Veltex Corporation (VLXC)

[Rob2004]

taken from the previous post...

"As previously announced, Veltex recently consummated its acquisition of KCA Garment Industries through the issuance of additional shares. The Company now has 6,676,035 shares outstanding and is expecting total 2004 revenues to be around $40 million with approximately $7 million in net earnings.

Javeed Matin, CEO of Veltex Corporation, commented,"Our quality apparel is being widely accepted by major merchandisers and we expect 2005 to be another year of rapid revenue growth and record profitability. As soon as our 2004 audit is completed, we plan to become fully reporting and make application to move off the Pink Sheets and onto a major exchange, which will give our company much greater visibility amongst the investment community. We certainly feel that this will be a very good year for our loyal shareholders."Veltex is currently undergoing its 2003 audit, which the company expects to be completed by February 1st to be immediately followed by the commencement of the 2004 audit...."

Looks like good news to me.