Home >> News: March 23rd, 2011 >> Story
Satnews Daily
March 23rd, 2011

GTX Corp... Commerce Calling (Comms)

[SatNews] Proximity marketing will push location based service revenues to nearly $13 billion over the next few years.

GTX Corp (OTCBB: GTXO) and ADAM, Inc. have entered into an exclusive revenue share agreement allowing 123 Chambers of Commerce representing more than 100,000 businesses nationwide to push out proximity alert promotions, using the GTX Corp GPS/PLS Platform and leveraging its growing GPS Tracking Smartphone App user base. Gartner reports that 42 percent of consumers use their phone to check a store location, 31% use it for a mobile promotion, and 17 percent use their phone for the actual purchase. With a soft launch expected as early as next month using ADAM’s flagship product MyChamberApp, the largest mobile app for Chambers of Commerce, the Company will offer daily promotions to LOCiMOBILE®’s growing community enabling users to opt in for special deals that may be right around the corner. ADAM also brings a network of more than 200 regional sales reps dedicated to serving their local chamber members which is on target to reach over 600,000 enterprise members by the end of the year. As ADAM increases its members and GTX Corp its consumer base, the value of this strategic alliance grows exponentially while providing a significant competitive advantage and speed to market.