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| WAFR Announces Successful Completion of Audit |
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 Hot Stock to Watch |
Company: COREwafer Industries, Inc. (Pink Sheets: WAFR)
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Volume: 54,314,340 |
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COREwafer Industries Announces Successful Completion of Financial Statement Audit
Independent Audit Conducted for the Two Years Ended December 31, 2013 and 2012
HOLLYWOOD, FL--(Marketwired - Jul 14, 2014) - COREwafer Industries, Inc. (PINKSHEETS: WAFR) (www.COREwaferindustries.com), a holding company whose wholly owned subsidiary, Core Wafer Systems, Inc. ("CWS") is the creator of proprietary software with installations worldwide, announced the successful completion of the audit of its financial statements for the two years ended December 31, 2013 and 2012. The audit was performed by an independent CPA firm registered with the PCAOB (Public Company Accounting Oversight Board). The completed audit report can be viewed at www.pinksheets.com.
The audited financial statements include the operating results and financial position of the Company and its wholly owned subsidiaries Core Wafer Systems, Inc. and Northeast Expedite Logistics, LLC.
As of December 31, 2013, the Company's audited Consolidated Balance Sheet reported total stockholders' deficit of approximately 5,087,000 dollars, an increase of 3,400,000 dollars as compared to the Company's previously announced unaudited statements. The increase resulted from an impairment of goodwill and other intangible assets.
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