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GTX Corp… Looking Backwards + Forwards (LBS)


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[SatNews] GTX Corp (OTC BB: GTXO), a provider of 2-way GPS tracking personal location services providing technologies, has recapped the Company’s 2010 and issued a forecast for 2011.

2010 Highlights
  • Multiple New Product Introductions and Appreciable Recognition of Leading-edge Technology Platform. 15 new products were launched expanding the Company’s total product offerings by 200 percent. Several of the Company’s location-based social networking (LBSN) mobile applications were included in both the iTunes and Android lists of top Apps for 2010. Significantly Increased Consumer User Base. The GTX worldwide user base crossed 800,000 in over 100 countries, compared with 25,000 users at the end of last year. Driving this increase was the Company’s active participation in many industry conferences, traditional media exposure in numerous television segments and newspaper and magazine articles as well as the Company’s increasing social media visibility.
  • Major New Licensing Agreements. Licensing agreements with Aetrex Worldwide, Inc and MNX Midnight Express were signed, with shipments to MNX commencing in late December and Aetrex initiating production for its first commercial order.
  • New Distributors. Two new International distributors added and contracts with new partners including Samsung and Aeris were signed.
  • Industry Recognition. The GTX Corp With You® brand was recognized as a premiere provider by being honored at the Location & Beyond Summit with the Peoples Choice Award for the Most Innovative Connected Location Device.
  • International Expansion through Localization. The GTX Corp B2B portal and the Code Amber Alertag consumer portal were localized in Spanish for Latin America deployment.
    •  Patrick Bertagna, CEO of GTX Corp, said, “Clearly, 2-way GPS tracking garnered a significant increase in awareness and demand, positioning the Company to capture this exploding market with our robust platform, diverse product line, strong brand recognition, and growing global customer base. As we continue transitioning from a product development stage to full commercialization we are attracting the attention of partners and customers that value the exceptional capabilities of our 2-way GPS tracking platform. With momentum on our side in this emerging $13 billion industry, 2011 looks to be very promising.”