$GTCH recently-announced Letter of Intent (LOI) with GTX Corp (OTC: GTXO) plays to the strengths of both companies and validates GBT's business model, according to CTO, Danny Rittman. In a recent interview with Investorideas.com, Rittman and GTC CEO, Patrick Bertagna discussed the LOI, which according to the press release, aims "to develop a framework of cooperation between the companies to evaluate the viability and market size of the Company's Intellectual Property and product line for worldwide exclusive licensing rights to manufacture, sell and distribute their products."

"We (GBT) have a great ability, in house, of development from an IP to a prototype," Rittman said. "And that's why we're constantly filing patents. We see that GTX has an extraordinary proven record and experience of bringing these types of technologies to market."