Veltex Corporation (VLXC)

[pual]

I often said that one possible hypothesis is that, after loosing control of Bengladesh (God and Matin know who to ???) and hiding this to the shareholders, Matin must grow a North American business big enough to be normalized as a stand alone profitable operation (He may on the way declare he sold the Bengladesh operation so he doesn't have to discuss it anymore).

This obviously is only an hypothesis and it could very well be totally wrong (Some will say it is ???)

However, today's release seems to support such an hypothesis but who knows ??? :

1- No mention whatsoever of Bengladesh except in the standard final statement (disclaimer).

2- "While our focus continues to be the establishment of a self-sustaining North American based corporate entity, ..."

3- "Veltex Corporation's primary business remains the Promotional Products Industry. In order to continue growing our customer base, it is critical that we establish a network of distribution centers through our marketing area, ..."

4- "We are actively seeking a facility in the southeastern U.S. as well to complete our distribution network."