Blog

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, […]

Read More

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, […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

GTX Corp Closes Million Dollar Institutional Financing at Premium to Market

Los Angeles, Calif. – July 16, 2018 – GTX Corp (OTCBB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, is pleased to announce the completion of several corporate initiatives including securing a million dollar round of financing at a 10x valuation of current trading price. The Company has already received its first tranche and will draw down additional tranches over the next 12 months. The financing will help position the Company for growth, support upcoming corporate initiatives and pay down some debt. GTX Corp has also successfully completed a reverse split and is in the process of up-listing to the OTCQB Venture Exchange. Over the next 15 days GTXO will trade under the ticker symbol GTXOD and then will revert back to GTXO once all the trading platforms have been updated. “We are thrilled to announce securing a […]

Read More

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 […]

Read More

NNW’s Stuart Smith introduces GTX Corp’s CEO Patrick Bertagna

NNW’s Stuart Smith introduces GTX Corp’s CEO Patrick Bertagna in an interview that reviews the company’s milestones, future growth strategies, and its portfolio of unique products designed to solve big problems. The interview can be heard at http://nnw.fm/9KCtB

NetworkNewsBreaks – Why GTX Corp. (GTXO) is “One to Watch”

GPS technology-focused holding company GTX Corp. (OTC: GTXO) is engaged in the design, manufacture and commercialization of a variety of products and services in the GPS tracking and monitoring industry. An article discussing the company reads: “Operating under the motto “We Put the ‘Where’ in Wearable Tech,” GTX’s main goal is to keep its customers connected to who and what matters most, with each of its patented tracking technologies providing real-time location coordinates on a map via a personalized portal. The company prides itself on offering not only technologies, but also effective solutions that provide safety, security and peace of mind by helping customers locate their loved ones or lost valuable items. … With a portfolio that includes more than 80 patents filed and issued and with products and services available in 35 countries, GTX’s tracking solutions use the latest in miniaturized, low-power GPS, mobile, RF and BLE technology, that […]

Read More

​GTX Corp’s Busy Month Highlighted By Clinical Validation, New Product Launch and Uplist Plans

Monday, 02 July 2018 11:00 (EST) According to the World Health Organization, the number of people affected by dementia—an umbrella term covering neurodegenerative diseases and conditions such as Alzheimer’s and frontotemporal disorders—will triple over the next three decades from about 50 million currently to 152 million. Unfortunately, there is an often-overlooked problem associated with dementia: wandering, a problematic and dangerous situation for caregivers and loved ones. While many biotechs and pharmas work on developing new drugs for treating dementia, there is no drug they can concoct to stop a patient from wandering off and losing their way. Fortunately, GTX Corp  (GTXO[OTO] – $0.0013 0.0003 (18.75%)   ) has a clinical proven innovative solution to not only keep track of the patient, but also predict when wandering may happen so it can be addressed early. A successfully completed mid-stage clinical study is just one piece of news that this little company has announced in what turned out to be an […]

Read More