CoroWare, Inc. announced that the Company is dramatically changing its strategic focus and will focus its business on the natural resources sector through joint venture partnerships. The Company has signed a Joint Venture Agreement with Beaufort Mining, Inc., owner of Rio Mining Management, LLC, and holder of the Rio Mine permit, located in Wolfe County, Kentucky. The Company has also put forward a plan to appoint new management to operate the joint venture and help develop the Company’s new strategy and direction. The Company intends to establish a Research & Development Joint Venture to pursue these exciting opportunities, including: Developing Coal-to-Carbon Fiber Technologies and other Advanced Materials that can be produced using coal; Extracting REE from spent coal used at power plants or direct from coal seams; Pursuing Department of Energy (DOE) grants related to Coal Advanced Materials and REE extraction methods; and Commercialization of viable products.