LOW PEG Ratio Stocks

[Growth And Value]

VLXC posts great results through 3 Qtrs of 2005

CITY OF INDUSTRY, Calif., Oct. 10 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLXC) today reported (unaudited) revenue of $16,740,888 for the third quarter of 2005 and net pre-tax income of $3,318,177. First half revenue is restated at $25,956,800 and includes $7,795,800 from Velvet Textile Mills that was omitted from the previous press release solely based on the fact that those figures had not yet been finalized at the time of publication. Net income from the Mill for the same period was $1,637,118. Revenue for the first three quarters of 2005 is $42,697,688 and income is $6,311,295.

Javeed Matin, CEO of Veltex Corporation stated: "We are excited with our progress in expanding our business and our continued strong revenue stream. Our tradeshow attendance is paying dividends as distributors are coming on-board in ever increasing numbers. Veltex-Explorer is fully integrated and making significant contributions to our bottom line and our licensing agreements are proving fruitful. We feel certain that we will meet our revenue goal of $60 million for 2005 with a net income of between $9 and $10 million. As we look forward to annual increases in revenue and net income, we obviously feel that our stock is considerably undervalued. We are confident that our efforts will remedy this situation in due course."

There are 9,732,087 shares currently outstanding with expected 2005 earnings of $.92 - $1.02 per share.

http://news.moneycentral.msn.com/ticker/article.asp?Feed=PR&Date=20051010&ID=5178042&Sym...