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.

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

GTX Corp Signs Definitive Patent Agreement with Inventergy and Receives First Payment

Los Angeles, Calif. – July 6, 2016– GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today signing a definitive agreement with Inventergy Innovations, LLC  (“Inventergy”), a subsidiary of Inventergy Global, Inc. (NASDAQ: INVT) a Silicon Valley-based intellectual property company, led by IP industry veteran and former Hewlett-Packard  executive, Joe Beyers, to spearhead their monetization efforts for its personal wireless location-based services IP assets. Both companies previously announced their letter of intent on May 10, 2016 and as part of the final agreement, Inventergy will have exclusive rights to license or sell three GTX patents – US 8,154,401, US 8,760,286, and US 9,219,978, commonly referred to as the “Comm. Protocol” or “286” Family. In exchange for the exclusive rights to sell or license these 3 patents, Inventergy will pay GTX Corp an advance against future income, in cash and INVT stock with a first payment on June 30th and then scheduled payments throughout the rest of 2016 and 2017.

Patrick Bertagna, GTX Corp Chairman and CEO stated, “We have been filing patents for over a decade including these Comm Protocols which were filed back in 2007 and 2008 before Apple and Samsung began selling GPS enabled Smartphones. This is a major turning point and significant milestone for GTX Corp. It validates our IP strategy and our ability to quickly execute on a monetization path to fuel our growth by leveraging our largest asset. We expect this IP deal to be the first of more to come in the future as we start exploring other monetization strategies with some of the other patents in our portfolio. The Inventergy team has been exceptional to work with and we look forward to a long lasting and prosperous relationship with them.”


Joe Beyers, CEO of Inventergy said, “GTX patents are applicable to remotely configurable tracking and location devices including smartphones and other GPS based products that are in use today and collectively represents a very sizable addressable market. We believe this partnership will allow us to build a successful monetization program around these assets.”

The agreement will still allow GTX to fully utilize these patents in its core business while providing Inventergy the ability to go license or sell the 3 patents and do a 45%/55% revenue share on all future income after the initial advance.

About Inventergy Global, Inc.

Inventergy Global, Inc. (“Inventergy”) is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit www.inventergy.com.

Contact:

Robert Haag

IRTH Communications

INVT@irthcommunications.com

866-976-4784

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:

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.

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share medium GTX Corp Signs Definitive Patent Agreement with Inventergy and Receives First Payment

GTX Corp Signs Patent Licensing Agreement with Inventergy And adds new IP expert Advisor

Los Angeles, Calif. – May 10, 2016– GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today signing a Letter of Intent with a binding lock-up with Inventergy Innovations, LLC  (“Inventergy”), a subsidiary of Inventergy Global, Inc. (NASDAQ: INVT) a Silicon Valley-based intellectual property company, led by IP industry veteran and former Hewlett-Packard  executive, Joe Beyers. INVT is dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders and leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns on their IP portfolios.

 

Joe Beyers, Founder, Chairman and CEO of INVT stated, “We are excited about teaming up with GTX to monetize this valuable intellectual property. We believe that the GTX patents are applicable to remotely configurable tracking and location devices including smartphones and other GPS based products that are in use today and will be even more heavily deployed in the future as the wearable market grows. Collectively this represents a very sizable addressable market.”

 

As part of a final agreement, Inventergy will be granted  exclusive rights to license or sell the three GTX patents – US 8,154,401, US 8,760,286, and US 9,219,978, commonly referred to as the “Comm. Protocol” or “286” Family. Inventergy will be spearheading the monetization campaign, with a proposed revenue share on all future licensing royalties or possible sale of the portfolio.  Inventergy will begin making initial payments to GTX upon closing and quarterly pre-payments starting in Q1 2017.  Inventergy will also be financing and managing the ongoing maintenance of the Comm Protocol patents in collaboration with GTX and will continue to file ongoing claims, exploiting the open continuation status of the portfolio.  GTX will provide assistance on the ongoing filings under a consulting agreement in which GTX in will be paid shares of INVT common stock.

 

Andrew Duncan, head of IP strategy and business development at GTX Corp said, “We believe that the Comm Protocol Family of patents are essential for any company actively involved in the U.S. with handheld devices and technologies that incorporate 2 way GPS tracking. In partnership with Inventergy, we are looking forward to building a successful licensing program around these patents and together continue to invest in and expand the reach of the portfolio.”

As part of an overall comprehensive monetization and licensing strategy, GTX has also brought on Darius Sankey, PhD as a new advisor to help manage the different ongoing campaigns. Dr. Sankey is a general partner at Accelerate-IT Ventures, was a managing director at Ocean Tomo, and a seasoned executive in the ventures capital and technology industries.

Dr. Sankey will be an integral part of the GTX team as the Company continues to explore other licensing and business opportunities by leveraging its broad patent portfolio.

 

Dr. Sankey commented, “GTX Corp has one of the most strategic Patent portfolios I have seen in the intersection of wearable technologies and personal wireless location based services.  Tremendous value can be generated from the partnership between INVT and GTX Corp and I’m excited to bring expertise to help unleash the full potential of the GTX portfolio.”

Patrick Bertagna, GTX Corp Chairman and CEO concluded, “Being at the forefront of this industry we have been filing patents since 2002, including these communication protocols which we filed back in 2008 when Apple hadn’t even launched its first iPhone yet. Today GPS is in millions of devices and has become ubiquitous. After months of due diligence in looking for the right strategic partner to help us maximize IP revenues and monetize this treasure trove of patents, we are very excited to have partnered with Inventergy and to have Dr. Sankey join our team. Our commitment to monetizing our IP and increasing our overall enterprise value is strong and we are making the pledge to our shareholders that we will properly manage and create value of our biggest asset, our intellectual property portfolio.”

About Inventergy Global, Inc.
Inventergy Global, Inc. (NASDAQ: INVT) is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy Global, visit www.inventergy.com.

 

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 monitoring 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 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

 

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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share medium GTX Corp Signs Patent Licensing Agreement with Inventergy  And adds new IP expert Advisor

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

www.facebook.com/gtxcorpcom

www.twitter.com/gtxcorp

www.pinterest.com/gtxcorp

www.instagram.com/gtxcorp

 

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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share medium GTX Corp Comments on 2015 Performance and 2016 Roadmap

GTX Corp Granted New Communication Protocol Patent Under Family Tree Patent “286”

U.S. Patent No. 9,219,978 adds Value to the Overall GTX IP Portfolio and Strongly Enhances its

Position in a Rapidly Growing Multi-Billion Dollar Market

Los Angeles, Calif. – March 2, 2016 – GTX Corp (OTCQB: GTXO), a pioneer and global provider of personal location wearable technologies, was granted another U.S. patent related to its location based monitoring platform and communication protocols. The recently issued U.S. patent No. 9,219,978 is a significant addition to the existing family of communication protocol patents and to GTX Corp’s overall patent portfolio. In addition, GTX recently filed another patent application in this family, thus preserving the right to file more patent applications in the future under the “286” banner with a February 2008 priority date.

“This is treasure trove of valuable inventions and another potential game changer in our intellectual property portfolio,” commented Larry E. Henneman, Jr., GTX Corp’s patent counsel for over 10 years. “It is becoming more apparent that these patents are very significant, especially with a priority filing date going back to early 2008 when many of the location based technologies had not yet been fully developed, and certainly not with the functionality pertinent to wearable technology today. In addition the portfolio has a current pending application, which means that we can  continue to file divisional and/or continuation patents claiming the comm protocol features that were disclosed in our original filing.”

“The value of these patents for GTX is they extend far beyond our core footwear applications and into areas such as GPS watches, fitness wearables that track location, hand-held GPS devices, tracking apps on smartphones and tracking devices and platforms in general, said Andrew Duncan GTX Corp director of business development. We are extremely pleased to have been issued another patent in our very valuable family of patents which are key inventions to how almost all 2 way GPS devices function today.”

All three of the GTX Corp patents – US 8,154,401, US 8,760,286, and US 9,219,978, provide significant value especially because these patents are not limited to any particular form factor or industry and are applicable to any generic tracking device, which, in its simplest form includes a communication device (i.e. cell phone modem, blue tooth or Wi-Fi communicator), a location detector (i.e. GPS or Wi-Fi Module) and data memory.  This technology is now commonly embedded in millions of devices, deployed across numerous industries.

Patrick Bertagna, GTX Corp CEO concluded, “Back in 2008 as we were trail blazing wearable technology, Apple had yet to launch the iPhone, nobody had heard of Fitbit and GPS was mostly in cars, boats, planes and about to be introduced in our GPS smart shoes. Being at the forefront of this industry we created several protocols and filed patents on these inventions. Fast forward to 2016 and the world changed – location based technologies are now ubiquitous! As a pioneer and forward thinker in this industry and having had excellent legal counsel along the way we made the early investments in building a robust IP portfolio which today is culminating not only as a barrier to entry to our core business but also increasing the overall GTX enterprise value.”

The original patent specification that underlies the Communication Protocol family of patents describes many other potentially patentable communication/configuration features.  Due to the current pending divisional application in this family of patents, GTX is entitled to and plans to pursue additional patents on several of these key features.

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 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.locimobile.com   www.gpssmartsole.com   

Social media – #withyou #smartsoles

www.facebook.com/gtxcorpcom

GTX Corp | LinkedIn

www.twitter.com/gtxcorp

www.pinterest.com/gtxcorp

www.instagram.com/gtxcorp

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.

#   #   #

 

share medium GTX Corp Granted New Communication Protocol Patent Under Family Tree Patent 286

In The World of Wearable Tech, GTX Corp (GTXO) Shines

 
When it comes to innovations in wearable technology and personal location services, Global Trek Xploration, or GTX Corp. (OTC: GTXO), excels, and the word is spreading.

 
The company has been featured by hundreds of television, radio, magazine and newspaper media outlets around the world (including The New York Times and CNN), because of its award-winning and game-changing patented GPS Smart Shoe, blockbuster smartphone GPS Tracking App, GPS SmartSole and other products.

 
GTX Corp. works in conjunction with two wholly-owned subsidiaries to design, develop and sell unified and matching products and services in the wearable technology and personal location services marketplace. By focusing on customization, localization and optimization, the company delivers complete solutions of hardware, middleware, apps, connectivity and professional services, essentially offering a one-stop shop for consumers or enterprises seeking to employ global positioning system (GPS) tracking technologies.
The company’s GPS and cellular location platform tracks the locations of people, pets and/or high-value assets in real time. This tracking is accomplished by employing the use of four elements: a miniaturized transceiver module; a wireless connectivity gateway; middleware; and a viewing portal.

 
From its award-winning, multi-patent GPS SmartSole and GPS Smart Shoe to its top-selling smartphone apps, GTX Corp. is uniquely positioned; it can offer end-to-end, tried-and-proven GPS tracking solutions all around the world. The GPS SmartSole, in particular, is a central piece of the company’s product portfolio in that it comes equipped with approximately 20 smartphone and tablet apps, along with a hosted, scalable, backend satellite monitoring platform and real time trackers.

 
GTX Corp. solidifies its relevance with even more benefits for its corporate and individual customers. The company is able to customize its GPS tracking solutions to suit business and regional needs. It provides these solutions across numerous platforms while simultaneously enhancing the technology for its customers’ advantage. Additionally, through brand recognition, it continues to develop a strong and ongoing intellectual property portfolio comprised of patents, copyrights and registered trademarks.

 
For more information, visit www.gtxcorp.com<http://gtxcorp.com/>
http://blog.qualitystocks.net/gtx-corp-gtxoob/in-the-world-of-wearable-tech-gtx-corp-gtxo-shines/

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

www.trackmyworkforce.net     www.codeamberalertag.com

Social media – #withyou #smartsoles

www.facebook.com/gtxcorpcom

GTX Corp | LinkedIn

www.twitter.com/gtxcorp

www.pinterest.com/gtxcorp

www.instagram.com/gtxcorp


General information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

ir@gtxcorp.com

share medium In The World of Wearable Tech, GTX Corp (GTXO) Shines

GTX Corp (GTXO) Announces Engagement of QualityStocks Investor Relations Services

Scottsdale, Arizona – November 11, 2015 – GTX Corp. (the “Company”) (OTC: GTXO), a leading provider of wearable monitoring and tracking solutions using GPS, Cellular and BLE technology, announces that it has engaged the investor relations services of QualityStocks. Based in Scottsdale, Arizona, QualityStocks has assisted more than 300 public companies with their efforts to broaden influence, attract growth capital and improve shareholder value.

“Thus far, 2015 has been an incredible year for GTX. Entering into a partnership with QualityStocks greatly supplements our rapidly growing international exposure, which is driven by key distribution strategies and new product launches,” stated GTX Corp CEO Patrick Bertagna. “We look forward to finishing out the year with the same momentum, and accelerating our progress in the year ahead. As we continue to focus on our current strategic plan, we welcome the QualityStocks team to diligently communicate our progress to existing and potential shareholders.”

QualityStocks will leverage its network of partners, daily and weekly newsletters, social media channels, blog and other outreach tools to launch a comprehensive communications strategy to generate market visibility of GTX Corp and its cutting-edge innovations.

“Technology is constantly moving at warp speed, and GTX is among the visionary companies surging ahead of consumer demand with its proprietary global enterprise monitoring platform,” stated QualityStocks Managing Director Michael McCarthy. “We look forward to helping GTX Corp grow its communications efforts while demonstrating the company’s increasing potential in the rapidly growing wearable technology market.”

About GTX Corp

Through its proprietary IoT enterprise monitoring platform and licensing, subscription recurring revenue business model, GTX Corp (OTC: GTXO) offers a complete end-to-end solution backed by an extensive portfolio of patents with filing dates going back as early as 2002, patents pending, registered trademarks, copy rights and URLs. GTX was 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 value of the company’s IP.

GTX has established a growing global distribution network with partners in more than 20 countries, and has garnered millions of dollars’ worth of media coverage on CNN, Good Morning America, The Doctors, Fox News, Discovery Channel, ABC, NBC, CBS, The New York Times, LA Times, U.S.A. Today, the LA Business Journal, AARP and hundreds of other television, radio, magazine and newspaper media outlets across the globe.

The company’s flagship, patented GPS SmartSoles were recently showcased in Munich at the Telefonica Digital Innovation Day 2015; was featured in AARP’s 2015 technology gear guide; and came in second place, with Microsoft (NASDAQ: MSFT) finishing first and Samsung (OTC: SSNLF) taking third, in the 2015 Wearables, Health, Fitness & Wellness category at CTIA’s Hot for the Holidays…

For more information on GTX, visit www.gtxcorp.com or www.gpssmartsole.com

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

To receive the latest updates on our clients and stocks we’re watching, sign up for the QualityStocks Newsletter at http://Signup.QualityStocks.net

Forward-Looking Statements:

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.

Contact:

QualityStocks

Scottsdale, Arizona

www.QualityStocks.com  

480.374.1336

editor@QualityStocks.net

 

share medium GTX Corp (GTXO) Announces Engagement of QualityStocks Investor Relations Services

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

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 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.

#   #   #   #

share medium GTX Corp Comments on 2014 Performance and 2015 Roadmap

GTX Corp Announces Q3 2014 Results

Los Angeles, Calif. – November 20, 2014 – GTX Corp. (OTCQB: GTXO), a pioneer in location-based wearable technologies, announced today commentary on its third quarter performance.

Q3 2014 Highlights:

  • Revenues up 60% over last year’s quarter
  • Cost of goods sold decreased by 16% from last year’s quarter
  • Increases in unit sales & subscriptions for drones and other niche applications
  • Entered commercial production of flagship GPS SmartSoles
  • Entered Security Market
  • In Beta testing of BLE SmartSoles
  • New “Brand Ambassador” retired professional boxer Ray Ciancaglini

“We are starting to see the ship turn with small and steady increases in performance that reflect the strategy we embarked on earlier this year, of direct sales and penetrating new markets with our core suite of embedded, all purpose and digital tracking and monitoring solutions,” commented Patrick Bertagna, Chief Executive Officer of GTX Corp. “Our current focus remains on the commercial roll out of our GPS SmartSoles, which are now in production and plan to start shipping to customers in early January.  We have 1,500 GPS SmartSoles being manufactured, with 500 that are expected to arrive in December.  As we begin to deliver our B2B international orders, domestic SmartSole pilot programs and to consumers that are on our pre-order list, we expect to see significant increases in Q1 2015 on both the unit and subscription revenues. We have recently signed up several new pilot programs with major accounts that we believe will contribute to our rollout and growth in 2015.”

Mr. Bertagna continued, “We do remain laser focused on our overall strategy of developing and selling products across each of our product lines – embedded, all purpose, and digital and building a global tracking and monitoring platform. We all have someone or something we care about and want to know there whereabouts at the touch of a button. A child, a parent, an employee or even a UAV drone, we all want to stay connected to who or what matters most and the GTX platform empowers that real-time connection. We are pleased to see the uptick in product and service revenue from our all-purpose product line through our Amazon sales and Drone-Mod partner, and expect that we will continue to see growth here through the fourth quarter. We also are anticipating an increase in our digital product line through the sales of our enterprise Track My Work Force App and will Beta release later this month, our new fully automated portal in order to handle large scale on boarding of new customers. In addition, the increase in our gross margin reflects successful implementation of our direct sale strategy and channel partner business model.”

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 block buster 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 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 e mail – info@gtxcorp.com  or http://www.gtxcorp.com/about/licenseinquiry

Investor Relations 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 Announces Q3 2014 Results