CoroWare Provides Update on Status of Late Form 10-K Filing

BELLEVUE, WA--(Marketwired - Apr 16, 2014) - CoroWare, Inc. (OTCQB: COWI) (http://www.coroware.com/) announced today that it continues to work to file its Form 10-K for the year ended December 31, 2013 upon final approval from its auditor.

Form 10-K is an annual report that publicly traded companies are required to file with the U.S. Securities and Exchange Commission (SEC), which provides a comprehensive overview of a company's business and financial condition and includes audited financial statements, according to the SEC website.

CoroWare previously disclosed, in another form it recently filed with the SEC, that it is unable to timely file its Annual Report on Form 10-K because of the additional time required to complete its audit testing and assessment.

CoroWare's common stock will continue to be listed on the OTCQB, but will trade under the symbol "COWIE" beginning on April 17, 2014; the appended "E" signifies the company's late filing status and will be removed when the company files its Annual Report on Form 10-K.

About CoroWare Headquartered in Bellevue, Washington, CoroWare is a solutions integrator with expertise in IT consulting, software development and testing services; business intelligence solutions and consulting services; and affordable and open mobile robotics solutions for customers in the Americas, Europe and Asia.

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 CoroWare, Inc. investor@coroware.com (800) 641-2676, option 3

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