NetworkNewsBreaks – GTX Corp (GTXOD) Announces FINRA Approval of Reverse Split

GPS technology-focused holding company GTX Corp (OTC: GTXOD) today announced that FINRA has approved and made effective the reverse split filed on June 25. For the next 20 days, the company’s stock will trade under the ticker symbol ‘GTXOD’ before reverting back to ‘GTXO’ after all trading platforms have been updated. “We are very pleased with how quickly this became effective – a tribute to our legal team, CFO and our 10 years of being a fully reporting audited company,” Patrick Bertagna, GTX Corp CEO, stated in the news release. “As part of our comprehensive plan to make the public side of the business more reflective of the Company’s true value, we will begin immediately to prepare for the up-listing to the OTCQB Venture Exchange.”

To view the full press release, visit http://nnw.fm/9A9tX

About GTX Corp

GTX Corp (GTXOD) 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

More from NetworkNewsBreaks

NetworkNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Reports Significant Increase in Transaction Processing Volume NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Submits Application to Uplist to the NASDAQ Capital Market NetworkNewsBreaks – Global Payout, Inc. (GOHE) Subsidiary to Launch Operations in New Retail Merchant Location

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More News From The Market Noise

The Latest: EU official tries to calm Italian budget dispute

Oct 20, 2018

MILAN — The Latest on Italy's spat with the European Union over its budget (all times local): 4:50 p.m. The EU's budget chief says that the European Commission won't interfere with Italy's economic policies and called for disagreements over the draft budget to be resolved in an "intelligent and serene way." Pierre Moscovici said Friday after two-days of meetings in Rome that the ball is in Italy's court now that he has delivered a letter outlining the European Commission's concerns with Italy's planned spike in spending. He said the main concerns revolve around the higher deficit, Italy's debt load and...

Italian markets hit by concerns over budget spat

Oct 20, 2018

MILAN — Italy's financial markets are shaken following the European Union's stinging rebuke of the new populist government's budget bill, which pushes the deficit far beyond previously agreed levels. Italy's government borrowing rose, with the yield on the benchmark 10-year bond on Friday hitting its highest level since 2013. The increase suggests investors are more nervousness about the impending budget showdown with the EU. Despite the strong language in a letter deeming the budget inadmissible, both the Italian premier and economic minister continued to voice optimism that they could win consent by illustrating their plans. The European Commission's letter said...

EU warns Italy on budget but walks a fine line

Oct 20, 2018

BRUSSELS — The European Union handed Italy a stinging letter Thursday warning that the nation's significantly higher deficit targets represented a deviation "unprecedented in the history" of EU budget rules — but still offered reassurances that the bloc was "not an adversary of Italy." The dual message underlines the EU's balancing act as it tries to prod Italy's new populist government back into compliance with EU financial standards without enflaming the anti-Europe rhetoric that is coursing inside Italy. Italy has until Monday to respond to the letter, which is likely to set off a back-and-forth that will go on for...

Cyprus airline Cobalt halts flights amid lack of investment

Oct 20, 2018

NICOSIA, Cyprus — Cyprus-based airline Cobalt Air suspended its operations indefinitely after failing to find new investors to keep it in flight, officials said Thursday. As stranded passengers scrambled to find alternate flights, Cyprus' government said it would compensate Cobalt Air ticketholders who end up with other carriers to get to and from the Mediterranean island. The Cypriot transport ministry said in a statement that passengers would be compensated for one-way, economy class tickets on other carriers up until Oct. 24. Cypriot travel agencies Orthodoxou Travel and Top Kinisis were authorized to book return flights. "We feel the need to...

The Latest: EU voices concerns over Italy's budget deficit

Oct 20, 2018

BRUSSELS — The Latest on Italy's plans to ramp up public spending (all times local): 7:45 p.m. The European Commission has chastised Italy for a spending plan that will raise its deficit to three times that which was previously agreed, calling the deviation "unprecedented in the history" of the EU's stability and growth compact. EU budget chief Pierre Moscovici delivered the letter Thursday to Economic Minister Giovanni Tria in Rome. The letter said a spending increase and a resulting deficit of 2.4 percent of GDP will make it unlikely that Italy will be able to reduce its public debt, now...

Sign up now!