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I said it's not always bad..... BASHER
Now that's a bashers statement .... not just facts......
Dilution is not always bad. Sometime is an excellant business move that causes that.
All you bashers are Miamimice's foot soilders ....
Is your friend Matin doing anything illegal by selling shares if he indeed is?
What's with the Foot Soldiers ...
You have such a fixation with this Matin guy...
Anyone that says any thing positive about Veltex you say works for Matin...
I thought you said Veltex has no employees....
"an attorney"
I too was advised by someone. My "sources" tell me the audit is in fact almost complete. It's in good shape and investors will be happy. Sorry you have the wrong info....
Reason to Invest ... The Veltex Team
http://www.veltexapparel.com/Scripts/veltex/images/top3.jpg
Another Veltex Girl ...
http://www.veltexapparel.com/Scripts/veltex/images/iwar.jpg
Some of the largest companies in the world are directed by one strong director...
Here is a link to a good interview on MoneyTv related to Veltex.
It’s from last year but is excellent for new investors.
http://www.emergingcompany.com/volume8week20r.ram
Veltex is the second company interviewed.
I couldn't stand the negativity on this board. People needs to step in an counter the bashers. Miamimice and crew have done alot to keep the value down. That's sad for investors, which thay seem not to be. It's some type of personnel war with Matin.
Low Float... Will Fly ... Get ready ...
Fasten You Seat Belt.
FLOAT: 1,500,000 as of 2004-12-27
Good News $1.40 today.. Up again
"Even if this company is making a profit"
Your are 100% correct....
FLOAT: 1,500,000 as of 2004-12-27
That low FLOAT is a very good thing for investors.
“Veltex is currently undergoing its audit for 2003. Upon its completion the company plans on becoming fully reporting with the SEC and moving to a larger exchange.”
Good Morning ascamorreal or miamimice or hapslap... What ever your name is today...
Thousands of outlets and millions in profits. Time to invest is now. Once the audit comes out, no chance on getting in under $3.
Opened at $1.40 ... up again. Looks like $3.00 in a week or so....
Thousands of sales outlets selling Veltex
When I search yahoo for... veltex promotional ... I get 7000 hits for companies selling products. If each company where to take orders for just a little each year ..say $5,000 ... that would add up to 35 million dollars.....
I am a pumper, but no dumper. I pump the stock because I believe in it I own it and am trying to counter the bashers like yourself. I have no inside information.
You want the stock price to go down, why?
Unfortunatly when the audit is released, it will be too late to buy in at these levels. The stock will move up almost instantly... The time is now to buy. That's how big money is made. Even if the auditors adjust the net income down a few million, Veltex will still have millions of dollars in net income. Millions in revenue, That's a real company....
No scam here
ascamorreal and Miamimice
Same Matin fixation , same temper
Real Facts Veltex has hundreds of distributors.
go to yahoo and search veltex hats. look company by company at the websites ... over 7,000........ Take you time
I already own all the share I can afford. But if I did have $69,000 I buy more. r are you here for no reason....
No proof given. You are MiamiMice. Bingo...... Scan exposed....
Here's another Veltex Distributor...
http://www.sopromoit.com/ProductSearch/PSLineResults.aspx?DPSV_Id=81349&CATY_ID=531&pF=5&...
ascamorreal and Miamimice
Is the any proof that these two are different people....or is it a scam....
ascamorreal and Miamimice
Same person ????
ascamorreal, that was too much to read.
If you need something to read here:
Veltex Corporation is a vertical manufacturing, import, and distribution company composed of three divisions:
Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry and distribution of merchandise.
Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products.
KCA Garment Industries, specializing in the manufacture of garments, specifically shirts and pants.
The synergy between the three Veltex divisions gives the company the ability to offer extremely competitive prices to the contract ready-to-wear market and the promotional products market, because there are no middlemen. Veltex produces the textiles, manufactures the apparel goods, and can truck the order to the customer eliminating at least two markups in the process.
Velvet Textile Mills is engaged in the business of the production and distribution of high quality, specialized textiles, primarily for use by manufacturers of automobile interiors, furniture, and ready-to-wear garments. These materials include jacquard, denim, microfilament, velvet, twill, canvas, duck, and pinpoint oxford fabrics. Production is done in Bangladesh because of low costs that allow the Company higher margins of profit, due to the relatively low costs of the material and labor, compared to U.S. sources. Further, the Company can import many of its materials into the United States quota free, similar to other competitors from countries such as China, Vietnam, India and Pakistan.
Labor costs in Bangladesh are 95% lower than in the United States. At the Veltex facilities in Bangladesh, a highly skilled textile mill worker is paid approximately $100 per month, while unskilled workers receive approximately $50 per month, and these salaries are generous by Bangladesh standards. These labor costs are approximately 17% lower than labor costs in China and make the price of finished goods such as caps and t-shirts extremely attractive on the world market.
Bangladesh currently subsidizes 25% of the value of all textile exports and this subsidy is expected to continue through 2005. Further, the United States does not impose import quota restrictions on textiles from Bangladesh. This makes the goods produced for Veltex particularly profitable.
Veltex Apparel imports and distributes apparel and caps to the promotional products market in the United States.
Veltex Corporation purchased the name, inventory and warehouse contract of LA CAP in October 2002. Considerable competitive advantage exists for Veltex Apparel because of the vertical nature of Veltex Corporation’s manufacturing activities.
A garment generally carries several levels of mark-up:
Farmer to Yarn Maker
Yarn Maker to Textile Mill
Textile Mill to Apparel Manufacturer
Apparel Manufacturer to Wholesaler
Wholesaler to Distributor
A Veltex Apparel garment only carries three levels of mark-up:
Farmer to Yarn Maker
Yarn Maker to Veltex
Veltex to Distributor
In other words, Veltex capitalizes on its manufacturing capability and eliminates the Wholesaler from the sales chain. The primary reason for the existence of the Wholesaler in today’s marketplace is to import the merchandise from overseas producers and distribute that merchandise in the United States. However, Veltex has eliminated this need for a Wholesaler/Distributor by expanding into the United States, thereby creating its own Wholesale/Distribution operation.
VELTEX SUPPLY CHAIN – A MAJOR COMPETITIVE ADVANTAGE
Rather than compete with every other Bangladeshi, Pakistani, Indian, Vietnamese, and Chinese manufacturer of apparel in selling to the Wholesalers in the United States, Veltex becomes the Wholesaler, eliminating at least two mark-ups.
By eliminating the Wholesaler and selling directly to the Distributor at prices normally paid by the Wholesaler, Veltex immediately increases its market share. Veltex expects an increase in sales volume that will more than make up for any loss in its present Wholesaler client business because it will not be selling more garments for less money. Rather, it will be selling more garments at the same or higher prices it receives from its current Wholesaler customers.
Traditionally, the production end of the equation has remained fragmented:
No real organization between the textile mills and the garment manufacturers
Manufacturers establish sales relationships with the U.S. Wholesalers
Wholesalers have few relationships with the textile mills
Distributors have no relationships with textile mills and manufacturers
There is a barrier to Wholesalers in the United States creating their own mill and manufacturing operations offshore without extensive research and large investment
There is a barrier to manufacturers creating their own distribution in the United States owing to the low level of familiarity with US business requirements and practices
Veltex Chairman & CEO Javeed Matin used the knowledge he gained working in trade finance in the United States to open a trading business. In 1996 he became aware of a mill that was going out of business in the Southern United States, purchased the looms, and installed them in an old mill (Velvet Textile Mills) located in Comilla, Bangladesh. He funded the growth of Velvet Textile Mills through a reverse merger into a publicly trading shell in 1999, then returned to Bangladesh to manage the business of Velvet Textile Mills with the goal of building its business to a level that would support the creation of a United States distribution company.
By building Veltex Corporation in this fashion, he gave the company these unusual advantages:
Familiarity with U.S. business requirements and practices, as well as a wealth of contacts.
A publicly traded U.S. corporate entity.
A solid, well regarded textile mill and manufacturer in Bangladesh.
A revenue base in Bangladesh that produces approximately $20-million yearly, outside U.S. tax.
KCA Garment Industries has revenue approximately $29-million yearly, outside US tax.
A credit line supported by revenues from Velvet Textile Mills.
Veltex Apparel expects to under-price its competitors by $0.50 up to $2 per garment. Since Veltex already manufactures for many of the top quality lines, the product will be the same top quality but at a lower price. Veltex-manufactured garments are usually marked up 100% or more from the price paid to Veltex, so the Company can make more money even if it sells only the same number of garments. Nevertheless, Veltex expects to greatly expand its business through price competition, because it knows that its competitors cannot win.
TARGET MARKETS
Veltex Apparel sells to companies that sell to the end-user. There are two divisions:
Promotional products distributors
Consumer Labels and Gift shops
Promotional Products Distributors
This group is made up of a wide range of companies from Jack Nadel, Inc., to Universal Pictures and Walt Disney Company stores, to corporate promotions departments, to advertising companies, to online promotional products merchandisers such as CafePress.com, to small local t-shirt shops and personalized gift stores.
These distributors supply customers from Little League teams to major corporations, and their product is used for uniforms, corporate wear, and promotional gifts.
It is the thousands of distributors in this area of the apparel industry that make up the $6-billion in promotional apparel business done annually.
Consumer Labels
Major consumer apparel labels such as Polo, Calvin Klein, Guess and Swatch are moving into the promotional products industry with lines designed specially for these markets. Whether one is talking about these cross-market labels or the more traditional apparel lines such as Liz Claiborne, Perry Ellis, or j. crew, most of what they sell is produced by outside manufacturers.
Veltex Apparel is currently in negotiation to produce khaki pants and shorts as well as other garments for major names in the consumer apparel products industry.
For New Investors...
Radio Interveiw regarding Veltex
http://www.worldtalkradio.com/archive.asp?aid=1746
Miamimice .... SEARS
My thoughts are that they might be a major retailer ....
Distributors seem to be everywhere I look. Thousands ....
http://www.brightadvertising.com/ProductSearch/PSLineResults.aspx?DPSV_Id=85466&CATY_ID=&pF=...
Miamimice
Your bashing has become useless.
Veltex is real, with real profits and real customers ....
$1.40 ... Up .14
Bangladesh currently subsidizes 25% of the value of all textile exports and this subsidy is expected to continue through 2005. Further, the United States does not impose import quota restrictions on textiles from Bangladesh. This makes the goods produced for Veltex particularly profitable.