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Friday, October 26, 2012 11:11:46 AM
Gary Polistena, CEO of COREwafer Industries also comments on these latest developments, "Clearing up all of these outstanding issues has been one of our top priorities," states Gary Polistena. "We needed to be sure that all legal obstacles were eliminated related to this transaction, and as they are now resolved, we can now issue stock to Core Wafer Systems and execute and file the merger certificates for the acquisition of Core Wafer Systems. We're working very hard behind the scenes to execute on our announced plans, and we will continue to keep our shareholders updated as we can. Due to specific non-disclosure requirements, we have been unable to notify shareholders of all issues impacting the company; however I am glad that many have stayed with us throughout the acquisition process. We continue to keep our filings and financials current and will continue forward with seeking listing on a higher exchange as discussed."
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