Tuesday, July 20, 2010

Global Wireless Subscriptions Surpass 5 Billion: GTX Corp (GTXO.OB) $0.14 6M (MarketCap)


Wireless consumers reached an impressive benchmark last Thursday, with the number of wireless subscriptions surpassing 5 billion globally. After taking into account individuals with multiple devices, the number, up from just 720 million in 2000, suggests that just under 5 billion people of the world's 6.9 billion are connected wirelessly. A recent report from Ericsson predicts that at the current rate of 2 million additional subscriptions per day we will see 50 billion connected devices by 2020

On the heels of passing 500,000 downloads, GTX Corp (OTCBB: GTXO.OB) unit LOCiMOBILE, Inc. is poised to launch a new series of GPS Tracking “apps” and web-based location services that solidify the company’s leadership position in the location-based social networking market. Starting July 15th, users can download the full-featured BlackBerry® version of LOCiMOBILE’s new “Tracking” app, and subscribe to a web-based service that enables Android® and GPS-enabled BlackBerry users to be tracked from any laptop or desktop computer. The new GPS tracking apps and community portal website offer cross-platform, real-time live tracking of friends and family, kids and co-workers.

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