*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 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 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 results.
Phone: (866) 793-1110
COREwafer Industries Inc.
Teresa McWilliams, 866-793-1110
Source: COREwafer Industries Inc.