Aiding seniors suffering with dementia and Alzheimer’s
Los Angeles, Calif. – April 28, 2011 – GTX Corp (OTCBB: GTXO), a leader in two-way GPS Personal Location Services (PLS) solutions signed an agreement with Tracking Central Pty Ltd, to acquire the exclusive licensing rights of GTX Corp’s enterprise GPS Tracking platform which will support the award winning GPS Smart Shoe™ licensed by Aetrex Worldwide.
“We are excited for the opportunity to have exclusive rights to this very much needed product,” said Claude Raiola, Director of Tracking Central. “We were searching for a cutting edge monitoring service for our CareTraker and Pawtracker device and have found it with the robust GTX Corp platform.”
The agreement calls for 150 days of due diligence and is accompanied with 3 staged payments. Upon successful completion Tracking Central will have exclusive monitoring rights in Australia and New Zealand and will be able to support the Aetrex® GPS Smart Shoe™ designed for seniors suffering from dementia and Alzheimer’s.
“As we continue to expand our international footprint this is a direct result of our global initiative to grow our channels of distribution while building out our community to launch the GPS Smart Shoe™ outside of the US,” said Jerry Barbera Head of Business Development at GTX Corp.
The impact of Alzheimer’s: The World Alzheimer global study looks at levels of mortality, disability, strain on careers and dependency. The report includes estimates of the number of people with dementia in each world region and provides the most comprehensive global picture yet of the economic impact of Alzheimer's disease and dementia. Nearly 10 million caregivers, mostly family members, spend $148 billion dollars a year for the care of their loved ones.
About GTX Corp (GTXO.OB) a leader in enterprise 2-way GPS personal location services (PLS) was founded in 2002 and is based in Los Angeles, California. Known for its game changing and award winning patented GPS Smart Shoe and its block buster smartphone GPS Tracking App, the Company continues to pave the way with innovative geo specific and proximity marketing applications that help you know where someone or something is at the touch of a button. Utilizing 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. Through a licensing business model the Company provides a complete end-to-end solution of hardware, middleware, apps, connectivity and professional services. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smartphones and tablets, Code Amber News Service, and Code Amber Alertag. The Company has an aggressive intellectual property strategy and extensive portfolio of patents, patents pending, registered trademarks, copyrights and URL's.
About Tracking Central Pty Ltd specializes in the latest personal location devices, including the CareTracker, PawTracker and live CareTracker Monitoring Service. The company was founded in 2009 and is based in Brisbane, Queensland, Australia.
General and licensing information - info@gtxcorp.com
Investor Relations (213) 489.3019 ext 646 - ir@gtxcorp.com
Media - Suzy Ginsburg (713) 334.2357 - suzy@gcomworks.com
Tracking Central Pty Ltd information - info@TrackingCentral.com.au www.trackingcentral.com.au
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 unknown to the company.
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