SOURCE: Wall Street News Alert

Wall Street News Alert

September 10, 2009 08:33 ET

Wall Street News Alert: Stocks This Morning: GeckoSystems Intl. -- September 10, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding

WESTON, FL--(Marketwire - September 10, 2009) - Wall Street News Alert's "stocks to watch" this morning are: GeckoSystems Intl. Corp. (PINKSHEETS: GCKO), Lockheed Martin (NYSE: LMT), Honeywell (NYSE: HON) and General Dynamics (NYSE: GD).

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There is breaking news coming GeckoSystems Intl. Corp. (PINKSHEETS: GCKO). Yesterday after the markets closed the company issued a press release announcing that a major, international defense contractor with over eighty years of serving the needs of our military, has submitted a request for quote (RFQ) for a CareBot™.

The press release states that in doing so, this prestigious defense contractor demonstrated substantive interest in assessing the fit of GeckoSystems' suite of mobile robot solutions into present and future "unmanned systems" either in their present production or on their drawing board. 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™."

Martin Spencer, President/CEO of GeckoSystems, stated: "All of us here at GeckoSystems are excited about this development. Due to the nature of the upcoming discussions I feel it is in the best interest of all parties involved to withhold the name of this notable defense company at this time. However, we are certainly pleased with the background and experience of their program manager that contacted us and expressed demonstrable interest in assisting us in securing government contracts congruent with their strategic interests.

"The receipt of this RFQ is something that has been in the works for several years and is now coming to what could be an extraordinarily profitable culmination. I believe their interest in us is due to not only our flagship product, the automatic self-navigation software, GeckoNav™, but also the reality that we are world leaders in developing low cost sensor fusion systems appropriate for unmanned systems, such as GeckoOrient™, our CompoundedSensorArray™, etc.

"The cost saving benefits for this, and other defense contractors of GeckoSystems' suite of mobile robot technologies will generate multiple revenue streams for GeckoSystems in the form of licensing, royalties, training, etc. I expect the synergies in our cooperation to result in distribution into the domestic and international defense markets. As one would expect, increased licensing fees and reoccurring revenue streams will enable a better ROI for our stockholders," observed Spencer.

The stock closed yesterday at under a Penny a share.

For an in-depth profile of GeckoSystems Intl., visit

Lockheed Martin (NYSE: LMT) down 1.4% on 7.2 million shares traded. Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Honeywell (NYSE: HON) up 1.6% on 6.5 million shares traded. Honeywell International ( is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials.

General Dynamics (NYSE: GD) down 1.1% on 3 million shares traded. General Dynamics, headquartered in Falls Church, Virginia, employs approximately 92,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.

Market Commentary:

Oil prices pushed higher for a second straight day as the dollar continued to weaken and as investors waited for the outcome of an OPEC meeting that is expected to result in no change in production levels. Benchmark crude for October delivery climbed $1.16 to $72.26 a barrel on the New York Mercantile Exchange.

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