CONYERS, GA--(Marketwire - October 22, 2009) - GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) (http://www.geckosystems.com/) -- announced today that during their first annual "Mobile Robots in Motion" conference November 4-5, 2009 attendees will be able to learn and discuss the expected cost savings and payback of personal companion robots, such as their CareBot, in an eldercare setting. GeckoSystems is a dynamic leader in the emerging Mobile Service Robot (MSR) industry revolutionizing their development and usage with "Mobile Robot Solutions for Safety, Security and Service™."
"Many elderly, living alone, can do so on $1200-1500 per month, excluding medical and any other extraordinary requirements in many parts of the country. Average nursing home costs are over $4000 per month in most parts of the US. Day "eldercare" service -- with typically drop off, pick up scenarios -- is $75 per eight-hour day and up. A part time caregiver that comes into the home to relieve the full time caregiver from the stressful time pressures of daily attendance, is a minimum of $10 per hour. The impact of the foregoing realities will be discussed and presented during our upcoming "Mobile Robots in Motion" conference.
Like an automobile, mobile robots are made from steel, aluminum, plastic, and electronics, but with ten to twenty times the amount of software running. The CareBot has an aluminum frame, plastic shroud, two independently driven wheels, multiple sensor systems, microprocessors and several onboard computers connected in a local area network (LAN). The microprocessors directly interact with the sensor systems and transmit data to the onboard computers. The onboard computers each run independent, highly specialized cooperative/subsumptive artificial intelligence (AI) software programs, GeckoSavants™, which interact to complete tasks in a timely, intelligent and common sense manner. GeckoNav™, GeckoChat™ and GeckoTrak™ are primary GeckoSavants. GeckoNav is responsible for maneuvering, avoiding dynamic and/or static obstacles, seeking waypoints and patrolling. GeckoChat is responsible for interaction with the care-receiver such as answering questions, assisting with daily routines and reminders, and responding to other verbal commands. GeckoTrak, which is mostly transparent to the user, enables the CareBot to maintain proximity to the care-receiver using sensor fusion. The CareBot is an internet appliance that is accessible for remote video/audio monitoring and telepresence.
As predicted in the recent Forbes' article (http://www.forbes.com/2009/09/17/robots-health-care-technology-breakthroughs-telehealth.html), due to the sufficiency and cost effective robustness of GeckoSystems' first product, the CareBot™, near term in home evaluation trials have been recently announced. This conference will enable many industry observers to witness and determine for themselves the proximity to market and consumer acceptance their first product will enjoy.
GeckoSystems' management sincerely regrets the activities of some market makers and clearing houses failing to fill GCKO orders in a timely and legal fashion, seemingly to facilitate their "naked short selling" activities. The investment community should be aware that GeckoSystems' stock transfer agent, Continental Stock Transfer & Trust Company, accepted GeckoSystems as a Direct Registration System (DRS) Participant on July 24, 2009.
DRS provides for the electronic direct registration of securities in an investor's name on the books of the transfer agent or issuer. It allows shares to be transferred between a transfer agent and a broker electronically through the industry's DRS Profile Systems. Historically, investors hold their shares either in "street name" with their broker, or they are "registered shareholders" and have a certificate. Consequently, the Company is in a position, as a DRS participant, to readily identify those parties, hidden prior to DRS participation, engaging in "naked short selling" of GCKO stock.
"Recently it has been brought to management's attention by frustrated potential investors in GeckoSystems, that they were unable to get their GCKO buy orders filled in a timely fashion, if at all. Consequently due to these 'failures to deliver (FTD's),' we have set up a hot line, for the reporting of such instances, as they seem to occur simultaneously with the 'naked short selling' of GCKO stock. We have carefully managed this risk to the degree possible by attaining our trading symbol from a 15c2-11, becoming DTC eligible, and being a DRS Participant. We are appreciative of any support and insights interested parties may provide us by calling our toll free investor hot line number, 1-866-227-3268. We will listen intently and document the difficulties encountered very carefully," reassured Spencer.