CONYERS, GA -- November 15, 2016 -- 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.
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 Company's 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
Recently it was learned that 50,000,000 GOSY shares were placed
in the custody of BBH and despite a multiple written requests and
phone calls to senior BBH management, there has been no response.
http://tinyurl.com/hc9xrdd
According to Mr. Josh Hutsons LinkedIn profile he received his
graduate law degree from Rutgers University and his undergraduate
degree in business administration from William and Mary. https://www.linkedin.com/in/josh-hutson-614a9b7
Mr. Hutson is BBHs Chief Compliance Officer and a Senior Vice
President.
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
This past week, a GA Superior Court order was secured with the
ongoing RICO lawsuit to access all phone records for the last five
years from one of the defendants, Ms. Danielle Sims. Management
continues to be dismayed regarding BBH present indifference to
their inability to determine where 50,000,000 shares (~24.1% of all
freely traded shares) owned by a long time GOSY shareholder,
went.
As a direct result of BBHs failure to respond in a timely
fashion to the written communication sent to them on Monday of last
week, and market manipulation believed to be executed by Messrs.
George MacLeod and/or Neil Wallace also this past week, GOSY
officers are now of information and belief that BBH continues to
support Mr. MacLeod and/or Wallace in their theft by deception
activities regarding the missing 50,000,000 GOSY freely traded
shares to unjustly enrich themselves, BBH clients and BBH.
The Companys Officers are hopeful that the facts revealed in the
past and present due to their ongoing Civil RICO lawsuit
investigations 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.
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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.