In a recent news release, GTX Corp. (OTC: GTXO) announced its hiring of Maxim Group LLC, a leading full-service investment banking, securities and wealth management firm, to provide strategic advisory services for the company’s corporate initiatives in 2016. GTXO’s primary goals for the coming months include expanding its global distribution network in Latin America and Asia, ramping up retail channel partners in the U.S., enhancing insurance and subsidized reimbursements, making additional inroads into the autistic community, expanding its IP portfolio, launching innovative new tracking products, exploring cutting-edge robotic technologies and further deploying all three of its current product categories in an effort to grow its subscriber base.
“2015 was a transformative year, we launched three products and added distributors and end users across the globe,” Patrick Bertagna, chief executive officer of GTX Corp., stated in the news release. “After extensive meetings with the Maxim team discussing corporate initiatives for 2016, we felt the timing was right to retain the firm and advance with the roadmap now in place.”
In recent months, GTXO has leveraged the marketability of its flagship product, GPS SmartSole, to garner considerable media and industry attention. In September, the company was featured alongside tech giants Microsoft (NASDAQ: MSFT) and Samsung (OTC: SSNLF) when it claimed second place in the Wearables, Health, Fitness and Wellness category at the 2015 CTIA ‘Hot for the Holidays’ Super Mobility Awards in Las Vegas, Nevada. Two months later, GTXO’s GPS SmartSole was featured in a special report by AARP focusing on gadgets that can make life easier for caregivers.
Currently, more than 100 million people require oversight due to various forms of memory impairment resulting from Alzheimer’s, dementia, autism and traumatic brain injury. GTXO’s GPS SmartSole is specially designed to improve the lives of these individuals by offering discreet, convenient tracking services that give caregivers additional peace of mind. According to the 2013 World Alzheimer’s Report, approximately 60 percent of individuals living with Alzheimer’s will become lost at least once, and 70 percent of those people will become lost three or more times. In these cases, the GPS SmartSole can be a literal lifesaver.
With a growing presence in the burgeoning wearables market (which is set to hit $4.5 billion by 2020), GTXO is in a favorable position to promote sustainable growth in 2016. Look for the company to build on its strong performance and promote maximized shareholder value in the months to come by leveraging its marketable IP portfolio and the considerable financial expertise presented by its newly-announced partnership with Maxim Group.
For more information, visit www.gtxcorp.com
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