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COREwafer Industries, Inc. (PINKSHEETS: WAFR) ("COREwafer Industries"), a holding company for the creator of 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, held its first conference call presentation under the leadership of its new CEO, Cyril Moreau. You can check out the entire transcript of the call here. Below are areas that were of focus in the prepared presentation and Q&A session.
Recent Accomplishments: During the last 30 days, since the hiring of a new CEO, the Company added to its board of directors, selected and engaged professionals to enhance our website and global image; to complete the process of filing Form 10 for up listing; rescinded its REF agreements with AGS Capital Group, LLC and has entered into discussions with other groups for more favorable capital funding.
Products and Development: Our wholly owned subsidiary, Core Wafer Systems, Inc. currently has 6 products ready for market even though upgrade(s) and new features are mandatory to answer the market and customers' base demands. The current focus is on upgrades to three of those products for which we have selected an outsource development team. Timing for completion is of course dependent on the funding has been procured.
Marketing and Sales Strategy: We are currently developing our sales and marketing team. In order to minimize the cost and to speed up the process, we will build partnerships with a few firms already active within our sector to cover the US and Asia markets, and then Europe. We will use additional firms expert in this domain to market our company and products more efficiently.
New Partnerships and Key Resources: We have already selected a group of professionals who will manage shareholder relations and communication; an independent web designer; and, a group to oversee the completion of the audits and preparation and filing of the SEC Form 10. We are currently in discussions with others regarding product development and marketing/media, to mention a few. Additionally, we will be recruiting someone to head up National and International Business Development and others.
About COREwafer Industries
COREWAFER INDUSTRIES, INC. (WAFR) is a holding company headquartered in Pembroke Park, FL, that currently oversees and manages two subsidiary companies across various industries. The goal of WAFR is to strategically acquire businesses with strong growth potential and a solid business plan in various industries including consumer goods, software and technology, and telecom. For information, visit www.corewaferindustries.com.
CORE WAFER SYSTEMS, INC. (CWS), the wholly owned subsidiary 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 magnetic, semiconductor and nanotechnology-based device components. Core Wafer technology is capable of performing in-parallel measurements allowing customers to test components many times faster than a non-parallel process. CWS has an install base of over 800 clients and 1,500 installed systems on HP, Keithley, and Agilent Test hardware. 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.
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