CoroWare Announces Executive Management Promotions

Jon Mandrell Appointed VP and Given Director Seat; Lloyd Spencer Appointed CEO


REDMOND, Wash., March 17, 2009 (GLOBE NEWSWIRE) -- CoroWare, Inc. (OTCBB:CROE) announced today that Jon Mandrell has been promoted to Vice President and appointed a seat on the Board of Directors of CoroWare, Inc. The CoroWare Board of Directors also made official the Chief Executive Officer position of Lloyd Spencer who has served as interim CEO since January of 2008.

Mandrell still serves as director of Robotics and Automation for CoroWare Technologies, a CoroWare, Inc. subsidiary. He oversaw the release of the CoroBot and ClassPack product lines and established long-term professional services engagements with tier 1 customers.

Before coming to CoroWare, Mandrell was senior firmware architect for Vixel and Emulex Corporation, a producer of Fibre-Channel switches and hubs, where he was responsible for specifying processes and tools to be used on development projects, as well as managing requirements and high-level software architecture issues for products. He also worked as project engineer and team lead at Medtronic Physio-Control Corporation, as a consultant for Cyber Safe Corporation, and as a software engineer for Performance Dynamics, Applied Microsystems Corporation, and Peripheral Technology Inc., respectively.

"We are pleased to welcome Jon as a member of the Board of Directors of CoroWare. He has shown great dedication to the company over the last three years," said Chuck House, Chairman. "In addition, Lloyd stepped up to the plate last year as interim CEO, and we are proud to make his appointment official. Together, he and Jon have been the driving force behind the company's success and continued growth in spite of the difficulties posed by economic conditions worldwide."

Spencer, who founded CoroWare Technologies in 2003, was named interim Chief Executive Officer on January 28, 2009 following the death of former CEO, Gene Gartlan.

For more information about CoroWare's leadership team, please visit www.coroware.com/leadership.

About CoroWare

Headquartered in Redmond, WA with employees and partners around the world, CoroWare Technologies is a company built on integrity, ingenuity, and good old-fashioned hard work. CoroWare specializes in providing communication and automation products and services to optimize the technology investments of enterprise customers. Offering a broad spectrum of customized customer-focused solutions, including telepresence, robotics development and IT lab management, CoroWare combines the flexibility of a small company with international resources to design the right-sized solution at the right price. CoroWare's experts understand the challenges companies face to keep business running smoothly, meet project deadlines, implement innovative ideas and stay within budget. Visit www.coroware.com to learn more.



            

Contact Data