CONYERS, GA -- March 22, 2017 -- InvestorsHub NewsWire --
GeckoSystems Intl. Corp. (Pink
Sheets: GOSY | http://www.GeckoSystems.com/)
announced today that the stockholders holding majority ownership
are of information and belief that Brown Bros. Harriman and Co.
(BBH) has conspired with Mr. Neil T. Wallace and/or George I.
MacLeod to defraud GOSY shareholders several millions of dollars
and have strengthened that inquiry with the retention of Strauss
& Frost. LLC. For over nineteen years, GeckoSystems has
dedicated itself to development of "AI Mobile Robot Solutions for
Safety, Security and Service(tm)."
In June of 2015, the Companys Officers filed a Racketeering
Influence and Corruption (RICO) lawsuit with the Rockdale County
Superior Court against Neil Wallace, Bette Wallace, the Estate of
Harold Wallace, and Danielle Sims. http://tinyurl.com/qhl3uzu
Last November it was learned that 50,000,000 GOSY shares were
placed in the custody of BBH and despite multiple written requests
and phone calls to senior BBH management, there has been no
response as to the location of these tens of millions of missing
shares. http://tinyurl.com/hc9xrdd
Recently, Continental Stock Transfer & Trust provided their
paper trail that BBH had been sent the missing 50,000,000 shares.
http://tinyurl.com/ml64mqa
Last year, the Acting Under Secretary, Terrorism and Financial
Intelligence, of the Department of the Treasury, Mr. Adam J.
Szubin, submitted this public report:
Excerpts from National Money Laundering Risk Assessment 2015
The term securities fraud covers a wide range of illegal
activities including, among others, affinity fraud, high yield
investment programs, microcap fraud, Ponzi schemes, pre-initial
public offering investment scams, pyramid schemes, insider trading,
market manipulation, and pump and dump schemes. Securities accounts
can be used to originate illicit proceeds through the
implementation of these fraudulent securities trading practices.
Securities fraud is the most common predicate crime for criminal
money laundering cases involving transactions through
broker-dealers. The proceeds of drug trafficking and other crimes
sometimes find their way into brokerage accounts at the layering
stage more than at the placement stage. Most identified cases of
illicit activity in the securities markets relate to some form of
fraud, including securities fraud, identity theft, or embezzlement.
In 2013, the SEC filed 686 enforcement actions, which resulted in
more than $3.4 billion in disgorgement of illicit profits and
penalties combined.
In February 2014, FINRA issued its highest fine to date for AML
violations, fining Brown Brothers Harriman (BBH), a New York-based
investment bank, $8 million, and fined the banks former AML
compliance officer $25,000.342 According to FINRA, BBH did not have
an adequate AML program in place to monitor and detect suspicious
penny stock transactions and file appropriate SARs. FINRA found
that between 2009 and 2013 BBH facilitated transactions in at least
six billion shares of penny stocks, often on behalf of undisclosed
customers of foreign banks in known bank secrecy havens. FINRA
notes penny stocks pose a high risk for fraud because low-priced
securities can be manipulated. BBHs customers generated at least
$850 million in profits through their penny stock transactions.
The complete report may be found at: https://www.treasury.gov/resource-center/terrorist-illicit-finance/Documents/National%20Money%20Laundering%20Risk%20Assessment%20%E2%80%93%2006-12-2015.pdf
The Companys Officers are hopeful that the facts revealed in the
past and present, due to their ongoing Civil RICO lawsuit
investigations --in concert with Strauss & Frosts major legal
initiatives and responses-- will be sufficient for the FBI to
evolve this Civil RICO suit to Criminal status forthwith.
Personally, I take my fiduciary responsibility to our
shareholders very seriously, as I hope we clearly indicate above
summarizing our present perspective of Wallace, MacLeod and BBH.
Despite the reality of the foregoing, we continue to have numerous
ongoing joint venture and/or licensing discussions with those who
share the same interest in using mobile service robots to help
others. I am also pleased that as the Service Robotics industry
begins to offer real products to eager markets our capabilities are
being recognized. We remain completely committed to providing our
1300+ shareholders the ROI they deserve. They can continue to be
confident that we expect to be signing numerous
multi-million-dollar licensing agreements to further substantiate
and delineate the reality that GeckoSystems will enjoy additional
licensing revenues to further increase shareholder value,"
concluded Martin Spencer, Founder/CEO, GeckoSystems Intl. Corp.
About GeckoSystems:
GeckoSystems has been developing innovative robotic technologies
for nineteen years. It is CEO Martin Spencer's dream to make
people's lives better through AI robotic technologies.
In order for any companion robot to be utilitarian for family
care, it must be a "three-legged milk stool."
(1) Human quick reflex time to avoid moving and/or unmapped
obstacles, (GeckoNav(tm): http://tinyurl.com/le8a39r)
(2) Verbal interaction (GeckoChat(tm): http://tinyurl.com/nnupuw7) with a sense of date and
time (GeckoScheduler(tm): http://tinyurl.com/kojzgbx), and
(3) Ability to automatically find and follow designated parties
(GeckoTrak(tm): http://tinyurl.com/mton9uh) such that verbal
interaction can occur routinely with video and audio monitoring of
the care receiver is uninterrupted.
The safety requirement for human quick WCET reflex time in all
forms of mobile robots:
In order to understand the importance of GeckoSystems'
breakthrough, proprietary, and exclusive AI software and why
another Japanese robotics company desires a business relationship
with GeckoSystems, its key to acknowledge some basic realities for
all forms of automatic, non-human intervention, vehicular
locomotion and steering.
1. Laws of Physics such as Conservation of Energy, inertia, and
momentum, limit a vehicles ability to stop or maneuver. If, for
instance, a cars braking system design cannot generate enough
friction for a given road surface to stop the car in 100 feet after
brake application, thats a real limitation. If a car cannot corner
at more than .9g due to a combination of suspension design and road
conditions, that, also, is reality. Regardless how talented a
NASCAR driver may be, if his race car is inadequate, hes not going
to win races.
2. At the same time, if a car driver (or pilot) is tired,
drugged, distracted, etc. their reflex time becomes too slow to
react in a timely fashion to unexpected direction changes of moving
obstacles, or the sudden appearance of fixed obstacles. Many car
"accidents" result from drunk driving due to reflex time and/or
judgment impairment. Average reflex time takes between 150 &
300ms. http://tinyurl.com/nsrx75n
3. In robotic systems, "human reflex time" is known as Worst
Case Execution Time (WCET). Historically, in computer systems
engineering, WCET of a computational task is the maximum length of
time the task could take to execute on a specific hardware
platform. In big data, this is the time to load up the data to be
processed, processed, and then outputted into useful distillations,
summaries, or common sense insights. GeckoSystems' basic AI
self-guidance navigation system processes 147 megabytes of data per
second using low cost, Commercial Off The Shelf (COTS) Single Board
Computers (SBC's).
4. Highly trained and skilled jet fighter pilots have a reflex
time (WCET) of less than 120ms. Their "eye to hand" coordination
time is a fundamental criterion for them to be successful jet
fighter pilots. The same holds true for all high-performance forms
of transportation that are sufficiently pushing the limits of the
Laws of Physics to require the quickest possible reaction time for
safe human control and/or usage.
5. GeckoSystems' WCET is less than 100ms, or as quick, or
quicker than most gifted jet fighter pilots, NASCAR race car
drivers, etc. while using low cost COTS and SBC's
6. In mobile robotic guidance systems, WCET has 3 fundamental
components.
a. Sufficient Field of View (FOV) with appropriate granularity,
accuracy, and update rate.
b. Rapid processing of that contextual data such that common
sense responses are generated.
c. Timely physical execution of those common sense
responses.
-------------------------------------------------------------------------------------------
An earlier third party verification of GeckoSystems AI centric,
human quick sense and avoidance of moving and/or unmapped obstacles
by one of their mobile robots can be viewed here: http://t.co/NqqM22TbKN
An overview of GeckoSystems' progress containing over 700
pictures and 120 videos can be found at http://www.geckosystems.com/timeline/.
These videos illustrate the development of the technology that
makes GeckoSystems a world leader in Service Robotics development.
Early CareBot prototypes were slower and frequently pivoted in
order to avoid a static or dynamic obstacle; later prototypes
avoided obstacles without pivoting. Current CareBots avoid
obstacles with a graceful bicycle smooth motion. The latest videos
also depict the CareBot's ability to automatically go faster or
slower depending on the amount of clutter (number of obstacles)
within its field of view. This is especially important when
avoiding moving obstacles in loose crowd situations like a mall or
an exhibit area.
In addition to the timeline videos, GeckoSystems has numerous
YouTube videos. The most popular of which are the ones showing
room-to-room automatic self-navigation of the CareBot through
narrow doorways and a hallway of an old 1954 home. You will see the
CareBot slow down when going through the doorways because of their
narrow width and then speed up as it goes across the relatively
open kitchen area. There are also videos of the SafePath(tm)
wheelchair, which is a migration of the CareBot AI centric
navigation system to a standard power wheelchair, and recently
developed cost effective depth cameras were used in this recent
configuration. SafePath(tm) navigation is now available to OEM
licensees and these videos show the versatility of GeckoSystems'
fully autonomous navigation solution.
GeckoSystems, Star Wars Technology
http://www.youtube.com/watch?v=VYwQBUXXc3g
The company has successfully completed an Alpha trial of its
CareBot personal assistance robot for the elderly. It was tested in
a home care setting and received enthusiastic support from both
caregivers and care receivers. The company believes that the
CareBot will increase the safety and well-being of its elderly
charges while decreasing stress on the caregiver and the
family.
GeckoSystems is preparing for Beta testing of the CareBot prior
to full-scale production and marketing. CareBot has recently
incorporated Microsoft Kinect depth cameras that result in a
significant cost reduction.
Kinect Enabled Personal Robot video:
http://www.youtube.com/watch?v=kn93BS44Das
Above, the CareBot demonstrates static and dynamic obstacle
avoidance as it backs in and out of a narrow and cluttered alley.
There is no joystick control or programmed path; movements are
smoother that those achieved using a joystick control. GeckoNav
creates three low levels of obstacle avoidance: reactive,
proactive, and contemplative. Subsumptive AI behavior within
GeckoNav enables the CareBot to reach its target destination after
engaging in obstacle avoidance.
More information on the CareBot personal assistance robot:
http://www.geckosystems.com/markets/CareBot.php
GeckoSystems stock is quoted in the U.S. over-the-counter (OTC)
markets under the ticker symbol
GOSY. http://www.otcmarkets.com/stock/GOSY/quote
Here is Spencer's LinkedIn.com profile:
http://www.linkedin.com/pub/martin-spencer/11/b2a/580
Telephone:
Main number: +1 678-413-9236
Fax: +1 678-413-9247
Website: http://www.geckosystems.com/
Source: GeckoSystems Intl. Corp.
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.