Veltex Corporation (VLXC)

[texastex]

I guess Veltex did enter the surf industry....

"Veltex Corporation Expects Revenues in Excess of $40 Million for 2004 and is Entering the $6 Billion Surf Apparel Industry"

CITY OF INDUSTRY, Calif., Dec 1, 2004 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (Pink Sheets: VLXC) expects revenues for 2004 to be over $40 million with net profits of over $7 million or $3 a share. The company currently has approximately 1.3 million shares in the float. Veltex plans on becoming fully reporting and moving off the pink sheets to a major exchange upon completion of its audits, which the company is currently undergoing.
Veltex Corporation plans to enter the $6 billion surf apparel industry. Using similar business models as Roxy and Quicksilver, Veltex will create and design apparel and accessories in order to establish itself in the surf apparel marketplace. Javeed Matin, Chairman and CEO states, "Entering the surf apparel industry offers great growth potential for Veltex. Even capturing a small percentage of this $6 billion industry will significantly impact our bottom line. We can offer customers a quality product at much lower prices than our competitors."