BELLEVUE, WA--(NewMediaWire - Mar 17, 2016) - CoroWare, Inc. (OTC
PINK: COWI) today provided guidance for its first quarter
2016 gross revenues.
The Company expects to report first quarter 2016 gross revenues
of over $1.4M, and year-over-year growth of over 75% compared with
gross revenues reported in the first quarter of 2015. The
revenue guidance is based on unaudited Company fourth quarter 2016
financial statements.
"CoroWare's continued recovery has been the result of repeat
customer engagements, including the delivery of supplier support,
desktop support, and R&D support and marketing support
services," said Lloyd Spencer, president and CEO of CoroWare,
Inc. "In fiscal year 2016, CoroWare is working toward a goal
of reaching $10 Million in gross revenues, improving operational
efficiency, and achieving sustainable profitability."
To support this growth, CoroWare's Business Consulting Services
Group continues to seek qualified individuals for a number of open
supplier service desk support, marketing specialist, and R&D
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.