GTX Corp Reports 250% Increase in Revenue for Third Quarter 2011 with the GPS Shoe Launch, Increased App Users and the Lifespires Code Amber Alertag

LOS ANGELES, Nov. 9, 2011 /PRNewswire/ -- GTX Corp (OTCBB: GTXO), a leader in customizable, 2-way GPS Personal Location Services (PLS) solutions, today announced results for the third quarter of fiscal year 2011, to reflect a 250 % increase in revenue over the same prior year's quarter.

The Company reported a significant increase in revenues while continuing to trend down on expenses with an approximate 23% decrease over the same quarter last year. The revenue increase marks the initial shipment associated with a 4-year contract to supply Aetrex Worldwide, Inc. with GTX Corp's custom miniaturized 2-way PLS solution for the multi-patent award winning GPS Shoe available online this month at www.aetrex.com/gps.

"With the official launch of the GPS Shoe and the highly anticipated update to the Code Amber Alertag, we expect to see continued growth in revenues and customers," stated Patrick Bertagna, CEO of GTX Corp. "In addition, The Company has recently received hundreds of licensing inquiries from all over the world and we expect to begin signing distribution agreements with several new partners by year end or early 2012."

GTX Corp recently partnered with Lifespires to release the latest version of the Code Amber Alertag which will help accelerate the treatment and care of those in need and potentially save hundreds of lives. Lifespires operates residential facilities for the elderly and disabled in New York with 5,000 residents and 400 staff and contractors. Lifespires plans to use the Code Amber Alertag to store and retrieve the medical information of residents and staff. With a direct interface to RX providers, GTX automates the Alertag database whenever a resident's medication changes or is updated.

About GTX Corp

GTX Corp® utilizes the latest in miniaturized, low power consumption technology and offers a robust 2 way GPS and cellular location platform that enables subscribers to track in real time the whereabouts of people, pets, or high valued assets through a complete end to end - customizable GPS/GPRS transceiver module, wireless connectivity gateway, Smartphone Apps, middleware, and viewing portal. For further information please visit:

www.gtxcorp.com | www.facebook.com/gtxcorp | www.twitter.com/gtxcorp | www.gtxo.irnewsroom.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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