GTX Corp Announces Update on Corporate Strategic Plan
LOS ANGELES, July 12, 2018 (GLOBE NEWSWIRE) -- (OTCBB:GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, announced today FINRA has approved and made effective the reverse split, which was filed on June 25. The trading symbol for the common stock will remain GTXO; however, over the next 20 days it will trade under the ticker symbol GTXOD and then will revert back to GTXO once all the trading platforms have been updated. The Company did, however, get a new CUSIP number: 362408 205.
| Symbol | GTXO | GTXOD |
Patrick Bertagna, GTX Corp CEO, commented, “We are very pleased with how quickly this became effective– a tribute to our legal team, CFO and our 10 years of being a fully reporting audited company. As part of our comprehensive plan to make the public side of the business more reflective of the Company’s true value, we will begin immediately to prepare for the up-listing to the OTCQB Venture Exchange.”
To learn more about GTX Corp’s milestones, future growth strategies, and its portfolio of unique products designed to solve big problems, NetworkNewsWire’s Stuart Smith recently interviewed GTX Corp CEO Patrick Bertagna.The interview can be heard at .
Recently, the Company announced the commercial launch of two new tracking solutions for kids, which sold out in several days, prompting the Company to place its largest order yet with the factory in order to keep up with expected future demand.
GTX Corp is a “for profit for purpose” company that manufactures many of its products in the United States and offers multiple consumer products in the marketplace. All GTX products are available on the Company’s on Amazon, and at authorized resellers and distributors across the globe. GTX Corp is also a proud U.S. military contractor.
GTX Corp (GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based products, supported through a proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end solution of hardware, software and connectivity. GTX Corp develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX Corp utilizes the latest in miniaturized, low-power-consumption GPS, cellular, RF and BLE technology, enabling subscribers to track in real time the whereabouts of people or high-value assets through a complete –end-to-end, customizable transceiver module, wireless connectivity gateway, smart phone apps, middleware and IoT portal. Headquartered in Los Angeles, California, GTX is known for its game-changing and award-winning –think Dr. Scholl’s meets LoJack – the world’s first invisible, wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX Corp’s business model is built around technology innovation, and the Company holds over 85 patents, with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a U.S. military government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, NGOs, private companies, public and private senior care homes, and consumers.
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In the UK, GTX Corp operates from its London office. For more information, please contact: Nelson Skip Riddle
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Disclaimer: 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 unknown to the company.
Forward Looking Statements
This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the ). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
