Veltex Corporation (VLXC)

[Growth And Value]

In 2003 the trucking revenue was correctly classified as operating revenue at that time. But now that the trucking division was discontinued, that revenue has to be shown as a "discontinued operation" and NOT part of operating revenue. That explains
$758,398 of the 4.9 Million difference. I can only speculate that part of the 4.15 additional difference could be "intercompany eliminations". Important part to me is the revenue growth and net earnings which hopefully will be shown in the 2004 audit.