Veltex Corporation (VLXC)

[pual]

Relative to the ownership question, I do not have access to pre R/S PR's.

Source 1:

Following are abstracts of a business plan released by Matin on December 4, 2002:

Velvet Textile Mills, the manufacturing subsidiary, produces high quality jacquards, ...

...

Veltex manufactures its textiles at its mill subsidiary in Bangladesh

...

Veltex Corporation is a Holding Company that purchases subsidiary companies using cash and Veltex stock. The subsidiary companies are WHOLLY OENED by Veltex Corporation and all revenues accrue to Veltex.
Companies currently owned are:
· Multi Modal Transportation (U.S.A.)
· L.A. Cap (U.S.A.)
· GoVacations (U.S.A.)
· Velvet Textile Mills (Bangladesh)

Source 2: www.otclive.com/vlvt.pdf

In this document dated you can read:

Under title: Veltex Finalizes 20 Truck Purchase - Projected to Bring Almost 1.5 Cents In EPS Next Year Alone (12-5-2002):

"Veltex has a manufacturing facility in Bangladesh..."

Under title: Veltex Corporation Signs Strategic Investment Deal With GoVacations (11-14-2002)

"The Products - Velvet Textile Mills, a wholly owned subsidiary of Veltex"
...
"In 1998, Veltex invested over $7 million in plant and equipment for the manufacturing of high quality
textiles. It was shipped from the US and installed in the Bangladesh facilities."