Wednesday, August 23, 2006 12:12:33 PM
Veltex will be adding new licensing agreements in the immediate future and through the acquisition (of the Canadian Retail Supply chain) Veltex will be well positioned to distribute these top-end, well-known brands throughout the US and Canada.
In the first year, Veltex-Canada is expected to produce approx. $10 Million in revenue and $2 Million in profit, and the forthcoming licensing agreements to add significant revenue and earnings in the near future, and at a much higher margin of profitability.
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