VLVT - DIAMOND BAR, Calif., Jun 10, 2003 /PRNewswire-FirstCall via COMTEX/ --
Veltex Corporation (OTC: VLVT) announces today that business continues to be on target and sales are starting to pick up as the economy seems to be getting stronger and demand is picking up in our industries.
The progress with the audit continues to move ahead but is taking longer than anticipated. So far, there have been no accounting irregularities found and everything is going as intended. Veltex has decided not to set a finishing date for the audit, but will keep investors informed as the audit is near completion.
Veltex continues to invest as demand grows to better serve our customers. Additional phone lines have been installed to ensure the accessibility of customers, suppliers, employees, and our dedicated shareholders.
Javeed Matin, CEO of Veltex Corporation quotes, 'We are working hard to improve sales and profits, as well as the financial strength of the company. Once everything falls into place in 3-6 months, investors will take notice of Veltex and we can take that big step in becoming a more respectable company.'
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