HOLLYWOOD, FL / ACCESSWIRE / August 7, 2015 / COREwafer (PINKSHEETS: WAFR) (the "Company") today announced that interim President /CEO and board member, Cyril Moreau, has departed the company upon completion and mutual agreement of the non-renewal of his contract. The Company's CFO Teresa McWilliams has agreed to act as interim President and CEO while the Board of Directors initiates an executive search for a permanent replacement. COREwafer Industries is a holding company engaged in acquiring, operating and managing subsidiary companies engaged in the development and sale of proprietary software.
Cyril Moreau joined WAFR as its interim President and Chief Executive Officer on June 21, 2013. During his time as Interim CEO, Cyril and the executive leadership team put into place a strategic direction and structure which moves the organization forward in furthering its efforts at up listing onto the OTCQB, strengthening the Company's financial objectives toward profitability, and increases our footprint in the Software/Technology Sector through strategic alliances, mergers and acquisitions.
About COREwafer Industries
COREWAFER INDUSTRIES, INC. (WAFR) is a holding company headquartered in Hollywood, FL, that operates and manages 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 our new website at www.corewaferindustries.com.
Safe Harbor
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.
CONTACT:
COREwafer Industries, Inc.
Teresa McWilliams, Chief Financial Officer
866-793-1110
[email protected]
SOURCE: COREwafer Industries, Inc.