NEW YORK, NY--(Marketwire -05/25/12)- COREwafer Industries, Inc. (WAFR.PK) is pleased to announce completion of its name change from Action Products International, Inc. COREwafer Industries, Inc. began trading under its new symbol, WAFR, at market open today.
Originally incorporated in New York in 1977, the company went public on the NASDAQ stock market in 1984 as a distributor of education oriented toys. In 2008, the company began restructuring and in 2009 exited the toy business. In 2010, the company relocated the corporate office to New York and started the process of finding strong acquisitions to reshape the company. In 2011 and 2012, the company acquired North East Expedite Logistics and CoreWafer Systems and has now started the full rebranding as COREwafer Industries, Inc.
"Our change in business focus led us to the decision to rename the company to COREwafer Industries, Inc. and begin execution of a strategy that provides stable and predictable fundamentals for growth," commented Gary Polistena, CEO of COREwafer Industries, Inc. "Our new trading symbol, WAFR, is reflective of our focus on quality in everything that we do -- setting ourselves apart from any other competitor in the marketplace. We look forward to continuing to build shareholder value through our subsidiaries under our new name, and generating interest within the investor community."
About COREwafer Industries, Inc.
COREwafer Industries, Inc. (WAFR.PK) is the parent company of Core Wafer Systems, Inc., a technology leader with a propriety parallel measurement schema for evaluation of physical phenomena in semiconductor devices and processes and North East Expedite Logistics, a transportation and logistics services company that services customers on the East Coast. More information about Core Wafer Systems can be found at http://www.corewafer.com.
