U.S. and World Newswire : Business : Mergers and Acquisitions News

International Shoe Manufacturing Corporation Completes Acquisition of GeckoSystems, Inc

Published: Thu, 12 Oct 2006, 16:22:00 EDT

Edited by Christopher Simmons

WASHINGTON, D.C. - Oct. 12 (SEND2PRESS NEWSWIRE) -- International Shoe Manufacturing Corporation (OTC: ISHO / ISHO.pk) announced today that they have completed the acquisition of GeckoSystems, Inc. (GKSY / GKSY.pk). GeckoSystems, based in Conyers (Atlanta), Georgia, is now entering its ninth year of business. GeckoSystems is a dynamic leader in the Robotic Industry revolutionizing the development and usage of mobile robot solutions for safety, security and service(TM).

GeckoSystems' mobile service robots are capable of automatically self-navigating the home, office, or business. They can patrol or carry out other designated errand running tasks without human assistance or intervention. To accomplish these benefits, GeckoSystems has developed a suite of proprietary, fundamental technologies called "basebot" technologies.

These scientifically developed, tested and proven hardware and software technologies enable the practical, cost effective manufacture, sale and usage of mobile service robots in a variety of environments. Utilizing these basebot technologies, the robots respond intelligently, without human intervention, to dynamic environments and accomplish useful tasks such as automated patrolling, remote care giving and/or remote monitoring for use by consumers and civilian or military organizations.

"The economic and societal impact of these technologies will change our lives for the good. We are very excited about acquiring GeckoSystems, Inc. and being involved in helping to create a better twenty-first century tomorrow. In addition, we believe their unique robotic technology will significantly add value and increase the profits for our shareholders," stated Martin Spencer, Chairman/CEO of International Shoe Manufacturing Corporation.

"The acquisition by International Shoe Manufacturing Corporation will enable GeckoSystems to effectively communicate the facts to the mainstream public. GeckoSystems has a plethora of breakthrough technology announcements to unveil. It will enable us to distribute our suite of robotic technologies to a much broader market which is conservatively estimated to be in the billions of dollars. In conclusion, this acquisition increases the potential and rewards to investors of both companies," stated George MacLeod, Sr. Vice President of Business Development for GeckoSystems, Inc.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.


Contact:
For more information visit
www.geckosystems.com

or Contact:
Investor Relations 1-866-843-2775

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