GTX Corp (GTXO.OB) owns and operates three subsidiaries. Each business unit is engaged in the global GPS Personal Location Services business. Global Trek provides GPS location aware solutions for seniors with dementia, athletic telemetry and monitoring high value assets in transit through licenses of its patented device and portal technologies. LOCiMOBILE is in the emerging multi-billion dollar smartphone apps business. Its GPS TRACKING App for the iPhone and Android platforms has over 450,000 downloads in 83 countries. GPS TRACKING ranks as the second highest grosser of all iTunes apps. Code Amberand Alertagprovide for the secure online access to personal electronic medical records – should an emergency arise – and the digital identification of missing persons. GTXO subsidiaries have a scalable pipeline of products, services and revenue streams supported by an extensive intellectual property portfolio. Debt free with a very low burn-rate, the 42 million outstanding shares may offer the informed investor an interesting participation opportunity as the suite of the company’s technologies has created a host new social and economic paradigms.
Nokia Expands Equity Investment in Mobile, LBS
Nokia Growth Partners will now establish direct operations in India and China and augment investment activity in the United States and Europe, according to Nokia. In addition to its direct investment activities, Nokia Growth Partners will advise its parent company on other venture capital fund investments; target investments include companies creating mobile applications and services that encourage rapid adoption of mobile applications, such as context and location-based services, mobile payments, mobile advertising, music and entertainment, and other mobile services and software, the company said.
$2.5 Trillion Dollars: The Technology, Media and Telecom Sector
If you're a recent user of GPS, mobile entertainment or social networks, you're intimately familiar with TMT -- the convergence of technology, media and telecommunications.
Each of the 100 companies included in the sector is tracked on the NYSE (NYY). Ultimately, each enterprise exerts an influence on the others as a development by one company will impact the collective. Anticipation of this interaction has been projected to generate $2.5 trillion dollars of new value within the sector. This extraordinary growth is in part supported by the global forecast of 7 billion wireless accounts accessing a host of innovative services beyond a simple mobile phone call.
Li Wei, a senior consultant from the China World Trade Corp., said 80 percent of global venture capital investment takes place within the TMT sector. The
Deloitte & Touche TMT Industry Group 2008 forecast report pointed out that from 2005 to 2010 at least $1 trillion could be generated from converged TMT products or services. Revenues of $60 billion could be generated from web-based enterprise coordinating services, $55 billion from IPTV, $50 billion from mobile phone content services, $35 billion from online gaming and $20 billion from online music.
Sales of GPS handsets to grow to 10% in China by 2012
Sources from inside Taiwan’s handset chipmaking companies project that GPS-enabled phones will grow from the current 1% market-share to 10% in 2012. They say this is highly likely thanks to the fact the handset vendors have now begun the initiative, with Nokia spearheading the GPS-enabled handset game.Not only that, but before the end of this year, GPS handset unit sales in China are expected to grow three or four times compared to the rates from last year.
Helping international brands such as Nokia, and Nokia are China-based white-box handset vendors, who are all working to develop and incorporate low-cost or integrated GPS solutions to their products. It is reported that Taiwan-based MediaTek is currently the most likely choice in this regard.
It should be noted, however, that without corresponding location-based services with which consumers may be able to maximize the use of their handset’s GPS functionality, most of these efforts will go to waste. These location-based services are not yet widespread, but it should be available as early as two or three years from now. And that’s when GPS handset sales will speed up to meet the predicted growth to 10% market share.
India and Russia to launch GLONASS
