Market News

Stock Market Live News Stream

Thursday, May 31, 2018

$GTXO ~ GTX Corp on Capitol Hill advocating for Kevin and Avonte’s Law and seeking new UN Market Opportunities

LOS ANGELES, May 31, 2018 (GLOBE NEWSWIRE) -- GTX Corp (GTXO), an IoT platform and global provider of GPS tracking and monitoring wearable and wandering assistive technology, went to Capitol Hill to meet with congress to discuss Kevin and Avonte’s law. GTX Corp CEO Patrick Bertagna along with Jack Brewer National Spokesperson for NPAL ( National Police Athletic League) Sean Jackson Senior advisor for Government Affairs and Ron Allen VP of NPAL were on Capitol Hill meeting with Rep. Mike Doyle(D-PA), Rep. Chris Smith (R-NJ), Rep. Maxine Waters (D-CA), Sen. Klobuchar (D-MN), Sen. Grassley (R-IA) and Sen. Chuck Schumer (D-NY) to discuss the recently passed Law – S. 2070 which will authorize the appropriation of $2 million annually over the 2018–2022 period for DOJ to make grants to state and local governments and nonprofit organizations for programs to locate missing persons with dementia or developmental disabilities. The grants will facilitate training and emergency protocols for school personnel, supply first responders with additional information and resources, and make local tracking technology available for individuals who may wander.
Patrick Bertagna, GTX Corp CEO, stated, “We have been following this bill since 2014 and are very pleased to see it passed into law and appropriated in the recently approved federal budget. We sincerely thank all the members of congress who worked tirelessly to help move this forward. This law speaks to the heart of our mission statement of providing wearable GPS tracking solutions and wander assistive technology for those prone to wandering due to Alzheimer’s or autism.”
In addition to going to Capitol Hill, GTX Corp attended a U.N. seminar on - Doing Business with the United Nations. Ambassador Nikki Haley U.S. ambassador to the United Nations kicked off the one day event which introduced the UN’s $17.7 billion procurement market to the approximate 150 U.S. companies attending. The event provided information for suppliers who may have already bid on UN tenders but have yet to secure their first contract as well as for companies who need help getting started in the submission process. Attendees heard from several of the largest procurers in the UN system, and had the opportunity to schedule one on one meetings with UN Officials. GTX had the opportunity to introduce its Tagging, Tracking and Locating (TTL) technology to members of the UN and Commerce Department, with follow up calls scheduled in the coming weeks.
GTX Corp is a For-Profit For Purpose Company which manufactures many of its products in the United States, has multiple consumer products in the market place, all available on its online store, Amazon and authorized resellers and distributors across the globe and is a 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 2 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 patented GPS SmartSole® - 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 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 US Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, NGO’s, private companies, public and private senior care homes, and consumers.
Online:                          Track My Workforce | GTX Corp                      
Social media - #withyou   #smartsole   #connectedandprotected   #trackwhatyoulove
General information, investor relations, wholesale licensing, consumer purchase:
GTX Corp United Kingdom
In the UK, GTX Corp operates from its London office. For more information, please contact: Nelson Skip Riddle
Tel: +44 7785 364100
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 SEC Website). 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.