GeckoSystems Intl. Corp. (PINKSHEETS: GCKO)
announced today that its stock is now quoted in the U.S. over-the-counter
(OTC) markets, on the Pink Sheets "Current Information" tier, under the
ticker symbol GCKO. GeckoSystems is a dynamic leader in the emerging mobile
robotics industry revolutionizing their development and usage with "Mobile
Robot Solutions for Safety, Security and Service™."
As a result of having its securities available for trading on the OTC
market, GeckoSystems is able to offer its shareholders ease of trading
through regulated broker-dealers, while providing transparency to its
investors, business partners, and customers.
"By making more company information publicly available as to stock
structure, beneficial owners, etc, GeckoSystems is attempting to foster an
efficient secondary trading market and provide greater understanding of our
business model for investors, advisors, and regulators in the OTC market,"
said Martin Spencer, President/CEO, GeckoSystems. "We hope that our meeting
the Current Information guidelines will allow us to better satisfy the needs
of our stakeholders, by providing high quality disclosure to investors via
Pink Sheets."
The term "OTC securities" is a catchall phrase for any equity security that
is not listed on a U.S. stock exchange. The OTCQX and Pink Sheets
marketplaces constitute, by dollar volume, the third largest U.S. liquidity
pool for trading public company shares, after The NASDAQ Stock Market, Inc.
and The New York Stock Exchange.
In the last three years GeckoSystems secured its trading symbol, GCKO, by
satisfying FINRA's 15c2-11 requirements. Subsequently GeckoSystems became
DTC eligible and a DRS participant to further enhance stockholder liquidity
and value. Now GeckoSystems has satisfied Pinksheets requirements to be
designated: Current Information.
Due to the need for equity financing for high growth firms, GeckoSystems has
worked for over ten years to become fully reporting as soon as financially
viable. In fact, the Company has been successfully audited twice, for two
year periods each, and found to be fully compliant under thorough outside
financial audits prepared by SEC certified CPA firms with the Financial
Accounting Standards Board's (FASB's) generally accepted accounting
principles (GAAP) on both occasions since founding.
"Due to the level of risk inherent in high tech, emerging market Development
Stage firms such as ours, we understand clearly that only equity (not debt)
instruments can provide sufficient return on investment (ROI) for investors
to assume the risk of purchasing any high tech, emerging market stock such
as GCKO stock. Hence our long time efforts in this regard, and determination
to continue our move upward to not only a more pronounced domestic stock
exchange, but also those with international reach, such as OTCQX," observed
Spencer.