November 20, 2012

On April 10, 2012 COREwafer Industries, Inc. (“WAFR”) entered into a merger agreement (the

“Agreement” with its wholly-owned subsidiary (“Merger Sub”) and Core Wafer Systems, Inc.

(the “Company”) the Agreement was subsequently amended on October 20, 2012 whereby (i)

Merger Sub shall be merged with and into the Company, (ii) the separate legal existence of

Merger Sub shall cease and (iii) the Company shall be the surviving corporation and be a whollyowned

subsidiary of WAFR. Under the terms of the Agreement, the current shareholders of the

Company (the “Shareholders”) will acquire 55% of the outstanding equity of WAFR upon the

effectiveness of the merger (the “Merger”). The Shareholders shall receive 38,948,345 shares of

WAFR’s common stock. The Shareholders shall also receive 10,486,093 shares of convertible

preferred stock of WAFR which are convertible after a time into 20,972,186 shares of common

stock of WAFR. WAFR filed the certificates of merger with the State of Nevada and the State of

New York on October 25, 2012.

COREwafer Industries, Inc. is the parent company of North East Expedite Logistics, a

transportation company, and Core Wafer Systems, Inc., a technology leader with a proprietary

parallel measurement schema for physical phenomena of semiconductor structures. Additional

company information can be obtained on the company website at: