July 7, 2008 – CoroWare announced that Gary McNear and Craig Conklin resigned from the Board of Directors effective immediately. In addition, Linda Robison resigned from her positions of Corporate Secretary, Interim Chief Financial Officer and Corporate Counsel. All of their valuable contributions to Innova Holdings and CoroWare during their tenures are sincerely appreciated by the Board of Directors and management. “The Board of Directors and I thank Mr. McNear, Mr.
Conklin and Ms. Robison for their many contributions and years of service to the Company,” said Lloyd Spencer, Interim CEO of CoroWare, Inc. Martin Nielson, who currently serves on CoroWare’s Board of Directors, was appointed Interim Chief Financial Officer of CoroWare. In addition, Jon Mandrell, who serves as Director of the Robotics and Automation Business Unit at CoroWare Technologies, was appointed Corporate Secretary of CoroWare, Inc.These changes will provide CoroWare’s management team with a more streamlined planning process and greater guidance on strategic financing.
CoroWare’s focus will be on business opportunities with greatest benefit to shareholders.
About CoroWare
CoroWare Technologies, a subsidiary of CoroWare, Inc. (CROE.OB), is a systems and mobile robotics integrator that delivers high value services and innovative solutions to maximize technology investments and achieve customers' goals. CoroWare has a depth of knowledge and breadth of experience in developing software and solutions for mobile service robotics and business automation through products that include the CoroBot product line.
