SOURCE: COREwafer Industries

COREwafer Industries

March 27, 2013 09:25 ET

COREwafer Industries, Inc. Announces Stock Dividend

The Company Plans to Issue a Stock Dividend of 1:20 for Shares Held

NEW YORK, NY--(Marketwire - Mar 27, 2013) - COREwafer Industries, Inc. (PINKSHEETS: WAFR), a technology leader in semiconductors, announces stock dividend.

COREwafer Industries, Inc. announces that it intends to distribute a special common stock dividend equal to 1 share for every 20 share block of its outstanding shares of common stock.

The dividend will be payable on or about April 26, 2013 to shareholders of record as of April 12, 2013.

Words from Gary Polistena, CEO of COREwafer Industries:

"We do not believe that the current PPS accurately reflects the assets acquired with the closing of Corewafer Systems. It is our intention is to reward the patience of our long term shareholders while we work towards completing our audit. We believe that with independently audited financials our PPS will better reflect the true value of the company." 

About COREwafer Industries, Inc.

COREwafer Industries, Inc. (PINKSHEETS: WAFR) 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.

Please refer all shareholder inquiries to COREwafer Investor Relations via Twitter @Corewafer, via Facebook http://www.facebook.com/corewafer, or by emailing investor@corewaferindustries.com

Company Web Site: http://www.corewaferindustries.com

Safe Harbor Statement

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.