PUT WAFR ON YOUR RADAR RIGHT NOW!
COREwafer Industries, Inc.
1801 Polk Street
Suite 2677
Hollywood, FL 33022
corewaferindustries.com
CoreWafer announced back in February its yearly review and certain other material events for 2013.
Looking back, 2013 was a year of transformation and transition which included four key areas of priority; reestablishing our Mission Statement/Strategy, restructuring our debt, finding investors and structuring the board. The new structure had to be capable of achieving known objectives as well as responding to the market demands, often with short turn-around timeframes. It was also a year of unexpected challenges resulting in delays in the regeneration and marketing of our end-of-life products, and major funding needed for growth and operations.
Board of Directors
COREwafer also expanded its board of directors to 7 members, including the recent additions of Teresa McWilliams, Dale Churchill and Jerald Wrightsil positioning COREwafer Industries with strong guidance and expertise to better deal with the growth and diversification of a company dealing in emerging markets.
Management Team
The board of directors appointed Cyril Moreau as chief executive officer and president, following the resignation of Gary Polistena. Stepping into the CEO and president roles along with his position on the board will help facilitate leadership continuity as the company continues to navigate through this period of transformation. Cyril possesses decades of software and technology leadership and management expertise which is ideal for ensuring the smooth and orderly execution of the company's strategic plan.
Chief financial officer, Teresa McWilliams, extended her term with the company for another two years until May 31, 2015 and assumed additional responsibilities as the corporate secretary.
Material Events
During the second half of the year the company was notified about a number of law suits and legal actions being taken against the previous President/CEO of its wholly owned subsidiary, Core Wafer Systems, resulting in joint legal actions against both COREwafer Industries and Core Wafer Systems, Inc. The company is taking every measure to defend itself against these and possible future incidents as a result of past and present actions of CWS' past president/CEO.
In addition to the law suits, the company discovered there is approximately $3.4 M in debt owed by its wholly owned subsidiary, CWS, which was hidden from and otherwise undisclosed to company officials and consultants during and after the merger. The company is working diligently to authenticate and/or dispute these liabilities which include approximately $322k owed for unpaid payroll taxes and $3.1 M in defaulted short term promissory notes, accounts payable and judgments.
In October the company entered into a Debt Purchase Agreement and increased its authorized common and preferred stock to 775M shares in order to eliminate a portion the company's overall debt.
COREwafer Industries, Inc. 2014 Outlook
According to the 2014 outlook reports for the Technology and Semi-Conductor sectors, 2014 will show a growth of 4% to 7% which confirms our strategy for both our software offers in the semiconductor testing sector and our acquisition strategy into the technology sector. Economists agree that the Asian and US market will grow and the European market will still face obstacles, this is why we will continue to concentrate our efforts in the US and Asia while we will re-visit the European market through the end of the year.
We have created the following slogan to summarize our objectives for 2014
"Achieve Our Targets by Treating Challenges as Opportunities"
Operating under this slogan, WAFR's areas of emphasis in 2014 are as follows:
- Further strengthening of financial results (Cash flow, reduce debt, increase revenue, finalize funding)
- Growth as a key player in the semiconductor sector with the re-launch of our software
- Improve customer satisfaction
- New acquisition(s) in the Technology sector
- Up listing to the Amex marketplace
COREWAFER INDUSTRIES, INC. (WAFR) is a holding company headquartered in Hollywood, FL, that currently operates and manages two 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"), - creates proprietary software, wafer level reliability testers 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 magnetic, semiconductor and nanotechnology-based device components.
- Northeast Expedite Logistics, LLC ("NEEL") a provider of global logistics services utilizes the services of non-exclusive agents for the delivery of goods. We provide foundational shipping and coordination services between suppliers and destination businesses and warehouses, and we operate efficiently through cloud based tracking and E-logistics.
The goal of COREwafer Industries, Inc. is to strategically acquire businesses with strong potential growth and a solid business plan in various industries including software and technology.
CORE WAFER SYSTEMS, INC. (CWS), the wholly owned subsidiary and Flagship Company of COREwafer Industries, Inc. (WAFR), creates proprietary software, software algorithms, and hardware that is 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.
Markets
Manufacturing Functions
Process R&D
Technology Development and Qualification
Production Ongoing Reliability Validation
Package-level Reliability and
Wafer-level Reliability
Semiconductor Technologies
Si MOS and Bipolar
Nonvolatile Memory
III-V Reliability
RF and Microwave Reliability
Photonic Device Reliability
Advanced Technology Reliability
OLED and Organis semiconductor
Nanotechnology Electronics
All eyes on WAFR right now! |
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Pink Sheets: WAFR
Market Value:
a/o Jul 11, 2014
Shares Outstanding
7,219,170,011 a/o Mar 31, 2014
Float
830,093,299 a/o Mar 28, 2014
Authorized Shares
9,000,000,000 a/o Mar 28, 2014
Par Value
0.001
Shareholders of Record:
210 a/o Mar 28, 2014
Transfer Agent:
Registrar & Transfer Co.
RECENT NEWS:
COREwafer Industries Inc Launches New Websites; Developed in Partnership With Equisolve Website Solutions
COREwafer Industries, Inc. Announces Its 2013 Year in Review and Material Events
KEY EXECUTIVES:
Cyril Moreau
CEO
President
Teresa McWilliams
CFO, Secretary, Treasurer
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