MNX Nominates GTX Corp to Provide Secure 2-Way GPS Real-Time Tracking of
Medical and Bio-Pharmaceutical Shipments
Global and Domestic Shipping with No Limits - a New Market Sector for GTX Corp
LOS ANGELES, Oct. 27 /PRNewswire-FirstCall/ -- GTX Corp, a leader in embedded
GPS real-time personal location services and MNX a worldwide specialty courier
headquartered in Los Angeles with 27 offices in 8 countries, have entered into
an exclusive product test agreement to develop an industry first, proprietary
GPS enabled transport container. Over the following 2 quarters the Companies
will collaborate on product development, market analysis and global testing.
The business of Life Science, Medical and Pharmaceutical transportation is on
the rise, increasing the need to connect globally outsourced service providers
with medical and clinical research facilities. MNX is making the investment to
become a leader in providing a fast, accurate and trackable chain-of-custody
solution to the sector with a GPS solution empowered by GTX Corp. This market
represents one of MNX's fastest growing sectors and with the implementation of
this new technology, they expect to increase their market share of this
multibillion dollar vertical market.
"With this GPS technology we can address any inquiry about the location and
path of the thousands of shipments we manage for our customers. By enabling
our clients with real time GPS location tracking of their shipments, MNX will
offer a unique layer of service, security, temperature integrity and
reliability," said Scott Cannon MNX CEO -- "This will be a significant
improvement over anything else available in the industry and we are excited
about the opportunity to become a pioneer and work with GTX Corp."
The GTX Corp 2-way GPS platform is already being used to track athletes,
seniors and children, so this was a natural progression for the Company to
formulate a partnership with MNX and enter into the monitoring of high valued
assets such as medical and pharmaceutical shipments. "Introducing our PLS
platform into a 4th vertical market represents a major milestone for the
Company. This partnership leads to the continuing global deployment of our
products, IP and platform licensing," states Patrick Bertagna CEO of GTX Corp.
"By realizing that Scott was continuing to build MNX by investing heavily in
technology to provide better service for their customers provided the common
ground for this initiative. Listening and gaining an understanding of how MNX
worked, allowed us to create an outline to provide a feasible, cost effective
global solution for MNX, utilizing the GTX Corp platform," states Patrick
Aroff an advisor to the Company who over the past 9 months helped cultivate
the partnership with MNX CEO Scott Cannon and GTX Corp.
About GTX:
GTX Corp (OTC Bulletin Board: GTXO) develops 2-way GPS technologies that
seamlessly integrate with enterprise and consumer applications. Embedding
miniaturized tracking and cellular location technology, the Company offers a
GPS location platform that enables real time tracking of people, pets and high
value assets through its customizable transceiver module, wireless
connectivity gateway, middleware, smart phone Apps and viewing portal. Founded
in 2002 and based in Los Angeles, California, the company continues to develop
innovative geo-specific and proximity alerting solutions. The Company has an
extensive portfolio of patents, patents pending, registered trademarks, and
copyrights.
About MNX:
MNX provides critical and security sensitive global transportation and
logistics services to diverse industries including entertainment & media,
aviation, consumer products, financial & government, high tech, life sciences,
medical devices, and 4 PL shipping. Formerly known as Midnite Express, MNX
offers services in three key areas: express, supply chain, and freight.
For more information regarding GTX Corp, please contact:
Ross Silver
Investor Relations
(310) 744-5268
ross.silver@vistap.com
Joel Margulies
Public Relations
(310) 433 0299
jmargulies@gtxcorp.com
For more information regarding MNX, please contact:
MNX
Scott Cannon
CEO
(310) 256-3457
scott.cannon@mnx.com
GTX Corp does not warrant or represent that the unauthorized use of materials
drawn from the content of this document will not infringe rights of third
parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot
be held responsible or liable for the unauthorized use of this document's
content by third parties.
SOURCE GTX Corp
Ross Silver, Investor Relations, +1-310-744-5268, ross.silver@vistap.com, for
GTX Corp; or Joel Margulies, Public Relations of GTX Corp, +1-310-433 0299,
jmargulies@gtxcorp.com; or Scott Cannon, CEO, MNX, +1-310-256-3457,
scott.cannon@mnx.com
