A Leader in Wearable Tracking Devices Looks to the Future
After Providing PPE During the Pandemic, GTX Corp is Getting Back to Business in a Strong Financial Position
May 13, 2021
GTX Corp (OTC: GTXO) has been a leading innovator in wearable GPS and asset tracking for over 15 years. Through recent advances in technology, patents and proprietary technology, GTXO is positioned to be a leader in several segments (elderly care, dementia, Autism, shipping, asset management, etc.) of the sizable and quickly growing Wearable and Track & Trace markets. In 2020, the company was able to expand its customer base by over 1,500 customers by becoming a “go to” partner for these customers for essential Personal Protective Equipment (“PPE”) products and rapid antibody/antigen test kits. Many of these customers represent key segments of the wearables market that is GTXO’s core business. In addition to direct sales, GTX Corp owns and licenses a portfolio of patents (which have generated over $1 million in revenue to date) in the GPS and wearable technology space and are a GSA-approved military and government supplier.
2020 Highlight – When the going gets tough …
Revenue increase by over 20% (excluding one-time gain of $650,000 in 2019)
Market cap increased by over 140%
Stock price appreciated over 50%*
Debt reduced by 35%
Increased Customer base by over 1,500
Granted 4th patent for Wearable Technology
Q1 2021 – Just getting started.
First Quarter Revenue increased by over 138% compared to Q1 2020
Market cap in Q1 increased by over 300% (12/31/20-3/31/21)
Stock price appreciated over 150%* (12/31/20-3/31/21)
Debt reduced by 18% in Q1 2021
Expanded Health and Safety Wearable Technology product line to include direct to consumer hearing products.
Reasons to Watch GTX Corp in 2021
Good Financial Position –GTX was able to reduce the debt on their balance sheet by 35% in 2020. In 2020 they were able to increase product revenue by 109%, ecommerce sales by 875%, and increase B2B and government customers by 46%. Despite a challenging year, they were also able to decrease expenses and operational loss by 22% and 435%, respectively. Q1 2021 saw a 445% increase in product revenue, and a total revenue increase of 138%. GTX Corp continued its debt reduction by eliminating another $165,000 in debt, which at the end of the quarter left approximately $1,800 in variable priced convertible debt.
Good Shareholder Position –GTX was able to increase their shareholder base by over 60% in Q1 2021. Shareholder equity was also increased by over 15% and the stock gained over 150%3in the quarter.
Patented Technologies –In the Q3 of 2020, GTX was granted their fourth patent in the wearable technology space. As the global wearable medical device market is expected to reach $9.4 billion by 2022, GTX Corp is well positioned both in direct to consumer and licensing to capitalize on opportunities with their current IP in this market. The company also began testing and the certification process for its CAT M1 LTE SmartSoles in North America, Europe, and Australia with their cellular partners Verizon, Orange, and Telefonica.
Future Opportunities –GTX recently announced new partnership’s with TulsaLabs and InnerScope that expands their opportunities in Track & Trace for freight and shipping as well as Health and Safety Wearable Technology respectively. They are also ramping up sales (over 200 pre-orders) for their 4G SmartSole devices. Finally, selling PPE continues to be a profitable business that is expanding their customer base.
Experienced Leadership – The GTX management team has proven successful in all their respective areas, and we are doubly impressed with how they handled the pandemic. It takes a stalwart hand to guide a company through the process of building out an entirely new business venture, and the fact that they were able to navigate 2020 while reducing debt is something to take note of.
Making Lemonade Out of Pandemic Lemons
GTX Corp is a pioneer in wearable GPS tracking devices, and we will get to that. But first we have to address how GTX handled the pandemic, because frankly, few other companies were able to roll with the punches and come out on top the way they did.
During the shelter in place orders, many businesses had to shutter or otherwise hunker down and wait for things to get back to normal(ish). GTX took a different path. Before even realizing there was going to be a significant need for face masks and other PPE, GTX decided to pivot. In no time at all, during full lockdown, they established supply, sales, and distribution for PPE and other personal medical necessities. As the pandemic stretched on, the need for rapid antibody/antigen testing became evident, so GTX began providing those as well.
From a GTX press regarding their achievement during these uncertain times;
…(we were able) to build out our PPE business, sold and donated hundreds of thousands of PPE items to a wide range of entities such as essential businesses, assisted living facilities, pharmacies, Fortune 1,000 companies, hospitals, police departments, nonprofits, and local, state, and federal government agencies, and consumers in every State across the U.S. We launched a dedicated website – www.gtxmask.com, which within weeks, saw over a 500% increase in website traffic, and 300% increase in consumer orders, with 40% repeat orders. As a result, GTX is now well positioned as a trusted health & safety supplier for providing a wide variety of high-quality products and reliable customer service, which is contributing to an increase in our brand awareness and product demand.
That old saying, “When life gives you lemons, make lemonade.” is an oft repeated phrase when things are not going your way. Rarely though, do we get to see someone embody it quite the way GTX has been able to, and we’re definitely on board with a company that makes this much lemonade.
GTX Corp’s Bread and Butter
GTX is, at its core, a wearable technology company. Their flagship product, the GPS SmartSole®, is a revolutionary tracking and monitoring device embedded in the sole of a shoe. This device is used to keep tabs on individuals with Alzheimer’s, Autism, brain injuries, and really anyone who’s whereabouts needs to be monitored. GTX utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, NFC and BLE technology to ensure real-time location monitoring, and they are constantly innovating.
On the horizon is the launch of their updated, 4G SmartSoles. Preorder numbers indicate that, although they still are not quite back to pre-pandemic sales, the new devices will ramp up subscription revenues significantly.
GTX Founder and CEO Patrick Bertagna is hopeful, “As we look over the horizon into 2021, we are cautiously optimistic, seeing encouraging signs, hearing from many customers that they are almost fully operational, but the situation remains fluid. One thing is for certain, there is a big desire for innovation and new solutions in the wearable technology healthcare industry post pandemic era.”
GTX Corp to Collaborate with TulsaLabs to Develop Blockchain Authentication and Security for its NFC Supply Chain Tracking Solutions
LOS ANGELES, CALIFORNIA, (GLOBE NEWSWIRE) — GTX Corp (OTC: GTXO) (“GTX” or the “Company”), a pioneer in the field of wearable GPS human and asset tracking systems and a supplier of Health and Safety medical supplies and devices, announces collaboration with TulsaLabs, a division of AppSwarm, Corp. (OTC: SWRM), to develop blockchain solutions around GTX Corp’s Near Field Communication (NFC) technology and GPS human and asset tracking platform.
GTX Corp previously utilized a third-party blockchain provider, which unfortunately is no longer in business, so will now begin working with TulsaLabs to develop and vertically integrate blockchain technology into its track and trace solutions which will become more robust while increasing transparency, security, compliance, provenance, and automated administrative operations using smart contracts.
Where supply chain management has become hyper important in our post pandemic recovery, making sure perishable foods, beverages and pharmaceuticals such as vaccines which require, authentication, chain of custody, temperature control and transparent visibility throughout the supply chain will be managed seamlessly and securely by combining NFC and blockchain technology,” stated Patrick Bertagna GTX Corp CEO.
GTX Corp’s NFCVeritap solutionprovides real-time temperature sensing and data logging across the supply chain necessary with transportation of perishables; food, drinks, pharmaceuticals, and other temperature sensitive products that can be negatively affected by conditions in transit. These built-in security measures can prevent the distribution of contaminated supplies in the marketplace and unauthorized modification of data logs.
By accessing data from an API off current blockchain protocols, or private Hyperledger networks, GTX will be able to provide a secure and safe contactless connection of data about product origin, authentication, and certifications, throughout the entire transportation process. Thus, empowering brands, retailers, distributors, and freight forwarders to verify shipment quality and authentication.
GTX also distributes an extensive line of wearable technology andPersonal Protective Equipment, owns and licenses a portfolio of patents in the GPS and wearable technology space, and is a GSA-approved military and government supplier. The Company’s products are available at its online store,Amazon, and global distribution partners.
Serving Individuals, Communities, and the World
A For Profit For Purpose Company
GTX’s motto is “With You”. Fitting for a wearable GPS company that has products for everyone from Dementia patients to pets. They are, literally, with their customers and have proven through the pandemic that they will continue to be with us no matter how dramatically the world changes. In 2020 they were right there with us, providing much-needed masks and tests to keep us safe. Although no one can predict the future, you can be sure that GTX Corp will be “With You” developing and sourcing products to help us all prosper.
Founder, CEO and Chairman
Patrick Bertagna is a serial entrepreneur, inventor and thought leader in the wearable technology and IoMT industry with 35+ years in creating, building, and selling technology and consumer product companies. Since 2002, Mr. Bertagna has been the founder, Chairman and CEO of GTX Corp, a pioneer in the wearable technology and IoMT industry, and the inventor of over a dozen and co-inventor of over 2 dozen GPS, footwear technology and communication protocol patents currently held in the GTX IP portfolio. Mr. Bertagna has been responsible for overseeing all aspects of GTX Corp from its startup vision to product commercialization, funding to go to market strategies, distribution, M&A, military contract negotiations, IP licensing and taking the Company public in 2008 adding corporate governance of a public entity to his responsibilities.
Director, Vice President, Operations & Finance
Louis Rosenbaum is currently the Chief Operating Officer of GTX Corp. Mr. Rosenbaum started full time with GTX Corp six years ago as the Vice President of Operations & Finance. Mr. Rosenbaum was promoted to COO in October 2019. His current responsibilities include overseeing the financial aspects of the company including accounting, bookkeeping, all digital financial transactions, and working with the CFO. In addition, Mr. Rosenbaum manages Human Resources, Supply Chain Management, and Corporate Governance along with interfacing with all government contracts, registration and billing with the Navy, U.S. Senate, Army, U.S.D.A., Veterans Administration, U.S. Air Force along with other government agencies GTX supports. Mr. Rosenbaum also serves on the Audit Committee and is a Director on the Board. Mr. Rosenbaum works in tandem with the CEO, and consults on daily operations and all phases of planning for the future. Mr. Rosenbaum is a co-founder of Global Trek Xploration and was an initial investor in the company in 2002. Prior to joining GTX, Mr. Rosenbaum successfully started companies in multiple industries (Wearing Apparel, Environmental Services, music industry) achieving annual revenues in the multi million dollars. Mr. Rosenbaum was President of Elements, a women’s wearing apparel company that was showcased in Macy’s, Nordstrom’s, and Neiman Marcus. As President of Advanced Environmental Services, Mr. Rosenbaum managed projects that included waste disposal of hazardous & nonhazardous soils for The Gap Headquarters, the San Francisco land tower of the Bay Bridge, the renovation of the San Francisco International Terminal, Bechtel San Francisco Headquarters and Moscone III Convention Center. Mr. Rosenbaum is a true community leader and has served in multiple civic capacities. Mr. Rosenbaum was the treasure of the Stinson Beach Pre-School (1982-1985) was the co-coordinator for the Stinson BeachVillage Association (1985-1990) an elected member of the Stinson Beach Water District (1990-1994), sat on the Presidio Restoration Board (1997-2000), was a block captain for the Mill Valley Neighborhood Response Team (2004 – 2014), is currently a block captain for the Valley Emergency Response Group (2020 -present) and is the treasurer of the San Geronimo Valley Affordable Housing Association (2020-present) Mr. Rosenbaum raised six children and has four grandchildren.
Director, Secretary, President of Business Development
Andrew Duncan has been working in the consumer electronics, mobile, media content streaming and technology licensing business for over 25 years; living and working in various countries in Europe as well as the U.S. where he currently resides. He has gained extensive experience in all aspects of business development, marketing, IP licensing and digital content distribution. In 2000 he founded Global TechLink, a technology consultancy company, specializing in licensing, business development and management on a local and global basis, including OTT, Digital Streaming and Content, Mobile, LBS and Consumer Electronics. Mr. Duncan currently runs Global TechLink as well as MAGLA Entertainment, a successful Content Distribution company established in 2016 to deliver Movies and TV content to the major Chinese Media companies like China Mobile and Shanghai Media Group. He also serves on the board of GTX Corp, a public company and leader in wearable technology, where he also heads up business development and I.P. management worldwide.
From 2007 to 2010 he was the founder and CEO of ClearPlay International, based in London and Paris where he raised $4 Million and signed worldwide contracts with companies like LG and Samsung for consumer electronics products and other VOD deals for the Middle East market. From 1994 to 2001, Mr. Duncan worked as Vice President Consumer Electronics for Gemstar TV Guide International (now called Rovi). His responsibilities included product development, business management, licensing and marketing a portfolio of multimedia licensed features including the highly successful VCRPlus+ and Electronic Program Guide – TVGuidePlus+. Both technologies are highly successful standards within the home Entertainment industry that still bring in many hundreds of millions of dollars in annual licensing revenue. He worked directly for Mr. Henry Yuen (President and CEO of Gemstar) having been invited by him to join the company from Thomson Multimedia (now Technicolor). Mr. Duncan lived and worked for TMM from1987 to1994 in Germany, France and his native U.K. in various Pan –European marketing and global product development roles. He has a deep experience of business relations and markets in the U.S., Europe and Asia. Mr. Duncan earned his honors degree in Chemistry from Nottingham University and postgraduate qualifications in Marketing and Direct Marketing from London University (Kings College) and UCLA Anderson School of Business in Los Angeles. He has been awarded a number of patents; recently two in the area of wearable GPS and BLE based tracking devices embedded in footwear.
Alex G. McKean
Chief Financial Officer
Alex McKean was appointed as our Chief Financial Officer in 2015, previously he was our Interim Chief Financial Officer since October 2011. He is also the Chief Financial Officer of Encore Brands, Inc., a position he has held since October 2009. Previous to that, he acted as an independent management consultant under his own firm, SGT Enterprises, Inc., as well as an independent contractor with various firms. Before establishing his own firm, during 2004-2007, Mr. McKean was with Parson Consulting working in strategy, financial modeling, SEC filings, process management, and Sarbanes Oxley, for companies such as: Citibank, Arvin Meritor, Ecolab, Key Energy and Allied Building Products, to name a few. Mr. McKean has held positions as a Controller and VP of Finance at 24:7 Film from 2002-2004, VP of Finance at InternetStudios.com from 2000-2002, Director of FP&A/SVP at Franchise Mortgage Acceptance Company from 1998-2000, as Corporate Accounting Manager/Treasurer of Polygram Filmed Entertainment from 1996-1998 and Assistant Treasurer/Controller for State Street Bank from 1989-1996. Mr. McKean holds an International MBA from Thunderbird’s School of Global Management and undergraduate degrees in Business and Political Science and minors in International Affairs and Asian History from Trinity University.
Who are we and what do we do?
We are paid advertisers, also known as stock touts or stock promoters, who disseminate favorable information (the “Information”) about publicly traded companies (the “Profiled Issuers”).
How is the Information published?
We publish the Information on our Website, in newsletters, audio services, live interviews, featured “research” reports, on message boards and in email communications for specific time periods that are agreed upon between us and the Profiled Issuer or third party paying us.
Our publication of the Information is known as a “Campaign”.
Will everyone receive the Information at the same time?
No. The Information may be sent to potential investors at different times that are minutes, hours, days or even weeks apart.
How is a potential investor impacted if he receives the Information later than other investors?
Typically, the trading volume and price of a Profiled Issuer’s securities increases after the Information is provided to the first group of investors. Therefore, the later an investor receives the Information, the more likely it is that he will suffer increased trading losses if he purchases the securities of a Profiled Issuer.
What will happen to the shares that we hold during the Campaign?
We will sell the shares we hold while we tell investors to purchase during the Campaign.
What will happen when the Campaign ends?
Most, if not all, of the Profiled Issuers are penny stocks that are illiquid and whose securities are subject to wide fluctuations in trading price and volume. During the Campaign the trading volume and price of the securities of each Profiled Issuer will likely increase significantly. When the Campaign ends, the volume and price of the Profiled Issuer will likely decrease dramatically. As a result, investors who purchase during the Campaign and hold shares of the Profiled Issuer when the Campaign ends will probably lose most, if not all, of their investment.
Why do we publish only favorable Information?
We only publish favorable information because we are compensated to publish only favorable information.
Why don’t we publish negative Information?
We don’t publish negative information because we are not paid to publish negative information. We are paid to publish only favorable information.
Is the Information complete, accurate, truthful or reliable?
No. The Information is a snapshot that provides only positive information about the Profiled Issuers. The Information consists of only positive content. We do not and will not publish any negative information about the Profiled Issuers; accordingly, investors should consider the Information to be one-sided and not balanced, complete, accurate, truthful or reliable.
What we do not do?
We do not publish negative information about the Profiled Issuers. We do not verify or confirm any portion of the Information. We do not conduct any due diligence, nor do we research any aspect of the Information including the completeness, accuracy, truthfulness or reliability of the Information. We do not review the Profiled Issuers’ financial condition, operations, business model, management or risks involved in the Profiled Issuer’s business or an investment in a Profiled Issuer’s securities.
Where does the Information come from?
The Information is provided to us by the Profiled Issuers and/or the person who hires us. We may also obtain the Information from publicly available sources such as the OTC Markets, Google, NASDAQ, NYSE, the Securities and Exchange Commission’s Edgar database or other available public sources.
If we say we make “stock picks,” are those picks our own?
No, they are not. We are compensated to advertise the securities we are told to advertise.
What will happen if an investor relies on the Information?
If an investor relies on the Information in making an investment decision it is highly probable that the investor will lose most, if not all, of his or her investment. Investors should not rely on the Information to make an investment decision.
Who pays us to publish the Information?
The source of our compensation varies depending upon the particular circumstances of the Campaign. We are compensated by the Profiled Issuers, third party shareholders and other parties related to the Profiled Issuers such as officers and/or directors who will derive a financial or other benefit from an increase in the trading price and/or volume of a Profiled Issuer’s securities.
The nature and amount of compensation we receive for publishing the Information about each Profiled Issuer and our ownership of each Profiled Issuer is set forth below under the heading captioned, “What we are compensated”.
What warranties do we make about the Information?
None. We make no warranty or representation about the Information, including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable and as such, your use of the Information is at your own risk. The Information is provided as is without limitation.
What we are not.
We are not and do not act in the capacity of any of the following; as such, you should not construe our activities as involving any of the following:
An independent adviser or consultant;
A fortune teller;
An investment adviser or an entity engaging in activities that would be deemed to be providing investment advice that requires registration either at the federal or state level;
A broker-dealer or an individual acting in the capacity of a registered representative or broker;
A stock picker;
A securities trading expert;
A securities researcher or analyst;
A financial planner or one who engages in financial planning;
A provider of stock recommendations;
A provider of advice about buy, sell or hold recommendations as to specific securities; or
An agent offering or securities for sale or soliciting their purchase.
Are risks in this disclaimer the only risks investors should be aware of?
No. There are numerous risks associated with each Profiled Issuer and investors should undertake a full review of each Profiled Issuer with the assistance of their financial, legal, and tax advisers prior to purchasing the securities of any Profiled Issuer.
What conflicts of interest do we have in publishing the Information?
We are not objective or independent and have multiple conflicts of interest. The Profiled Issuers and parties hiring us have conflicts of interest.
What will happen to the shares that we hold during the Campaign?
We will sell the shares we hold while we tell investors to purchase.
Our publication of the Information involves actual and material conflicts of interest including but not limited to the following:
We receive monetary and/or securities compensation in exchange for publishing the (favorable) Information about the Profiled Issuers;
We do not publish any negative information whatsoever about the Profiled Issuers;
We may own a Profiled Issuer’s securities that we acquired from the Profiled Issuer, third parties or from our own open market purchases before, during or after the Campaign and we may sell these securities during the Campaign while publishing the (favorable) information that instructs investors to purchase. Our selling of a Profiled Issuer’s securities will likely cause investors to suffer losses;
A short time after we acquire a Profiled Issuer’s securities, we may publish the (favorable) Information about the Profiled Issuer advising others, including you, to purchase; and while doing so, we may sell the Profiled Issuer’s securities we acquired during our public dissemination of the Information causing us to profit while you suffer a loss;
Parties holding a Profiled Issuer’s securities, including those who engage our services and/or compensate us, will sell their shares of the Profiled Issuer while we are publishing the (favorable) Information.
Who is responsible if an investor relies on the Information?
The investor. We are not responsible or liable for any person’s use of the Information or any success or failure that is directly or indirectly related to such person’s use of the Information because we have specifically stated that the information is not reliable and should not be relied upon for any purpose. We are not responsible for omissions or errors in the Information, and we are not responsible for actions taken by any person who relies upon the Information.
What do we urge potential investors to do?
We urge Investors to conduct their own in-depth investigation of the Profiled Issuers with the assistance of their legal, tax and investment advisers. An investor’s review of the Information should include but not be limited to the Profiled Issuer’s financial condition, operations, management, products or services, trends in the industry and risks that may be material to the profiled Issuer’s business and other information he and his advisers deem material to an investment decision. An investor’s review should include, but not be limited to a review of available public sources and information received directly from the Profiled Issuers or from websites such as Google, OTC Markets, NASDAQ, NYSE, www.sec.gov or other available public sources.
Why is this Disclaimer being provided?
We are providing you with this disclaimer because we are publishing advertisements about penny stocks. Because we are paid to disseminate the Information to the public about securities, we are required by the securities laws including Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, and Section 17(b) of the Securities Act of 1933, as amended (the “Securities Act”), to specifically disclose our compensation as well as other important information, This information includes that we may hold, as well as purchase and sell, the securities of a Profiled Issuer before, during and after we publish favorable Information about the Profiled Issuer. We may urge investors to purchase the securities of a Profiled Issuer while we sell our own shares.
The anti-fraud provisions of federal and state securities laws require us to inform you that we may engage in buying and selling of Profiled Issuer’s securities before, during and after the Campaigns.What are other risks that investors should be aware of?
Any investment in the Profiled Issuers involves a high degree of risk and uncertainty. The securities may be subject to extreme volume and price volatility, especially during the Campaigns. Favorable past performance of a Profiled Issuer does not guarantee future results. If you purchase the securities of the Profiled Issuers, you should be prepared to lose your entire investment. Some of the risks involved in purchasing securities of the Profiled Issuers include, but are not limited to the risks stated below.
We do not endorse, independently verify or assert the truthfulness, completeness, accuracy or reliability of the Information. We conduct no due diligence or investigation whatsoever of the Information or the Profiled Issuers and we do not receive any verification from the Profiled Issuer regarding the Information we disseminate.
If we publish any percentage gain of a Profiled Issuer from the previous day close in the Information, it is not and should not be construed as an indication that the future stock price or future operational results will reflect gains or otherwise prove to be advantageous to your investment.
The Information may contain statements asserting that a Profiled Issuer’s stock price has increased over a certain period of time which may reflect an arbitrary period of time, and is not predictive or of any analytical quality; as such, you should not rely upon the (favorable) Information in your analysis of the present or future potential of a Profiled Issuer or its securities.
The Information should not be interpreted in any way, shape, form or manner whatsoever as an indication of the Profiled Issuer’s future stock price or future financial performance.
You may encounter difficulties determining what, if any, portions of the Information are material or non-material, making it all the more imperative that you conduct your own independent investigation of the Profiled Issuer and its securities with the assistance of your legal, tax and financial advisor.
We or other stock promoters may receive free trading shares as compensation or we may acquire such shares in open market transactions before and during the Campaigns, and we may sell the shares we acquire at any time, even during the Campaigns while publishing the Favorable Information. When we sell the shares of the Profiled Issuers that we hold, the price at which investors can sell their shares will dramatically decrease and will likely cause investors to suffer trading losses.
We may sell securities of the Profiled Issuers for less than target prices set forth in the Information, and we may profit by selling our securities during the Campaigns while investors encounter losses.
When we acquire, purchase or sell the securities of the Profiled Issuers, it may (a) cause significant volatility in the Profiled Issuer’s securities; (b) cause temporary but unrealistic increases in volume and price of the Profiled Issuer’s securities; (c) if selling, cause the Profiled Issuer’s stock price to decline dramatically; and (d) permit us to make substantial profits while investors who purchase during the Campaign experience significant losses.
The securities of the Profiled Issuers are high risk, unstable, unpredictable and illiquid which may make it difficult for investors to sell their securities of the Profiled Issuers.
If we are compensated in improperly free trading securities of the Profiled Issuers, either directly or indirectly from persons who claim to be non-affiliates of such Profiled Issuer, we and the Profiled Issuer or third party could be subject to SEC Enforcement Action, including allegations of an illegal distribution in violation of Section 5(a) and 5(c) of the Securities Act.
We may hire third party service providers and stock promoters to electronically disseminate live news regarding the Profiled Issuers, yet we have no control over the content of and do not verify the information that the Profiled Issuers and/or third party service providers publish. These third party service providers are likely compensated for providing positive information about the Issuer and fail to disclose their compensation to you.
If a Profiled Issuer is an SEC reporting company, it could be delinquent (not current) in its periodic reporting obligations (i.e., in its quarterly and annual reports), or if it is an OTC Markets Pink Sheet quoted company, it may be delinquent in its Pink Sheet reporting obligations, which may result in OTC Markets posting a negative legend pertaining to the Profiled Issuer at www.otcmarkets.com, as follows: (i) “Limited Information” for companies with financial reporting problems, economic distress, or that are unwilling to file required reports with the Pink Sheets; (ii) “No Information,” which characterizes companies that are unable or unwilling to provide any disclosure to the public markets, to the SEC or the Pink Sheets; and (iii) “Caveat Emptor,” signifying buyers should be aware that there is a public interest concern associated with a company’s illegal spam campaign, questionable stock promotion, known investigation of a company’s fraudulent activity or its insiders, regulatory suspensions or disruptive corporate actions.
If the Information states that a Profiled Issuer’s securities are consistent with the future economic trends or even if your independent research indicates that, you should be aware that economic trends have their own limitations, including: (a) that economic trends or predictions may be speculative; (b) consumers, producers, investors, borrowers, lenders and government may react in unforeseen ways and be affected by behavioral biases that we are unable to predict; (c) human and social factors may outweigh future economic trends that we state may or will occur; (d) clear cut economic predictions have their limitations in that they do not account for the fundamental uncertainty in economic life, as well as ordinary life; (e) economic trends may be disrupted by sudden jumps, disruptions or other factors that are not accounted for in economic trends analysis; in other words, past or present data predicting future economic trends may become irrelevant in light of new circumstances and situations in which uncertainty becomes reality rather than predicted economic outcome; or (f) if the trend predicted involves a single result, it ignores other scenarios that may be crucial to make a decision in the event of unknown contingencies.
The Information is presented only as a brief snapshot of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities. You should consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.govwww.sec.gov, www.otcmarkets.com or other electronic media, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the OTCMarkets.com; (c) obtaining and reviewing publicly available information contained in commonly known search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.org. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and the OTC Markets and/or have negative legends and designations at otcmarkets.com.
What we were paid to advertise the Profiled Issuers.
The details of our compensation and the period of the Campaign is set forth below.
Name of Issuer & Ticker Symbol - GTX (GTXO)
Amount & Form of Compensation - $70,000 in Common Stock
Who Paid for the Campaign & Position with Company if any - GTX (GTXO)
Period of Campaign - 4/1/2021 - 12/31/2021
What securities of the Profiled Issuers do we hold?
The positions we hold of the Profiled Issuer are set forth below. We plan to sell these securities during the Campaign.
Name of Issuer & Ticker Symbol - GTX (GTXO)
Number of Shares We or our Affiliates Hold - 3,500,000
. To find out more, read our