Veltex Corporation (VLXC)

[invest1980]

Or possibly this one might get your attention - when in May of 2004 he reported sales of 20 Million and NI of $1.5, but the 2003 audit (consolidated statement) shows a net loss of (451,164)!!


Veltex Reports Record Sales

MAY 26, 2004 -- Veltex Corp., City of Industry, Calif., announced record sales of $20 million for fiscal 2003, compared to $13.9 million in 2002 and $8.7 million in 2001.

The company reported net income of $1.5 million for the year, compared to $1.6 million in 2002 and $1.3 million in 2001.

According to Javeed Matin, chairman and CEO, the company is projecting 2004 sales to exceed $25 million. Veltex is a vertical manufacturing, import and distribution company. Its Veltex Apparel division specializes in caps, apparel and apparel accessories for the promotional products and imprinted sportswear industries.