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CoroWare Effects Reverse Split Of Its Common Stock

KIRKLAND, Wash., July 12, 2012 /PRNewswire/ --  CoroWare, Inc. (OTCBB: COWID) announced today that, on July 6, 2012, it filed a Certificate of Amendment to its Articles of Incorporation (the "Amendment") with the Delaware Secretary of State.

The Amendment effected a 1-for-200 reverse split of its common stock.

The reverse split was announced to the marketplace by FINRA on July 11, 2012, and is effective in the marketplace on July 12, 2012.

The new symbol for CoroWare's common stock on that date is "COWID." The final "D" will be appended as the 5th character of the symbol for 20 business days including the effective date.

About CoroWare Headquartered in Kirkland, Washington, CoroWare is a solutions integrator with expertise in affordable and open mobile robotics; business class video conferencing; and operational business intelligence.  Since 2004, CoroWare has delivered mobile robotics consulting services, solutions, and products to customers worldwide in Europe, Asia, and the Americas. 

CoroWare is recognized as an innovative mobile robotics solutions integrator in the research community because of its expertise in Robotic Operating System (ROS), robotics simulation, and application development.  CoroWare's CoroBot product line has been shipped to over 80 corporate and academic researchers in over 20 countries worldwide.

In 2012, CoroWare was listed in the RBR50 list of robotics companies to watch by Robotics Business Review.  http://www.roboticsbusinessreview.com/site/more_about_the_rbr50

For more information on CoroWare and its 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 is written using forward-looking statements pursuant to the Private Securities Litigation Reform Act of 1995: http://www.sec.gov/about/laws/sea34.pdf (Sec.21E p. 223).

Investor Relations Contact: Shanna GerrardCoroWare investor@coroware.com  (800) 641-2676, option 3

SOURCE CoroWare, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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