April 30th, 2011
GTX Corp... A Shoe In (GPS)
GTX Corp (OTCBB:GTXO) has signed an agreement with Tracking Central Pty Ltd. who will 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. The agreement calls for 150 days of due diligence and is accompanied with three 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(TM) 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(TM) outside of the US," said Jerry Barbera Head of Business Development at GTX Corp.