GeckoSystems, An AI Mobile Robot Co., Reports First Net Profits
CONYERS, Ga., May 21, 2013 /PRNewswire/ -- GeckoSystems International Corp. (Pink Sheets: GOSY | http://www.geckosystems.com/) is pleased to announce that due to the licensing agreement recently reached, the company forecasts a net profit for the 4th quarter of their fiscal year ending June 30. For over fifteen years GeckoSystems has dedicated itself to development of "Mobile Robot Solutions for Safety, Security and Service(tm)."
GeckoSystems is now forecasting revenues of $200,000 or more before June 30, 2013. This forecast revenue results from the international Joint Venture (JV) licensing agreement recently finalized. GeckoSystems believes that as a result of the due diligence performed by the JV partners and the technical and business experience backing that company, this long sought after licensing agreement provides irrefutable proof of the value of GeckoSystems technology.
"It's taken nearly sixteen years to get us to this point;" reflected Martin Spencer, President and CEO of GeckoSystems International Corporation, "sixteen years and many dedicated engineers and programmers whose goal was to help people live better, more independent lives. We've done a great deal of R&D, alpha testing, market research and business-to-business promotion and now we feel that we have the best and most marketable robotic platform on the market. Our fully autonomous navigation is unequaled as to cost and benefits."
Spencer continues: "We have always believed that Mobile Service Robots (MSR's) have incredible potential for the benefit of humanity in general, but we are especially dedicated to improving the ability of families around the world to take care of their own, their children, the disabled, and the elderly. This licensing agreement and its impact on the profitability of GeckoSystems marks the transition from the pre-revenue Development Stage to the revenue producing, now profitable, Emerging Growth stage. This first joint venture has made us profitable for this quarter.
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