SOURCE: International Shoe Manufacturing Corporation

October 13, 2006 09:10 ET

International Shoe Manufacturing Corporation Appoints Former Hughes Aircraft Executive as Chief Executive Officer and President

WASHINGTON, DC -- (MARKET WIRE) -- October 13, 2006 -- International Shoe Manufacturing Corporation (PINKSHEETS: ISHO) has appointed Mr. R. Martin Spencer as President and Chief Executive Officer. Mr. Spencer has extensive experience in senior and executive management roles encompassing sales, marketing, finance, and business development in the areas of industrial robotic and consumer electronics.

In prior years, Mr. Spencer was instrumental in financial and strategic planning for several companies and held the positions of Manager of Strategic Planning and Diversification at Hughes Aircraft Corporation and Director of Marketing at Schaefer Magnetics, Inc. He also held the position as Vice President and General Manager of Mid America Audio Group, Inc., a large retail organization specializing in audio equipment. Mr. Spencer holds a B.S. in Mathematics with minors in marketing and physics and an Executive M.B.A. from Georgia State University.

"I am very pleased to accept this appointment with International Shoe Manufacturing Corporation," stated Mr. Spencer. "Having worked in the research and development of robotics for the last twelve years, the recent acquisition of GeckoSystems, Inc. will enable me to utilize my wealth of knowledge and expertise in this field, and allow me to position ISM to capitalize on the opportunities that undoubtedly exist in this unique market. I look forward to driving the company to new growth which will add value and in turn benefit the shareholders," he added.

About GeckoSystems, Inc.

GeckoSystems, Inc. (GSI) is a leading developer of mobile robot solutions based in Conyers, Georgia (metro Atlanta). The company specializes in supplying mobile service robots that automatically self-navigate the home, office, or business for errand running, patrolling, and other useful tasks without human assistance or intervention. Now entering its ninth year of business, GeckoSystems, Inc. has developed a suite of proprietary, fundamental technologies, also called "basebot" technologies. This collection of hardware and software enables the practical deployment of mobile service robots. Utilizing these basebot technologies, our robots respond intelligently to dynamic environments and accomplish useful tasks such as automated patrolling, remote care giving and remote monitoring.

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 company who 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.

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