It has been too long since we last updated our website. My apologies, and no excuses, but just as an explanation: Since we are small, generally less than ten employees, we have very limited resources, as you would expect. Over the last ten years since our founding, in addition to overcoming many very difficult technical challenges, we have had the challenge of raising funds such that we could continue our development of mobile robot solutions for safety, security, and service™.

So while this past year has seen us make several notable additions and improvements to our suite of robotic hardware and software technologies, we have also finally become publicly traded as GCKO on Pinksheets.com. And while our day-to-day attention has been confounded by seeking that goal, now realized, of being publicly traded, we have not had the resources to keep our website as current as we would prefer.

Now that we have achieved this capability, virtually anyone in the world can purchase our freely traded GCKO stock for his or her own personal portfolio. This means that whether you want to invest $50 or $50,000 or even $5,000,000 you can now do so! In my admittedly limited experience, opening a stock brokerage account is similar to opening a checking account, but with more proof of who you are.

In order to achieve this trading status, we interviewed many and selected one stock brokerage firm to sponsor us in our application to FINRA (formerly NASD) for a trading symbol. We had to select an SEC attorney. We had to select a stock transfer agent. We had to satisfy the folks at Pinksheets.com legitimate requirements for all applicants, as to the validity of our organization’s legal structure and standing.

We had to get the legal and administrative processes in place to "lift the legend" from several millions of shares of Rule 144k stock that we have issued over the last ten plus years. We had to get the administrative requirements met for "DTC eligibility." (DTC eligibility enables the electronic trading of stock certificates by eliminating the need for paper based stock ownership transfer transactions. This is very important to us because we have a great many international investors that simply cannot wait for legal documentation to sell or purchase GCKO stock to crawl internationally by way of snail mail.)

One would think that the foregoing could be completed in just a few months. Not so. There are literally dozens and dozens of i's to be dotted and t’s to be crossed. Many of which can only be done by outside government and private agencies, stock brokerages, and legal or accounting firms. This prudent and necessary attention to detail and its veracity is the primary driver in it taking us nearly a year to become publicly traded at Pinksheets.com. Any of you familiar with the "due diligence" process in fundraising no doubt can commiserate.

The MBA I got in 1987 from Georgia State University has been pivotal in our traversing this, at one extreme, a thorny, nearly impenetrable bramble patch, and at the other, a wide barren expanse. I remain very appreciative of the professors and staff at the J. Mack Robinson College of Business at GSU for their patience with, and business education of, this "roboticist."

Now that we are listed and publicly traded, we plan to move up to full SEC reporting status and become listed on either OTCBB, Amex, or Nasdaq this year. This will require an outside audit of our financials to be in full compliance, with no exceptions, to GAAP as defined by FASB. This will be done by an SEC certified CPA firm that is not our regular CPA. We plan to make this move as soon as we have budget for those outside audits and legal work.

On the R&D front, we have improved GeckoNav™ and our CompoundedSensorArray™. We developed the GeckoSPIO™, GeckoOrient™ and GeckoTactileShroud™. We have several press releases planned for the coming weeks and months announcing in greater detail these improvements, new developments and inventions. GeckoTrak™ has seen some development work that we believe will be noteworthy, too.

On the business front, we demonstrated our CareBot™ MSR 3.0 to a Japanese delegation late last year representing the Prefecture of Aichi. By the end of the demonstration, the Japanese representatives acknowledged that our 3.0 was more advanced than any personal robot seen by them, or known to them. (Our 3.0 is about two years old.) We did not demonstrate our 3.4 since we have not been satisfied with GeckoTrak’s reliability. (We expect to be introducing our 3.8 very soon. It will embody all the improvements we have developed in the last two years. Some hobbyists may find the GeckoSPIO (robot controller board) to be of particular interest.)

We believe we have the fundamental solution identified and going in place to satisfy the Japanese government’s new regulations requiring that all personal robots sold in Japan obey Isaac Asimov’s Three Laws of Robotics. This has taken a great deal of time due to the creative problem solving required.

While GCKO continues to be focused on the consumer family care market in the U.S., we have been actively seeking domestic partners in commercial security, professional healthcare, and defense. Internationally we have had discussions with RoboWatch, SIASUN, RoboSoft, Philips, and others. We are particularly pleased with the discussions and promise with SIASUN. You see, the Chinese have an eldercare crisis, too! The "kids" (adult children) of their elderly are working in industrialized cities while "mom and dad" are left behind. Sound familiar?

You may have noted that we have more business-to-business activity internationally than domestically. In Asia and Europe, "second generation robots," "personal robots," or "mobile service robots" are generally perceived as "the next big thing." In the United States, most new, or "hyped" technologies tend to be incremental these days: eg. better picture taking cell phones, brighter LCD HDTV’s, etc.

We find this to be very true since we have been pretty diligent in pursuing business-to-business opportunities with not a lot of success. (Those of you familiar with the sales adoption curve and buyer behaviors understand that businesses tend to be very risk averse. For example, corporate America initially de facto outlawed luggable PC’s from folks like Compaq or Kaypro from being carried ("lugged") into the corporate workplace then dominated by mainframes and dumb terminals. Individual, small practice CPA’s bought the first PC’s for professional use. When they saw the first spreadsheet, VisiCalc, demonstrated, they wrote a check for the entire solution! The increased productivity and value was obvious to them.)

In summary, 2007 was an incredibly busy year for us. And, with continued hard work, focus and tenacity, 2008 will be another breakthrough year! Now that we have access to the public equity markets as GCKO, our long time investors can enjoy a well deserved "liquidity event" for their past investments of time and/or money. I expect many of our past fundraising difficulties to be significantly diminished and our technical achievements to proliferate, initial production begin and sales accelerate as we continue to set up domestic and international distribution channels. All of the foregoing increases return on investment for our many, many stakeholders and investors.

Thank you all very much for your long time support! Let us now "build and sell robots!"

Cordially,
Martin

R. Martin Spencer
Founder/CEO

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