Marijuana Business Association Welcomes CoroWare as Corporate Sponsor
April 30 2014 - 9:55AM
Marketwired
Marijuana Business Association Welcomes CoroWare as Corporate
Sponsor
CoroWare Launches Subsidiary to Develop Business Intelligence
Solutions for the Regulated Cannabis Industry
BELLEVUE, WA--(Marketwired - Apr 30, 2014) - CoroWare, Inc.
(OTCQB: COWIE) announced today that it has joined the Marijuana
Business Association (MJBA) as a corporate sponsor and has launched
a new business initiative and subsidiary corporation that is
focused on developing business intelligence and data analytics
software and services for the legal cannabis industry.
"The Marijuana Business Association is pleased to have CoroWare
as a Corporate Sponsor," said David Rheins, CEO and Co-Founder of
MJBA. "The breakneck speed at which the legal cannabis
industry is growing means that its business participants have an
urgent need for reliable business intelligence and data analytics.
We are thrilled to be working with CoroWare, and together look
forward to establishing best business practices and actionable
market data and insights for this exciting emerging industry."
In support of this initiative, CoroWare launched a new
subsidiary, CoroBIDA Technologies, that will develop business
intelligence and data analytics software and solutions for the
regulated cannabis industry. CoroWare and CoroBIDA
Technologies will not grow, harvest, distribute or sell cannabis or
any substances that violate United States law or the Controlled
Substances Act, nor does it intend to do so in the future.
"This new initiative builds upon CoroWare's investments in
business intelligence and data analytics," said Lloyd Spencer,
president and CEO of CoroWare. "CoroBIDA Technologies' solutions
will help producers, processors and retailers gain greater
visibility into the legal cannabis industry and help them optimize
their business operations and investments."
Availability of CoroBIDA Technologies' business intelligence and
data analytics solutions will be announced later this year.
About The MJBA:
The Marijuana Business Association (http://mjba.net) is a
member-driven trade organization serving the recreational
marijuana, medical cannabis and industrial hemp markets. The voice
of legal marijuana in America, MJBA's online publications and
engagements serve 1,000,000+ Consumer and MJ B2Business readers
monthly.
MJBA Mission
To establish integrity and legitimacy create common market
standards, provide market intelligence, and develop best ethical
business practices for participants in the emerging legal marijuana
industry -- including commercial hemp, medical marijuana and
recreational marijuana for adults.
About CoroWare
Headquartered in Bellevue, Washington, CoroWare is a solutions
integrator with expertise in business intelligence solutions and
consulting services; IT consulting, software development and
testing 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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