Locimobile Gps People Finder App | Garmin GPS Maps
Win Cool Stuff from LOCiMOBILE.COM locimobile... Personal Location Services on the Move - the pin marks your spot.. Mobile GPS. Mobile GPS technology first became available a few years ago an…
Wednesday, November 18, 2009
Code Amber is a Free Public Service from GTX Corp.
GTX Corp Secures $10 Million Financing Commitment from Institutional Investor
GTX Corp to Receive $10 Million Expansion Capital
Los Angeles, CA (November 18, 2009) — GTX Corp (OTC BB: GTXO, www.gtxcorp.com), a leader in embedded GPS real-time personal location services (PLS), has entered into an agreement with Dutchess Opportunity Fund, II, LP, who will purchase up to $10 million of registered common stock from the Company through an equity line facility.
“The completion of this facility, with an established financing partner such as Dutchess, is a clear indication of optimism returning to the capital markets and provides resources GTX Corp may need to facilitate its business model,” said
In accordance with the terms of the agreement, Dutchess has committed to purchase up to $10,000,000 of the Company’s common stock, which GTX Corp may draw at its sole discretion over thirty-six months according to a pre-negotiated pricing formula.” We believe that GTX Corp’s technology is extremely promising and we are excited to be the financial partner for the next phase of their development,” stated Douglas Leighton, a Dutchess Managing Partner.
Over recent months the Company has secured new patents, new partnerships, development contracts and licenses in multiple vertical markets both domestic and international, with India,
About GTX Corp
Founded in 2002 and based in Los Angeles, California, the company has evolved from its early beginnings of putting a micro GPS device in a shoe- the patented smart shoe www.gpsshoe.com and continues to pave the way with innovative geo specific and proximity alerting applications that help you know where someone or something is at the touch of a button. Committed to being the "better people finder" GTX Corp also owns and operates LOCiMOBILE, Inc www.locimobile.com which develops applications for smart phones and Code Amber News Service, www.codeamber.com which is dedicated to the recovery of missing persons and is the leading US and Canadian syndicator of online Amber Alerts. The Company is committed to a strong intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trade marks, copy rights and URL's. GTX Corp is well positioned to capture the PLS Market through its diverse product platform, licensing model, brand recognition and strategic partners.
About Dutchess Capital
Dutchess Capital is an investment manager which provides creative financing for promising, growth-stage companies. Founded in 2000, funds managed by Dutchess have made over $200 million in direct investments in companies which span a wide array of industries including; Telecom, Wireless Communications, Healthcare, Biotechnology, Healthcare, Internet, e-Commerce, Technology, Media, Oil & Gas, Defense, Homeland Security, Financial Services, Entertainment, Nuclear Sciences, Precious Metals, Manufacturing, Apparel, Textiles, Consumer Products and Alternative Energy.
For almost a decade Dutchess, has been a global leader in CSLoCs and has transacted in excess of $1.4 billion in such financings. The CSLoC is a creative financing structure by which publicly traded companies can raise capital quickly, efficiently and with less dilution than most traditional offerings.
For more information, please visit: www.dutchessopportunity.com
For information regarding GTX Corp:
Ross Silver
Investor Relations
(213) 489.3019 ext 646
Public Relations
(310) 433 0299
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.
All statements included or incorporated by reference in this release, other than statements or characterizations of
historical fact, are forward-looking statements. These forward-looking statements are based on our current
expectations, estimates and projections about our industry and business, management's beliefs and certain
assumptions made by us, all of which are subject to change.
Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans,"
"predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing,"
similar expressions and variations or negatives of these words. These forward-looking statements are not guarantees
of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ
materially and adversely from those expressed in any forward-looking statement.
The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such
forward-looking statements include the continued growth in demand for our products, the continued, and increased
demand for industry standards-based technology, our ability to react to trends and challenges in our business and the
markets in which we operate; our ability to anticipate market needs or develop new or enhanced products to meet
those needs; the adoption rate of our products; our ability to establish and maintain successful relationships with our
OEM partners; our ability to compete in our industry; fluctuations in demand, sales cycles and prices for our products
and services; our ability to protect our intellectual property rights; general political, economic and market conditions
and events; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission.
Wednesday, November 11, 2009
iLOCi2 found my friend in China!
If iLOCi2 can find my friend in Kowloon, China, which is just south of Hong Kong, it can certainly track your kids, friends or loved ones where ever they are!Try iLOCi2 for free at LOCiMOBILE
Tuesday, November 3, 2009
Computer generated images of how missing Madeleine McCann might look today.
She has been missing since May of 2007 and is now six years old.
Tuesday, October 27, 2009
MNX nominates GTX Corp to provide secure 2-way GPS real-time tracking of Medical and Bio-Pharmaceutical Shipments
Global and Domestic Shipping with No Limits - a New Market Sector for GTX Corp
Los Angeles, California October 27, 2009 GTX Corp, a leader in embedded GPS real-time personal location services and MNX a worldwide specialty courier headquartered in Los Angeles with 27 offices in 8 countries, have entered into an exclusive product test agreement to develop an industry first, proprietary GPS enabled transport container. Over the following 2 quarters the Companies will collaborate on product development, market analysis and global testing. The business of Life Science, Medical and Pharmaceutical transportation is on the rise, increasing the need to connect globally outsourced service providers with medical and clinical research facilities. MNX is making the investment to become a leader in providing a fast, accurate and trackable chain-of-custody solution to the sector with a GPS solution empowered by GTX Corp. This market represents one of MNX’s fastest growing sectors and with the implementation of this new technology, they expect to increase their market share of this multibillion dollar vertical market.
“With this GPS technology we can address any inquiry about the location and path of the thousands of shipments we manage for our customers. By enabling our clients with real time GPS location tracking of their shipments, MNX will offer a unique layer of service, security, temperature integrity and reliability” said Scott Cannon MNX CEO — “This will be a significant improvement over anything else available in the industry and we are excited about the opportunity to become a pioneer and work with GTX Corp.”
The GTX Corp 2-way GPS platform is already being used to track athletes, seniors and children, so this was a natural progression for the Company to formulate a partnership with MNX and enter into the monitoring of high valued assets such as medical and pharmaceutical shipments. “Introducing our PLS platform into a 4th vertical market represents a major milestone for the Company. This partnership leads to the continuing global deployment of our products, IP and platform licensing,” states Patrick Bertagna CEO of GTX Corp.
“By realizing that Scott was continuing to build MNX by investing heavily in technology to provide better service for their customers provided the common ground for this initiative. Listening and gaining an understanding of how MNX worked, allowed us to create an outline to provide a feasible, cost effective global solution for MNX, utilizing the GTX Corp platform.” states Patrick Aroff an advisor to the Company who over the past 9 months helped cultivate the partnership with MNX CEO Scott Cannon and GTX Corp.
About GTX:
GTX Corp (GTXO.OB) develops 2-way GPS technologies that seamlessly integrate with enterprise and consumer applications. Embedding miniaturized tracking and cellular location technology, the Company offers a GPS location platform that enables real time tracking of people, pets and high value assets through its customizable transceiver module, wireless connectivity gateway, middleware, smart phone Apps and viewing portal. Founded in 2002 and based in
About MNX:
MNX provides critical and security sensitive global transportation and logistics services to diverse industries including entertainment & media, aviation, consumer products, financial & government, high tech, life sciences, medical devices, and 4 PL shipping. Formerly known as Midnite Express, MNX offers services in three key areas: express, supply chain, and freight.
# # # #
For more information regarding GTX Corp, please contact:
Ross Silver
Investor Relations
(310) 744-5268
Joel Margulies
Public Relations
(310) 433 0299
For more information regarding MNX, please contact:
MNX
Scott Cannon
CEO
(310) 256-3457
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.
Friday, October 23, 2009
EIGHT BILLION MINUTES SPENT ON FACEBOOK DAILY:
EIGHT BILLION MINUTES SPENT ON FACEBOOK DAILY: More than 8 billion minutes are spent on Facebook every day, Facebook executive Mike Schroepfer said in a talk Wednesday at the Web 2.0 Summit here. Some 2 billion pieces of content are shared every week, and 2 billion photos are uploaded each month--1.2 million served per second on a "peak day," he said. Five billion calls to Facebook's application program interface (API) were made on Tuesday. It's huge: Schroepfer, Facebook's vice president of engineering, was focused on talking about the challenges of scaling a social network to the more than 300 million active users it has today. "Is social media a time waster or a new and better way to communicate? We’re in the early stages still; I think well find its the latter, said Maryanne Conlin co-head of Levine Communications Office Social Media Division LCO 2.0.
Saturday, October 17, 2009
Searchers to Comb South Carolina for Missing New York Teen This Weekend - Local News | News Articles | National News | US News - FOXNews.com
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