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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

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 …

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  • 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
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Q1 2021 – Just getting started.

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  • 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.
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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%3 in 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 –, 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 NFC Veritap solution provides 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 and Personal 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.




Patrick Bertagna

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.



Louis Rosenbaum

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 Beach​Village 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.



Andrew Duncan

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 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.


Recent Press Releases 

*GTXO 0.0299 -0.0013 -4.20% : GTX Corp – Yahoo Finance



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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, 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, 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; (c) obtaining and reviewing publicly available information contained in commonly known search engines such as Google; and (d) consulting investment guides at and 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 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
  • Price We Paid Per Share - $0
  • Date Issued - 4/12/2021

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