GTX Corp Names Silicon Valley Tech VC as Advisor and Hires Chief Scientist for Palo Alto Technology Center Leader in 2WAYGPS Tracking Technology and the Personal Location Services (PLS) Market Accelerates Growth with Two New Hires. LOS ANGELES--(BUSINESS WIRE)--July 17, 2008--GTX Corp (OTCBB: GTXO), a market leader in the licensing of GPS empowered Personal Location Services (PLS) technologies, announced today that they have signed agreements to have George Lauro join the company as a Strategic Advisor and Joseph Kaminski as its new Chief Scientist. Mr. Lauro has a significant background in the Silicon Valley venture capital community, currently serving as the CEO of Alteon Capital Partners and Managing Partner of the West Coast office of the Wasserstein Perella Group. He is also a Senior Advisor to the investment banking firms C.E. Unterberg, Towbin and Needham & Company, while sitting on numerous boards as a director or observer. Prior to founding Alteon, Lauro was Managing Director and a partner in Techfarm Ventures. Before joining Wasserstein, he was Director of Rapid Commercialization at IBM Headquarters, a central architect of IBM's Silicon Germanium (SiGe) wireless IC strategy and Director of Business Development of IBM's Wireless Products Business. Mr. Lauro will have the title of Strategic Advisor at GTX Corp and will work closely with senior management and the board of directors. He has sat on 11 company boards including Peregrine Semiconductor (silicon on sapphire mixed signal chips), SMaL Camera (CMOS imagers), HotRail (terabit switch fabrics), ChipX (structured ASICs), SandCraft (MIPS-based control plane processors), Triscend (configurable embedded processors), Cognigine (OC768 packet processors) and publicly traded Software Publishing Corp. He completed a BSEE from Brown University, an MBA from U Penn’s Wharton School of Business and graduate work in Astronautics at MIT. He holds 23 patents for inventions in GPS, RFID, RFICs, portable power supplies and inertial guidance. Joseph W. Kaminski will have the title Chief Scientist and report to GTX Corp’s Chief Technology Officer, Jb Bittner Eriksen. He is an internationally recognized technology innovator, having more than 25 years of experience in all stages of product development and R & D. He also has significant expertise in engineering hardware, software and firmware solutions, with an especially strong record in building and managing projects through to commercialization. Mr. Kaminski has successfully completed projects for PARC-Xerox, Cisco Systems, KLA-Tencor, Abbott Labs, HP Labs, IBM and Sun Microsystems. He is a founding member of AIME (American Institute of Motion Engineers), an active member of SCS (Modeling and Simulation International) and a 25-year member of SPIE (Society of Photo-Optical Instrumentation Engineers). He holds nine patents totaling 222 intellectual claims in technology and computer industries, with several patents pending in the field of Human Centric interface, video and power switch technologies. Patrick Bertagna, CEO of GTX Corp comments, “We are building an industry leader at GTX and human resources are a key in driving to that result. George and Joe are two phenomenal additions to our team and a testament to our long term vision for success. Their insights, talents, experiences and collective knowledge base complements our organization and further accelerates our growth, both on the business and technology fronts. I am honored to have them join our organization.” “I am especially looking forward to unveiling some of the new technology Joe will be responsible for developing - GPS/PLS units utilizing leading edge components which will be smaller, more accurate, require less power to run and significantly reduce the cost and time to manufacture.” About GTX Corp. GTX Corp develops miniaturized Global Positioning Service (GPS) satellite tracking and location-transmitting technology devices for integration into branded licensee consumer products. The company’s Personal Location Services (PLS) platform consists of a matchbook-sized, location-reporting module that utilizes GTX Corp’s “always-on” Assisted-GPS tracking capabilities. At the convergence of technology, media and telecommunications - the TMT sector of the telecom industry - GTX Corp continues its efforts to advance GPS technology as it defines the PLS space. The gpVector™ system uses cellular transmission provided by our wireless carrier partner, AT&T, to deliver real-time geographic coordinates, rendered on Google Maps, to subscribers via secure internet connections. GTX Corp has more than five years in research and development, strategic partnerships, and an ongoing program of intellectual property protection. The company is headquartered in Los Angeles, California, with an R&D facility in Palo Alto California. www.gtxcorp.com All of the content of this document is protected by copyright unless otherwise stated and may only be used according to specific terms and conditions as granted by GTX Corp. Any unauthorized use of such material may violate copyright laws, trademark laws, the laws of privacy and publicity, as well as other communications regulations and statutes. 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 with GTX Corp. Further, GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company. CONTACT: GTX Corp. Patrick Bertagna, CEO & President 213-489-3019 ext 1 pbertagna@gtxcorp.com Ryan Mulhern, Director of Investor Relations 877-489-3019 ext 7 rmulhern@gtxcorp.com SOURCE: GTX Corp.