CONYERS, GA–(Marketwire – October 21, 2010) –  GeckoSystems Intl. Corp. ( PINKSHEETS : GCKO) voiced currently which they have perceived an refurbish per their grave ask to the Financial Industry Regulatory Authority (FINRA) to shift their trade pitch to one some-more deputy of their company’s vital concentration and operations.

GeckoSystems is a energetic celebrity in the rising mobile robotics courtesy revolutionizing their expansion and make make use of of with “Mobile Robot Solutions for Safety, Security and Service™.”

Issuer requested pitch changes have been right divided slight given the U.S. regulatory authority, FINRA, updated and loose their regulations per pitch changes, batch splits, etc. as of Sept. 27, 2010. This is per their Rule 6490 and SEA Rule 106-17 per “Issuer Company Related Action Notification.” Now Over The Counter (OTC) publicly traded companies competence willingly shift their trade black in an fit and timely manner.

GeckoSystems’ CEO, Martin Spencer, currently stated, “Late last week, the Company finished and filed the compulsory FINRA concentration and subsequently submitted the fees for the pitch shift ask from ‘GCKO’ to ‘GSYS’ as the initial choice. We have listened from the FINRA reviewer of the concentration and their need for corroboration not usually which the benefaction officers were duly nominated and elected, but additionally which their predecessors (if any) have quiescent in an reasonably authorised and enough manner. We will be responding to this need for this one some-more vetting right divided as it is an radically executive charge due to the requested corporate papers being straightforwardly available.”

Mr. Spencer serve commented which FINRA may, at the solitary discretion, allot an pick symbol, but is assured FINRA will residence the company’s ask if there have been no opposing requests in process. The concentration suggests which the slight takes in the operation of 3 (3) to 5 (5) days from time of concentration to turn effective. “We have been unequivocally pleased, if not thrilled, with FINRA’s preference to concede suitable trade black to be some-more deputy of the company’s name and blurb operation focus,” one after an additional Spencer.

Two weeks ago, on the same date, GeckoSystems supervision cumulative dual lists from Broadridge and one from The Depository Trust & Clearing Corporation (DTCC). The dual Broadridge lists, one a NOBO and the alternative a quasi-OBO (with no particular profitable owners revealed) quantify sum GCKO register per broker. Unless exposed shorting is occurring, the quantities of batch reason by the brokerages should be the same, or scarcely so, from both of Broadridge’s “NOBO” and “quasi-OBO” lists, and DTCC’s “SPR” list. Since both of Broadridge’s lists agree, this competence prove there have been radically no objecting profitable owners (NOBO) to being identified.

DTCC, by the subsidiaries, provides clearance, allotment and report services for equities.

Broadridge provides mission-critical products and services for bonds processing, clearing/outsourcing, and financier communication. They can, however, yield Issuers with OBO report in anxiety to the series of shareholders and the sum share volume they hold. Broadridge is not accessible to divulge those shareholders — divided — which have been objecting profitable owners. Hence they sum them in a second quasi-OBO list.

The tip 5 (5) brokerages/clearing houses with biggest GCKO share equate discrepancies in in between Broadridge’s NOBO and epitomised “OBO” lists and the DTCC SPR list on Oct. 6 have been listed next in the sequence of their magnitude:

Brown Brothers/Harriman:
Broadridge OBO list: 500,000 GCKO shares
DTCC SPR list: 3,868,050 GCKO shares
Hence an unexplained disproportion of 3,368,057 GCKO shares or 674% some-more reported by DTCC than Broadridge.

TD Ameritrade:
Broadridge OBO list: 19,410,623 GCKO shares
DTCC SPR list: 21,513,546 GCKO shares
Hence an unexplained disproportion of 2,102,923 GCKO shares or 11% some-more reported by DTCC than Broadridge.

USAA Brokerage Services:
Broadridge OBO list: 2,043,226 GCKO shares
DTCC SPR list: 2,466,069 GCKO shares
Hence an unexplained disproportion of 422,843 GCKO shares or 21% some-more reported by DTCC than Broadridge.

National Financial Services:
Broadridge OBO list: 11,830,791 GCKO shares
DTCC SPR list: 12,243,791 GCKO shares
Hence an unexplained disproportion of 413,000 GCKO shares or 3% some-more reported by DTCC than Broadridge.

TD Waterhouse:
Broadridge OBO list: 797,490 GCKO shares
DTCC SPR list: 1,062,490 GCKO shares
Hence an unexplained disproportion of 265,000 GCKO shares or 33% some-more reported by DTCC than Broadridge.

In aggregate, the Broadridge and DTCC lists talk about by a sum of 11,033,022 shares. The tip 5 brokerage firms and clearing houses’ discrepancies comment for 59.6% (6,571,823 shares) of the GCKO share equate sum inequality in the reports from Broadridge and DTCC to GeckoSystems. This grand sum competence good be the significant being of the volume of exposed shorting of GCKO stock. All alternative thirty-three (33) brokerage and/or clearing houses reported the expect same GCKO share counts, or reduction than 1% discrepancy, in in between Broadridge and DTCC.

Some GCKO investors competence instruct to forewarn their attorney and/or their clearing residence to place their GCKO batch on their “no loan” list to need their brokerage in to not regulating their privately reason GCKO shares for any shorting. This competence be in all advantageous if your batch is being reason by any of the reduction rigorously agreeable brokerages and/or clearing houses suggested in the preceding.

Due to the need for equity financing for tall expansion firms, GeckoSystems has worked for over ten years to turn entirely stating as shortly as financially viable. In fact, the Company has been successfully audited twice, for dual year durations each, and found to be entirely agreeable underneath consummate outward monetary audits rebuilt by SEC approved CPA firms with the Financial Accounting Standards Board’s (FASB’s) in all supposed accounting beliefs (GAAP).

“Due to the turn of risk fundamental in tall tech, rising marketplace Development Stage firms such as ours, in all during this Great Recession, we assimilate obviously which usually equity (not debt) instruments can yield enough lapse on investment (ROI) for investors to pretence the risk of purchasing any tall tech, rising marketplace batch such as GCKO stock. Hence the prolonged time efforts in this regard, and integrity to go on the move ceiling to not usually a some-more conspicuous made at home batch exchange, but additionally those with general reach, such as OTCQX,” celebrated Spencer.

GeckoSystems perceived their Pink Sheet trade symbol, GCKO, from FINRA as a outcome of gratifying all their due courtesy mandate from the filing of a Form 15c2-11. The Company is not a “shell company” and has no unaccounted for, or differently missing, shares superb and issued. ”We worked for scarcely a year in scheming the initial 15c2-11 acquiescence to, and addressing the comments of, FINRA prior to to their placement of the trade symbol, GCKO. We perceived the trade symbol, GCKO, from FINRA in Sep of 2007. In sequence to capacitate electronic trade we became DTC authorised in Jan of 2008. As a DRS Participant, the capability to trade GCKO batch electronically is even some-more streamlined, efficient, transparent, and reliable,” settled Spencer.

“We will go on to do all in the energy to be completely, but prudently, pure with the shareholders. We instruct to assure the stockholders which this larger potency in the marketplace for the batch will serve raise the value and liquidity of GCKO batch and enlarge the ROI for them as we go on in the efforts to move ceiling to some-more conspicuous made at home and general batch exchanges. To date, we have currently submitted a ask for pitch shift and schooled from FINRA of their need for one some-more corporate jot down copies to be supposing to them. While the Company’s supervision is looking a pitch shift due to improved congruity with corporate and strategies, we nonetheless have been told which this pitch shift will force a prompt exposed short squeeze. As is prudent, we will go on to weigh the division and brazen batch separate scenarios unequivocally delicately as to costs and efficiency as to how we competence make up them and grasp the many suitable ROI for the scarcely 1400 shareholders, ” resolved Spencer. 

About the Financial Industry Regulatory Authority:

The Financial Industry Regulatory Authority (FINRA) is the largest eccentric regulator for all bonds firms you do blurb operation in the United States. FINRA’s goal is to strengthen America’s investors by creation sure the bonds courtesy operates sincerely and honestly. All told, FINRA oversees scarcely 4,700 brokerage firms, about 167,000 bend offices and we estimate 637,000 purebred bonds representatives.

FINRA touches substantially each aspect of the bonds blurb operation — from induction and educating courtesy participants to examining bonds firms; essay rules; enforcing those manners and the sovereign bonds laws; informing and educating the investing public; on condition which trade stating and alternative courtesy utilities; and administering the largest brawl fortitude forum for investors and purebred firms. We additionally perform marketplace law underneath stipulate for the vital U.S. batch markets, together with the New York Stock Exchange, NYSE Arca, NYSE Amex, The NASDAQ Stock Market and the International Securities Exchange.

FINRA has we estimate 3,000 employees and operates from Washington, DC, and New York, NY, with twenty informal offices around the country.

In today’s fast-paced and formidable tellurian economy, FINRA is a devoted disciple for investors, dedicated to gripping the markets satisfactory and proactively addressing rising regulatory issues prior to they mistreat investors or the markets.

FINRA believes which the many suitable form of financier insurance starts with education. They suggest a far-reaching operation of report and collection — by their website, the media and at open forums — to benefit investors strengthen themselves and improved assimilate the simple beliefs of saving and investing.

http://www.FINRA.org

About GeckoSystems International Corporation:

Since 1997, GeckoSystems has grown a comprehensive, coherent, and enough apartment of hardware and program inventions to capacitate a brand brand brand brand brand brand new arrange of home apparatus (a personal robot) the CareBot™, to be combined for the mass consumer marketplace. The apartment of initial inventions includes: GeckoNav™, GeckoChat™ and GeckoTrak™.

The initial marketplace for this product is the family for make make use of of in eldercare, caring for the chronically ill, and childcare. The initial placement channel for this brand brand brand brand brand brand new home apparatus is the thousands of eccentric personal mechanism retailers in the U.S. The production infrastructure for this brand brand brand brand brand brand new product worry of mobile make use of robots is radically the same as the personal mechanism industry. Several outward stipulate manufacturers have been identified and competent their capability to furnish up to 1,000 CareBots per month inside of 4 to 6 months.

The Company is marketplace driven. At the time of founding, scarcely twelve years ago, the Company did endless initial marketplace investigate to establish the demographic form of the early adopters of the afterwards due product line. Subsequent to, and formed on which strange marketplace research, they have fabricated countless concentration groups to weigh the fit of the CareBot personal drudge in to the participant’s lives and their approaching usage. The Company has additionally mostly in make use of the Delphi marketplace investigate methodology by contacting and interviewing comparison executives, practitioners, and researchers associating in the area of elder care. Using this significant basement of internally achieved initial and delegate marketplace research, and third celebration investigate is the statistical piece for the Company’s sales forecasts.

Not surprisingly the systematic statistical analyses practical suggested which aged over sixty-five vital alone in civil areas with broadband Internet accessible and enough domicile incomes to await the increasing costs were identified as those many approaching to adopt initially. Due to the tall price of assisted living, nursing homes, etc. the payback for a CareBot™ is approaching to be usually 6 to 8 months whilst gripping aged caring receivers independent, in their own prolonged time homes, and vital longer due to the joy and reserve of some-more revisit courtesy from their preferred ones.

Using U.S. Census Bureau interpretation and assorted predictive statistical analyses, the Company projects the accessible marketplace distance in dollars for price effective, utilitarian, multitasking eldercare personal robots in 2011 to be $74.0B, in 2012 to be $77B, in 2013 to be $80B, in 2014 to be $83.3B, and in 2015 to be $86.6B. With marketplace penetrations of 0.03% in 2011, 0.06% in 2012, 0.22% in 2013, 0.53% in 2014, and 0.81% in 2015, we will expect CareBot sales, from this consumer marketplace segment, only, of $22.0M, $44.0M, $176M, $440.2M, and $704.3M, respectively. 

The foregoing forecasts do not embody sales in non-metropolitan areas; aged couples over 65 (only aged vital alone have been in these forecasts); those chronically sick — in any case of age — or aged vital with their adult children.

The Company’s “mobile drudge solutions for safety, confidence and service™” have been suitable not usually for the consumer, but additionally veteran healthcare, blurb confidence and invulnerability markets. Professional healthcare need price effective, timely errand running, unstable telemedicine, etc. Homeland Security requires price in effect mobile robots to unit and guard open venues for weapons and WMD detection. Military users enterprise the rejecting of the “man in the loop” to capacitate unmanned belligerent and air vehicles to not need consistent tellurian carry out and/or intervention.

The Company’s blurb operation indication is unequivocally many similar to which of an vehicle manufacturer. Due to the last assembly, test, and shipping being finished formed on geographic and logistic realities; vital business-to-business relations can operation from in isolation labeling to corner production and placement to chartering only.

Several dozen obvious opportunities exist for the Company due to the many innovative and price in effect breakthroughs embodied not usually in GeckoNav, GeckoChat, and GeckoTrak, but additionally in additional, delegate systems which include: GeckoOrient™, GeckoMotorController™, the GeckoTactileShroud™, the CompoundedSensorArray™, and the GeckoSPIO™.

The benefaction comparison supervision at GeckoSystems has over thirty-five years knowledge in consumer wiring sales and selling and product development. Senior managers have been identified for the areas of manufacturing, marketing, sales, and finance.

While GeckoSystems has been in the Development Stage, the Company has amassed waste to date in additional of 6 million dollars. In contrast, the Japanese supervision has outlayed one hundred million dollars in grants (to Sanyo, Toshiba, Hitachi, Fujitsu, NEC, etc.) over the same time duration to rise personal robots for their eldercare crisis, nonetheless no viable solutions have been developed.

By the finish of this year, the Company skeleton to finish productization of the CareBot charity with the key of the fourth era personal robot, the CareBot 4.0 MSR. The Company expects to be the initial personal drudge developer and manufacturer in the universe to proceed in-home eldercare analysis trials.

What Does a CareBot Do for the Care Giver?

The short answer is which it decreases the worry and highlight for the caregiver which needs to watch over Grandma, Mom, or alternative family members most, if not much, of the time day in and day out due to concerns about their good being, safety, and security. 

But, initial let’s demeanour at a little alternative work saving, automatic home appliances many of us make make use of of routinely. For example, wanting to do dual or some-more required chores and/or activities at the same time, similar to laundering garments and scheming supper. 

The automatic soaking appurtenance needs no tellurian involvement after the unwashed garments have been placed in the washer, the washing powder poured in, and the preferred rinse cycle set. Then, this work saving apparatus runs automatically until the cleared garments have been ready to be placed in an additional work saving home appliance, the automatic garments dryer. While the garments have been being cleared and/or dried, the caregiver prepares repast regulating multiform time saving home appliances similar to the x-ray oven, “crock” pot, blender, and required stove, with probable convection oven capabilities. 

After supper, the unwashed pots, pans, and meals have been placed in the automatic dishwasher to be cleared and dusty whilst the family retires to the basement to watch TV, and/or the kids to do homework. Later, maybe after the kids have left to bed, the caregiver competence afterwards have the time to fold, sort, and put up the right divided creatively laundered clothes.

So what does a CareBot do for the caregiver? It is a brand brand brand brand brand brand new arrange of work saving, time supervision automatic home appliance.

For example, the caring giver mostly feels time highlight when they need to go selling for 2 or 3 hours, and have been worried when they have to be divided for some-more than an hour or so. Time highlight is many worse for the caregiver with a thin aged primogenitor which contingency be reminded to take medications at sure times of the day. How can the caregiver be divided for 3-4 hours when Grandma contingency take her prescribed remedy each 2 or 3 hours? If the caregiver is trapped in trade for an hour or dual over the 2 or 3 they approaching to be gone, this “time stress” can be unequivocally formidable for the caregiver to moderate.
Not infrequently, the initial caregiver has a twenty-four hour, 7 days a week responsibility. After weeks and weeks of this infrequently tedious, if not toilsome routine, how does the caregiver get a “day off?” To move in an alien is costly (easily $75-125 per day for only 8 hours) and there is the regard which remedy will be longed for or the caring receiver have an collision requiring evident benefit by the caregiver, or someone they contingency designate. And the caring receiver competence be unequivocally resistant to a “stranger” entrance in to her home and “running things.”

So what is it value for a caring receiver to have an automatic complement to benefit take caring of Grandma? Just 3 or 4 days a month “off” on a daylong selling trip, a revisit with friends, or only take in a movie would price $225-500 per month. And which unfolding assumes which Grandma is peaceful to be taken caring of by a “stranger” during those indispensable and suitable days off.

So perhaps, an automatic caregiver, a CareBot, competence be flattering handy, and potentially unequivocally price in effect from the initial caregiver’s perspective.

What Does a CareBot Do for the Care Receiver?

It’s a brand brand brand brand brand brand new kind of messenger which regularly stays tighten to them enabling family and friends to caring for them from afar. It tells them jokes, retells family anecdotes, reminds them to take medication, reminds them which family is entrance over shortly (or not at all), recites Bible verses, plays the one preferred songs and/or alternative music. It alerts them when astonishing visitors, or intruders have been present. It notifies directed towards caregivers when a potentially damaging eventuality has occurred, such as a fall, glow in the home, or simply been not found by the CareBot for as well long. It responds to calls for benefit and notifies those which the caregiver dynamic should be rught away told when any fixed inauspicious eventuality occurs.

The family can customize the celebrity of the CareBot. The voice’s intonation can be quick or slow. The intonation can be breathy, or abrupt. The voice’s volume can operation from unequivocally shrill to unequivocally soft. The reply phrases from the CareBot for famous difference and phrases can be local and/or singular to the family’s own heritage. The celebrity can operation from deafening to shy depending on how the caring giver, and others appropriate, chooses it to be.

Generally, the caring receiver is gratified at the awaiting of family being means to dump in for a “virtual visit” regulating the onboard webcam and video guard for at home “video conferencing.” The caring receiver competence feel many some-more indispensable and appreciated when their far flung family and friends can “look in” on them any where in the universe where they can get broadband internet entrance and simply discuss for a bit.

Why is Grandma unequivocally meddlesome in a CareBot? She wants to stay in her home, or her family’s home, as prolonged as she presumably can. What’s which worth? Priceless. Or, an normal nursing home is $5,000 per month for an sourroundings which is as well mostly the commencement of a turn downward in the caring receiver’s health. That’s substantially $2-3K some-more per month for them to be placed where they unequivocally do not wish to be. Financial payback on a CareBot? Less than a year – Emotional payback for the family to have this brand brand brand brand brand brand new automatic caring giver? Nearly immediate –

Safe Harbor:

Statements per monetary counts in this press recover alternative than chronological contribution have been “forward-looking statements” inside of the definition of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as which tenure is tangible in the Private Securities Litigation Reform Act of 1995. The Company intends which such statements about the Company’s destiny expectations, together with destiny revenues and earnings, record efficiency and all alternative forward-looking statements be theme to the Safe Harbors combined thereby. The Company is a expansion theatre organisation which continues to be contingent on outward collateral to means the existence. Since these statements (future operational formula and sales) engage risks and uncertainties and have been theme to shift at any time, the Company’s tangible formula competence talk about materially from approaching results.

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Source: GeckoSystems Intl. Corp.

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