Veltex Corporation (VLXC)

[pual]

The ongoing PPS is the proof that Matin's behavior has negatively impacted the market much more than I would have expected.

The following concerns will have to be removed:

1- How reliable is the Bengladesh audit (99% of claimed revenues came from there) and who did it?

2- Why were 100,000,000 new shares issued considering the cash position at the end of 2002?

3- When will normal reporting to SEC be made?

4- Are currently traded shares new ones still being issued by the company and, if so, what for?

5- What are the reasons for Q1 and Q2 of 2003 not to yet be completed? (I hope we will not have to wait months before they are issued and hopefully, US sales will be more than $261,000).

At least in my case, these prevent me from buying more... even at 1 penny.

Matin will have to communicate better and more accurately if his baddly crippled credibility is to be re-establihed.

Credibility and PPS are very tightly related in the market.