Veltex Corporation Continues to Increase Investor Awareness
Monday December 2, 9:15 am ET
LOS ANGELES, Dec. 2 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLVT - News) announced today the company is presenting to the Southern California Investment Association on December 7th. The Southern California Investment Association (SCIA) is a nonprofit organization developed to facilitate stock support and capital formation for select companies. Veltex will be presenting for 20 minutes in length, and it is expected to have over 100 brokers and investors present.
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Javeed Matin, Chairman and CEO of Veltex Corporation stated, "I am very excited to be able to share our company's story to investors. The recent growth in our company is exciting and we expect to continue to expand our trucking business at a rapid pace. The recent volume in our stock shows that more investors are becoming aware of the Veltex story."
Mr. Matin continued, "We will start our United States audit with a respected firm in the first quarter of 2003. Once that is complete, we will become fully reporting to the Securities and Exchange Commission, and move to the appropriate stock exchange. We are expecting a great fourth quarter due to a strong performance in our trucking and manufacturing divisions. We expect to continue to announce record profits for the remainder of the year and into 2003. Further significant announcements with be forthcoming as soon as they become available, which the company expects to happen in the near future."
Veltex has announced strong earnings for the first 9 months of 2002 of over $1 million dollars, and the company currently has over $500,000 of cash on the books. Veltex has over $11 million in total assets with very minimal debt. With a strong balance sheet and strong cash flow, Veltex will be able to maximize shareholder value and continue to grow at a strong pace.
........Larry....!!..
....................The best is YET to come....!!
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