Veltex Corporation (VLXC)

[GratziPrego]

Great News for VELTEX: The Audited financials have clarified a great deal for us.

It shows that Veltex is performing much better than many other PINK SHEET companies (many of them are not producing impressive Revenues like Veltex does, $15 Million for 2003).

The Current Asset Amounts present an Excellent Scenario:

CASH $8.3 Million
Inventory $973,000
Accounts Receivable $1.6 Million


WHEN COMPARING Total Current Assets to Total Current Liabilites, we can feel assured that VELTEX is STRONGLY POSITIONED for GROWTH:

Total CURRENT ASSETS $11.1 Million
Total CURRENT LIABILITIES $8.1 Million

Also, remember that the Net Loss of (451,164) is mainly due to Discontinued Operations NOT Normal Operations, which means GREAT NEWS for VELTEX ! (OPERATING INCOME IS ACTUALLY $1.9 Million - EXCELLENT !) YES, AUDITED INFO YIELDS GOOD NEWS !