NetworkNewsBreaks – GTX Corp. (GTXO) Launches Strategic Plan to Up-List to the OTCQB Venture Exchange

June 25, 2018 09:08:15

GTX Corp. (OTC: GTXO) this morning announced that it has filed for a reverse split in accordance with its strategic plan to up-list to the OTCQB Venture Exchange and to gain a more attractive share price. The company is currently in final preparations to enact a reverse stock split that will bring the company’s share price above $0.10, making GTXO qualified to up-list from the OTC Pink Marketplace to the OTCQB. The company held a special meeting of its board of directors on June 14, 2018, at which an affirmative vote approved the amendment to the company’s restated certificate of incorporation to effect the reverse stock split at a ratio of one-for-seventy-five shares (1:75). As part of this restructure plan, the company engaged Weinberg & Company, a full-service CPA firm. “This is a long-term plan the company’s board and management have been strategically working on over the past several months in order to make the public side of the business more reflective of the positive milestones and forward progress achieved in recent months, along with positioning the company for the future,” GTX Corp. CEO Patrick Bertagna stated in the news release.

To view the full press release, visit http://nnw.fm/rnK8O

About GTX Corp.

GTX Corp. (GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based products, supported through a proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end solution of hardware, software and connectivity. GTX Corp develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX Corp utilizes the latest in miniaturized, low power consumption GPS, cellular, RF and BLE technology, enabling subscribers to track in real time the whereabouts of people or high-value assets through a complete end to end — customizable transceiver module, wireless connectivity gateway, smart phone apps, middleware, and IoT portal. Headquartered in Los Angeles, California, GTX is known for its game-changing and award-winning patented GPS SmartSole® — think Dr. Scholl’s meets LoJack, the world’s first invisible, wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX Corp’s business model is built around technology innovation and holds over 85 patents, with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a U.S. Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, NGOs, private companies, public and private senior care homes, and consumers. For more information, visit the company’s website at www.GTXCorp.com.

More from NetworkNewsBreaks

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]