CoroWare Announces "DTC Chill" on Its Common Stock Has Been Lifted
October 21 2013 - 9:45AM
Marketwired
CoroWare Announces "DTC Chill" on Its Common Stock Has Been Lifted
KIRKLAND, WA--(Marketwired - Oct 21, 2013) - CoroWare, Inc.
(OTCQB: COWI) announced today that the Depository Trust Company
(DTC), has lifted the "Deposit Chill" on the Company's stock
effective September 26, 2013, and has resumed accepting deposits of
CoroWare's common stock for book entry transfer services. All
deposit restrictions have been removed, and the Company is now once
again fully "DTC Eligible", and has resumed electronic trading of
the Company's common stock.
"We are very pleased about the approval to lift the Deposit
Chill by the DTC. The restoration of our DTC Eligibility was a
great accomplishment by our management team and SEC counsel, who
have been persistent in working with the DTC to lift the Chill
since it was imposed on August 12, 2012," said Lloyd Spencer, CEO
of CoroWare. "We believe the removal of the DTC Chill should
improve the liquidity of our stock and increase the number of
shareholders who want to purchase our stock."
The Company's shareholders will benefit from the additional
choices available to them as a result of this action. The Company
suffered a material contraction in its market capitalization during
the period of the DTC Chill.
About CoroWare
Headquartered in Kirkland, Washington, CoroWare is a solutions
integrator with expertise in affordable and open mobile robotics
and enterprise data analytics.
CoroWare is recognized as an innovative mobile robotics
solutions integrator in the research community because of its
expertise in Robot Operating System (ROS), robotics simulation, and
robotics application development. CoroWare's CoroBot product
line has been shipped to over 90 corporate and academic researchers
in over 25 countries worldwide.
For more information on CoroWare and its products and services,
please visit www.coroware.com.
Safe Harbor Statement: This press release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Act")
(http://www.sec.gov/about/laws/sea34.pdf (Sec.21E p. 223).
In particular, when used in the preceding discussion, the words
"believes," "expects," "intends," "plans," "anticipates," or "may,"
and similar conditional expressions are intended to identify
forward-looking statements within the meaning of the Act, and are
subject to the safe harbor created by the Act. Any statements
made in this news release other than those of historical fact,
about an action, event or development, are forward-looking
statements. Forward looking statements involve known and unknown
risks and uncertainties, which may cause the Company's actual
results in future periods to be materially different from any
future performance that may be suggested in this release. CoroWare
takes no obligation to update or correct forward-looking
statements, and also takes no obligation to update or correct
information prepared by third parties. The names of actual
companies and products mentioned herein may be the trademarks of
their respective owners.
Investor Relations Contact: Shanna Gerrard CoroWare, Inc.
investor@coroware.com (800) 641-2676,
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