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CalBay10Q

02/25/13 7:39 PM

#18504 RE: golfer123 #18503

Lets hope that Revenue Continues to Climb!

KIRKLAND, Wash., Dec. 13, 2012 /PRNewswire/ -- CoroWare, Inc. (COWI) today announced gross revenue guidance of over $375,000 for the fourth quarter ending December 31, 2012 - an increase of over 60 percent compared with gross revenues of $224,136 in the third quarter of 2012. The forecasted growth in revenues is driven by increased sales of both HD video conferencing and mobile robotics products and consulting services.

Increased HD video conferencing sales in the fourth quarter ending December 31, 2012 have primarily included the deployment of Vidyo™-based multipoint video conferencing solutions that uniquely deliver low latency, high definition video conferencing over general data networks and the Internet, using off-the-shelf devices.

Increased mobile robotics sales in the fourth quarter ending December 31, 2012 have included a combination of CoroBot product sales, and custom engineering services for the development of data visualization software and mobile robot hardware for customers in North America and Europe.