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.
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