*Company’s Growth and Sequential Increase in Revenue
HOLLYWOOD, Fla.--(BUSINESS WIRE)--
COREwafer Industries, Inc. (PINKSHEETS: WAFR) a merger and acquisition
holding company that operates, manages and develops its wholly owned
subsidiaries including the WAFR owned subsidiary, Core Wafer Systems,
Inc. ("CWS"), the creator of proprietary software with installations
worldwide, announced today the completion of their audit to become a
fully reporting SEC Company and issues additional updates regarding the
completion of WAFR’s audit for the two years ended December 31, 2013 and
Ms. Teresa McWilliams, Chief Financial Officer of COREwafer, commented,
"Our plan is to complete the process of becoming an SEC Exchange Act
reporting Company as quickly as possible. We are working around the
clock to ensure shareholder value and get our Form 10 ready for
submission. We've discussed our plans and the timeline with the partners
of the audit firm and they are onboard. And, we are pleased to have them
retained as our official auditor of record. WAFR has also formally
engaged SEC securities counsel, completing the team, to get the filings
done for the up-listing of WAFR to the OTCQB."
McWilliams continued, "Additionally, we have numerous acquisition
opportunities, in front of us, once we complete the up-listing. We have
been in communications with several target companies so that when we
complete the filing process and up-list to the OTCQB we'll be prepared
to execute our growth strategy to create shareholder value by bringing
millions in annual revenue and profits."
Earlier today the Company reported its holdings for 2012-2013. WAFR’s
future plans include sequential quarterly topline increases in revenues
and anticipate reporting a quarterly profit once the Company files its
full results as an OTCQB company.
About COREwafer Industries
COREWAFER INDUSTRIES, INC. (WAFR) is a
holding company headquartered in Hollywood, FL, that currently operates
and manages subsidiary companies. The goal of WAFR is to strategically
acquire businesses with strong growth potential and a solid business
plan in the software and technology industries. For information, visit www.corewaferindustries.com.
CORE WAFER SYSTEMS, INC. (CWS), the wholly owned subsidiary and Flagship
Company of COREwafer Industries, Inc. (WAFR), creates proprietary
software, software algorithms, and hardware used in the testing and data
mining of the most commonly used computer hard drives, memory, and
magnetics; as well as other advanced magnetics, semiconductor and
nanotechnology-based device components. For more information, visit www.corewafer.com.
This release may contain "forward-looking statements," within the
meaning of Section 27A of the Securities Act of 1933, as amended, and of
Section 21E of the Securities Exchange Act of 1934, as amended, and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Those statements include statements regarding the intent, belief, or
current expectations of COREwafer Industries, Inc. and members of its
management, as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks
and uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. Important factors
currently known to management that could cause actual results to differ
materially from those in forward-looking statements include fluctuation
of operating results, the ability to compete successfully in its market
segment, and the ability to complete some or all of the before-mentioned
transactions. The company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events, or changes to future operating
COREwafer Industries Inc.
Teresa McWilliams, 866-793-1110
Source: COREwafer Industries Inc.