Validation of 2-Way GPS Marketplace Shifts Demand From Technology to Customizable Applications Addressing That Demand, Technological Visionary and Former Apple CEO Joins GTX Corp in Its Commercialization Strategy GTX Corp (OTC.BB: GTXO), a leader in customizable 2-Way Global Positioning Systems (GPS) / Position Location Systems (PLS) applications, accelerates its "go-to-market" strategy through its product expansion and the addition of Dr. Gilbert Amelio of Alteon Capital Partners as a Strategic Advisor.
Wireless subscriber adoption is building year after year and is estimated to exceed four billion mobile handsets globally in 2011 according to Wireless Intelligence, the GSMA's market intelligence unit. An increasing number will have GPS and positioning capability. GTX Corp is implementing an accelerated plan to address this burgeoning opportunity by leveraging its intellectual property portfolio and product line with leading edge Location Based Solutions. Continuing its strategy of building its team of premier strategic advisors, GTX Corp is bringing on Dr. Gilbert Amelio and George Lauro, Managing Partners of Alteon Capital Partners. Alteon provides financing, corporate development, transformation/repositioning and value recovery services for companies commercializing leading-edge technologies.
Dr. Amelio will advise GTX Corp on advancing the company in the GPS / PLS space. With the approaching 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 provide guidance to the executive team through its deployment 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," said 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," said 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's vision and experience spans over 35 years in high 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. Dr. Amelio is 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. He is an IEEE Fellow, has been awarded 16 patents, and received his Ph.D. from the Georgia Institute of Technology. He is the co-author of three books, An American Imperative (1993), Profit from Experience (1995) and On the Firing Line: My 500 Days at Apple (1998), the latter two of which were best sellers. 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.
About GTX Corp
Committed to pioneering, creating and delivering customized personal location solutions empowering the global community, GTX Corp develops miniaturized Global Positioning Satellite (GPS) tracking and location-transmitting technology for integration into branded licensee consumer products. The company's Personal Location Services (PLS) platform consists of a location-reporting module that utilizes GTX Corp's "always-on" Assisted-GPS tracking capabilities. At the convergence of technology, media and telecommunications the gpVector(TM) system uses cellular transmission provided by our wireless carrier partner, AT&T, to deliver real-time geographic coordinates, rendered on Google Maps, to subscribers via secure internet connections. The company is headquartered in Los Angeles, California, with an R&D facility in Palo Alto California. www.gtxcorp.com
About Alteon Capital
Alteon Capital Partners provides financing, corporate development, transformation/repositioning and value recovery services for companies commercializing leading-edge technologies. We are a team of highly experienced Tech Industry executives, investors and entrepreneurs bringing years of operating, senior executive and Board-level experience. Partners Gil Amelio and George Lauro have been senior executives in firms ranging from deep-technology startups to Fortune 500 companies and venture capital firms. Alteon provides strategic and financial assistance to help technology companies accelerate growth and commercial success. We work with companies through all phases of evolution, from initial formation through growth and to exit. www.alteoncapital.com
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Press and News
Thursday, September 26, 2013 GTX Corp Completes Institutional Financing
Thursday, September 26, 2013 GTX Corp Completes Institutional Financing
Thursday, September 26, 2013 GTX Corp Completes Institutional Financing
Tuesday, September 10, 2013 LOCiMOBILE Expands Distribution with Android Launch for Track My Work Force and GPS Shoe Apps
Thursday, April 18, 2013 GTX CORP ANNOUNCES SPONSORSHIP OF EXCLUSIVE NFL DRAFT EVENTS HOSTED BY BREWER SPORTS INTERNATIONAL
Tuesday, February 19, 2013 LOCiMobile Launches New Enterprise Work Force Tracking App: "TMWF"
Thursday, October 11, 2012 Aetrex Navistar™ GPS SHOES for tracking Alzheimer’s sufferers now available in the UK and Ireland
Tuesday, May 8, 2012 GPS Technology Enhances Quality of Life for Autism due to wandering and safety issues
Monday, March 19, 2012 Patrick Bertagna, CEO of GTX Corp, to Present at Undiscovered Equities Winter Conference & the Next Generation LBS Conference
Wednesday, November 9, 2011 GTX Corp Reports 250% Increase in Revenue for Third Quarter 2011 with the GPS Shoe Launch, Increased App Users and the Lifespire Code Amber Alertag
Wednesday, September 21, 2011 GTX Corp Ships First 3,000 GPS Shoe Devices to Footwear Partner Aetrex Worldwide, Inc.
Monday, September 19, 2011 Interview with Patrick Bertagna, CEO, GTX Corp
Thursday, August 18, 2011 GTX Corp Launches an IR-Newsroom Investor Portal at gtxo.irnewsroom.com
Thursday, June 30, 2011 GTX Corp Announces LOCiMOBILE GPS Tracking Apps Cross over 1 Million users in 116 COUNTRIES
Monday, March 21, 2011 GTX Corp Expands into Emerging Proximity Marketing Business with Adam, Inc to Deliver Real Time Daily Promotions from over 100,000 Chamber of Commerce Businesses to 1 Million LOCiMOBILE® users
Wednesday, March 2, 2011 GTX's GPS tracking apps for iPhone
Tuesday, March 1, 2011 GPS Tracking Lite, Free GPS Tracking for iPhone & Android
Monday, November 15, 2010 750,000 USERS in 100 COUNTRIES
Tuesday, September 28, 2010 With 675,000 Downloads in 91 Countries GPS Tracking Apps Leader GTX Corp Launches 3 New GPS and LBS Apps
Tuesday, August 17, 2010 Samsung and GTX Corp Sign Definitive Agreement to Deliver GPS Tracking Apps to 40 Million NEW Phones
Wednesday, July 7, 2010 HALF A MILLION DOWNLOADS AND GROWING GPS TRACKING APPS LEADER LOCiMOBILE® LAUNCHES NEW APP AND COMMUNITY PORTAL FOR EXPANDING MARKET
Tuesday, June 8, 2010 GTX CORP AND MNX SIGN THREE-YEAR EXCLUSIVE CONTRACT TO PROVIDE GPS TRACKING FOR CRITICAL MEDICAL AND BIO-PHARMACEUTICAL SHIPMENTS
Tuesday, May 25, 2010 LOCiMOBILE LAUNCHES GPS TRACKING FOR iPAD
Wednesday, April 21, 2010 AMIDST NEWS OF ITS GPS TRACKING APP SUCCESS, GTX CORP ADDS ADVISOR - WALL STREET VETERAN JASON S LYONS
Thursday, April 1, 2010 LOCiMOBILE'S ® GPS Tracking Apps for iPhone and Android reach 250,000 downloads in 78 countries increasing revenues by 30%
Friday, March 5, 2010 Knowing who and where
Thursday, February 11, 2010 LOCiMOBILE®, a leader in mobile social networking GPS Tracking Apps exceeds 100,000 downloads and plans to release Facebook and Twitter integration.
Wednesday, January 27, 2010 GTX Corp and its subsidiaries unveil State of the Union and 2010 Roadmap
Wednesday, January 20, 2010 Fifty-thousand downloads, top 25 on iTunes and over 100% download increase week over week. iPhone and Android users asked; "where are you" and by downloading the LOCiMobile® GPS TRACKING App, instantly got the "here I am" answer.
Friday, January 15, 2010 Haiti: an inconceivable catastrophe has exposed the narrow crack in the Earth's social crust between despair and hope.
Wednesday, January 6, 2010 LOCiMobile®, a leader in tracking people with GPS smartphone applications, kicks off the new decade with its newest App GPS Tracking on the Android platform
Monday, December 28, 2009 New GPS Tracking App by LOCiMOBILE hits over 15,000 Downloads and makes iTunes Top 25 List in first 2 weeks!
Tuesday, December 22, 2009 LOCiMobile launches new personal GPS tracking app: "GPS Tracking"
Tuesday, December 15, 2009 Code Amber Alertag launches worldwide secure digital ID tag and service providing emergency access to essential personal information for children, elderly, field workers and pets
Monday, November 30, 2009 GTX Corp signs licensing agreement for Code Amber, a wholly owned subsidiary, to launch new patent pending digital ID tag and service
Tuesday, September 8, 2009 Code Amber News Service Launches Code Mobile Missing Person's Alert App and Service for the iPhone®, BlackBerry® and Google Android® Phones
Tuesday, September 1, 2009 LOCiMOBILE, Inc. Launches Its New iLOCi2(TM) iPhone App International Version 1.2 -- Initially Localized in French and Spanish, With Plans to Add More Languages -- The App Is Now Available at All 60 International iTunes App Stores
Friday, July 31, 2009 Keep Track of your Kids this Summer
Thursday, July 23, 2009 Unique New App Maps Friends, Children and Co-Workers in Real Time, Privately and at the Push of a Button
Wednesday, May 20, 2009 GTX Corp Combines 2-Way GPS, Proximity Alerting and Apple Inc's 3.0 OS Delivering Social Location Awareness at the Touch of a Button
Thursday, April 30, 2009 GTX Corp Launches Personal Location Services (PLS) iPhone Application LOCiMe
Tuesday, March 3, 2009 Validation of 2-Way GPS Marketplace Shifts Demand From Technology to Customizable Applications
Monday, May 25, 2009 Read the SGI Report. Click here.
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