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Classworx, Inc. (OTC PINK:CHNO) recently published a live Zoom interview with GTX Corp (OTC PINK:GTXO) CEO Patrick Bertagna, discussing the company's progress over the past year and upcoming plans. The interview, held on July 6, 2021, highlights the GPS SmartSole product, a wearable technology aimed at individuals at risk of wandering. Classworx has also completed its name change from Chill N Out Cryotherapy, Inc. and is awaiting regulatory approval. GTX Corp is noted for its innovative GPS tracking solutions with a strong patent portfolio.
Classworx (formerly Chill N Out Cryotherapy, Inc.) announced an upcoming live Zoom interview with Patrick Bertagna, CEO of GTX Corp (OTC PINK:GTXO), scheduled for July 6, 2021, at 1:00 PM EST. The interview will cover GTX Corp's performance over the past year and future outlook. Classworx provides a platform for virtual instructors to host events and earn money via Stripe. The interview is free to attendees, encouraging participation from the community.
GTX Corp (OTC: GTXO) will virtually present at LD Micro Invitational XI on June 8, 2021, at 11:00 AM EST. CEO Patrick Bertagna will discuss advances in wearable GPS technology aimed at sectors like elderly care and asset management. GTX is known for its patented SmartSole, designed for individuals at risk of wandering due to cognitive conditions. The company boasts a robust IP portfolio and operates in over 35 countries, serving a diverse clientele including government and health organizations. This event highlights GTX's commitment to innovation and investor engagement.
GTX Corp (OTC: GTXO) reported a significant financial performance for Q1 2021, with overall revenue increasing by 138% and product sales soaring 445% versus the same quarter in 2020. The company improved cash on hand by 319% and reduced total debt by $165K. Operational losses decreased by 8%, while wages and benefits saw a 21% decline. The firm expanded its customer base by 60% and fulfilled orders for personal protective equipment (PPE) for various government agencies. Subsequent plans include focusing on wearable tech, particularly the launch of new SmartSole products.
GTX Corp (OTC: GTXO) has announced testing of its new Cat M1 LTE SmartSoles in North America, Europe, and Australia, alongside the commencement of regulatory certification processes. The company anticipates starting production soon, with over 200 back orders reflecting a surging demand for their GPS SmartSoles, designed to assist individuals at risk of wandering due to conditions like Alzheimer’s. CEO Patrick Bertagna highlighted a significant increase in inquiries from various sectors, aiming to ensure production readiness amidst global chip shortages.
GTX Corp (OTC: GTXO), a leader in wearable GPS tracking systems, announced a collaboration with TulsaLabs to enhance blockchain solutions integrated with its NFC technology and GPS tracking platform. This strategic move follows the discontinuation of a previous blockchain provider, aiming to improve supply chain transparency and security. The new blockchain integration will facilitate the management of temperature-sensitive products, ensuring proper authentication and custody throughout transportation. GTX also provides a range of wearable technologies and PPE, focusing on global distribution and government contracts.
GTX Corp (OTC: GTXO) reported mixed financial results for 2020. While total revenue decreased by 29% year-over-year, product revenue surged by 109%, primarily due to the expansion into personal protective equipment (PPE). The company reported a dramatic 875% growth in online e-commerce sales and a 46% increase in B2B and government customers. General and administrative expenses dropped by 22%, and the company reduced its debt by 35%. Challenges included a significant decline in IP licensing revenue and lower-than-expected subscriptions due to COVID impacts.
GTX Corp (OTC: GTXO) announced the integration of smart voice assistant technology into its GPS tracking devices, enhancing user experience through natural language processing. This feature enables users to access real-time information about device locations and set alerts via voice commands. The technology supports multiple languages and is linked with GTX's re-engineered 4G LTE GPS SmartSole. Additionally, the company has partnered with AI VentureTech to advance AI and blockchain solutions within its platform, aimed at benefiting both customers and shareholders.
GTX Corp (OTC: GTXO) has initiated the distribution of a new COVID-19 Antigen Rapid Test Kit, providing results in just 10 minutes. This test is approved under the Emergency Use Authorization (EUA) and is designed for the detection of SARS-CoV-2 antigens. CEO Patrick Bertagna emphasized the importance of testing in conjunction with vaccine rollouts, stating the kit is essential for returning to normalcy. Additionally, GTX plans to launch a new 4G LTE GPS SmartSole model this quarter, further expanding its product offerings in health and safety.
GTX Corp (OTCQB: GTXO) has partnered with Nomad Spirits Company to launch Serpiente Ultra-Premium Tequila featuring innovative Veritap NFC technology. The initiative aims to enhance consumer interaction through NFC smart tags embedded in tamper-proof packaging, allowing users to verify authenticity and engage directly with the brand. This technology promotes transparency in the supply chain and enables efficient tracking of temperature-sensitive shipments. CEO Patrick Bertagna emphasized the solution's potential in improving logistics for perishable goods.
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