Los Angeles, California September 20, 2012-GTX
Corp (OTCBB: GTXO) Code Amber AlertagTM,
a GTX Corp business unit, along with LifeSpire,
Inc., continue adding new patients to the Alertag PHR Platform. GTX Corp
recently shipped 1,000 additional Alertags to LifeSpire and renewed 500
residents into their secure medical identification platform.
GTX
Corp partnered with LifeSpire, a nonprofit dedicated to helping the developmentally
disabled. This fortuitous collaboration resulted in the launch of a
LifeSpire-branded Alertag that expedites the treatment of persons in need,
potentially saving their lives. LifeSpire operates residential facilities for
the elderly and disabled in the State of New York with over 5,000
residents and 400 staff. LifeSpire trusts Alertag to store and retrieve critical
medical information.
“It’s
a powerful tool for an individual to carry,” said Mark van Voorst, Chief
Executive Officer of LifeSpire. “If you are unable to speak, are unconscious or
simply confused and lost, the first responder will have near real-time access
to vital health and medical information that could mean the difference between
life and death.”
In
furtherance of its mission, GTX Corp has also developed a seamless interface
between RX providers and patients that automatically updates the Alertag
database whenever a resident's medication changes or a new prescription is
filled. This functionality follows major trends in healthcare data management. As Dr. Michael Swiernik, UCLA Director of Medical Information has recently stated, "A big part of where the
government is going is to try to make the data flow more freely amongst
providers and hospitals so that your data goes with you instead of staying with
the hospital or doctor.”
GTX
Corp is positioning itself at the forefront of this emerging Personal Health
Record (“PHR”) market, which is being bolstered by the Government’s mandate to
modernize data management and shift the ownership of health records back to the
individual. In fact, the Federal Government has recently budgeted $19.2B of
stimulus money to help defray the cost of this modernization.
GTX
Corp has already identified over 60 facilities that operate in a manner similar
to LifeSpire that could benefit from implementing this patent-pending solution.
At an annual subscription cost of less than twenty dollars per individual, the
value proposition of this service is readily evident to these types of
institutions and creates a stream of recurring revenues for the Company.
Similar
to a loyalty card you might receive from a local supermarket, the Alertag
features a QR code that grants immediate access to vital medical history. When
the QR code is scanned by a Smartphone or any electronic device with scanning
capability, a link will open showing the Alertag holder’s general medical
history—including name, address, and emergency points of contact. Larger
providers will also have the ability to add their logos and their contact
information as the emergency contact for many of the individuals they care for.
In addition to medical
facilities utilizing the Alertag system institutionally, individuals suffering
from ADD/ADHD, Alzheimer's, diabetes, anemia, asthma, Autism, dementia, allergies, epileptic seizures, mental
impairment, and many other conditions, will benefit from having an Alertag,
hence the broader appeal and marketability of the Alertag system to the general
consumer.
About GTX Corp (GTXO) - The leader in enterprise 2 way GPS 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 159 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, vehicles 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 applications for smart phones and tablets and
Code Amber Alertag. The Company has an aggressive
intellectual property strategy and owns an extensive portfolio of patents,
patents pending, registered trade marks, copy rights and URL's.
Online: www.gtxcorp.com
- www.facebook.com/gtxcorp - www.twitter.com/gtxcorp
Product
and licensing e mail - info@gtxcorp.com
Public Relations contact
Suzy Ginsburg (713) 721.4774 suzy@gcomworks.com
Investor Relations
ir@gtxcorp.com
About LifeSpire - Founded 60 years ago
and serving over 5,000 people, LifeSpire is committed to the principle that all
individuals with a developmental disability may become contributing members of
their family and community. It is LifeSpire's aim to provide these individuals
with the assistance and support necessary to attain the skills needed to
maintain themselves in their community in the most integrated and independent
manner possible.
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