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GTX Corp Announces Strategic Plan to Up-List to the OTCQB Venture Exchange

GTX Corp (GTXO) announced today it has filed for a reverse split as part of a strategic plan to up-list to the OTCQB Venture Exchange as well as realize a more attractive share price.

GTX Corp (GTXO), a pioneer in the field of wearable GPS human
and asset tracking systems and wandering assistive technology, announced today
it has filed for a reverse split as part of a strategic plan to up-list to the
OTCQB Venture Exchange as well as realize a more attractive share price.
GTXO is in final preparations to enact a reverse stock split that will bring
the Company’s share price above $0.10, making GTXO eligible to up-list from the
OTC Pink Marketplace to the OTCQB.

Patrick Bertagna, GTX Corp
CEO, commented, “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. The Company has experienced an overall solid first
quarter, with double-digit increases or decreases in all the major metrics –
revenues were up, subscribers were up, margins and profits were up, while cost
of operations, professional services, G&A and net losses decreased. GTX
Corp also successfully completed the delivery of its first large-scale military
contract. In addition to these achievements, the Company has also secured a
strategic financial partner that has begun providing funding and will continue
to provide the growth capital needed throughout 2018 and 2019 in order to
support long-term success.”

As part of this restructure
plan, GTX Corp engaged Weinberg & Company, a leading, international,
full-service, multi-office CPA firm serving clients throughout the United
States and the Pacific Rim, and the Company has also engaged NetworkNewsWire
for its corporate communications.

As reported on its Form 8-K,
the Company held a special meeting of its board of directors on June 14, 2018,
at which meeting the board of directors, by an affirmative vote of the majority
of the Company’s outstanding shares of capital stock, 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).

The trading symbol for the
common stock will remain “GTXO.” The new CUSIP number for the common stock
following the reverse stock split will be 362408 205.

The Company is committed to transparency and plans to make several more
announcements over the coming weeks outlining the development of this
comprehensive strategic plan.

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

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