Cindi Walters is the founder and president of Chapman Walters Intercoastal Corporation (CWIC), a corporation which develops and manufactures diving, snorkeling and recreational aquatics equipment. She took over bankrupt Sea Pro, a California-based water sports equipment manufacturer, then broke off to develop Cal Pacific Manufacturing, a scuba equipment manufacturer. Walters served on the Diving Equipment and Marketing Association's (DEMA) Board of Directors from 1989 to 1998 and became the board's first female president from 1994-1995.
In 1996, Walters founded CWIC. The company became a licensee of the water sports brand Body Glove and a licensee of Disney. CWIC also develops products under its own brand name, Fluid Water Sports.
Walters formed a charity, Aqua Angels, which, according to its website, provides "swim lessons, hydro therapy, and water safety instruction to special needs" children, which was founded in Orange County, but moved to the East Bay of San Francisco.