Category Archives: Investor News

GPS SmartSole Commercial Rollout Across Sweden

LOS ANGELES, CALIFORNIA – September 16, 2015 – Posifon AB Launches in Nordic Markets Adding to the GTX Corp Growing International Distributor Base  GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business, announced the completion of a successful SmartSole six month pilot program transitioning into a commercial launch and the signing of a reseller/distribution agreement with Posifon AB, a market leader in mobile safety alarms for elderly persons in Sweden and other Nordic countries. Posifon placed its first commercial order for receipt of inventory through the remainder of 2015, with expected delivery dates scheduled in October, November and December. Sweden currently has close to 160,000 seniors between the ages of 60 and 95 who are afflicted with dementia, which represents about 2 % of their population. The prevalence rates used are based on studies involving diagnosed cases of dementia, however many people are […]

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SeeThruEquity Initiates Coverage on GTX Corp. (OTCQB: GTXO) with a Price Target of $0.09

New York, NY (Accesswire)–SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage of SeeThruEquity Initiates Coverage on GTX Corp. (OTCQB: GTXO) with a Price Target of $0.09. The report is available here: GTXO Initiation Report.  SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street. Headquartered in Los Angeles, CA GTXO is focused on providing innovative, wearable technology solutions in the personal location services marketplace using 2-way GPS tracking technology.  Through two subsidiaries, GTX California and LOCiMOBILE, the company has developed an innovative line of products targeting the consumer, e-Health and enterprises market with wide-reaching potential applications in the fast-growing, multi-billion dollar wearable technology and personalized […]

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GTX Corp (GTXO) Q2 Earnings Report Shows Rapid Rate of Adoption for SmartSoles Technology

There are times when a product is simply well suited to address a major need in the market. That’s usually indicated when that product’s adoption upon arriving on the scene takes off rapidly, reacting to years of pent up demand for something people have always needed but never had access to. And, if the company’s Q2 report is any indication, SmartSoles® from GTX Corp (GTXO) is just such a product. Despite only being available for about seven months, GTX Corp is rapidly adding subscribers. Something that has revenues soaring. An Important Development for Treating Cognitive Disorders SmartSoles is an important addition to the rapidly expanding market for wearable tech. However, unlike an iWatch or FitBit, the product isn’t just about a fun new tech toy. These GPS devices can be worn in a person’s soles like any other sort of insole and allows subscribers to track the location of whoever […]

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GTX Corp Reports Second Quarter 2015 Financial Results and Business Overview with Increased Revenues, Subscribers, Customers and Channel Partners

LOS ANGELES, CA – August 19, 2015 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology, announced the results of its financial performance for the second quarter ended June 30, 2015. Second Quarter Highlights Revenue increased 275% over 2014 comparable period Subscribers increased 72% quarter over quarter Subscriber revenues increased 136% quarter over quarter Opened a distribution center in Ireland servicing Europe demand Active units in the field and subscribers in over 20 countries Added 3 professional athletes as brand ambassadors Became a member of the United Nations Global Compact Began development of next generation SmartSole Raised $200,000 from fixed price convertible notes Launched new corporate website   “Q2 2015 has been about building distribution and infrastructure for future growth,” commented Patrick Bertagna, CEO of GTX Corp. “As we continue our transition from an R&D company to an […]

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GTX Corp Launches in Ireland

GTX Corp Launches Fulfilment Center in Ireland to Support SmartSole Sales in Europe June 3, 2015 translation servicesTranslate|French translationSpanish translationtranslate Germantranslate Chinese LOS ANGELES, CA. – June 3, 2015 – GTX Corp (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology, announced today the signing of an agreement with Alroni Ltd. based in Ireland, sister company of TippToes, an established supplier of medical garments and footwear in Ireland and the U.K. for over 17 years. Under this agreement, GTX Corp will warehouse and stock inventory in the Alroni facility and Alroni will handle all aspects of order processing and fulfilment including customs clearance, CE and other European certifications, European tax compliance, European VAT invoicing. Alroni will also provide local sales and marketing support for orders taken in the territory through the new GTX Europe e commerce platform expected to launch by […]

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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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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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