GTX Global Corporation, a leading provider of innovative IP multimedia technologies that enable profitable IP communications announced that GTX Global has entered a Software Licensing Agreement with Govalin Corporation of Lugano, Switzerland, granting Govalin the right to sell and distribute GTX Global's voice and video over IP (VVoIP) conferencing software in the European Union.

"This licensing agreement with Govalin Corporation is a continuation of GTX Global's strategy to license its software to key partners throughout the world. Developing strategic relations with leading Channel Partners will allow GTX Global to achieve its goal of exponential growth, while maintaining a high level of customer service," said Curtis Garth, President and CEO, GTX Global Corporation. "Govalin has focused investments and management in the field of new technologies for the past seven years, building strong relationships with investment partners in the European Economic Union."



"We are very excited about the VoIP and the VVoIP market acceleration and feel that our partnership with GTX Global will bring about dramatic changes in IP telecommunications as it exists today," said Robert Mameli, President of Govalin Corporation.

GTX Global licensed its software to Govalin for the European Union for $2,000,000.00 plus royalties, following due diligence.