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GTX Corp Completes Institutional Financing

Financing Positions Company for Growth in a Broad Range of Applications and Vertical Markets

Los Angeles, Calif. – September 26, 2013 – GTX Corp (OTCQB: GTXO), a leading provider of personal location technology and wearable technologies, is pleased to announce the completion of several corporate transactions:

·         Secured $425k in growth financing from an institutional investor

·         Refinanced existing convertible debenture

·         Converted certain accrued employee compensation into equity

·         Engaged Core Strategic Services to augment current team

“We are thrilled to announce this milestone event for all the constituents of GTX, employees, partners and shareholders alike,” commented Patrick Bertagna, CEO of GTX Corp.  “GTX is at a true turning point in its evolution as we move into potential high volume deployments for our technology. As a pioneer in this industry, we have spent significant time and resources on our IP, the development of our technologies and establishing business models relevant to our customers. This financing provides us with the critical resources we need to execute upon several in process application development engagements for our technologies. With the market for wearable GPS tracking technologies across multiple sectors exploding, this infusion of resources comes at the perfect time and allows us to focus solely on execution. To bolster our team resources, we have engaged Core Strategic Services to assist in certain technical, execution and corporate initiatives key to our strategic plan and growth over the next 12 months.”

Core Strategic Services (“CSS”) is a multi-faceted consultancy providing a range of business development, project management, execution services, technical development and corporate planning, and was formed by principals of Core Equity Group LLC. Jeff Hickman, Managing Partner of Core Strategic Services, commented, “GTX is at a unique position in its development in that its core technologies and IP are ready for broad scale deployment. Matching the market’s demand for personal and property tracking solutions with GTX’s decade-long development of technology and IP in the space, GTX has positioned itself in the right place at the right time.  We are excited to roll up our sleeves and get to work alongside their team to accelerate the development of the business as it deploys into multi vertical markets in the wearable technologies industry.”

Mr. Bertagna commented further, “Our commitment to leveraging our first of its kind 2-way GPS technology into relevant end applications across multiple channels has never been stronger. This infusion of capital along with the recently announced strategic partnerships, engagement with Core Strategic and renewed commitment from our internal team as evidenced by their conversion of accrued compensation into equity, has positioned GTX to continue to lead the market for wearable GPS technologies in broad range of applications.”

About GTX Corp (GTXO)

A pioneer in wearable technology and a leader in 2 way GPS real-time personal location based services. Known for its game-changing and award-winning patented GPS Smart Shoe, its block buster Smartphone GPS Tracking App, and GPS SmartSole, GTX offers a robust enterprise GPS and cellular location platform that provides real-time tracking of the whereabouts of people, pets, vehicles 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. GTX let’s you know where or how someone or something is at the touch of a button, GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets 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 URL's.

 

Online: www.gtxcorp.com - www.facebook.com/gtxcorpcom - www.twitter.com/gtxcorp

 

Product and licensing e mail - info@gtxcorp.com or http://www.gtxcorp.com/about/licenseinquiry

 

Investor Relations ir@gtxcorp.com

 

 

GTX Corp does not warrant or represent that the unauthorized use of materials drawn form 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.

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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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