CoroWare Inc (OTCMKTS:COWI) has introduced its Mixed Reality Quick Start program, which combines augmented and virtual reality. The program allows completely new environments to be created, by combination of the real and virtual objects. This also allows for user interaction with these objects, real-time. The company has stated that customers are already excited about the possibilities that this program can bring.
The beliefs of COWI have been further reaffirmed by a recent report from Goldman Sachs. The report claims that virtual and augmented realities would together create a multi-billion dollar industry. Lloyd Spencer, the CEO of CoroWare, pointed out communication experiences as one of the applications, which could benefit through this program. He also expressed his excitement at being a part of the industry, which was going to make these changes possible. It should be noted here that the program is available as a service engagement and costs an estimated starting price of $5,000. The actual price would depend on the customer’s needs.
The program itself tends to offer the services of CoroWare’s team of professionals, in developing and implementing solutions, which involve virtual and augmented reality. Analysts believe that such a program is essential for selling augmented and virtual reality technologies. Furthermore, the program can help businesses develop user experiences, education and marketing programs by taking full advantage of available technologies.
Earlier this month, CoroWare had announced that its board of directors has approved a revised plan, for issuing a total of 10 billion shares of its common stock. The plan is scheduled to be initiated in August 2016. The company further revealed that an estimated 5 billion of these shares would be used as investment, in COWI. This would be done through a Series E offering or through a 506 Private Placement Memorandum. The remaining 5 billion shares would be used for conversion of various debts, upon the management’s decision. The management also issued a guidance stating that it does not expect more than 2.5 billion of these shares to be issued by the end of FY2016.
CoroWare Inc (OTCMKTS:COWI) did not report a change in its share price, despite having a trade volume of 6.99 million, during the July 28 trading session. The stock closed at $0.0001 per share.
Life Clips Inc (OTCMKTS:LCLP) Adds Another Distributor To List For Mobeego
Life Clips Inc (OTCMKTS:LCLP) has announced that it has successfully signed a distribution agreement, with Mr. Checkout Distributors, for Mobeego. Mr. Checkout caters to a total of 35,000 stores, across the country. The stores also look towards the distributor for the next big product in the market. The agreement also marks the latest addition to the long list of distributors, which Life Clips has engaged, to market Mobeego. The CEO of LCLP, Bob Gruder, pointed out that Mr. Checkout was one of the companies responsible for getting the 5 hour energy shots to the market. The company would hope that the distributor can do the same for Mobeego as well.