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GTX Corp CEO Patrick Bertagna Weighs in as A Thought Leader

"THE WORLD AFTER COVID"
Published on August 3, 2020
Marcin Kulawik
Founder and CEO @ SolveQ Agile Software House

Guest: Patrick Bertagna 

Interview:
1. What are your thoughts on the impact of COVID-19 on the future of your business?

The COVID situation is very fluid and changes weekly, however so far as best we can see, the future impact may be positive. We expect to see a greater demand for telehealth, location-based services, and overall technology enhancements in the medical space. More people and assets will need to be tracked, traced, and monitored which is a key part of our business. In addition, we expect to see continued demand for personal protective equipment, which is also a big part of our business.

2. What are the new global challenges? How should we, as leaders, prepare for them?

There are going to be many challenges moving forward and preparing will be an evolving process, but just to touch on a few:

Making sure you have the proper protective equipment on hand and policies in place to keep all your employees, customers, and visitors safe.
Managing your resources especially if you deal in inventory that has a short shelve life. Learning how to convert face to face interactions with remote interactions while not significantly impacting your business. For example sales presentations, hiring or firing staff, brainstorming sessions that require people working closely together, traveling or not being able to travel, managing timelines because many things may take longer than expected due to all the delays in the supply chain or ordinances to suddenly shut down or facilities closing because staff members got sick. Overall general operations, cash flow, and productivity will be much harder to manage.

3. What would be your advice for young entrepreneurs in order to flourish in these times of crisis, both with COVID and a general economic slowdown?

This is the one thing COVID has not changed it’s the same formula since the beginning of time - identify a problem and come up with the best solution. In today’s world, there are so many problems the global community is facing which makes it a great time in history for smart, entrepreneurial minds to find their opportunity and thrive. Everyone will need to recreate, reinvent, and retool everything they do, this lays the path for the opportunity.

4. Would you like to add anything else?

Since early dawn, the strong have survived and the less fortunate have struggled, COVID spotlights this on a global scale like nothing else has in our lifetime and it will push many to their limits. So now more than ever take inventory of your strengths and weaknesses and don’t let them sit idle, work hard to shore up your strengths, and improve on your weaknesses. Also realize how important it is to be healthy physically, emotionally, and financially because during extremely hard situations you need all three workings in harmony to give you the strength to survive. Lastly, appreciate everyone close to you and don’t just tell them you appreciate them, show them with actions."

CLICK TO WATCH:

GTX and The Future of Mask Wearing

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About GTX Corp
GTX Corp (GTXO) is a pioneer in smart, mobile, and wearable GPS tracking and recovery location-based solutions designed around health and safety. Supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio, GTX offers a global end-to-end solution of hardware, software, and connectivity, and develops tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX is known for its game-changing and award-winning patented GPS SmartSole® -- think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, NFC and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets. GTX is also in the protective medical supply business and has developed innovative technology driven solutions. The company has customers in all 50 States and international distributors servicing customers in over 35 countries. The Company’s customers range from the U.S. Military, Foreign Military, public health authorities and municipalities, emergency, and law enforcement, first responders, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and direct to consumer.
General information, investor relations, wholesale licensing, consumer purchase:
213.489.3019     Info@GTXCorp.com      IR@GTXCorp.com Contact Us

GTX Corp United Kingdom
In the UK, GTX Corp operates from its London office. Please contact: Nelson Skip Riddle
Email: NSRiddle@GTXCorp.com Tel: +44 7785 364100

Disclaimer: 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 by 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.

Forward Looking Statements
This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.
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