GTX Global Announces First Annual Shareholders Meeting
LAS VEGAS, Dec. 23 /PRNewswire-FirstCall/ -- GTX Global Corporation (Pink Sheets: GTXC message board), a leading provider of innovative IP multimedia technologies that enable profitable IP communications announced today the company will hold the first annual shareholders meeting on January 30, 2005, at 10:00 AM at the Rosemont Doubletree Hotel in Chicago, Illinois.
GTX Global will present the company's plans for the future, including the schedule for product development and distribution, further details on the Yadio merger and the related corporate name and symbol change, and discuss the major impact anticipated from the VIZCOM product deployment to the Yadio subscriber base. In addition, GTX Global has experienced a significant positive response from the company's recent news releases and anticipates a large number of outside attendees at the shareholders meeting, including those from marketing and advertising groups who will be partnering with GTX Global in product branding and distribution.
As part of the annual shareholders meeting, GTX Global/Yadio will be demonstrating its full line of technology products and services.
GTX Global Expedites Development of Teleview(TM)
LAS VEGAS, Dec. 22 /PRNewswire-FirstCall/ -- GTX Global Corporation (Pink Sheets: GTXC), a leading provider of innovative IP multimedia technologies that enable profitable IP communications announced today, that due to increasing customer demand, the company has decided to expedite the development and production of the GTX Global Teleview(TM) set-top box. Under the expedited schedule, the product is expected to be available for distribution by Q2 of 2006.
GTX Global Teleview(TM) is a set-top box for video and voice communications over IP. GTX Global Teleview(TM) is the first low-cost appliance that delivers high-resolution voice and video capabilities through television to enable 'anytime, anywhere' communications. We've broken down the traditional technology, hardware and cost barriers that have prevented widespread use of video and voice conferencing by developing a broadband-based consumer set-top box device that is simple to install and simple to use.
GTX Global Teleview(TM) connects directly to a television and enables any device operating GTX Global Communicator software for video, voice and data communications to communicate with any other device, including personal computers, phones, video phones and other Teleview(TM) systems. GTX Global Teleview(TM) delivers on the promise of IP multimedia communications by enabling high quality video and voice calls over IP using any communications device. And it's a cost-effective solution that just requires a standard broadband connection.
GTX Global Announces Sale of Dish TV Now
LAS VEGAS, Nev., Dec. 21 /PRNewswire-FirstCall/ -- GTX Global Corporation (Pink Sheets: GTXC), a leading provider of innovative IP multimedia technologies that enable profitable IP communications announced today that GTX Global entered an agreement to sell Dish TV Now Inc. to U.S. Trading Corp, Thomas Cullen, President, an investor group located in Naples, Florida.
'GTX Global's recent merger with Yadio will provide the newly combined company, which will be operating under the name of Yadio, with significant revenues beginning in January 2006. These revenues will more than offset any reduction of revenues from the sale of Dish TV Now. More importantly, these revenues will be derived from our core technologies, as opposed from the retail sales of satellite TV,' said Len Green, interim President of GTX Global Corporation.
'The sale of Dish TV Now is consistent with our strategy to focus on our innovative, cutting edge technologies,' said Green. 'We have a wide range of unique technologies that are in high consumer demand. We intend to methodically roll-out these products in a manner that will maximize revenues and profit at the lowest possible expense with the objective of becoming the leader in the VoIP, VVoIP and IP TV industries.'
GTX Global is selling Dish TV Now, Inc for $500,000 cash.
GTX Global Announces Merger With Yadio
LAS VEGAS, Dec. 20 /PRNewswire-FirstCall/ -- GTX Global Corporation (Pink Sheets: GTXC), a leading provider of innovative IP multimedia technologies that enable profitable IP communications and Yadio Inc., a leading entertainment and communications company today announced that that GTX Global and Yadio have entered an agreement, dated as of December 16, 2005, providing that Yadio will merge with GTX Global Corporation. Under this merger, GTX Global will assume the Yadio brand name and effectuate a corporate name change to Yadio Inc. The management of Yadio will select a new Board of Directors, elect new Officers and assume autonomous control of the public company.
'GTX Global's merger with Yadio is a continuation of our business strategy to build a diversified global business and provide deeper, more valuable solutions for our consumers and business partners,' said Curtis Garth, CEO, GTX Global Corporation.
'We believe that this acquisition is good news for our shareholders, customers, employees, and the industry in general,' said Garth. 'By combining the strengths of both GTX Global and Yadio, we believe we will be able to provide needed and superior Internet television, streaming, and video conferencing and collaboration services to consumers and businesses throughout the world.'
GTX Global is merging with Yadio for $64,300,000 in cash and stock.
About GTX GlobalGTX 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. GTX Global's business lines including: VizTV(TM), 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; 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. For more information, please visit www.gtxglobal.net and www.vizco.com.
About Yadio
Yadio provides our member and subscribers with an entertainment and communications platform in the distribution of online TV, radio, video and audio. Yadio simplifies awareness and selection of programming in the extensive multi-channel universe. The Yadio player provides great programming with online TV, radio, Podcasts, games, community, and it allows each subscriber to personalize their online newspaper. The Yadio community is the Media Guide of the future. Programming takes on a life of its own through the Yadio community where people meet, share interests, talk, network and date. Media trends are the core of what people share in the Yadio Community. Our users identify with media and express their cultural values on the site exposing constantly shifting trends. Here, people discuss media using Yadio as a social tool and platform for their likes and dislikes. Yadio licenses its technology providing companies a direct connection to their customer through the Yadio player. Corporations, for the first time, have an entertainment premium, which builds brand awareness, customer retention, sales and maintains an ongoing communication link between buyer and seller. Please visit www.yadio.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
