VLXC: Veltex holds contracts with sixteen major retailers throughout Canada, among them, Costco, Sears, Bay and Zellers.
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.
