Veltex Corporation (VLXC)

[pual]

otcstockexchange.com: Mid-Day Stock Alert -- OTCStockExchange.com ... VLXC


Rochester, NY, Apr 12, 2005 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.coms
"Mid-Day Stock Watch Alert" this afternoon are ... Veltex Corporation (Pink Sheets: VLXC).

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Veltex Corporation (Pink Sheets: VLXC - http://finance.yahoo.com/q?s=VLXC.PK )
Veltex Corporation, a vertical manufacturing, import and distribution company
for apparel and accessories, announced today that it has completed setting up
operations in Canada. Veltex has set up a satellite office based in London,
Ontario Canada to take advantage of the growing business relationships in the
Canadian marketplace. Veltex Apparel is positioned well to gain market share
from the over 4,000 distributors of promotional products in Canada which
represents over a $1 billion marketing industry.

Veltex Corp. clearly has enormous appreciation potential based on its realistic
revenues and net profits projections. It is very rare to discover a company
whose stock is so undervalued and yet has everything in place for a dynamic
near-term upward move to significantly higher prices. Veltex is a well managed
company, with a strong vertical infrastructure in place that expects to generate
revenues in excess of $55 million in 2005 with net profits of over $11 million
or approximately $1.38+/- net earnings per share (EPS) A 35% increase from 2004.

-- 2005 Projected Revenue $55mm

-- 2005 Projected Profit $11mm

-- 2005 Projected Net Earnings $1.38 per share a 35% increase from 2004

Jordan Ross, Vice President Sales and Marketing of Veltex Corp., commented, "We
are very excited to have entered the Canadian market. We expect that this move
will produce strong revenues and profitability for Veltex. Furthermore, we are
looking forward to joining the Promotional Products Association of Canada. This
will provide us with many opportunities to meet our new distributors at trade
shows throughout Canada. This is a huge step towards making Veltex a world class
apparel company."

Vice President of Canadian Division, Veltex Apparel, James Burke, expects to
hire up to 5 sales representatives. The new sales representatives will primarily
focus on expanding Veltex's presence and making the company a major player in
the promotional products industry throughout Canada. Mr. Burke commented, "Since
the Canadian government has allowed any apparel imports from Bangladesh to be
duty free, Veltex will enjoy about a 20% savings which will be applied to our
bottom line."