solutions, ID card printing systems, mobile content deployment, wireless data and professional services.  RACO’s business solutions encompass most barcoding, card, and GPS application to enhance productivity and services of the mobile workforce. RACO Industries provides clients with real-time visibility to their mobile information at the point of service. Their customer base of logistics, transportation, manufacturing and service organizations rely on RACO to improve efficiencies and reduce costs.

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 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 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 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.

The patented GTX Corp wearable technology products and tracking devices, enable wearers to be monitored remotely, thereby helping to ensure their safety in case they wander or become lost due to cognitive disorders such as Alzheimer’s, dementia, autism and TBI. For more information on the Company’s flagship product the GPS SmartSole visit us:

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

Social media #withyou #smartsole

www.facebook.com/gtxcorpcom

www.twitter.com/gtxcorp

www.pinterest.com/gtxcorp

www.instagram.com/gtxcorp

www.linkedin.com/in/gtxcorp

General information, licensing or investor relations email:

info@gtxcorp.com

ir@gtxcorp.com

213.489.3019

 

GTX Corp United Kingdom

In the UK, GTX Corp operates from offices in London and its Dublin-based European distribution center.  For more information, please contact: Nelson Skip Riddle contact details are:

Email: nsriddle@gtxcorp.com

Tel: +44 7785 364100

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.

#   #   #  #

share medium GTX Corp and RACO Industries Sign Distribution Agreement to Sell SmartSoles

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

Social media – #withyou #smartsole

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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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