Los Angeles, Calif. – April 1, 2010 – LOCiMOBILE, Inc. a wholly owned subsidiary and member of the GTX Corp with you ® (OTCBB: GTXO) family of Products and Services, which provides location based social networking apps for the iPhone® and Android® platforms hit a tipping point this week by taking the number 6 spot on the charts, pushing downloads over 250,000 across 78 countries and showing no signs of slowing down. Average daily downloads have increased to over 3,000 and revenues are up 30% with a higher growing percentage of paid apps and increase in advertising dollars.
In a dynamic and aggressive marketplace of more than 140,000 apps, the GPS Tracking App has maintained a top ten position in the iTunes social networking category and is showing a steady increase in downloads in the Android Marketplace. This along with the apps built in viral component with Facebook and Twitter sharing features, are accelerating the building-out of a multinational franchise of (PLS) personal location service subscriber.
According to market researcher iSuppli Corporation, “by 2020, over 7 billion users will count on wireless networks to provide their primary communication and the supporting wireless social networking value chain will create over $2.5 trillion in new value.”
“Via our innovative roadmap, product extension, speed to market and wide adoption of smartphones, LOCiMOBILE® is positioned to participate in this new value creation landscape,” states
Due to increasing demand, the Company has added 2 more developers to its existing team and is accelerating their developments efforts with plans to release an iPad® version and Blackberry® version this month. The Company anticipates by operating on all 3 dominant mobile platforms (Apple, Android and Blackberry) they will have access to their combined user base of over 100 million by the end of the year.
About GTX Corp with you ®
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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