Earlier today, GTX Corp. (OTC: GTXO), a global provider of GPS wearable technology, announced an agreement with Imexpalcom CIA Ltd. that will expand its distribution network into Central and South America. Imexpalcom is headquartered in Quito, Ecuador, and currently supports customers in both Ecuador and Colombia. It plans to expand into other countries in South America – including Peru and Bolivia – later this year.
“We are very excited to be launching this highly innovative product to the Ecuadorian and Colombian markets, finally we found the best solution for our market needs related to personal security,” Joffre Palacios, managing director of Imexpalcom, stated in the news release.
GTX Corp. has already shipped the first commercial order of its innovative GPS SmartSole™ to Imexpalcom, and additional shipments are scheduled to go out in the coming weeks. By pursuing and securing international expansion and partnerships in Latin America, the company is strategically positioning itself to promote considerable financial growth moving forward. GTX Corp.’s growing list of distributors already includes distribution partners across most of Europe.
“As we continue to expand our international business, we are extremely pleased to add Imexpalcom to our growing list of distributors and now with distribution partners across most of Europe, we are starting to focus a little more in Central and South America,” Andrew Duncan, director of business development for GTX Corp., stated in the release.
The company’s patented GPS SmartSole offers the benefits of advanced wearable tracking technology while eliminating the stigma commonly associated with these devices by placing the monitoring solution out of sight in the wearer’s shoe. In recent months, this groundbreaking approach to the needs of individuals with cognitive conditions that cause them to wander has been featured in AARP’s 2015 technology gear guide and in the 2015 New Product & Technology Awards, which recognize the most innovative products for older adults and their families.
Currently, more than 100 million people require oversight due to various forms of memory impairment, and it’s estimated that 60 percent of those individuals will become lost at least once. For people in danger of wandering and becoming lost due to Alzheimer’s disease, dementia, autism or traumatic brain injury, GTX Corp.’s wearable technology products and tracking devices can provide peace of mind and, in many cases, save lives.
For more information, visit www.gtxcorp.com
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