HOLLYWOOD, Fla.--(BUSINESS WIRE)--COREwafer Industries, Inc., (Pink Sheets: WAFR) a holding company whose wholly owned subsidiary, Core Wafer Systems, Inc. (“CWS”) the creator of proprietary software with installations worldwide, today announced that as of July 29, 2014 it has contracted with VStock Transfer, LLC to replace Registrar and Transfer Company as the Company's Transfer Agent. VStock has the ability to continue to process the Company's shares electronically and more efficiently by using the DTCC system and FAST system. The DWAC and DRS processes offer a many benefits to shareholders. The electronic systems greatly reduce the amount of time required to transfer and deliver securities, thereby significantly accelerating the settlement process for shareholders. They also eliminate the risk of losing physical certificates, as well as the higher transportation and handling costs associated with such certificates causing many trading errors and the loss of money for Investors.
Teresa McWilliams, CFO COREwafer Industries states, “In today's electronic environment, it was vital to the Company's growth that we maintain a transfer agent that provides such services. This is one of a few more steps that we will take as we approach this new milestone of being a fully reporting company on the OTCBB.”
About VStock Transfer
VStock Transfer is a stock transfer agent providing best-in-class service combined with a cost savings structure. VStock Transfer offers a unique combination of technology and proactive, energetic, personalized and experienced customer service. VStock Transfer offers services online that provide you and your shareholders with up to the minute data, reports and powerful online tools to enhance your stock transfer experience and make stock option administration a seamless process. VStock Transfer works with private companies, IPOs (OTCBB and NASDAQ) and public companies of all sizes.
VStock Transfer, LLC - 77 Spruce Street, Suite 201, Cedarhurst, NY 11516
About COREwafer Industries
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), 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.
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.
COREwafer Industries, Inc.
Teresa McWilliams, Chief Financial Officer