GeckoSystems Intl. Corp. (GOSY)

[Chae]

"While we cannot presently disclose the name of the possible Chinese partner at this time as it is restricted by NDA, discussions have been moving ahead in a very amicable and positive atmosphere so far. Mr. Spencer has been supporting this project strongly and he considers this possible Chinese JV as GeckoSystems' strategic advance into the wheelchair production center of the world," stated Mr. Hajime Yasumatsu, Chairman, Yasu, Inc.

"Our Asian Business Development Consultant, Mr. Yasumatsu and his business associates in Beijing, China and Tokyo, Japan are having continuing discussions with a Chinese wheelchair manufacturer concerning a joint venture in China. We will continue to update our stockholders on the progress of these talks in a timely manner," stated Martin Spencer, CEO, GeckoSystems.