GTX Corp (OTCBB: GTXO) $6M (MarketCap)

GTX Corp (OTCBB: GTXO) develops miniaturized GPS tracking and cellular location-transmitting technology platforms for integration into a wide variety of branded licensee consumer products. As stated by GTX, “we don’t make consumer products- we make them trackable”. GTX currently conducts operations through three wholly-owned subsidiaries that operate in related sectors of the personal location-based market, specialized in the monitoring and recovery of missing people, pets, and high valued assets. These subsidiaries include GTX California, LOCiMOBILE, Inc., and Code Amber News Service. They are focusing on a variety of end-user products including personal monitoring, integrated logistics management, vehicle tracking, the GPS Shoe, and smart phone Apps.

LOCiMOBILE, Inc. has been developed by GTX and is selling applications for GPS enabled handsets that enable authorized users to locate and track the movement of the holder of the handset. The company has launched 4 Apps on iTunes and has a road map to launch several more by the end of the year in a series of geo-specific applications that transforms iPhones into a GPS transceivers. LOCi is a mobile download application that transforms your iPhone into a real-time personal location transceiver, letting friends, and loved ones know; where you are, where you have been, how fast you are moving and a bread-crumb trail pointing out the direction you are heading. GPS Tracking Apps for iPhone and Android platforms now exceeds 350,000 downloads in 81 countries. The annual value of the LOCiMOBILE GPS applications is $36.00 per user. With hundreds of thousands of users paying $36 per year, LOCiMOBILE has already seen increased revenues with positive cash flows at 70% profit margins. Gartner forecasts that 2013 worldwide downloads in mobile application stores will surpass 21.6 million and reports consumers will spend $6.2 billion in mobile application stores in 2010.