Category Archives: Archived PR

GTX Corp First Quarter 2018 Summary

Revenues increased 76%, Subscribers increased 79%, G&A decreased 17% LOS ANGELES, CA – May 16, 2018 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology, announced financial summary for the first quarter ended March 31, 2018. First Quarter Financial Highlights Overall revenue increase 76% over 2017 comparable period. Product revenue increase 181% over 2017 comparable period. Deferred revenue increase 130% over 2017comparable period Total Subscribers increase 79% over 2017 comparable period. Domestic Subscribers increase 41% over 2017comparable period Net Profit increase 143% over 2017 comparable period. Gross margins increase 30% over 2017 comparable period. Net loss decrease 44% over 2017 comparable period Loss from Operations decrease 46% over 2017 comparable period Professional services decrease 27% G&A decrease 17% Total operating expenses decrease 7% First Quarter Highlights Completed shipment to Edwards Air Force Base Expanded collaboration agreement with Veristride […]

Read More

GTX Corp Finishes Delivery of Initial Military Order and Comments on 2017 Financial Results

Los Angeles, Calif. – April 10, 2018 GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive technology business, announced today the completion of its initial military order and commentary on the Company’s 2017 summary highlights for year-end December 31, 2017. Management commentary: 2017 was a successful year in terms of achievements and positioning for 2018, but not in terms of numbers, there were no significant increases or decreases compared to the previous year in any of the major matrix numbers – revenues, expenses, losses or profit margins. There were three dominant factors that contributed to our results, first being our IP monetization campaign is taking much more time and resources than we had expected. Licensing revenues are typically high margin so this had a direct affected both our top and bottom line, however we have taken several steps to remedy […]

Read More

GTX Corp Partners with Garrison Defense to Provide Real Time GPS Weapons Tracking and Asset Accountability

LOS ANGELES, CALIFORNIA – October 25, 2017 – GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive technology business, announced today that it has partnered with Garrison Defense LLC (Bozeman, MT), an industry leader of intelligent ready-to-deploy weapon security systems, to incorporate GTX’s GPS tracking technology into Garrison’s new ArmaTrak™️ solution – an intelligent firearm tagging and tracking system that will provide law enforcement and military personnel with real-time weapons accountability through the Garrison central monitoring portal and app. The Garrison Defense ArmaTrak™️ system allows law enforcement and military personnel to innocuously equip a firearm with GTX Corp’s proprietary field-tested miniaturized GPS tracking technology in a way that seamlessly integrates with the weapon and is unrecognizable to the untrained eye. The device contains a GPS module connected through a cellular network that transmits movement and location based information which can be remotely monitored. When […]

Read More

GTX Corp Receives Military Contract

Department of the Air Force Awards Contract for Personnel/Equipment Tracking System LOS ANGELES, CALIFORNIA – September 20, 2017 – GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive GPS technology business, announced today that it has filed and 8K for receiving a material contract from the Department of the Air Force to supply Edwards Air Force Base (AFB), located in Southern California, with a non-cellular, encrypted GPS technology platform in order to track personnel and equipment on the base. Edwards AFB will be the first military base to deploy the new GPS devices which are specifically developed by GTX Corp for large scale installations and bases that need to monitor the location and movement of both human and non-human assets, but due to their remote location or lack of conventional cellular coverage, the devices need to transmit through RF technology, […]

Read More

GTX Corp Partners with ORBCOMM to Enable GPS SmartSoles on the Verizon Network

New GPS SmartSoles connected and distributed in the U.S. through the ORBCOMM / Verizon channel partnership LOS ANGELES, CALIFORNIA –September 12, 2017 – GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive technology business, announced today that it has partnered withORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and IoT solutions, to provide connectivity and distribution in the U.S. for its new Verizon GPS SmartSole® product. SmartSole, which is launching this week ahead of schedule, will be available for order on the ORBCOMM web platform, which will enable connectivity on the Verizon nationwide network as well as provide monthly billing services. GTX Corp’s patented GPS SmartSoles, the world’s first wearable yet invisible tracking technology, are placed in the wearer’s shoes and contain a GPS module connected through a cellular network that sends a GPS location to a central monitoring website or app. The product […]

Read More

GTX Corp Partners with HeartMath, Inc. to Provide Caregiving Community with Additional Resources

Drawing on HeartMath’s research-based personal stress relief technologies, GTX is adding HeartMath’s wellness products and services to provide and empower people, caregivers and organizations to greatly reduce stress associated with caregiving LOS ANGELES, CALIFORNIA – August 23, 2017 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, today announced it has formed a strategic alliance with HeartMath®, Inc., an acknowledged world leader in stress and resilience technologies that train users to release and reset their response to stress in real-time, and achieve a state of inner balance and optimal functioning. Founded by Doc Childre in 1991, HeartMath is focused on developing and delivering research-based, practical, and reliable tools and technologies that enable people to align and connect their heart, mind and emotions to produce transformative outcomes—with more flow and less stress. As the nation’s leading research and training organization in stress reduction and performance enhancement with […]

Read More

GTX Corp’s GPS SmartSole on Top 13 Smart Shoe List

As footwear is continuing to gain traction in the wearable tech industry, GTX Corp remains a pioneer in the space as the first wearable footwear technology company.   LOS ANGELES, CALIFORNIA – August 16, 2017 – GTX Corp (OTCQB: GTXO), an IoT platform and provider of personal location GPS wearable technology and wandering assistive technology, is pleased to announce it has been recognized as one of the “Top 13 Smart Shoes That Combine the Best of Technology and Fashion” for its patented GPS SmartSole® by Techflier, a premiere resource for tech startup, computing innovation and technology news. As footwear continues to gain traction in the wearable technology industry, GTX Corp is widely recognized as a pioneer in the space as the first wearable footwear technology company, marking over 15 years of keeping users connected to who and what matters with a suite of GPS tracking location-based solutions such as the Company’s […]

Read More

GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

LOS ANGELES, CALIFORNIA – May 15, 2017 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, has been exhibiting its flagship GPS SmartSole throughout Sweden at numerous highly attended, premier industry events over the past several months alongside the Company’s Swedish distributor, Posifon. Posifon, an IT/telecom company that, based on app- and mobile technology, develops new services for increased welfare, had representatives demonstrating the SmartSoles at the various events highlighted below, including the opportunity to present the patented product and participate on professional panels discussing the future of healthcare and welfare in Sweden as an example of a new innovative wearable technology. 10-11 May        MAS/MAR Nurse Training Days in Stockholm (Attendance: 200 persons) 9-10 May          Aid Exhibition in Gävle 3-4 May            Dementia Forum Gothenburg (Attendance: 1000 persons) 26-27 April       Vitalis E-health Forum Including 30 minute Presentation (Attendance: 1300 […]

Read More

GPS SmartSoles exhibiting in the Vigil booth at the Argentum Senior Living Expo in Nashville May 1-3 2017

GTX Corp CEO Patrick Bertagna along with adviser Andy Carle attended the Argentum Senior Living Executive Conference & Expo, that convenes top thought leaders across senior living to address the most critical issues facing the industry. The event featured educational sessions, a leading expo highlighting solution providers, as well as events to network with industry colleagues, support senior living initiatives, and recognize top professionals.    

Patrick Bertagna, CEO of GTX Corp (GTXO) Discusses the Company’s 2016 10K Report

Revenues, cash flow and profitability increased, while operating expenses decreased. Impressive partnerships and distributorships around the world have GTX Corp on the rise and looking forward to a big 2017. Additionally, you may read the Company’s additional comments in the Press Release published April 4, 2017.