Message #4 From:
NewsBot Date: November 14, 2005 03:47:15 PM
GTXC Message Board News Research DD
GTX Global Responds To Defamatory Comments
LAS VEGAS, Nov. 14 /PRNewswire-FirstCall/ -- GTX Global Corporation (GTXC) (OTC: GTXC.PK), a leading provider of innovative IP multimedia technologies that enable profitable IP communications is responding to certain defamatory comments and information posted on the stocklemon.com website.
As previously stated in the company's 15c2-11 filing with the SEC and posted on the company's website at www.gtxglobal.net and at PinkSheets.com at www.pinksheets.com , GTX Global Corporation's predecessor purchased certain assets of Gatelinx Corporation in December 2004. At the time, the company was aware of allegations regarding Mr. Hagen as found in a Google search. Mr. Hagen resigned his positions as an officer and director of Gatelinx Corporation in contemplation of GTX Global Corporation going public. Mr. Hagen is not an officer or director of GTX Global Corporation.
Mr. Curtis Garth, President of GTX Global, stated, 'I have never heard of the two companies named in news release - Absolute Health and Fitness and Bioheal, before seeing them on the website. Neither of these companies is affiliated in any way with GTX Global.'
The Company believes that its technology will be the proven VVOIP technology for the future. Building on its portfolio of eight patents pending, the company is actively pursuing arrangements including joint ventures, licensing agreements, and mergers and acquisitions to build on its capabilities and the unique qualities of its technology. Mr. Garth also stated that several major corporations are performing due diligence regarding the company and its technology in developing these deals. 'We believe that our ongoing efforts with our technology and these business arrangements will bring a higher level in share prices, this could lead to further efforts by the short-sellers to bring a negative impact to our share prices.'
The Company's outside SEC counsel has already started legal efforts to bear on the people behind stocklemon.com. Outside counsel believes the information posted on the stocklemon.com website is intended to artificially drive down the price of GTX Global stock (GTXC) to allow short-sellers to profit from the lower prices. The company is ready to file appropriate lawsuits to protect its shareholder value and its technology, and outside SEC counsel is working towards that goal.
GTX Global Grants VVoIP Conferencing License for the European Union
LAS VEGAS, Nov. 14 /PRNewswire-FirstCall/ -- GTX Global Corporation (GTXC) (OTC: GTXC.PK), a leading provider of innovative IP multimedia technologies that enable profitable IP communications announced today that GTX Global has entered a Software Licensing Agreement with Govalin Corporation of Lugano, Switzerland, granting Govalin the right to sell and distribute GTX Global's voice and video over IP (VVoIP) conferencing software in the European Union.
'This licensing agreement with Govalin Corporation is a continuation of GTX Global's strategy to license its software to key partners throughout the world. Developing strategic relations with leading Channel Partners will allow GTX Global to achieve its goal of exponential growth, while maintaining a high level of customer service,' said Curtis Garth, President and CEO, GTX Global Corporation. 'Govalin has focused investments and management in the field of new technologies for the past seven years, building strong relationships with investment partners in the European Economic Union.'
'We are very excited about the VoIP and the VVoIP market acceleration and feel that our partnership with GTX Global will bring about dramatic changes in IP telecommunications as it exists today,' said Robert Mameli, President of Govalin Corporation.
GTX Global licensed its software to Govalin for the European Union for $2,000,000.00 plus royalties, following due diligence.
About GTX Global
GTX Global partners with providers and integrators of IP communications services and equipment to deliver branded IP multimedia solutions that retain customers and create new revenue opportunities. GTX Global's technology advances have resolved existing bandwidth, connectivity, and security issues businesses face when attempting to deliver multimedia services over IP by efficiently minimizing bandwidth requirements and intelligently controlling packet loss and jitter. Unlike Voice over IP (VoIP) providers, video/web conferencing companies, or voice/video/data over IP platforms that can't offer the full range of multimedia capabilities without additional hardware or an expensive Quality of Service (QoS) Infrastructure, GTX Global has developed the industry's first solution to support delivery of high-quality multimedia with QoS-like performance and control over standard broadband lines. In addition, with GTX Globals' recent acquisition of Vizual Corporation, GTX Global aims to lead the broadband communications market through innovative, useful products delivered at aggressive prices. Vizual business lines include: VizTV(TM) and VTV(R), Television over IP (TVoIP) products delivering stunning television quality over existing broadband infrastructure; VizCom(TM), Enterprise-grade videoconferencing, collaboration and productivity tools to drive greater performance from dispersed teams; VizMeet(TM), supporting large-scale video meetings with full access control, advance presentation capabilities and attendee interactivity serving users with a need to reach vast numbers of participants (webinars, conferences, talk shows, town meetings); VizLearn(TM), distance learning and educational tools to expand the classroom for creation and diffusion of knowledge (education, corporate training, continuing education); and VizTalk(TM), consumer videocalling over personal computers in unsurpassed quality. Please visit www.gtxglobal.net and www.vizualcom.com for more information.
This press release includes 'safe harbor' language pursuant to the Private Securities Litigation Reform Act of 1995, as amended, indicating that certain statements about the Company's business contained in the press releases are 'forward-looking' rather than 'historic.' The press releases contain forward- looking statements that involve risks and uncertainties concerning GTX Global's expected financial performance (as described without limitation in quotations from management in the press release), as well as GTX Global's strategic and operational plans. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.
SOURCE GTX Global Corporation
