Veltex Corporation (VLXC)

[KlausVT]

Veltex Corporation Names New Chief Operating Officer for Veltex-Apparel
Monday December 10, 11:39 am ET

http://biz.yahoo.com/prnews/071210/lam076.html?.v=101

CITY OF INDUSTRY, Calif., Dec. 10 /PRNewswire-FirstCall/ -- Veltex Corporation (Pink Sheets: VLXC - News) today announced that Michael Pearl has been named COO of Veltex Apparel.

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Mr. Pearl is a graduate of The University of Oregon with 34 years experience in the Textile Industry. His most recent position was Vice President of Sales and Marketing for World Wide Merchandising Inc., a major manufacturer of embellished apparel where he was instrumental in building a superior sales staff as well as developing new product lines. Mr. Pearl's resume includes positions of progressive responsibility with Tee Jays Manufacturing, A & R Inc. and STS Graphics. Mr. Pearl will handle the day-to-day business of Veltex Apparel leaving Mr. Matin free to concentrate on the re-organization of the corporation as well as seeking additional growth opportunities. Mr. Pearl will work closely with our manufacturing arms in merchandising and new product design.

Javeed Matin, CEO of Veltex Corporation stated: "We welcome Mike Pearl at a time when our company is on the precipice of a new and more exciting era as we make changes in our operation and position it for rapid growth. Mike Pearl brings a unique talent to our organization and his proven abilities will help us continue to move forward."

"With our ability to manufacture at competitive prices, and to hold sufficient inventory for sale and back up, I believe Veltex is positioned to become a leader going forward in the embellished apparel industry," said Mr. Pearl. "Our goal is to establish a reputation as a leading resource for branded merchandise suppliers throughout the United States and Canada." For the time being Mr. Pearl will also oversee the operation of Veltex-Canada where Robert St. Amant is leaving the company in order to pursue a personal venture in an unrelated industry.

ABOUT VELTEX CORPORATION