Business
COREwafer Industries Announces it has Initiated the Process of Uplisting to the OTCQB
COREwafer Industries Announces it has Initiated the Process of Uplisting to the OTCQB.
About this update from Aluf Holdings, Inc.
[{"type":"text","content":"\n \n HOLLYWOOD, FL – COREwafer Industries, Inc. (Pink Sheets: WAFR) a \n holding company whose wholly owned subsidiary, Core Wafer Systems, Inc. \n (“CWS”) is the creator of proprietary software with installations \n worldwide, today announced that it has initiated its uplist process to \n the OTCQB since posting its financial audit for the Company's 2012 and \n 2013 year-ends.\n \n \n With the completion of the audited financial statements, the Company is \n now filing to become fully reporting. The Board of Directors has elected \n to file a Form 10 registration statement under the Securities Exchange \n Act, which automatically becomes effective 60 days after the filing with \n the SEC, at which point the Company will be fully reporting.\n \n \n CFO Teresa McWilliams stated, “The Company is excited about this \n improvement in the market categorization of the company as it relates \n directly to the improvement in our management and in our level of \n financial and corporate disclosure to its shareholders. We have worked \n toward this for some time now, and this uplisting will demonstrate our \n commitment to our shareholders and in building a great company with \n great progress on the way. Our current and future shareholders should \n all be very pleased with this milestone development for the company.\"\n \n \n The Company's stock has been trading on the OTC Markets under the \n \"Current Information\" tier of the OTC Pinks since November of 2009, \n providing current and adequate financial statements and corporate \n reports on a quarterly and annual basis. In late 2013, the Company \n retained R.R. Hawkins and Associates International, PC, a certified \n public accounting firm located in Los Angeles, CA and registered with \n the PCAOB (Public Company Accounting Oversight Board) to perform the \n 2012 and 2013 audits.\n \n \n OTCQB companies must be registered with and reporting to the SEC or a \n U.S. regulatory agency. Approximately 4,000 companies are currently \n listed on the OTCQB. The Company plans to build on its successful \n progression in seeking acquisitions, successful rebuilding of our \n subsidiaries and will continue working towards meeting the listing \n requirements for trading on the OTCQB with a future seeking a further \n tier stock exchange such as the AMEX, NYSE, Euronext ...