COREwafer Industries Inc. Continues to Update Shareholders on the Completion of Their Audit to Become a Fully Reporting SEC C...
July 14 2014 - 1:07PM
Business Wire
*Company’s Growth and Sequential Increase in Revenue
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 2012.
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 IndustriesCOREWAFER 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.
Safe Harbor
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
results.
Teresa McWilliamsE-mail:
t.mcwilliams@corewaferindustries.comPhone: (866) 793-1110
COREwafer Industries Inc.Teresa McWilliams,
866-793-1110t.mcwilliams@corewaferindustries.com
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