I liked the Chart :) & will see if hype meets reality.
gtxcorp.com
gtxcorp.com
gtxcorp.com
sec.gov
During September 2009, we entered into two separate platform test agreements with two new customers. We anticipate that we will generate revenues from these and other current and pending customers during the next twelve months. However, since inception in 2002, we have generated significant losses (as of September 30, 2009, we had an accumulated deficit of approximately $9,002,000), and we currently expect to incur continual losses until sometime in calendar year 2010.
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Using Google Maps API Premier as the basis, the GTX technical team created a 24/7 monitoring portal to track GTX-enabled devices. End users pay a subscription fee for portal access, much like the usage and payment model for cell phones.
Accessible via the internet, mobile phones, PDAs, and other devices using the AT&T Wireless service, the portal provides the whereabouts of users at the current time as
well as a history of the person’s location over the last several months. The real-time location coordinates are rendered on a Google Map. The portal also provides key performance information like speed, bearing, altitude, and battery life. As an added service, GTX’s GeoFence technology can be set up on the portal to deliver proactive alerts via text message or email to a guardian if the user breaches a pre-defined, customizable geographic area. “You could set up GeoFence to alert you if, for instance, your child leaves his elementary school at 11 a.m. – when you know he should be in class,”
GTX signed its first license agreement with MyAthlete LLC www.myathlete.biz/index-4.html to provide professional and amateur athletes, coaches, and event
promoters with a solution worn on a belt that tracks and reports the location,
elevation, time, and speed of runners, bikers, swimmers, kayakers, skiers, and other athletes
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