BELLEVUE, WA--(NewMediaWire - May 9, 2016) - CoroWare,
Inc. (OTC PINK: COWI) announced today that it will further
delay filing its annual report on Form 10-K for the fiscal year
ended December 31, 2015.
Based upon current estimates and assuming no change in the
current status of our efforts, we anticipate that the Company will
file its Fiscal Year 2015 annual report on Form 10K within the next
two weeks.
On March 31, 2016, the company filed a Form 12b-25, Notification
of Late Filing, with the Securities and Exchange Commission (the
"SEC") regarding its delayed Form 10-K due to the need to complete
all steps and tasks necessary to finalize its annual financial
statements and other disclosures.
On April 14, 2016, the company announced that it would delay
filing its Fiscal Year 2015 annual report on Form 10K.
The company has notified OTC Markets that it will further delay
filing its annual report on Form 10-K, at which time the company
will regain compliance with OTC Market's requirements.
The delayed filing has no impact on CoroWare's business
operations.
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; and mobile robot platforms for
university, government and corporate researchers
CoroWare's customers are located in North America, Europe, Asia
and the Middle East, and span multiple industry sectors - including
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. The ability of the Company to complete
and file its Fiscal Year 2015 annual report on Form 10K relies on
third parties to complete their activities. 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.