G-Spot by PosiMotion is a position sharing application for the iPhone and iPod Touch. It will be available via the App Store when it launched on July 11th. There is no indication of a price for the application. Below is more info and screenshots.

The Compass:
Shows you what direction you are currently heading.

Spot Me:
A shortcut to pinpointing your current location instantly in Google Maps.
Also creates a log of most recent locations.
[Read more…]