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Thursday, September 10, 2015 7:28:22 AM
"Bellevue, WA – September 9, 2015 – CoroWare, Inc. (OTC PINK:COWI) today announced rapidly growing demand for its consulting services business that has resulted in strong revenue growth of over 150% during the first eight months of fiscal year 2015 compared with the first seven months of fiscal year 2014.
“We began this year with ambitious growth plans, and we're well on the way to achieving them,” said Lloyd Spencer, CEO of CoroWare, Inc. “Our long-term consulting services agreements show that customers are responding positively to the capable and innovative consulting services that CoroWare offers.”
Fiscal year 2015 revenue growth for this business segment is attributed to a combination of new and repeat customer engagements, including hardware prototyping and testing, business workflow management, and R&D support consulting services.
“Our businesses are gaining traction and we are upbeat that the coming quarters will bring more opportunities to work with customers across multiple industries,” Mr. Spencer added. “Looking forward, we have laid a strong foundation for growth in this and next year, and we remain focused on bringing innovative solutions to our customers and increased value to our shareholders.”
To support this growth, CoroWare’s Business Consulting Services Group continues to seek qualified individuals for a number of new positions in the Seattle, Washington and Mountain View, California area. Those interested in an exciting and challenging environment that encourages independent thinking, problem solving and growth may visit http://www.coroware.com/our-careers.php .
About Coroware, Inc.(COWI)
Coroware, Inc. (COWI), headquartered in Bellevue, Washington, is a diversified technology and solutions company with expertise in:
Business Consulting Services: R&D engineering services; business process workflow; software architecture, design and development; content management; console, PC and online game production; marketing coordination and management.
Robotics and Automation: Custom engineering such as visualization, simulation and software development; and mobile robot platforms for university, government and corporate researchers
CoroWare's (COWI) customers are located in North America, Europe, Asia and the Middle East, and span multiple industry sectors -- including universities, software and hardware product development companies, and non-profit organizations. For more information, please visit www.coroware.com.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact :
Pam Lagano
Lagano & Associates, Inc.
(800) 641-2676, option 3
plagano@coroware.com
investor@coroware.com
Source: CoroWare, Inc.(COWI) "
Link : http://ih.advfn.com/p.php?pid=nmona&article=68462271&symbol=COWI
From last 8k : "COWI owns 505m shares" :
And nothing in 10km about the absurd "R" word....Yet...
Stock Plans : As of December 31, 2014, CoroWare had four stock compensation plans which provided for the issuance of 505,503,333 shares to employees of CoroWare or our subsidiaries as follows:
Plan Description : Authorized Shares
Remaining Shares
2006 Employee Compensation Plan 3,333
2008 Incentive Stock Plan 200,000,000
2009 Incentive Stock Plan 500,000
2010 Incentive Stock Plan (333-165768) 5,000,000
2012 Incentive Stock Plan (333-171325) 200,000,000
2012 Incentive Stock Plan (333-183512) 50,000,000
2013 Incentive Stock Plan (333-186247) 50,000,000
Total 505,503,333
Stock Options : As of December 31, 2014, we had one active Stock Option Plan known as the 2005 Stock Option Plan. The Plan was approved by our stockholders on November 3, 2006 and authorized the issuance of 66,667 shares of common stock. The Board of Directors on December 31, 2007, cancelled options for 26,367 shares previously granted to current employees prior to that date which were exercisable at various prices and issued 26,367 options to these employees at the closing price as of December 31, 2007, or $3.00. The number of options issued and outstanding under the 2005 plan on December 31, 2014, is 38,164."
Lloyd Spencer - President and CEO -CoroWare
601 108th Avenue NE, Suite 1900 - Bellevue, WA 98004
Phone: (800) 641-2676 / (425) 406-7222 x 756 - Mobile: +1 (425) 633-9476
GLTA
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