Category Archives: Press Releases (GTXO)

GTX Corp Signs Distribution and Collaboration Agreement with KGH, Inc. and Adds Kathleen Kiernan to Advisor Board

LOS ANGELES, CALIFORNIA – August 29, 2018– GTX Corp (OTCBB: GTXO), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive Internet of Things (IoT) technology announced the signing of a bilateral distribution and collaboration agreement with Kiernan Group Holdings, Inc., an intelligence, law enforcement and national security consulting, training, and risk services firm providing tailored solutions to complex security challenges. Headquartered in Alexandria Virginia, Founder and CEO Dr. Kathleen Kiernan along with the KGH team bring earned experience across the public and private sectors, domestically and internationally. As part of the agreement GTX and KGH will resell, cross-promote and collaborate on projects that fit their mutual core competencies which not only make the world a better place but a safer one, including our Nations’ schools. “We are very excited about Kathleen joining our advisory board and formulating this partnership with KGH. We are […]

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GTX Corp Second Quarter 2018 Summary

Revenue increased 7%, Subscriber Revenue increased 108%, G&A decreased 19% LOS ANGELES (August 21, 2018) GTX Corp (OTCBB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, today announced a summary for the second quarter ended June 30, 2018. Second Quarter Financial Highlights Overall revenue increased 7% over 2017 comparable period. Subscriber revenue increased 108% over 2017 comparable period. Total Subscribers increased 52% over 2017 comparable period. COGS decreased 29% from 2017. Net Profit increased 33.6% from 2017. Gross Margin, excluding IP, increased 66% from 2017. Professional Fees decreased 30% from 2017. G&A decreased 19% from 2017. Six Month Financial Highlights Overall Revenue increased 25% over 2017 comparable period. Subscriber revenue increased 52% over 2017 comparable period. Total subscribers increased 26% over 2017 comparable period. COGS decreased 10% from 2017. Net Profit increased 55% from 2017. Gross Margin, excluding IP, […]

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GTX Corp Tracking Technology Selected By George Mason University Grant for Study to Predict Wandering

Los Angeles, Calif. – August 8, 2018– GTX Corp (OTCBB: GTXO), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, today announced that George Mason University’s College of Health and Human Services has received a grant from the Alzheimer’s & Related Diseases Research Award Fund to continue its machine learning wandering prediction research. Mason has selected the GTX Corp flagship GPS SmartSole and tracking technology platform to conduct the study and continued research which has the potential to quickly detect and stop episodes of wandering before they can result in a tragedy. This is the first study to link movement patterns to the progression of Alzheimer’s disease “AD”. In June, Mason published a study which explored the possibilities of using machine learning methods and AI applied to data from GPS trackers to create models that can predict patterns of movement. Based on the success of the published study, […]

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GTX Corp Signs Agreement and Forms Alliance with Autism Society of America

LOS ANGELES (August 1, 2018) GTX Corp (OTCBB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, today announced the signing of a collaboration and support agreement with Autism Society of America, which has been improving the lives of all affected by autism for over 50 years and provides advocacy, education, information, support, and referral at national, state and local levels through its strong nationwide network of Affiliates. “We are excited to partner with GTX Corp and begin providing the thousands of families we work with, easy to use technical solutions for those who wander. GTX Corp is a leader in helping parents and individuals maximize their safety in their homes and community. This partnership will help address the growing serious safety concerns of many families and individuals we serve,” stated Scott Badesch, Autism Society of America’s President and […]

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GTX Corp, Now MetAlert, GPS SmartSole in UK Trials through National Health Service

by NetworkNewsWire (NNW) ·        GPS SmartSole in trials with the UK’s National Health Service (NHS) ·        Could be issued across England through NHS ·        GPS SmartSole set for distribution across the UK and Ireland GTX Corp’s (OTC: MLRT) GPS SmartSole, which is fitted with location-based technology, could soon become available in the UK through the country’s National Health Service (NHS), according to several British news reports (http://nnw.fm/8LswG). The wearable GPS device is undergoing tests in Dorset, England, to assess its ability to keep track of dementia patients (http://nnw.fm/28GQi). A number of organizations that work with those suffering from Alzheimer’s and dementia appear to be pushing for the product’s adoption, among them Tony Young, a national clinical director of NHS England, and Sally Copley, a senior official of the Alzheimer’s Society in the UK. Copley, who serves as the director of policy, campaigns and partnerships with the Alzheimer’s Society noted in a Barchester article (http://nnw.fm/MD1lL) that […]

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GTX Corp Engages Doost, Inc. to Open Retail Channels

LOS ANGELES (July 19, 2018) GTX Corp (OTCBB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, today announces the hiring of Doost, Inc,. a boutique sales and business development agency bridging the gap between Big Box retailers and technology companies. Led by a team with extensive technology expertise, Doost understands the challenges technology companies have in bringing their solutions to the retail marketplace. Doost leverages this knowledge, along with its deep relationships within the retail industry and unrivaled access to a global network of resources, to assist tech companies’ scale and bring their products to market. “We look forward to helping GTX Corp expand its market reach to Big Box retailers while providing strategic opportunities through our corporate brand partners,” stated Aryan Davachi, managing partner. GTX Corp is best known for its wearable wander assistive GPS Smartsole® product, a […]

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GTX Corp Announces Update on Corporate Strategic Plan

Los Angeles, Calif. – July 12, 2018– GTX Corp (OTCBB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, announced today FINRA has approved and made effective the reverse split which was filed on June 25th. The trading symbol for the common stock will remain GTXO, however over the next 20 days it will trade under the ticker symbol GTXOD and then will revert back to GTXO once all the trading platforms have been updated. The Company did however get a new CUSIP number 362408 205. Symbol GTXO GTXOD Patrick Bertagna, GTX Corp CEO, commented, “ We are very pleased with how quickly this became effective, a tribute to FINRA, our legal team, CFO and our 10 years of being a fully reporting company. As part of our comprehensive plan to make the public side of our business more […]

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GTX Corp Launches 2 New GPS Trackers for Kids SmartSole Now Available in Size Small

LOS ANGELES, Calif. June 28, 2018 – GTX Corp (OTCBB: GTXO), an IoT platform and global provider of GPS tracking and monitoring wearable and wandering assistive technology, announces today the launch of the GPS SmartSole in size small and the new GPS Invisabelt designed for toddlers and kids. As GTX Corp continues to expand its line of GPS wearable technology for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury, the Company also recognizes that there is demand for tracking young children. GTX Corp is very pleased to announce the commercial rollout of the GPS SmartSole in size small, perfect for big kids and small women! “As we continue to partner with the autistic community and help create programs and solutions to fit their needs for small, non-invasive, non-intrusive and affordable assistive technologies, the long awaited size small GPS SmartSole comes at a perfect time,” […]

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GTX Corp Announces Strategic Plan to Up-List to the OTCQB Venture Exchange

  Los Angeles, Calif. – June 25, 2018– GTX Corp (OTCBB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, announced today it has filed for a reverse split as part of a strategic plan to up-list to the OTCQB Venture Exchange as well as realize a more attractive share price. GTXO is in final preparations to enact a reverse stock split that will bring the Company’s share price above $0.10, making GTXO eligible to up-list from the OTC Pink Marketplace to the OTCQB.   Patrick Bertagna, GTX Corp CEO, commented, “This is a long-term plan the Company’s board and management have been strategically working on over the past several months in order to make the public side of the business more reflective of the positive milestones and forward progress achieved in recent months, along with positioning the Company […]

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GPS SmartSole® Used to Predict Wandering of Individuals with Dementia

George Mason University’s College of Health and Human Services Completes Phase II of Machine Learning Wandering Prediction Research – GPS Tracking for Dementia Patients Los Angeles, Calif. – June 18, 2018– GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today that George Mason University’s College of Health and Human Services has successfully completed its Phase II machine learning wandering prediction research. The recently published study1 explores the possibility of using machine learning methods applied to data from GPS trackers to create individualized models that describe patterns of movement. These patterns can be used to predict the typical locations of individuals with dementia and to detect movements that do not follow regular patterns and may correspond to wandering. This research has the potential to greatly help families and caregivers quickly detect and stop episodes of wandering before they can result in tragic incidents. As part of a the GTX collaboration agreement with Mason, which began in fall of 2016, the university utilized the patented GPS SmartSole, GTX’s location-based technology and data, in order to […]

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