BELLEVUE, WA--(NewMediaWire - Jan 6, 2016) - CoroWare, Inc. (OTC PINK: COWI) today provided guidance for its fourth
quarter 2015 gross revenues.
The Company expects to report record fourth quarter 2015 gross
revenues of over $1.7M, and quarter-over-quarter growth of over 25%
compared with gross revenues reported in the third quarter of
2015. The revenue guidance is based on unaudited Company
fourth quarter 2015 financial statements.
The higher than expected results are due to a combination of new
customer engagements, including the delivery of marketing support
services; and repeat customer engagements, including the delivery
of supplier support, desktop support, and R&D support
services.
"I am pleased to report that CoroWare achieved solid
quarter-over-quarter growth of its contract services and outsourced
managed services," said Lloyd Spencer, president and CEO of
CoroWare, Inc. "In the coming quarter, CoroWare shall be
focusing on improving operational efficiency, achieving
profitability, extinguishing convertible debt, and delivering value
to its shareholders."
To support this growth, CoroWare's Business Consulting Services
Group continues to seek qualified individuals for a number of open
marketing specialist, R&D support, and supplier service desk
support positions in the Seattle, Washington area: http://www.coroware.com/our-careers.php
About Coroware, Inc.
Coroware, Inc., 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, mobile robot platforms for
university, government and corporate researchers.
CoroWare's customers are located in North America, Europe, Asia
and the Middle East, spanning multiple industry sectors. CoroWare
partners with 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.