Veltex Corporation (VLXC)

[pual]

Anne Tahim audit report read:

"We have audited the consolidated balance sheet of Veltex corporation AND SUBSIDIARY ..." She follows writing: "Veltex corporation is the MAJORITY SHAREHOLDER of Veltex textile mills..."

However remember the following disclaimer:

"The financial statements are the responsibility of company's management and WE DID NOT AUDIT the statement of Veltex Texile Mills wich were compiled by other auditors whose report has been furnished to us".

Page 6 of her report Anne Tahim write (note 2, 2nd paragraph):

"For the year ending December 31, 2001, the sales of $8,741,348 all came from Bengladesh operation."

She also wrote:

"Sales for the year ended December 31, 2002 totals $ 13,902,120, of which $ 261,878 is US and 13,640,202 is from Bengladesh operation".

Since the, revenues never work breack down by Matin ???

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