MetAlert Inc (MLRT)

[sweet crude]

GTXO Issued .05 to .08 Price Target

Ludlow Research Initiates Coverage on GTXO Based on Revenue Growth, and Low Market Valuation

(NEW YORK)–Dec. 13, 2019--Ludlow Research initiated research opinion on GTX Corp (OTCQB: GTXO), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), with a ‘speculative’ short-term target of $0.05 to $0.08 per share, based on solid revenue growth and low market valuation.

Ludlow Research has initiated research coverage on GTXO based on strong revenue growth, positive outlook for 2020, and very low market value for their wearable IoT operations.

Key reasons for upgrade:

- A pioneer in Wearable GPS Tracking for Alzheimer and Dementia Patients
- $1.3 Million nine month trailing revenues
- Customers in over 35 countries
- U.S. Military Contractor
- Government or Insurance reimbursement in 3 Countries and 11 States
- Large IP portfolio
- Low Market Cap Valuation

Very Low Market Valuation

As of Dec. 13, 2019, the Company had roughly 75 million shares issued and outstanding, with a market cap of just around $400,000.

But for the purposes of our report, and to be even more conservative with our outlook projections, we are rounding these shares upward to an even 100 million for easier calculation purposes, and to adjust for any future dilution that may or may not occur.

So, even at 100 million shares outstanding, our projected target of $0.05 to $0.08 a share would still only equate to a $5 to $8 million market cap, which we feel is pretty reasonable for an IoT company with growing revenues, increasing gross margins, and technology that can address both military and healthcare needs.

https://ludlowresearch.com/reports