Veltex Corporation (VLXC)

[pual]

Here's what is important in this PR (I do ot call it NR):

Veltex Corporation, announced today that it has
completed an acquisition of KCA Garment Industries.

Javeed Matin, CEO of Veltex Corporation, commented, "We are very pleased to consummate this acquisition as KCA Garment Industries This will allow Veltex to be extraordinarily competitive."

"This year KCA will do about $20 million in total sales with $2.2 million in net income."

Finn Walstad, CEO of OTCGrowth.com, stated, " The Company has a current PE of less than two times earnings."

Veltex is currently undergoing its 2003 audit, which the company expects to be completed in the near future.