LOS ANGELES, July 19, 2018 (GLOBE NEWSWIRE) -- GTX Corp (OTCBB:GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, today announces the hiring of Doost, Inc,. a boutique sales and business development agency bridging the gap between Big Box retailers and technology companies.
Led by a team with extensive technology expertise, Doost understands the challenges technology companies have in bringing their solutions to the retail marketplace. Doost leverages this knowledge, along with its deep relationships within the retail industry and unrivaled access to a global network of resources, to assist tech companies’ scale and bring their products to market.
“We look forward to helping GTX Corp expand its market reach to Big Box retailers while providing strategic opportunities through our corporate brand partners,” stated Aryan Davachi, managing partner.
GTX Corp is best known for its wearable wander assistive GPS Smartsole® product, a GPS tracker embedded in an insole for people that have a tendency to wander, due to Alzheimer’s, dementia and autism. As Bloomberg recently reported, over 45 million Americans will be caring for 117 million seniors by 2020. Recognizing vast potential in the $50-billion senior care market, major retailers like Best Buy (BBY) are making significant investments to sell products and services that enable adults to remotely monitor their aging parents. This is exactly the type of wearable IoMT technology in which GTX Corp specializes.
Patrick Bertagna, GTX Corp CEO, commented, “As the IoT and wearable tech space continues to gain momentum and traction, we are very pleased Doost will help us open, navigate and ultimately place products within the large retail and corporate industries. At GTX Corp we continue to expand our line of tracking and monitoring solutions, and Doost is the first of several new alliances we will be forming in order to expand sales both in the U.S. and across Europe.”
About Doost, Inc.
Doost is a San Jose, California boutique agency with a focus on retail, technology innovation, and the integration between the two. Our deep relationships within the retail industry provide unrivaled access to a global network of expertise and resources. Simultaneously, our sharp focus on technological innovation gives us proprietary access to the best new technologies designed to help retailers remain competitive. Whether you are an existing retailer searching for new ways to stay competitive through technology, a technology company seeking to expand your retail industry reach, or a brand looking for new partnership opportunities, Doost navigates you between these industries with your needs at the forefront. For more information, visit www.DoostInc.com.
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 the Company 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.
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Forward Looking Statements
This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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