CoroWare Disputes Claims Made in Article at www.allstocksnews.com

Rhea-AI Summary

CoroWare Inc. (OTC: COWI) has issued a statement addressing false information published in an article by www.allstocksnews.com. CEO Lloyd Spencer emphasized the company's commitment to protecting investors from misinformation, asserting that the claims made in the article are untrue and that CoroWare did not author the press release in question. The company, transitioning into resource reclamation, aims to process organic waste to produce hydrogen and valuable carbon products. For further details, visit www.CoroWare.com.

Positive

• CoroWare is transitioning into a resource reclamation company, focusing on sustainable hydrogen and carbon product generation.

Negative

• The company is currently facing reputational risks due to misinformation in third-party articles.
• Dependence on third parties for completing the Fiscal Year 2016 annual report poses uncertainties.

WOODINVILLE, Wash., Aug. 12, 2021 /PRNewswire/ -- InvestorsHub NewsWire CoroWare Inc. (OTC: COWI) is alerting its investors to an article issued today by www.allstocksnews.com.

"Protecting our investors from false information like this is of great concern," said Lloyd Spencer, chairman and CEO of CoroWare. "There is no truth to the article, and the Company never authored the press release."

About CoroWare Inc.
CoroWare Inc. (OTC PINK: COWI), headquartered in Woodinville, Washington, is in the early stage of transitioning into a resource reclamation company that will process organic wastes and generate economically sustainable hydrogen and high-value carbon products.
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 2016 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.

CONTACT INFORMATION
Mark Duiker
CoroWare Investor Relations
(844) 641-2676, option 3
investor@coroware.com

 

 

View original content:https://www.prnewswire.com/news-releases/coroware-disputes-claims-made-in-article-at-wwwallstocksnewscom-301354722.html

SOURCE CoroWare Inc.

FAQ

What is the recent statement from CoroWare regarding misinformation?

CoroWare issued a statement on August 12, 2021, disputing false claims made in an article by www.allstocksnews.com.

What is COWI's business focus as stated in the press release?

CoroWare is transitioning to a resource reclamation company, processing organic wastes to generate sustainable hydrogen and high-value carbon products.

Who is the CEO of CoroWare and what did he say about the false information?

Lloyd Spencer, the CEO of CoroWare, stated that protecting investors from false information is a priority and denied the claims made in the article.

What challenges is CoroWare facing as of August 2021?

CoroWare is dealing with reputational risks from misinformation and potential delays in filing its Fiscal Year 2016 annual report due to reliance on third parties.