LOCiMOBILE'S ® GPS Tracking Apps for iPhone and Android reach 250,000 downloads in 78 countries increasing revenues by 30% Los Angeles, Calif. – April 1, 2010 – LOCiMOBILE, Inc. a wholly owned subsidiary and member of the GTX Corp with you ® (OTCBB: GTXO) family of Products and Services, which provides location based social networking apps for the iPhone® and Android® platforms hit a tipping point this week by taking the number 6 spot on the charts, pushing downloads over 250,000 across 78 countries and showing no signs of slowing down. Average daily downloads have increased to over 3,000 and revenues are up 30% with a higher growing percentage of paid apps and increase in advertising dollars.
In a dynamic and aggressive marketplace of more than 140,000 apps, the GPS Tracking App has maintained a top ten position in the iTunes social networking category and is showing a steady increase in downloads in the Android Marketplace. This along with the apps built in viral component with Facebook and Twitter sharing features, are accelerating the building-out of a multinational franchise of (PLS) personal location service subscriber.
According to market researcher iSuppli Corporation, “by 2020, over 7 billion users will count on wireless networks to provide their primary communication and the supporting wireless social networking value chain will create over $2.5 trillion in new value.”
“Via our innovative roadmap, product extension, speed to market and wide adoption of smartphones, LOCiMOBILE® is positioned to participate in this new value creation landscape,” states Patrick Bertagna CEO of GTX Corp
Due to increasing demand, the Company has added 2 more developers to its existing team and is accelerating their developments efforts with plans to release an iPad® version and Blackberry® version this month. The Company anticipates by operating on all 3 dominant mobile platforms (Apple, Android and Blackberry) they will have access to their combined user base of over 100 million by the end of the year.
About GTX Corp with you ®
GTX Corp (GTXO.OB) a leader in embedded 2 way GPS real-time personal location services (PLS) was founded in 2002 and is based in Los Angeles, California. Known for its game changing patented micro GPS device in a shoe – the patented smart shoe the Company continues to pave the way with innovative geo specific and proximity alerting applications that help you know where someone or something is at the touch of a button. Committed to being the "better people finder", GTX Corp owns and operates LOCiMOBILE, Inc. which develops LBSN applications for smart phones, Code Amber News Service, and Code Amber Alertag. The Company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trade marks, copy rights and website properties. GTX Corp is well positioned to capture the PLS Market through its diverse product platform, licensing model, brand recognition, traction in the market and strategic partners.
For information regarding GTX Corp: www.gtxcorp.com please contact
Ross Silver
Investor Relations
(213) 489.3019 ext 646
ir@gtxcorp.com
Joel Margulies
Public Relations
(310) 433 0299
jmargulies@gtxcorp.com
GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held
responsible or liable for the unauthorized use of this document’s content by third parties.
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LOCiMOBILE LAUNCHES GPS TRACKING FOR iPAD
Wednesday, April 21, 2010
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Thursday, April 1, 2010
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Read the SGI Report. Click here.
See What Others Are Saying About Our GPS Tracking Apps
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