Veltex Corporation (VLXC)

[pual]

Yes,

Veltex Corporation Moves to Larger Facilities
11/11/2003 9:14:26 AM

"Matin said the company expects that the audit of its 2002 financial results should be completed within the month ..."

Then we got (January 6, 2004) the Anne Tahim's Report (2001 and 2002), saying:

- 100% of 2001 revenues and 98% of 2002's coming from Bengladesh

- The covering letter said: "We did not audit the statements of Veltex textile mills (99% of quoted revenues). They were compiled by other auditors whose report has been furnished to us, an our opinion, insofar as it relates to the amounts included for Veltex textile mills, is based SOLELY on the report of other auditors."

Still, that was better than nothing but, not knowing who did the audit of 99% of the revenues, that wasn't very useful.