Major Intl. German Mfg. Seeks Discussions With U.S. Mobile Robot Co.

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Tue Jun 30, 2009 6:00am EDT

  CONYERS, GA, Jun 30 (MARKET WIRE) -- 
GeckoSystems Intl. Corp. (PINKSHEETS: GCKO) announced today that a major,
multi-billion dollar German manufacturer has extended an important
request to GeckoSystems to meet with their senior management at their
corporate headquarters in Conyers, GA. GeckoSystems is a dynamic leader
in the emerging Mobile Service Robot industry revolutionizing their
development and usage with "Mobile Robot Solutions for Safety, Security
and Service(TM)."

    Martin Spencer, President/CEO of GeckoSystems stated: "As all of us here
at GeckoSystems are excited about this development, due to the nature of
the upcoming discussions I feel it is in the best interest of all parties
involved to withhold the name of the German company at this time. They are
a global Fortune 500 corporation and a leading manufacturer of automotive
technology products, industrial technology, power tools, security
solutions and household appliances with gross international sales in
excess of $46B annually. The upcoming meeting and the potential
outcome(s) of it is due to not only our flagship product, the automatic
self navigation software, GeckoNav(TM), but also the reality that we have
a complete multitasking personal robot, the CareBot(TM), with verbal
interaction capabilities, GeckoChat(TM), and the ability to routinely
follow a designated family member with GeckoTrak(TM)."

    Europeans have their own eldercare crisis. The cost benefits of
GeckoSystems' suite of mobile robot technologies will generate multiple
revenue streams for GeckoSystems in the form of licensing, royalties,
training, and sales of various hardware systems and subsystems.

    "During our upcoming discussions we will be making strategic decisions as
to what they will be licensing and/or purchasing from us and what we will
be purchasing from them and/or their qualified suppliers. We expect the
synergies in our cooperation to result in extensive distribution into the
European market and significant cost reductions in the systems and
subsystems we will be importing from low cost labor regions in Eastern
Europe. As one would expect, manufacture and distribution in the European
markets will enable a better ROI for our stockholders," concluded Martin
Spencer.

    The GeckoSystems' business model is very much like that of an automobile
manufacturer. Due to the final assembly, test, and shipping being done
based on geographic and logistical realities, each business relationship
can range from private labeling to joint manufacturing and/or distribution
to licensing only.

    About GeckoSystems International Corporation:

    Since 1997, GeckoSystems has developed a comprehensive, coherent, and
sufficient suite of hardware and software inventions to enable a new type
of home appliance (a personal robot) the CareBot, to be created for the
mass consumer marketplace. The suite of primary inventions includes:
GeckoNav, GeckoChat and GeckoTrak.

    The primary market for this product is the family for use in eldercare,
care for the chronically ill, and childcare. The primary distribution
channel for this new home appliance is the thousands of independent
personal computer retailers in the U.S. The manufacturing infrastructure
for this new product category of mobile service robots is essentially the
same as the personal computer industry. Several outside contract
manufacturers have been identified and qualified their ability to produce
up to 1,000 CareBots per month within four to six months.

    The Company is market driven. At the time of founding, nearly 12 years
ago, the Company did extensive primary market research to determine the
demographic profile of the early adopters of the then proposed product
line. Subsequent to, and based on that original market research, they have
assembled numerous focus groups to evaluate the fit of the CareBot
personal robot into the participant's lives and their expected usage. The
Company has also frequently employed the Delphi market research
methodology by contacting senior executives, practitioners, and
researchers knowledgeable in the area of elder care. Using this factual
basis of internally performed primary and secondary market research, and
third party research is the factual basis for the Company's sales
forecasts.

    The Company's "mobile robot solutions for safety, security and
service(TM)" are appropriate not only for the consumer, but also
professional healthcare, commercial security and defense markets.
Professional healthcare require cost effective, timely errand running,
portable telemedicine, etc. Homeland Security requires cost effective
mobile robots to patrol and monitor public venues for weapons and WMD
detection. Military users desire the elimination of the "man in the loop"
to enable unmanned ground and air vehicles to not require constant human
control and/or intervention.

    The Company's business model is very much like that of an automobile
manufacturer. Due to the final assembly, test, and shipping being done
based on geographic and logistic realities; strategic business-to-business
relationships can range from private labeling to joint manufacturing and
distribution to licensing only.

    Several dozen patent opportunities exist for the Company due to the many
innovative and cost effective breakthroughs embodied not only in GeckoNav,
GeckoChat, and GeckoTrak, but also in additional, secondary systems that
include: GeckoOrient(TM), GeckoMotorController(TM), the
GeckoTactileShroud(TM), the CompoundedSensorArray(TM), and the
GeckoSPIO(TM).

    The present senior management at GeckoSystems has over thirty-five years
experience in consumer electronics sales and marketing 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
accumulated R&D expenses to date in excess of six million dollars
($6,000,000). In contrast, the Japanese government has spent one hundred
million dollars ($100,000,000) in grants (to Sanyo, Toshiba, Hitachi,
Fujitsu, NEC, etc.) over the same time period to develop personal robots
for their own eldercare crisis, yet no viable solutions have been
developed by them.

    By the end of this year, the Company plans to complete productization of
its CareBot offering with the introduction of its fourth generation
personal robot, the CareBot 4.0 MSR. The Company expects to be the first
personal robot developer and manufacturer in the world to begin in home
eldercare evaluation trials.

    What Does a CareBot Do for the Care Giver?

    The short answer is that it decreases the difficulty and stress for the
caregiver that needs to watch over Grandma, Mom, or other family members
most, if not much, of the time day in and day out due to concerns about
their well being, safety, and security.

    But, first let's look at some other labor saving, automatic home
appliances most of us use routinely. For example, needing to do two or
more necessary chores and/or activities at the same time, like laundering
clothes and preparing supper.

    The automatic washing machine needs no human intervention after the dirty
clothes are placed in the washer, the laundry powder poured in, and the
desired wash cycle set. Then, this labor saving appliance runs
automatically until the washed clothes are ready to be placed in another
labor saving home appliance, the automatic clothes dryer. While the
clothes are being washed and/or dried, the caregiver prepares supper
using several time saving home appliances like the microwave oven,
"crock" pot, blender, and conventional stove, with possible convection
oven capabilities. After supper, the dirty pots, pans, and dishes are
placed in the automatic dishwasher to be washed and dried while the
family retires to the den to watch TV, and/or the kids to do homework.
Later, perhaps after the kids have gone to bed, the caregiver may then
have the time to fold, sort, and put up the now freshly laundered clothes.

    So what does a CareBot do for the caregiver? It is a new type of labor
saving, time management automatic home appliance.

    For example, the caregiver frequently feels time stress when they need to
go shopping for 2 or 3 hours, and are uncomfortable when they have to be
away for more than an hour or so. Time stress is much worse for the
caregiver with a frail elderly parent that must be reminded to take
medications at certain times of the day. How can the caregiver be away for
3-4 hours when Grandma must take her prescribed medication every 2 or 3
hours? If the caregiver is trapped in traffic for an hour or two beyond
the 2 or 3 they expected to be gone, this "time stress" can be very
difficult for the caregiver to moderate. Not infrequently, the primary
caregiver has a 24 hour, 7 days a week responsibility. After weeks and
weeks of this sometimes tedious, if not onerous routine, how does the
caregiver get a "day off?" To bring in an outsider is expensive (easily
$75-125 per day for just 8 hours) and there is the concern that
medication will be missed or the care receiver have an accident requiring
immediate assistance by the caregiver, or someone they must designate.
And the care receiver may be very resistant to a "stranger" coming in to
her home and "running things."

    So what is it worth for a care receiver to have an automatic system to
help take care of Grandma? Just 3 or 4 days a month "off" on a daylong
shopping trip, a visit with friends, or just take in a movie would cost
$225-500 per month. And that scenario assumes that Grandma is willing to
be taken care of by a "stranger" during those needed and appropriate days
off.

    So perhaps, an automatic caregiver, a CareBot, might be pretty handy, and
potentially very cost effective from the primary caregiver's perspective.

    What Does a CareBot Do for the Care Receiver?

    It's a new kind of companion that always stays close to them enabling
family and friends to care for them from afar. It tells them jokes,
retells family anecdotes, reminds them to take medication, reminds them
that family is coming over soon (or not at all), recites Bible verses,
plays favorite songs and/or other music. It alerts them when unexpected
visitors, or intruders are present. It notifies designated caregivers
when a potentially harmful event has occurred, such as a fall, fire in
the home, or simply been not found by the CareBot for too long. It
responds to calls for help and notifies those that the caregiver
determined should be immediately notified when any predetermined adverse
event occurs.

    The family can customize the personality of the CareBot. The voice's
cadence can be fast or slow. The intonation can be breathy, or abrupt. The
voice's volume can range from very loud to very soft. The response phrases
from the CareBot for recognized words and phrases can be colloquial and/or
unique to the family's own heritage. The personality can range from brassy
to timid depending on how the caregiver, and others appropriate, chooses
it to be.

    Generally, the care receiver is pleased at the prospect of family being
able to drop in for a "virtual visit" using the onboard webcam and video
monitor for at home "video conferencing." The care receiver may feel much
more needed and appreciated when their far flung family and friends can
"look in" on them any where in the world where they can get broadband
internet access and simply chat for a bit.

    Why is Grandma really interested in a CareBot? She wants to stay in her
home, or her family's home, as long as she possibly can. What's that
worth? Priceless. Or, an average nursing home is $5,000 per month for an
environment that is too often the beginning of a spiral downward in the
care receiver's health. That's probably $2-3K more per month for them to
be placed where they really don't want to be. Financial payback on a
CareBot? Less than a year- Emotional payback for the family to have this
new automatic care giver? Nearly instantaneous-

    Safe Harbor:

    Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Securities Litigation Reform Act of 1995. The Company intends that such
statements about the Company's future expectations, including future
revenues and earnings, technology efficacy and all other forward-looking
statements be subject to the Safe Harbors created thereby. The Company is
a development stage firm that continues to be dependent upon outside
capital to sustain its existence. Since these statements (future
operational results and sales) involve risks and uncertainties and are
subject to change at any time, the Company's actual results may differ
materially from expected results.

    

Contact:
www.GeckoSystems.com
or
Main number: 1-866-227-3268
International: +1 678-413-9236

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