GTX Global Announces Sale of Dish TV Now

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.

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. 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. On December 16, 2005, GTX Global agreed to merge with Yadio Inc. 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. 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, and sales and maintains an ongoing communication link between buyer and seller. For more information, please visit http://www.gtxglobal.net/, http://www.vizco.com/, and http://www.yadio.com/.

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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

CONTACT: Jennifer Howard of GTX Global Corporation, +1-800-995-GTXC, or
press@gtxglobal.net

Web site: http://www.gtxglobal.net/
http://www.vizco.com/
http://www.yadio.com/

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