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COREwafer Industries Inc. Explores Acquisitions in the Social Media Sector

COREwafer Industries, Inc. (Pink Sheets: WAFR) a holding company who’s wholly owned subsidiary, Core Wafer Systems, Inc. (“CWS”) is the creator of proprietary software with installations worldwide, today announced it is expanding its business plan following the recent completion of its audited financials & announcement of its initiation of the uplist process to the OTCQB with plans to enter into the rapidly growing social media sector.

Teresa McWilliams, Chief Financial Officer of COREwafer, commented, "The Company intends to offer additional services to social media publishers or influencers, such as a blogger or tweeter to share sponsored content with their social network audience through a range of social channels, such as blogs, Twitter, Facebook, Instagram, Tumblr, LinkedIn, and others. We plan on serving a range of small and large businesses as well as advertising customers in various industry segments comprising consumer products, retail/eTail, technology, and travel. Our plans include strategic acquisition opportunities to create shareholder value in annual revenue and profits once we complete the up-listing of our securities. We've been communicating with several target Companies so that when we complete the filing process and up-list our securities to the OTCQB we'll be prepared to execute our growth strategy."

Two-thirds of online adults (66%) use social media platforms such as Facebook, Twitter, MySpace or LinkedIn. These Internet users say that connections with family members and friends (both new and old) are a primary consideration in their adoption of social media tools. Roughly two thirds of social media users say that staying in touch with current friends and family members is a major reason they use these sites, while half say that connecting with old friends they’ve lost touch with is a major reason behind their use of these technologies. Other factors play a much smaller role—14% of users say that connecting around a shared hobby or interest is a major reason they use social media, and 9% say that making new friends is equally important. Reading comments by public figures and finding potential romantic partners are cited as major factors by just 5% and 3% of social media users, respectively. (The Pew Report).

Here are some social media statistics:

  • In May 2013, 74% of women were users of social networking sites, compared with 62% of men.
  • Between February 2005 and August 2006, the use of social networking sites among young adult Internet users ages 18-29 jumped from 9% to 49%.
  • 72% of all Internet users are now active on social media.
  • 18-29 year olds have an 89% usage.
  • The 30-49 bracket sits at 72%.
  • 60 percent of 50 to 60 year olds are active on social media.
  • In the 65 plus bracket, 43% are using social media.
  • 71% of users access social media from a mobile device.
  • There are now over 1.15 billion Facebook users.
  • 47% of Americans say Facebook is their #1 influencer of purchases.
  • 70% of marketers used Facebook to gain new customers.
  • There are now over 1 billion with Google+ enabled accounts and has reached 359 million monthly active users.
  • Google+ is growing at 33% per annum.
  • The 45 to 54 year old bracket increased its usage on Google+ by 56% since 2012.
  • There are now over 550 million registered users.
  • 34% of marketers use Twitter to successfully generate leads.
  • There are over 215 million monthly active users of Twitter.

COREwafer Industries, Inc. is currently in the initial phase of discussions with one particular social media company who is a self-service, SaaS based solution, which provides a toolset that simplifies the creation of web and social experiences, rewards, and real-time analytics to help brands boost participation and monetize loyalty. Cyril Moreau, President and CEO, stated, “We are excited to begin the due diligence process on this target acquisition who’s capabilities include Real-Time Marketing and Live Events; User Generated Content; Annotated Video and Audio Content; Story Branching; Mobile Content; Augmented Reality; and Interactive Games however with this addition of direction to our business plan we will be seeking various other acquisition candidates as a merger and acquisition holding company.”

About COREwafer Industries

COREWAFER INDUSTRIES, INC. (WAFR) is a merger and acquisition holding company headquartered in Hollywood, FL, that currently operates and manages two 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 www.corewaferindustries.com.

CORE WAFER SYSTEMS, INC. (CWS), the wholly owned subsidiary and Flagship Company of COREwafer Industries, Inc. (WAFR), creates proprietary software, software algorithms, and hardware used in the testing and data mining of the most commonly used computer hard drives, memory, and magnetics; as well as other advanced magnetics, semiconductor and nanotechnology-based device components. For more information, visit www.corewafer.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.

COREwafer Industries, Inc.
Teresa McWilliams, Chief Financial Officer

[email protected]

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