GTX Corp Receives New Order for 1,500 GPS Devices From Aetrex Worldwide as GPS Shoes Become Available Online to Consumers

                                   

LOS ANGELES, Nov. 30, 2011 /PRNewswire/ -- GTX Corp (OTCBB: GTXO), a leader in customizable, patented two-way GPS Tracking Personal Location Services (PLS) solutions, received its second commercial order from Aetrex Worldwide, Inc. a global leader in comfort and wellness footwear products. GTX recently shipped 3,000 devices to Aetrex and plans to ship these additional 1,500 units in January of 2012. The GTX Corp miniaturized 2 way GPS tracking devices are embedded in the Aetrex Ambulator® collection bringing a reliable solution for monitoring the location of the 5.3 million seniors in the US afflicted with Alzheimer's disease or dementia. 

The GPS Shoe has captured the imagination of the world. The Company's flagship product has over 20 patents and patents pending, received the Peoples Choice award for most innovative connected device, has been featured on numerous television shows across the globe and now available to consumers in the United States at www.aetrex.com/gps

GTX Corp's international licensing strategy will make available the GPS Shoes to additional countries beginning first quarter of 2012. There are already 4 countries with another 6 in consideration and a goal to have at least 12 countries up and running by year end 2012. For information about becoming an international distributor you can contact [email protected] or go visit www.gpsshoe.com or www.gtxcorp.com

In addition to international expansion, the Company has begun developing prototypes of an even smaller device configuration, for the children's market, which it plans to unveil at the Consumer Electronics Show (CES) on January 11th in Las Vegas.

About GTX Corp (GTXO.OB)

GTX Corp® a leader in enterprise 2-way GPS (Global Positioning System) real-time personal location services (PLS) was founded in 2002 and is based in Los Angeles, California with distributors in Mexico, Australia and Nepal and customers in 135 countries. GTX Corp utilizes the latest in miniaturized, low power consumption technology and offers a robust enterprise GPS and cellular location platform to track in real time the whereabouts of people, pets, and high valued assets. Answering the "where is" question through a licensing business model and providing a complete end-to-end solution of hardware, middleware, apps, connectivity and professional services, letting you know where someone or something is at the touch of a button. GTX Corp also owns and operates LOCiMOBILE, Inc which develops GPS applications for smartphones and tablets, 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 trademarks, copy rights and URL's.

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Safe Harbor Statement

The information made available in this press release contains certain forward-looking statements which reflect GTX Corp.'s current view of future events and financial performance. Wherever used, the words "estimate", "expect", "plan", "anticipate", "believe", "may" and similar expressions identify forward-looking statements. Any such forward-looking statements are subject to risks and uncertainties and the company's future results of operations could differ materially from historical results or current expectations. Some of these risks include, without limitation, the company's ability to execute on its contracts, customers' acceptance of its products, the market acceptance of two-way tracking devices, managing regulatory compliance and/or other factors that may be described in the company's annual report on Form 10-K, quarterly reports on Form 10-Q and/or other filings with the Securities and Exchange Commission. Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results express or implied therein will not be realized.

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.

   

SOURCE GTX Corp