UPDATE: COREwafer Industries, Inc. Announces New Board of Directors

Marketwired

NEW YORK, NY--(Marketwired - Jul 8, 2013) - COREwafer Industries, Inc. (PINKSHEETS: WAFR) announced today the individuals who will join the newly structured COREwafer Industries, Inc. Board of Directors.

In line with COREwafer Industries' 2013-2015 Strategic Plan, the new Board will complement the strategic direction of the organization moving forward. Moving away from simply reporting annual beneficiaries, COREwafer Industries is committed to annually measuring the long-term impact of its projects and changes through in-depth monitoring and evaluation.

In June the Board voted for visionary and far-reaching governance changes. COREwafer Industries is the designated software partner for manufacturers using Agilent testers. The organization was founded in 2001 by leaders of the sector.

"COREwafer Industries owns its very existence and its unique place in this sector," said Roger Goetz, major shareholder of COREwafer Industries. "Now we are adding some new perspectives to our Board to complement the guidance and wisdom of Board members who have served in the past. This new governance model will enable the organization to continue pioneering unique solutions."

The new members joining COREwafer Industries' Board of Directors are: Cyril Moreau, CEO and President of COREwafer Industries; Dale Churchill, CEO, Churchill Irrigation; Jerald Wrightsil, CEO, Eco Merge USA; subsidiary); Teresa McWilliams, CFO/Secretary COREwafer Industries.

Continuing Board members include: Donald C. Bennett (Advisor to the Board), Yonghun Kim, and Gary Polistena.

"As we move forward, guided by our 2013-2015 Strategic Plan, the compilation of the new Board in alignment with the direction set forth by the plan will allow COREwafer Industries to achieve our goals and to truly be the leader in our field," said Roger Goetz, Head of Business Development, Core Wafer Systems.

"COREwafer Industries' reconfiguration of their Board of Directors, to more closely align with the objectives of our strategic plan, is a great example of the focus and discipline we demonstrate across the entire organization," said Dale Churchill. "Having worked with numerous organizations on Board structure and governance, I recognize the powerful impact this alignment will have on the organization's work and look forward to following COREwafer Industries' successes in the future."

Orientation of the COREwafer Industries Board of Directors and the first full Board meeting is scheduled for September 2013, in Florida.

For more information about COREwafer Industries contact Teresa McWilliams, CFO at t.mcwilliams@corewaferindustries.com or visit the website at www.corewaferindustries.com

About COREwafer Industries
COREWAFER INDUSTRIES, INC. (WAFR) is a holding company headquartered in New York, NY, that currently oversees and manages two subsidiary companies across various industries. The goal of WAFR is to strategically acquire businesses with strong growth potential and a solid business plan in various industries including consumer goods, software and technology, and telecom.

CORE WAFER SYSTEMS, INC. (CWS), the wholly owned subsidiary 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 magnetic, semiconductor and nanotechnology-based device components. For more information, visit www.corewaferindustries.com.

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