COREwafer Industries Board of Directors Announces Exploration of Strategic Alternatives

COREwafer Industries, Inc. (Pink Sheets: WAFR) a holding company whose wholly owned subsidiary, Core Wafer Systems, Inc. (“CWS”) is the creator of proprietary software with installations worldwide, today announced that the Company's Board of Directors has voted to explore strategic alternatives to enhance value and increase scale in order to accelerate CWS next generation solutions deployment. The Company has already begun to receive Letters of Intent for these alternatives which could include, among others, possible joint ventures, strategic partnerships or alliances, mergers and acquisitions or other possible transactions.

“During the past year, management and the Board have been focused on establishing a strong financial position, and evaluating the best approach to delivering long-term value for customers and shareholders,” said Cyril Moreau, President and CEO of the Company. “Given the importance and strength of our existing technology, and the evolving industry and competitive landscape, we believe that now is the right time to explore strategic alternatives.”

Mr. Moreau further added, “We continue to see compelling long-term opportunities for COREwafer Industries and we are pleased with the progress that has been made in our transition to up list to the OTCQB and become a fully reporting company. As the Board focuses on exploring alternatives, we will be continuing with our strategy of reducing cost, launching next generation solutions for our end-of-life products, and pursuing social media solutions as well as other technology solutions.

There can be no assurance that this exploration process will result in any transaction. The Company does not currently intend to disclose further developments with respect to this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.

About COREwafer IndustriesCOREWAFER INDUSTRIES, INC. (WAFR) is a 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 our new website at 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 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 magnetics, semiconductor and nanotechnology-based device components. For more information, visit www.corewafer.com.

Safe HarborThis 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.

CONTACT:COREwafer Industries, Inc.Teresa McWilliams, Chief Financial [e-mail]

COREwafer Industries, Inc.Teresa McWilliams, 866-793-1110Chief Financial [e-mail]