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Non-Tech : COREwafer Industries, Inc.

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From: jimpit	5/30/2012 10:52:30 AM
	of 77

WAFR Announces Q1 2012 Financials and Plans for Increase in NEEL Operations WAFR Announces Q1 2012 Financials and Plans for Increase in NEEL Operations SOURCE: COREwafer Industries, Inc. May 30, 2012 08:00 ET Company Files Final Quarterly Statement Operating as COREwafer Industries, Inc. "NEW YORK, NY--(Marketwire - May 30, 2012) - COREwafer Industries, Inc. (PINKSHEETS: WAFR) reports that the company has filed its first quarter 2012 unaudited financial statements with OTC Markets. Copies of these documents can be obtained from www.otcmarkets.com, or for additional information please visit the WAFR website at wafr.co "Operations: "We finished the first quarter of 2012 with 2011 with a net loss that can be directly attributed to an increase in operating and reorganization expenses in the first quarter following completion of the acquisition of North East Expedite Logistics (NEEL). We are expecting to return to profitability as we increase the capacity of NEEL above its current operating capacity. "The company will be utilizing a portion of the $10M in secured financing to increase the operating capacity of NEEL. Each additional truck we add to the company increases the revenue by $25,000 monthly. We have a projection of adding ten (10) additional trucks this year, resulting in an increase of revenue by approximately $250,000 monthly, or $9 million over the following 36 months."... (more) (more) marketwire.com __________________________________________________________________ Jim .

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