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GTX Corporation (GTXO.OB)

 

Mission Statement

To license and integrate GTX’s patented, two-way, miniaturized GPS satellite tracking and location-transmitting technology into a wide variety of branded consumer products and applications.

 

Corporate Information

Trading Symbol: OTCBB: GTXO

Shares Issued and Outstanding: 38,472,963

Float: 14,000,000

Share Purchase Warrants: 5,908,302

Stock Options : 3,945,000

Total Fully Diluted Shares: 48,326,625

 

Technology

GTX has developed GPS tracking and location-transmitting technology platforms for integration into a wide variety of branded licensee consumer products. The platform consists of miniaturized GPS always-on” tracking and location-reporting module which provides real-time location coordinates on Google Maps, allowing users to simultaneously track the position of devices worn by hundreds of others or attached to an unlimited number of assets. Conventional GPS companies only permit a user to identify his/her location. With GTX, property, people or pets can be tracked in real-time with overlays such as GeoFencing. The technology also permits archiving the history of all motion activity.

 

Intellectual Property

GTX holds one Patent for “GPS Footwear” issued and an additional thirteen pending of which 5 have already progressed sufficiently to possibly be issued this year. In addition as part of our ongoing strategy we plan to file 2 additional patents this quarter. While footwear is our first vertical market, additionally we have successfully integrated our wearable and water-resistant technology into other form factors, and have supported these factors through our patent filings. Additional deployments in progress include maritime applications, pet tracking, cellular handsets, and many others.

 
Management
 
Patrick Bertagna - CEO, Founder and Chairman
Mr. Bertagna is the co-inventor of the patented GPS Footwear technology. His career spans 27+ years in building companies in both technology and consumer branded products. Mr. Bertagna founded Barcode World, Inc. a supply chain software company, enabling accurate tracking of consumer products from design to retail. Within 4 years the company had over 450 premier branded accounts with a staff of 40 plus in the US, Eastern Europe and India.
 
Chris Walsh - Chief Operating Officer
Christopher M. Walsh is widely considered to be one of the premier production, sourcing and operations executives within the footwear and apparel industry. Mr. Walsh began his career with Nike in 1974 and subsequently established and implemented Nike's first manufacturing operation in the Far East. In 1989 he joined Reebok International as Vice President of Production. Mr. Walsh then served as COO with LA Gear, responsible for all R&D, design, manufacturing, sourcing, quality control, distribution and logistics.
 
Murray Williams - Chief Financial Officer
Mr. Williams is a CPA and he began his career in public accounting with KPMG and served as managed a team of over 20 professionals specializing in financial services with an emphasis on public offerings, private financings and mergers/acquisitions. Mr. Williams then became one of the founding members of Buy.Com, Inc., which grew to be the 2nd largest e-commerce company in the world during his tenure. Mr. Williams was responsible for securing over $225 million in private financing and was the primary driver in the initial public offering process that generated proceeds of an additional $192 million.
 
Ron Pellegrini - Senior V.P. - Business Development
Mr. Pellegrini began his career in business development with the Palo Alto Design Group and headed up their business development efforts working with clientele such as Dell, Compaq and Micron, and eventually the company achieved over $100 million in annual revenues. Mr. Pellegrini then formed a contract manufacturing partnership in Korea, designing and building consumer electronic goods ranging from computer accessories to telephone equipment. He then expanded his scope to include early stage medical device development companies and was instrumental in taking Dermisonics, Inc. public in 2004.
 
Jb Bittner Eriksen - Chief Technology Officer
Mr. Bittner Eriksen is our Chief Technology Officer. Mr. Bittner Eriksen brings over 30 years of experience in the development of consumer electronics to GTX Corp. During the past 15 years he has designed products for companies such as Kodak, Philips, Hewlett-Packard, Ricoh, and Sony.
 
Eric Stalnaker - Director, Business Development
Mr. Stalnaker had been involved with GTX Corp in an advisory role prior to joining the organization full-time in early 2006. Eric began his career in the wireless industry more than sixteen years ago as Regional Sales Manager of Paging Network of Los Angeles
 
 
Strategic Partners

GTX’s “always-on” Assisted-GPS tracking capabilities use cellular transmission provided by our wireless carrier partner, AT&T, to deliver real-time geographic coordinates. AT&T operates the country's largest and fastest digital voice and data network. This partnership is very unique as AT&T is very discerning with their partnerships and only aligns themselves with industry elite.

GTX delivers real-time geographic coordinates, rendered on Google Maps, to subscribers via secure internet connections. Google Earth combines the power of Google Search and Google Maps with satellite imagery, maps, terrain and 3D buildings to put the world's geographic information at your fingertips.

Licensee Partners

GTX Corp. has entered into a five-year $25 million agreement with My ATHLETE LLC (www.myathlete.biz) to provide GPS tracking and training technology to athletes, coaches, sponsors and spectators. For the first time, thousands of amateur and professional marathoners and tri-athletes joined by the millions of avid spectators will get an advantage from patented, personal GPS technology and they will be able to determine an athlete’s location, elevation, time and speed.

 

Company website: www.gtxcorp.com

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