GTX Corp Delivers 1,500 'Game Changing Internet-Connected Devices' to Aetrex Worldwide as Caregivers Across the U.S. Begin to Monitor Their Loved Ones Wearing Innovative GPS Shoes
LOS ANGELES, Jan. 18, 2012 /PRNewswire/ -- GTX Corp (OTCBB: GTXO), a leader in customizable, patented 2 way GPS Tracking Personal Location Services (PLS) solutions, delivers its second commercial order of 1,500 GPS devices to Aetrex Worldwide, Inc. a global leader in comfort and wellness footwear products. The GTX Corp miniaturized 2 way GPS tracking devices are embedded in the Aetrex Ambulator® collection bringing a reliable, trusted solution for monitoring the location of seniors afflicted with Alzheimer's disease or dementia.
There are over 5.4 million seniors who suffer with Alzheimer's and over 12 million caregivers that devote their lives to them, with millions more expected as the Boomer population ages; however Alzheimer's represents 60%-70% of all cognitive disorders, so in reality there are close to 9 million Americans suffering from impairments, like Autism, that can lead to wandering. The award winning, patented GPS Shoe solution is the world's most ground-breaking product containing GPS tracking technology designed to help monitor and locate individuals who have a tendency to wander and become lost.
Professor Andrew Carle of George Mason University recently discussed this potentially lifesaving technology on the CBS Early Show and said, "These are only U.S. numbers with an estimated 25 million cases of Alzheimer worldwide expected to quadruple to 100 million short of a cure."
With these statistics in mind and the central theme of this years Consumer Electronic Show - "internet - connected consumer devices are game changing…" the Company returned from last weeks largest CES in its 44 year history, with a roadmap to expand its partner alliance to help deliver GPS Shoes to 9 million adults and children in the U.S. with cognitive disorders and millions more across the globe. The Company is developing an aggressive plan to reduce the size of its miniaturized 2 way GPS device, provide a worldwide cellular coverage plan, increase its intellectual property portfolio and add new channel partners domestically and internationally.
For licensing and distribution inquiries please contact GTX Corp at [email protected] and for consumers interested in purchasing the Aetrex GPS Shoes please go to www.aetrex.com/gps
About GTX Corp (GTXO.OB)
GTX Corp (GTXO.OB) 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 141 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 smart phones 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 URLs.
Visit online: www.gtxcorp.com | www.facebook.com/gtxcorp | www.twitter.com/gtxcorp
Product and licensing - [email protected]
Investor Relations - [email protected]
Media - Suzy Ginsburg (713) 721.4774 | [email protected]
To learn more about the GPS Shoes go to: AARP or www.gpsshoe.com
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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
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