$WAFR News on Merger
COREWAFER INDUSTRIES INC. 419 Lafayette Street New York, NY 10003 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:
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COREWAFER INDUSTRIES INC.
BY: /s/ Mr. Gary Polistena
Chief Executive Officer
