GlobeNewswire
2011-04-28
Aiding Seniors Suffering With Dementia and Alzheimer's
LOS ANGELES, April 28, 2011 (GLOBE NEWSWIRE) -- GTX Corp (OTCBB:GTXO),
a leader in two-way GPS Personal Location Services (PLS) solutions
signed an agreement with Tracking Central Pty Ltd., to acquire the
exclusive licensing rights of GTX Corp's enterprise GPS Tracking
platform which will support the award winning GPS Smart Shoe(TM)
licensed by Aetrex Worldwide.
"We are excited for the opportunity to have exclusive rights to this
very much needed product," said Claude Raiola, Director of Tracking
Central. "We were searching for a cutting edge monitoring service for
our CareTraker and Pawtracker device and have found it with the robust
GTX Corp platform."
The agreement calls for 150 days of due diligence and is accompanied
with 3 staged payments. Upon successful completion Tracking Central
will have exclusive monitoring rights in Australia and New Zealand and
will be able to support the Aetrex(R) GPS Smart Shoe(TM) designed for
seniors suffering from dementia and Alzheimer's.
"As we continue to expand our international footprint this is a direct
result of our global initiative to grow our channels of distribution
while building out our community to launch the GPS Smart Shoe(TM)
outside of the US," said Jerry Barbera Head of Business Development at
GTX Corp.
The impact of Alzheimer's: The World Alzheimer global study looks at
levels of mortality, disability, strain on careers and dependency. The
report includes estimates of the number of people with dementia in each
world region and provides the most comprehensive global picture yet of
the economic impact of Alzheimer's disease and dementia. Nearly 10
million caregivers, mostly family members, spend $148 billion dollars a
year for the care of their loved ones.
About GTX Corp:
GTX Corp (OTCBB:GTXO) a leader in enterprise 2-way GPS personal
location services (PLS) was founded in 2002 and is based in Los
Angeles, California. With users in 110 countries and distributors in
Mexico, Australia and Nepal, known for its game changing and award
winning patented GPS Smart Shoe and its block buster smartphone GPS
Tracking App which hit number two on the iTunes top grossing chart, the
Company continues to pave the way with innovative geo specific and
proximity marketing applications that help you know where someone or
something is at the touch of a button. Utilizing 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, vehicles and high valued assets. Through a
licensing business model the Company provides a complete end to end
solution of hardware, middleware, apps, connectivity and professional
services.GTX Corp also owns and operates LOCiMOBILE, Inc which develops
applications for smartphones and tablets,CodeAmberNewsService, and
CodeAmberAlertag. The Company has an aggressive intellectual property
strategy and extensive portfolio of patents, patents pending,
registered trademarks, copyrights and URL's.
Online: www.gtxcorp.com |www.facebook.com/gtxcorp
|www.twitter.com/gtxcorp
About Tracking Central Pty Ltd:
Tracking Central Pty Ltd specializes in the latest personal location
devices, including the CareTracker, PawTracker and live CareTracker
Monitoring Service. The company was founded in 2009 and is based in
Brisbane, Queensland, Australia.
About GLX - The Global Listing Exchange:
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advertising, conference and event coordination, digital IR/PR,
journalism, market intelligence, media/marketing, news dissemination,
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Contact: editor@glxinc.com | www.glxinc.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 unknown to
the company.
CONTACT: General and licensing information
info@gtxcorp.com
Investor Relations
(213) 489.3019 ext 646
ir@gtxcorp.com
Media - Suzy Ginsburg
(713) 334.2357
suzy@gcomworks.com