LOS ANGELES, March 21, 2011 (GLOBE NEWSWIRE) -- GTX Corp (OTCBB:GTXO) a leader in 2-way GPS Personal Location Services (PLS) and ADAM, Inc., the nations largest platform for Hyper Local Mobile Apps for Directories, entered into an exclusive revenue share agreement allowing 123 Chambers of Commerce representing over 100,000 businesses nationwide to push out proximity alert promotions, utilizing the GTX Corp GPS/PLS Platform and leveraging its growing GPS Tracking Smartphone App user base.
"It's a perfect partnership of connecting businesses with consumers," says Patrick Bertagna, CEO of GTX Corp. "We provide technology that pushes out content in real time to specific geographical areas through our robust enterprise platform and ADAM brings its relationships with thousands of businesses that want and need to easily and cost effectively, promote products and services to consumers that are nearby."
Proximity marketing will push location based service revenues to nearly $13 billion over the next few years and Gartner reports that 42% of consumers use their phone to check a store location, 31% use it for a mobile promotion, and 17% use their phone for the actual purchase.
With a soft launch expected as early as next month utilizing 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 over 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.
About GTXCorp
(OTCBB:GTXO) a leader in enterprise 2-way GPS personal location services (PLS) was founded in 2002 and is based in Los Angeles, California. With user in 108 countries and distributors in Mexico, Australia and Nepal, known for its game changing and award winning patented GPS Smart Shoe and its block buster smartphone GPS Tracking App which hit number two on the iTunes top grossing chart, the Company continues to pave the way with innovative geo specific and proximity alerting applications that help you know where someone or something is at the touch of a button. Utilizing the latest in miniaturized, low power consumption technology and offers a robust enterprise GPS and cellular location platform to track in real time the whereabouts of people, pets, vehicles and high valued assets. Through a licensing business model the Company provides a complete end to end solution of hardware, middleware, apps, connectivity and professional services. GTX Corp also owns and operates LOCiMOBILE , Inc which develops applications for smartphones and tablets, Code Amber News Service, and Code Amber Alertag. The Company has an aggressive intellectual property strategy and extensive portfolio of patents, patents pending, registered trade marks, copy rights and URL's.
The GTX Corp logo is available at
Online:
About ADAM, Inc.
ADAM, Inc. provides print publications (Yellow Pages, Directories, and maps) a software Platform that enables publishers to move their print content to mobile media quickly and at very low cost. ADAM's software Platform is also used by membership organizations to add marketing power that enhances their relationships with their clients and customers. ADAM, Inc is the developer of MyChamberApp.com, the nation's largest mobile application for chambers of commerce.
GTX Corp does not warrant or represent that the unauthorized use of materials drawn form the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be help responsible or liable for the unauthorized use of this document's content by third parties unknown to the company.
CONTACT: General and licensing information info@gtxcorp.com Investor Relations (213) 489.3019 ext 646 ir@gtxcorp.com Media - Suzy Ginsburg (713) 334.2357 suzy@gcomworks.com