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CoroWare Announces New HD Videoconferencing Pricing

REDMOND, Wash., Aug. 17, 2010 (GLOBE NEWSWIRE) -- CoroWare, Inc. (OTCBB:COWI), today introduced a new CoroCall HD videoconferencing pricing plan that will make it even more affordable for small businesses to enjoy the benefits of reliable, multiparty videoconferencing.

Starting at $30 per month, CoroCall is a scalable HD videoconferencing subscription service that includes desktop and room-based videoconferencing, and can connect with traditional videoconferencing room systems. Existing CoroCall customers will be switched over to the new pricing plan beginning on September 1.

"CoroWare's new pricing model will help make reliable HD videoconferencing even more affordable for small and medium sized businesses," said Joshua Sherman, Business Unit Manager for Telepresence at CoroWare. "Our affordable, on-demand HD videoconferencing and desktop sharing service gives customers the freedom of choice to use desktop systems as well as traditional videoconferencing room systems."

Based on Vidyo's multipoint videoconferencing solution, CoroCall multiparty HD videoconferencing connects people using PCs, Macs, and traditional videoconferencing room systems such as Polycom, Cisco-Tandberg and LifeSize Communications. Supporting up to 20 persons in a single videoconferencing meeting, CoroCall also includes desktop and application sharing for all participants, and supports audio conferencing via telephone and Voice Over IP (VOIP).

According to a 2009 research study by Frost & Sullivan (World Visual Communication Managed Services Market, Nov. 2009), worldwide revenues for managed services for visual communications are expected to reach $940M by 2015 with a compound annual growth rate (CAGR) of 162 per cent.

Customers can learn more about the new pricing CoroCall plans and demo programs online at http://corocall.coroware.com/content/saving-money , calling CoroWare Sales by calling 1-800-641-2676 option 1, or sending e-mail to CoroWare Sales at sales@coroware.com.

About CoroWare

Headquartered in Redmond, Washington, CoroWare is a solutions integrator with expertise in affordable HD videoconferencing, business applications, and mobile robotics. For more information on CoroWare's products and services, please visit www.coroware.com .

The names of actual companies and products mentioned herein may be the trademarks of their respective owners. This press release was written using forward-looking, business statements pursuant to the Private Securities Litigation Reform Act of 1995: http://www.sec.gov/about/laws/sea34.pdf (Sec. 21E p. 223).

CONTACT:  CoroWare, Inc. 
          Press Contact: 
          Joshua Sherman 
            (800) 641-2676, x747
            jsherman@coroware.com
          Investor Relations Contact:
          Lloyd Spencer
            (800) 641-2676 x704
            investors@coroware.com

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