Category Archives: Press Releases

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 […]

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GPS SmartSoles® Expanding U.S. Territory with New Rep in Florida

Los Angeles, Calif. – May 14, 2015 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today the appointment ofPAL BUTTON Medical Alert Systems as the sales representative for GPS SmartSoles in The Villages & South Florida area. The Nadler’s have been inspiring healthier, safer lives for families for over thirty years. “GPS SmartSole is the perfect complement to our existing products. We are thrilled to be selected as team members representing this innovative product,” said Fyllis Nadler, Director of Operations for PAL BUTTON Medical Alert Systems. “We had great success in presenting the SmartSole at the Fire Safety expo sponsored by the Villages Police and Fire Department, many individuals expressed interest and were excited to know that the product is now available for families.” Patrick Bertagna GTX Corp CEO commented, “We are excited about bringing on the Nadler’s to handle […]

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GPS SmartSoles at the Fire Safety Fair 4-18-2015 Lady Lake, FL

GPS SmartSoles at the Fire Safety Fair 4-18-2015 Lady Lake, FL May 12, 2015 translation servicesTranslate|French translationSpanish translationtranslate Germantranslate Chinese PAL BUTTON Medical Alert Systems sales representative for  GPS SmartSoles in The Villages & South Florida area.  GPS Insoles gps smartsoles, gps tracking, gps tracking device, PAL Button GPS SmartSole Launches in Australia at CeBIT 2015 May 7, 2015 translation servicesTranslate|French translationSpanish translationtranslate Germantranslate Chinese mCareWatch Pty Ltd Signs distribution agreement and places first commercial order with GTX Corp Los Angeles, Calif. – May 7, 2015 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today the signing of a distribution agreement with mCareWatch Pty Ltd, an Australian healthcare technology company focused on providing market leading assisted living, mobile health and tele-care solutions. mCareWatch introduced the patented SmartSole® wandering assistive wearable technology at the Global Business Technology Event- CeBIT, May 5 […]

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GPS SmartSole Launches in Australia at CeBIT 2015

mCareWatch Pty Ltd Signs distribution agreement and places first commercial order with GTX Corp Los Angeles, Calif. – May 7, 2015 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today the signing of a distribution agreement with mCareWatch Pty Ltd, an Australian healthcare technology company focused on providing market leading assisted living, mobile health and tele-care solutions. mCareWatch introduced the patented SmartSole® wandering assistive wearable technology at the Global Business Technology Event- CeBIT, May 5 – 7 at Sydney Olympic Park. mCareWatch has placed its first commercial order which is scheduled to ship next week and will begin selling the SmartSole in Australia in May. Andrew Duncan, Director of International Sales at GTX Corp, remarked, “There are close to 350,000 people living with dementia in Australia, with 1,800 new cases diagnosed every week and an estimated 1.2 million caregivers. […]

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GTX Corp’s New E-commerce Store Features 6 Month Interest-Free Financing on GPS SmartSoles

Los Angeles, Calif. – May 1, 2015 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today that it is offering 6 months interest-free financing for its flagship GPS SmartSoles. Available through its newly launched e-commerce store customers will have the option of signing up for a payment plan through PayPal, offering 6 months interest free financing. “By providing our consumers interest free financing, we are making the SmartSoles easier to purchase for individuals of all backgrounds and lifestyles”, commented Meghan Ravada, head of consumer sales at GTX Corp. “this technology is so essential for those caring for individuals with cognitive-impairing diseases such as Alzheimer’s and Autism that we want to make it easy and affordable for all”. GTX Corp’s patented GPS SmartSoles™, which were featured in AARP’s 2015 technology gear guide are placed in the wearer’s shoes and contain […]

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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 […]

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GTX Corp Adds Netherlands Distributor, Track & Trace NL

LOS ANGELES, CALIFORNIA – MARCH 11, 2015 –Addition Brings Total International Distributors to 7 with 5 More Currently Testing GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies, is pleased to announce the addition of Track & Trace NL to its growing list of international distributors.  Track & Trace is based in the Netherlands and has been supplying GPS tracking solutions in the Netherlands, Belgium and surrounding countries since 2010. “The GPS SmartSole is one of the most innovative products we have seen for our customers,” commented Marcel Timmerman, Director of Track & Trace NL.  “With our focus on personal tracking solutions in the healthcare sector, the GPS SmartSole fits well within our portfolio of products.  Our growing demographic of elderly with cognitive memory disorders in the Netherlands and Belgium has provided us with a unique opportunity to be a trusted source of technology enabled products.  […]

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GTX Corp Expands Sales Channels Launches Affiliate Program for GPS SmartSoles®

LOS ANGELES, CALIFORNIA – MARCH 5, 2015 –10 Premiere Affiliates Added in the First Week, Increasing Direct Consumer Sales GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies, is pleased to announce the launch of its affiliate program for its flagship GPS SmartSoles.  The affiliate program was launched in partnership with ShareASale, a U.S. based online marketing program management firm. Andrew Duncan, Director of Business Development for GTX Corp, commented, “The launch of our domestic affiliate program provides additional exposure and sales channels for our patented SmartSoles.  We are pleased to have added high profile affiliates in the first week, including The Alzheimer’s Store to our selective list.  As we continue to build out our direct to consumer marketing strategy, the ability to access consumers where they shop online, through trusted affiliates, is paramount in today’s rapidly growing online buying community. Using the internet to share […]

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Positions GTX Corp with a clean balance sheet going into 2015

LOS ANGELES, CALIFORNIA – JANUARY 15, 2015 – GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies, is pleased to announce the retirement of all senior secured convertible promissory notes previously held by an institutional investor.  The entire principal balance of all the senior secured convertible notes was converted into common stock or retired.  In total, $716,000 of debt and liabilities were extinguished from the balance sheet.   In addition to the retirement of all the senior secured convertible notes, the Company completed a small, at market, bridge financing at an effective price of $.011 per share with several strategic investors in the amount of $167,500.   “The elimination of this convertible debt along with this bridge round, has strengthened our balance sheet and helped to finance some of the production for the recent consumer launch of our SmartSoles,” commented Patrick Bertagna, CEO of GTX […]

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