CoroWare and The Business Channel Sign Exclusive Telepresence Provider Agreement

Video Profiles Provided by CoroWare Enhance Online Investor Resource

REDMOND, Wash., July 28, 2009 (GLOBE NEWSWIRE) -- CoroWare Technologies, a subsidiary of CoroWare, Inc. (OTCBB:COWI) today announced an agreement to become the exclusive audio and video provider for The Business Channel. Inc. (Frankfurt:S9D), a supplier of news and information on small cap, penny stock and Over-the-Counter (OTC) markets through its website (TBC Today).

Effective immediately, CoroWare will provide The Business Channel telepresence services for recording and updating company profiles and remote news segments via video conference interviews. The audio and video profiles provided by CoroWare will appear as feature profiles on TBC Today's home page.

"We are pleased to be able to enter into this agreement with CoroWare in what we believe to be the most effective, cutting edge technology available in the world of live interactive communication," said John Fleming, CEO of The Business Channel. "CoroWare's Personal Telepresence Service will provide TBC Today with the tools it needs to raise their overall level of performance in delivering small cap business video profiles and news."

Announced in May of this year, CoroWare's Personal Telepresence Service is a high-definition, multi-participant video conferencing tool that can be accessed through broadband Internet. The service is powered by the unparalleled video conferencing technology created by Vidyo(r). Customers can subscribe to monthly service plans customized to fit their needs.

"Using CoroWare's Personal Telepresence Service, we believe The Business Channel has the opportunity to gain a unique edge in its industry," said Lloyd Spencer, CEO of CoroWare. "High-definition video conference interviews will offer their viewing audience a more candid perspective on corporate executives and a more in-depth understanding of their businesses."

About The Business Channel

The Business Channel, Inc., through its website, is an independent electronic publication that provides information on selected publicly traded companies. The Business Channel, Inc. is not a registered investment advisor or broker-dealer. Additionally, The Business Channel, Inc. affiliate is not a registered investment advisor or broker-dealer. Our affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own due diligence before investing in any of the stocks mentioned above.

About CoroWare

Headquartered in Redmond, Washington, CoroWare is a solutions integrator with expertise in personal telepresence and mobile robotics. For more information on CoroWare's products and services, please visit


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