Los Angeles, CA – January 18, 2012– 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.
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To learn more about the GPS Shoes go to: or www.gpsshoe.comSafe 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.
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