Archive for the ‘GTX Corp GTXO’ Category

GTX Corp. (GTXO) GPS Tracking Apps Crosses Over 1 Million Users

Thursday, June 30th, 2011

GTX Corp. is a leader in embedded real-time GPS tracking and personal location services. The company today announced that its LOCiMOBILE subsidiary’s GPS Tracking Apps crossed over 1 million downloads with users in 116 countries.

The GPS tracking app is a simple way to stay connected to a child, parent, friend or business associate. Users can quickly and accurately do so from a smartphone or internet ready device like the iPod, iPad or Android tablet, with the touch of a button.

The company pioneered 2-way GPS tracking technology over 9 years ago and defined a whole new category of location-based services by coining the phrase “Personal Location Services”. Over those 9 years, LOCiMOBILE’s 2-way GPS tracking platform has earned a significant increase in awareness and demand. Its tracking apps continue to be on the top charts of iTunes and Android marketplace. This has given GTX a strong foothold in the $13 billion industry.

Looking ahead, GTX is continuing to expand its LOCiMOBILE ‘proximity marketing platform’. It has recently partnered with MyChamberApp.com and launched a deal of the day for Pizza Hut in Longview, Texas. Such initiatives are expected to be a future revenue generator for the company.

For additional information on GTX Corporation, please visit the company’s website at www.gtxcorp.com

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GTX Corp. (GTXO.OB) Signs Platform Test Agreement to Bring GPS Shoes to Senior Market

Wednesday, May 27th, 2009

GTX Corp and Aetrex Worldwide, Inc. have entered into a platform test agreement with plans to collaborate on the development and mechanical engineering of GTX’s patented PLS (Position Location System) 2-way transceivers and software systems to track the location of “wandering” seniors afflicted with dementia.

“There are a growing number of seniors suffering from dementia and we know over 50% ‘wander’ without anyone’s knowledge of where they are and where they are heading,” stated Chris Walsh, an ex Nike executive and current COO of GTX Corp. “The shoe we intend on developing with Aetrex should help authorized family members, friends, or caretakers reduce their stress and anguish by enabling them to locate their loved ones instantly with the click of mouse from any desktop computer or mobile phone with internet access.”

“Five million Americans are afflicted with Alzheimer’s and this is estimated to grow to more than twenty million as the Boomer population ages,” added GTX Advisor Andrew Carle, an internationally recognized expert in technology for seniors and Director of the nation’s only program in Senior Housing Administration at George Mason University. “Up to 60% of these individuals will become lost at least once and nearly half may die if not located within 24 hours. The volume of lost persons also threatens to overwhelm police, fire, and rescue systems — so this is life saving as well as a resource critical technology.”

A global leader in pedorthic footwear and foot orthotics, Aetrex manufactures and distributes styles specifically designed for the senior medicinal market. Aetrex’s existing integration of footwear and technology makes the company an ideal fit for GTX Corp who possesses an extensive intellectual property portfolio centered on its PLS technological innovations. With development beginning immediately, actual product testing is anticipated to commence by Q4 of 2009.

“We are excited to partner with GTX to develop a line of shoes incorporating their PLS systems. Working together we are confident that we can create an innovative product that addresses the needs of a growing population and the families that are affected,” said Evan Schwartz, President of Aetrex Worldwide Inc.

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GTX Corp (GTXO.OB) Receives Positive Analysis from Vista Partners

Tuesday, April 21st, 2009

Vista Partners, one of the fastest growing independent equity research firms in the U.S., has been following GTX Corp (GTXO.OB) since mid-2008. Vista’s analysis team consists of seasoned professionals with backgrounds in corporate communications, investment banking, and finance. Vista published a thorough analysis of GTX in November 2008 and has recently published its latest findings in its April newsletter.

Amazingly at this time the company has zero debt on its books, which is generally unheard of in a developing company. The company’s management team continues to look at ways to streamline costs and is now focused on significantly reducing its recurring operating expenses. According to the Vista analysts, there are a myriad of companies that “would love to have no debt and enough cash on hand to support one year’s worth of operating expenses.”

GTX stock is currently being traded around cash value, which does not reflect any of the company’s other assets like inventory, accounts receivable, or its growing intellectual property and patents. The gap between where the GTX stock is being traded versus the company’s actual assets reflects a tremendous opportunity for investors. A brief look at the company’s two wholly-owned subsidiaries supports this conclusion, since LOCi Mobile and CANS continue to develop and provide GTX with solid value.

LOCiMobile has plans to release its latest tracking application to Apple App Stores in the near future. This newest application release version 1.3 has the ability to turn the latest iPhones into tracking devices that can provide real-time location information on the company’s PLS portal. The previous application release, LOCiMe version 1.2, was distributed internally by the company. This latest release will be the company’s first direct-to-consumer offering. The LOCiMobile development team plans to develop up to 4 additional applications this year with tentative releases scheduled every eight to twelve weeks.

The Code Amber News Service (CANS) has made tremendous strides over the last four months. CANS is designed to support law enforcement in the recovery of missing persons throughout Canada and the United States. During its first one hundred days working with GTX, the CANS metrics results increased significantly. The company reported that website and desktop tickets hit 64,272,726 in the first quarter 2009. The site’s daily page views went up by about 21% and its ticker and commercial news feed distribution numbers shot up by one million. With the additional traffic, the site’s Alexa ranking is now 48,539th, which is a 41% increase from its previous ranking of 81,049th. The Vista analysts believe “the value of CANS to be in the millions of dollars.”

With cash on hand, no debt, and two subsidiaries with aggressive plans for 2009, it looks like GTX will have a strong financial showing for the year.

Vista Partner’s initial research report on GTX Corporation can be viewed at http://vistap.com/pdf/GTXO%2011-11-2008.pdf.

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GTX Corp. (GTXO.OB) Sees Major Growth in Customized Mobile Market

Wednesday, April 15th, 2009

GTX Corp., as a world leader in GPS Position Location Systems (PLS), is successfully leveraging its intellectual property portfolio and product line into the mobile wireless and personalized geo-location markets. The wireless market is expected to exceed 4 billion mobile handsets by 2011, representing a huge opportunity for customized PLS technology licensing. The goal is to give every mobile wireless device real time personal location capability.

In support of this exciting new move is the latest member of the growing GTX team of strategic advisors, Dr. Gilbert Amelio, of Alteon Capital Partners. Dr. Amelio will help guide the company as it continues to expand in the burgeoning PLS marketplace and the mobile wireless application of customizable location technologies. Dr. Amelio has over 35 years of experience in new technology introduction and direction, as CEO of Apple Computer, Group President of Rockwell International, and Chairman and President of National Semiconductor. He is an active member in the venture capital community.

Dr. Gilbert Amelio, GTX Strategic Advisor:

“As GTX Corp approaches the tipping point of readiness in consumer adoption, I am enthusiastic about being a part of this next wave of consumer PLS applications. Allowing users to customize and personalize geo-location information opens up a tremendous marketplace. This expanded capability should make 2-way GPS ubiquitous. GTX Corp’s ability to license a customizable platform will address the healthy and ramping demand for these applications. Now that the company has harnessed this unique technology, I welcome the opportunity to help steer GTX Corp during its passage from an early stage company to a corporation on the global stage.”

Patrick Bertagna, GTX CEO & President:

“2-way GPS in concurrence with the proliferation of four billion cell phones represents a seismic shift in the marketplace. Subscribers want to receive and interact spontaneously to life’s circumstances. As GTX continues to architect its platform we look forward to working with Dr. Gil Amelio who has continuously transformed the technologically complex into widely adopted user friendly formats.”

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GTX Corp. (GTXO.OB): The Next 800% Stock?

Monday, April 13th, 2009

GTX Corp. (GTXO.OB), the growing California based developer of miniaturized two-way GPS tracking technology, looks poised for a big takeoff. Although nobody knows exactly where the economy is headed, GTX has a lock on the kind of product that’s an investor’s (and parent’s) dream.

The company is a pioneer in the two-way Personal Location Services (PLS) market, and an industry leader in the $8 billion location-based GPS market. Much of its potential is in its gpVectorTM units, which the company plans to embed in a variety of lifestyle products, allowing anyone with an Internet connection, including PDAs and cell phones, to track their children, an Alzheimer’s patient, pets, outdoor adventurers, military and emergency personnel, luggage, almost anyone or anything.

Because the company’s technology is designed to be embedded in shoes or other products, rather than sold as a loose device, it’s less likely to get lost or damaged, and a person doesn’t have to depend upon someone remembering to take it along. You can even set virtual boundaries that notify you immediately if they’re crossed.

If GTX represents a potential lifesaver to families and anyone needing to keep track of people, equipment, or pets, then it represents gold to investors. Think of the market. According to the National Crime Information Center, some 2,000 children go missing every day, and some never come back. In fact, it was the horrifying abduction of 14-year old Elizabeth Smart, snatched in 2002, that prompted an outraged software developer named Patrick Bertagna to begin work on a miniature tracking device small enough to be concealed in a shoe or clothing. There are also 5 million Alzheimer’s patients in the U.S. alone, with the number expected to grow significantly.

The Personal Location Services market is projected to reach more than $20 million by 2011 in North America, and $300 million worldwide. As a result, major corporations are starting to talk to GTX about embedding the technology in their products, giving them a major competitive edge. GTX has already signed a five year $25 million dollar licensing agreement with My Athlete LLC, with more deals lined up. The company has also received unsolicited requests from 19 countries for distribution agreements, with new inquiries coming in consistently.

With a stock currently selling at bargain prices, and looking at tens of millions of dollars in new deals, it’s not hard to imagine GTX as the next 800% stock.

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GTX Corp (GTXO.OB) GPS/PLS Device Leads the Competition

Tuesday, April 7th, 2009

GTX Corp develops miniaturized GPS tracking and location-transmitting technology solutions for integration into branded licensee consumer products. The company is continuing its efforts to advance its 2-Way GPS technology as it defines the Personal Location Services (PLS) space.

The company’s personal location services platform consists of a matchbook-sized, location-reporting module that utilizes GTX Corp’s “always-on” assisted-GPS tracking capabilities. The company’s gpVector system uses cellular transmission provided by GTX partner, AT&T, to deliver real-time geographic coordinates, rendered on Google maps, to subscribers via secure internet connections.

One of GTX’s products – the gpVector miniMT2 – is a palm-sized 2-way GPS device that offers real-time tracking solutions. It is ideal for monitoring people, vehicles and valuables, providing security and recovery services to subscribing clients with both GPRS/SMS.

The company’s gpVector miniMT platform is a fully certified quad-band integrated platform that provides complete GSM/GPRS functionality for mobile tracking applications. Its integrated GPS/A-GPS capabilities include tracking of up to 14 satellites and location reporting through SMS and GPRS.

Among the many gpVector miniMT2 features are a motion sensor which puts the device to sleep after one minute of no movement, tremendously enhancing battery life and power optimization. There are also geo-fence settings available and the device also comes with a panic button, providing subscribers with a precise notification location on Google or Microsoft maps that can be monitored on laptops, cell phones and PDAs.

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GTX Corp (GTXO.OB) – The Personal Location Services Company

Friday, April 3rd, 2009

California-based GTX Corporation develops miniaturized GPS tracking and location-transmitting technology solutions for integration into branded licensee consumer products. Since 2002, the company has continued its efforts to advance 2-way GPS technology as it defines the personal location services (PLS) space.

GTX’s personal location services platform consists of a matchbook-sized, location-reporting module that utilizes the company’s “always-on” Assisted-GPS tracking capabilities. The company’s gpVector system uses cellular transmission provided by the company’s wireless carrier partner – AT&T – to deliver real-time geographic coordinates, rendered on Google maps, to subscribers via secure internet connections.

The company’s first commercial application is in footwear and has been awarded a patent entitled “Footwear with embedded tracking device and method of manufacture”. GTX believes that footwear is the best consumer product to house its miniaturized GPS module in order to monitor children and seniors. The company is pursuing licensing opportunities with various footwear brands for its embedded 2-Way GPS/PLS platform and has already signed a five-year multi-million dollar agreement with MyATHLETE LLC.

In order to capture market share for those not included in the children or senior segments, GTX plans to release a consumer product called LOCrime. LOCrime is a mobile tracking application that turns the latest iPhone into a tracking device capable of using the company’s existing platform. LOCrime version 1.2 will be distributed through the Apple App Store.

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GTX Corp (GTXO.OB) Poised to Successfully Expand and Launch New Products

Tuesday, March 31st, 2009

Over the last decade we have seen the explosion of the wireless market. When they were first introduced to the public, cellular phones were the size of a briefcase. Now, they are smaller than a deck of cards and can make calls, take photos, and access the internet. According to Wireless Intelligence, the GSM Association’s market intelligence unit, by 2011 there will be upwards of four billion mobile handsets worldwide. Findings indicate that an increasing number of units purchased globally will have GPS and positioning capability. GTX Corp (GTXO.OB) is in the midst of implementing an accelerated plan to capitalize on consumers’ continued interest in wireless technology.

GTX, a developer of customizable two-way Global Positioning Systems (GPS) and Position Location Systems (PLS) applications, is now moving from development stage to production level. Since 2002, GTX has developed, patented, and integrated miniaturized cellular location-transmitting and GPS tracking technologies into a number of products. GTX plans to gain a share of the wireless marketplace by combining its broad intellectual property portfolio and product line with the latest location based solutions.

Alteon Capital Partners was recently retained by GTX to provide guidance during this period of growth. Dr. Gilbert Amelio, managing partner of Alteon, will take a lead role in advising GTX management on the deployment of the company’s products into the mobile market. The company first has plans to expand the presence of its Code Amber News Service (CANS). The CANS website currently reaches an audience of 1.8 billion people and is considered the leading Canadian and U.S. syndication of all state Amber Alerts.

GTX is also on the cusp of launching its latest product, LOCi Mobile™, and Dr. Amelio will actively provide guidance on its release. LOCi Mobile™ will offer consumers a suite of downloadable and customizable applications that will transform 150 models of GPS-enabled devices from one-way navigation GPS mobile units into two-way GPS/PLS transceivers.

“As GTX Corp approaches the tipping point of readiness in consumer adoption, I am enthusiastic about being a part of this next wave of consumer PLS applications. Allowing users to customize and personalize geo-location information opens up a tremendous marketplace,” Dr. Amelio recently stated. “This expanded capability should make 2-way GPS ubiquitous. GTX Corp’s ability to license a customizable platform will address the healthy and ramping demand for these applications. Now that the company has harnessed this unique technology, I welcome the opportunity to help steer GTX Corp during its passage from an early stage company to a corporation on the global stage.”

Dr. Amelio brings to GTX over 35 years of experience in the technology sector. Not only has he held a number of executive positions with high-tech firms, including Chairman and CEO of Apple Computers, Chairman and President of National Semiconductor Corporation, and Chairman and President of Jazz Technologies, he has the technical know-how to advise the GTX management team. He has been awarded 16 patents, is an IEEE Fellow, and earned his Ph.D. from the Georgia Institute of Technology. Dr. Amelio has also been a co-author on three books: An American Imperative (1993), Product from Experience (1995) and On the Firing Line: My 500 Days at Apple (1998).

Patrick Bertagna, President and CEO of GTX, stated, “2-way GPS in concurrence with the proliferation of four billion cell phones represents a seismic shift in the marketplace. Subscribers want to receive and interact spontaneously to life’s circumstances.” Bertagna continued. “As GTX continues to architect its platform we look forward to working with Dr. Gil Amelio who has continuously transformed the technologically complex into widely adopted user friendly formats.”

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GTX Corp (GTXO.OB) is Led by a Highly Experienced Management Team

Friday, March 27th, 2009

Chairman and CEO Patrick Bertagna founded GTX Corp and co-invented the company’s patented GPS Footwear technology (US Patent No. 6,788,200). He has nearly three decades of experience building companies in both technology and consumer branded products. Mr. Bertagna is fluent in French and Spanish; has formed alliances with Fortune 500 companies; and has been a keynote speaker at numerous industry trade shows and conferences.

Chief Operating Officer Christopher M. Walsh is recognized as one of the premier production, sourcing and operations executives within the footwear and apparel industry. He began his career with Nike in 1974 and was responsible for establishing and implementing Nike’s first manufacturing operation in the Far East. He also served in leadership roles at Reebok International and LA Gear, and founded CW Resources, a Los Angeles based firm providing design, development, manufacturing and licensing consulting services to an extensive client base.

Chief Financial Officer Murray Williams spent over twenty years as a CPA in KPMG’s assurance practice. His specialty was financing of public offerings, mergers and acquisitions. Williams left KPMG to become a founding member of Buy.com where he developed the finance, legal, business development and Human Resource departments. He spearheaded Buy.com’s IPO and managed its overseas expansion. Williams left Buy.com in 2001 to become an active entrepreneur and joined GTX Corp a few years later.

Executive Vice President and General Counsel Mark Abdou has been practicing law more 10 years and brings extensive experience dealing with companies going through the process of building their organizations by providing access to an impressive rolodex of contacts and helping management build winning teams. His expertise includes: IPO and APO financings, reverse mergers with PIPE investments, mergers and acquisitions, venture capital and private equity financings, registered offerings, SEC compliance (10‐Q, 10‐K, etc.), corporate compliance and governance, employment, IP agreements, stock transfer and trading issues, and exchange listing requirements.

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GTX Corp (GTXO.OB) Has Built a Solid Foundation for its Products

Tuesday, March 24th, 2009

Since the industrial revolution, imaginative people have been continually creating new technology. The new devices of today often make our lives easier, but only if they work. Most international business travelers have probably faced a situation when their cellular phone or PDA does not work in a certain city or country. Companies can no longer just create electronic communication devices; they must also consider the geographic range that their products will be used.

During its development phase, GTX Corp took geographic scope into account and has signed several agreements with strategic partners. GTX has a number of products ready for deployment and its partners will ensure that its devices will work worldwide. While the Global Positioning System (GPS) developed by the US Department of Defense can be used freely by civilians, the GTX devices need to be linked with a number of other applications to function properly. One key relationship is with Google (NASDAQ: GOOG) Earth, which combines Google Search and Google Maps with maps, terrain, and satellite imagery to allow users to be located all over the world.

GTX has also partnered with Broadcom Corporation (NASDAQ: BRCM) to utilize its Global Locate IndoorGPS® technology. Global Locate specializes in assisting companies create miniaturized electronic devices at a low price point that consume ultra-low levels of power. Partnering with Broadcom is a tremendous achievement as the Global Locate technology meets the most stringent Mobile Operator A-GPS performance requirements for E911, E112, Navigation, Location-enabled services, Autonomous, and location-based services application.

GTX has entered into an agreement with AT&T (NYSE: T) to ensure that its devices are able to relay GPS coordinates appropriately through the company’s ALLOVER™ Network, which is regarded as the largest and fastest digital voice and data network in the United States. The ALLOVER™ Network, which currently covers the top 100 U.S. markets with over 270 million users, offers a national GSM (Global System for Mobile Communication) footprint over all its service regions. GSM is the world’s most popular wireless phone technology that is used by over 1 billion people worldwide.

The Parthenon Group is another important partner that consults with GTX management. Parthenon has over 150 members in their offices in Boston, London, and San Francisco that advise CEOs and business leaders worldwide. Not only is Parthenon an important advisor to GTX, Parthenon is also in a position to assist its clients with funding if necessary, as it is a founding partner of a small to mid-cap hedge fund named Strategic Value Capital.

To ensure that it is able to meet consumer demand, GTX has also entered into an agreement with Pou Chen Corporation, an athletic and casual footwear manufacturer. Since it was founded in 1969, Pou Chen has expanded to over 376 production lines in China, Indonesia, Vietnam, Mexico and the U.S. Pou Chen should be able to meet GTX growing needs as it already successfully produces over 200 million pairs of shoes per year.

Since its founding, GTX has not only focused on refining its products, but is making a conscious effort to build relationships with its partners that ensure that its devices will be build with the best technology and work right out of the box.

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GTX Corp (GTXO.OB) Helps Monitor Children and Seniors within Safe Zones

Thursday, March 19th, 2009

Since the company was founded in 2002, GTX Corp has been committed to creating personal location solutions to keep all types of people safer. With our society becoming much more mobile than it was 25 years ago, GTX has dedicated its efforts to developing miniaturized GPS tracking devices into a variety of consumer products.

One of the first products that GTX has developed is the Xplorer, an athletic shoe that incorporates a small GPX tracking device into the sole of the shoe along with a number of other patent-pending ideas. As with any other electronic device, the Xplorer needs a power source. To meet this need, GTX has created a proprietary battery that can run several days before a recharge is necessary.

According to Patrick Bertagna, President and CEO of GTX, “The Xplorer smart GPS tracking shoe is the first of wearable electronics that enhances lifestyle and peace of mind. This disruptive technology is projected to transform the way people think about buying clothing and footwear. Traditional buying criteria such as fashion, comfort and pricing will converge with lifestyle improvements to ultimately influence brand awareness and consumer buying decisions.”

A key feature that sets the Xplorer apart from other GPS capable devices is the incorporation of GTX’s proprietary “set it and forget it” Dual GeoFencing™ technology. Caregivers of children and the elderly can designate a safe perimeter for the wearer. Once the wearer moves into an unsafe (red) zone, an alert can automatically be sent to a caregiver’s cell phone.

Some may wonder if the imbedded device may be bulky and/or hamper the overall aesthetic look of the athletic shoe. To address this concern, the company’s engineering team has incorporated a GPS receiver, cellular phone, motion detector, and battery charger into a small device so light that it only weighs about an ounce.

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GTX Corp (GTXO.OB) Has Technology to Keep Those in Commercial Vehicles and Vessels Safer

Tuesday, March 17th, 2009

Since it became fully operational in 1993, use of the Global Positioning System (GPS) continues to flourish. The GPS is a global navigation satellite system (GNSS) that was originally developed by the U.S. Department of Defense and is managed by the U.S. Air Force. The GPS is the only fully functional GNSS that can be used freely and companies like GTX Corp (GTXO.OB) are focused on utilizing the technology to better the lives of everyday citizens.

By now most everyday citizens have used GPS technology at one point or another to help them get to a destination. Other people, such as truck and taxi drivers, couriers, and repair personnel use GPS technology to get to different locations on a daily basis. GTX has put a spin on how to currently use the technology by allowing a 2-way GPS signal to filter through its devices.

The gpVector™ miniMT2 is a palm-sized device that provides real-time tracking ability that works on a quad-band platform that provides complete mobile tracking on up to 14 satellites for worldwide coverage. The miniMT2 has a motion sensor that puts the device into sleep-mode when the unit senses no movement after one minute, which extends battery life and power optimization. The device is also built with a panic button in the event that the user requires immediate assistance. The user’s precise location can be tracked on Google or Microsoft maps and forwarded to laptops, cell phones and PDAs.

The miniMT2 is only the first product of many that GTX is developing. As GTX continues to expand its product line, companies are turning to GTX to better manage their assets. The GTX devices also provide a level of safety to those on the roads and on the oceans. Consider the recent tragedy when a boat capsized in the rough waters of Florida. If the boat had a GTX device onboard, the crew could have pressed the panic button. The boat’s location could have easily been pinpointed and communicated to the Coast Guard rather than searching in the vastness of the ocean. Commercial fishing vessels, charter boats, and cruise ships can increase the survival of its crew and passengers by incorporating the GTX devices onto its vessels or even on its life-vests.

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GTX Corp (GTXO.OB) Technology Will Help Find Lost or Injured Athletes

Friday, March 13th, 2009

GTX Corp (GTXO.OB) is a pioneer developing new methods of utilizing GPS (Global Positioning System) technology. Some Americans have a GPS device on the dashboard of their vehicles to instruct them on how to get from point A to point B. Others touch a button and get assistance from a live customer service representative.

Athletes often train in the early morning and late evening. Hours upon hours can be spent away from home. GTX has developed a 2-way Personal Location Services (PLS) device durable enough to fit in the sole of a running shoe. All levels of runners and joggers can have an extra layer of peace of mind as they log miles on the road or on the trails. If a runner does not make a rally time due to injury or being lost, a designated point person can easily find the athlete’s location through the imbedded 2-way PLS.

Not only can the device be used for safety needs, it can also be used to improve an athlete’s performance. Marathoners and tri-athletes can also use the device to track real-time performance times during races. To get the imbedded footwear out to the marketplace, GTX recently signed a five-year licensing agreement with My ATHLETE LLC that secures the competitive non-motorized athletic category of shoes.

The 2-way PLS device placed in running shoes shows the practical application of GTX’s first patent (US Patent Number 6788200). The company has thirteen additional patents pending approval. Five of the patents pending are at an advanced state and should be issued to GTX by the end of the year. The company will be submitting two additional patent applications in the near future. Rather than rely on one product, GTX is aggressively researching various areas to apply its 2-way GPS technology. With more than a dozen patents in process, GTX has positioned itself for unbridled growth.

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GTX Corp (GTXO.OB) Retains Alteon Capital Partners to Formalize Global Expansion Strategy

Thursday, March 12th, 2009

After years of planning and development, GTX Corp (GTXO.OB), a company that has created miniaturized GPS tracking and cellular location-transmitting technology platforms, is now in a position to get products into the hands of consumers. GTX has created 2-way Global Positioning Systems (GPS) and Position Location Systems (PLS) that can be applied to customized products. The company recently announced that Alteon Capital Partners has been retained to advise GTX in the launch of its products.

With the addition of Alteon Capital Partners, GTX continues to follow its strategy to build a team of premier strategic advisors. Alteon specializes in advising clients on financing, transformation and repositioning, corporate development, and value recovery services. Estimates indicate that by 2011 there will be more than four billion mobile handsets worldwide. Dr. Gilbert Amelio, managing partner at Alteon, will take a lead role in advising the company on advancing its products into the GPS/PLS niche. Dr. Amelio will assist the executive team in formalizing a deployment strategy to increase its market share with the launch of its two newest products, LOCi Mobile and Code Amber News Service (CANS).

“2-way GPS in concurrence with the proliferation of four billion cell phones represents a seismic shift in the marketplace. Subscribers want to receive and interact spontaneously to life’s circumstances,” stated GTX CEO and President, Patrick Bertagna. “As GTX continues to architect its platform we look forward to working with Dr. Gil Amelio who has continuously transformed the technologically complex into widely adopted user friendly formats.”

Dr. Amelio brings over 35 years experience in the high technology sector. He earned his Ph.D. from Georgia Institute of Technology and has been awarded 16 patents. Dr. Amelio has held a number of executive level positions including Chairman and CEO of Apple Computer, Inc., Chairman, President and CEO of National Semiconductor Corporation, Group President of Rockwell International, and Chairman and CEO of Jazz Technologies. Along with being an active member of the venture capital community, Dr. Amelio currently sits on the Board of Directors of AT&T.

“As GTX Corp approaches the tipping point of readiness in consumer adoption, I am enthusiastic about being a part of this next wave of consumer PLS applications. Allowing users to customize and personalize geo-location information opens up a tremendous marketplace,” Amelio recently stated. “This expanded capability should make 2-way GPS ubiquitous. GTX Corp’s ability to license a customizable platform will address the healthy and ramping demand for these applications. Now that the company has harnessed this unique technology, I welcome the opportunity to help steer GTX Corp during its passage from an early stage company to a corporation on the global stage.”

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We Know Where You Are

Thursday, March 12th, 2009

If the above headline sounds a bit spooky, be prepared for things to get a lot spookier in the coming years – but also a lot more useful, valuable and fun. That’s because electronic technology has once again taken a turn that could, like the cell phone, affect much of your waking life, either directly or indirectly.

What we’re talking about is the technology, now available to anybody, to track (and record) the location and travels of just about anyone, including, in some cases, people who don’t even know they’re being tracked. This particular branch of the rapidly growing GPS/cellular tree usually goes by the innocent sounding name of Personal Location Services (PLS).

The PLS market may be relatively young, but it is trending strongly upward, and is now expected to be an $8 billion market by 2011. There are a number of companies that claim at least some portion of the market, though with different approaches and varying degrees of success.

GTX Corporation (OTCBB: GTXO) claims to be the preeminent leader in Personal Location Services. Their strength in the industry is based on the fact that, unlike many others, they offer embedded, customizable technology. By extreme miniaturization of GPS tracking and cellular location transmitting technology, their platforms can be integrated into almost any retail product, such as footwear and other wearables. Thus their market extends far beyond that of a single product line to embrace almost every potential application of the technology. Deployments currently in progress include exercise monitoring, law enforcement, maritime applications, pet tracking, cellular handsets, automotive/commercial/payload tracking, and a number of others.

There are also several other companies active in the field, though they tend to limit themselves to their own individual line of consumer retail location products.

• Garmin Ltd. (NASDAQ: GRMN) is best known for their navigation products that sell worldwide, but they also have a tracking solution. Aimed towards pinpointing a dog’s position, the product kit includes a handheld GPS device and all-weather collar.
• Trimble Navigation Ltd. (NASDAQ: TRMB) offers a GPS vehicle tracking solution to help businesses more effectively manage mobile workers while increasing productivity, reducing operational costs and safeguarding drivers and vehicles.
• Location Based Technology, Inc. (OTCBB: LBAS) is a development stage technology company focused on their PocketFinder® and PetFinder® line of products for tracking people, pets, and luggage.
• GPS Industries Inc. (OTCBB: GPSN) provides GPS and Wi-Fi software and hardware for applications in golf course operations and residential community development. The company’s Inforemer-HDX® product vividly depicts each hole and provides precise distance measurement, among other features, utilizing GPS technology.

But, when it comes to Personal Location Services, the question becomes where will it end? There’s no easy-to-see boundary. If it helps you to find lost luggage, to keep an eye on your children, to locate a wayward pet, it sounds good. You may have even discovered all the gaming possibilities. But, as units become smaller, privacy issues become bigger, and must inevitably be addressed. The success of companies like GTX can be viewed as a good thing, but, as we’ve seen before, every new technology has a price.

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GTX Corp. (GTXO.OB) Applies Global Positioning Technology to Everyday Life

Tuesday, March 10th, 2009

The Global Positioning System (GPS) is a satellite navigational system that was originally created by the U.S. Department of Defense. A network of eighteen satellites was initially launched into space with six allocated to three different orbital planes. Today, the system has 29 active satellites that create reference points, enabling geographical positions to be calculated within several meters of accuracy.

Business travelers can easily incorporate GTX Corp.’s GPS technology into their lives by incorporating the patent-pending hereIM™ software into a compatible smartphone. The software actually switches the smartphone from a one-way GPS receiver into a two-way receiver and transmitter. By enabling this function, businesses are able to pinpoint the user’s position. hereIM™ also enables navigation and mapping, as well as the ability to receive traffic and weather updates. Installing the GTX software onto a phone can also add an extra level of comfort to family when a loved one travels for a living.

Those who lead an active lifestyle can also easily benefit from the company’s technology. But being on a hiking trail, on the ski slopes, and in rivers can destroy even the hardiest of cell phones. The company’s GTX Wearable Caddy is a buoyant, waterproof, and shockproof device that is built to withstand the rigorous antics of sports enthusiasts. The caddy is made to be as light and unobtrusive as a carabiner, which most athletes use to secure water bottles to bags and backpacks.

GTX has a Personal Location Services (PLS) platform that syncs with its products 24/7. The system is able to provide real-time geographic coordinates on any of its devices, rendering locations on Google Maps via secure Internet connections. GTX continues to develop products that enable everyday people to add an extra level of security and functuality into their lives.

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GTX Corp (GTXO.OB) is “One to Watch”

Thursday, March 5th, 2009

GTX Corp is focused on developing miniaturized GPS tracking and cellular location-transmitting technology platforms for integration into a wide variety of branded licensee consumer products. The company’s patented Personal Location Services (PLS) platforms feature miniaturized, always-on Assisted-GPS tracking and wireless location-reporting technologies that provide continuous real-time coordinates.

Since inception, the company has been dedicated to creating patented GPS/GPRS/GSM technologies and establishing key relationships with licensed, branded partners to bring real-time tracking solutions to an assortment of consumer products. GTX Corp plans to integrate its gpVector™ units in a host of lifestyle products and applications used to track children, those afflicted with Alzheimer’s, outdoor adventurers, military personnel, police, fire, and public safety workers, and nearly any highly valued asset.

According to Frost & Sullivan, the market for personal location services is expected to grow to an $8 billion dollar industry by 2011. GTX Corp has established a pioneering position within the industry by spending more than$3 million in research and development over the past six years, and is poised to grow rapidly as the global demand for GPS devices continues its explosive growth.

The company is led by CEO, Founder and Chairman Mr. Patrick Bertagna who has more than 25 years experience building companies. He began his career importing apparel from Europe and later went on to design and manufacture a full line of clothing, accessories and footwear in over 20 countries, with sales exceeding $27 million. He later began transitioning into the world of software technology and founded Barcode World, Inc., an international supply chain management application company that grew to 450 premier branded accounts.

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GTX Corp. (GTXO.OB) Accelerates Go-To-Market Strategy, Adds Technological Visionary and Former Apple CEO to the Team

Thursday, March 5th, 2009

GTX Corp. announced this week that it is accelerating its “go-to-market” strategy through product expansion and the addition of Dr. Gilbert Amelio of Alteon Capital Partners as a Strategic Advisor.

The number of people subscribing to wireless communication services has been increasing every year. In fact, the number of mobile handsets is projected to surpass four billion in 2011 according to Wireless Intelligence, the GSMA’s market intelligence unit. As this number continues to grow, so will the number of handsets that have GPS and positioning capability.

GTX Corp is implementing an aggressive plan to capitalize on this burgeoning opportunity by leveraging its intellectual property portfolio and product line with state-of-the-art Location Based Solutions. Continuing its strategy of building a team of premier strategic advisors, the company is bringing on Dr. Gilbert Amelio and George Lauro, Managing Partners of Alteon Capital Partners.

Dr. Amelio will advise GTX Corp on advancing in the GPS / PLS space. With the forthcoming launch of LOCi Mobile™ and the expansion of Code Amber News Service (CANS), two of the company’s new properties that leverage the mobile marketplace, Dr. Amelio will help guide the executive team through the process of deploying the new products into the market while continuing to assist the company in increasing its intellectual property portfolio and shareholder value.

“As GTX Corp approaches the tipping point of readiness in consumer adoption, I am enthusiastic about being a part of this next wave of consumer PLS applications. Allowing users to customize and personalize geo-location information opens up a tremendous marketplace,” stated Dr. Amelio. “This expanded capability should make 2-way GPS ubiquitous. GTX Corp’s ability to license a customizable platform will address the healthy and ramping demand for these applications. Now that the company has harnessed this unique technology, I welcome the opportunity to help steer GTX Corp during its passage from an early stage company to a corporation on the global stage.”

“2-way GPS in concurrence with the proliferation of four billion cell phones represents a seismic shift in the marketplace. Subscribers want to receive and interact spontaneously to life’s circumstances,” added Patrick Bertagna, CEO and President of GTX Corp. “As GTX continues to architect its platform we look forward to working with Dr. Gil Amelio who has continuously transformed the technologically complex into widely adopted user friendly formats.”

Dr. Amelio has more than 35 years of experience in cutting-edge technology. He was Chairman and CEO of Apple Computer, Inc., Group President of Rockwell International, Chairman, President, and CEO of National Semiconductor Corporation, and most recently Chairman and CEO of Jazz Technologies. He is also a former Director and Chairman of the Semiconductor Industry Association and since 1996 has been an advisor to the Malaysian Prime Minister and to the Malaysia Multimedia Super Corridor. Dr. Amelio is an IEEE Fellow, has been awarded 16 patents, and received his Ph.D. from the Georgia Institute of Technology. In addition to his role at Alteon Capital Partners and Sienna Ventures, Dr. Amelio sits on the Board of Director of AT&T and is an active member in the venture capital community.

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