NEW YORK, Oct.. 25, 2012 /PRNewswire/ -- COREwafer Industries, Inc. (OTC Pink: WAFR) reports that the merger filings, related to the acquisition of Core Wafer Systems, Inc., a technology leader in semiconductor testing, have been sent to the State of Nevada and the State of New York.
The acquisition process is near completion, and shareholders will be able to view the filings once the State of Nevada and the State of New York accept and process the filings.
Gary Polistena, CEO of COREwafer Industries, also comments on these events, "We have closed this chapter in our company's history. The merger process is near completion. We will now focus on business plan execution and will update everyone on our progress against previously announced projects, contracts, and company's futures. We will integrate Core Wafer Systems into our financials and will continue forward with expanding business through existing efforts, using our $10M line of credit, filing the registration statement on Form S-1 and seeking listing on a higher exchange."
About COREwafer Industries, Inc.
COREwafer Industries, Inc. (OTC Pink: WAFR.PK) is currently the parent company of North East Expedite Logistics, a Transportation company; and the parent of Core Wafer Systems, Inc., a technology leader with their propriety measurement schema for physical phenomena of semiconductor structures.
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This press release contains forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as its future results of operations and financial condition. Such risks include, but are not limited to, the effects of competition with existing enterprises and/or new entrants into the company's markets and industries, fluctuations in currency exchange rates, domestic and global economic conditions generally, the company's ability to obtain financing and attract suitable personnel where required to fully implement its business plan, the adoption and acceptance by the marketplace of the company's technologies and product and service offerings, the possibility of new technologies that are competitive with the company's planned product and service offerings and the effects of future political and economic developments both in the United States and abroad, among others. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of information, future events or otherwise.
SOURCE COREwafer Industries, Inc.