GPS TRACKING APP From LOCiMOBILE® Ranked Third Highest Grossing And Seventh Most Downloaded App In iTunes Social Networking Category
Los Angeles, Calif. – April 21, 2010 - GTX Corp (OTCBB: GTXO), a leader in 2-Way GPS personal location services, hits the number three spot on iTunes Top Grossing social networking category. The GPS Tracking App, developed by the wholly owned subsidiary; LOCiMOBILE ® which runs on the iPhone, iPad, Android and coming to Blackberry platforms, crossed over 300,000 downloads in eighty countries, recently ranking number seven in downloads and number 3 top grossing app in the social networking category – a category shared by Facebook, Bebo, Twitter, Aardvark and My Space which have been instrumental in redefining the landscape of social interaction and value creation in the financial markets.
Gartner forecasts, 2013 worldwide downloads in mobile application stores to surpass 21.6 billion and reports consumers will spend $6.2 billion in mobile application stores in 2010. Steve Kanaval, of World Market Media says: “This is a unique space with wind at its back and certainly the app’s market is a niche to watch.”
GTX Corp is gaining traction in the market place, with momentum in their Apps business and recent announcements with Gforce in Nepal and the patented GPS shoe with Aetrex Worldwide, the timing was right to bring on Wall Street veteran, Jason S. Lyons as a Senior Advisor. Mr. Lyons will be assisting GTX Corp navigate through Wall Street as the company continues its expansion. Over the last 20 years, Mr. Lyons has served as an executive with The Bear Stearns Companies, a Senior Vice President at Oppenheimer and Company and an Executive Director with the Canadian Imperial Bank of Commerce.
“In our interactions with Jason we found he has a remarkable rolodex and now we are in a position to utilize this invaluable resource,’’ said Patrick Bertagna, CEO of GTX Corp.
“I’m excited to be assisting this dynamic company. They are moving at a remarkable pace achieving greater results over better funded enterprises and their potential is considerable,” noted
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GTX Corp (GTXO.OB) a leader in embedded 2-way GPS real-time personal location services (PLS) was founded in 2002 and is based in
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