Veltex Corporation (VLXC)

[Growth And Value]

George, You ask some good questions.

I think part of the problem with answering your questions is that Matin would need to provide those answers to everyone, not just one person due to full disclosure rules.

It's safe to say that Cash and shares went to purchase K.C.A. and I would imagine the same is true for Gidget, although no official announcement has been made yet that I recall.

You do make a valid point that Matin needs to explain deals fully and accurately. The last few press releases were encouraging to me because they named names, gave actual dollar values and even quoted a customer.

4/7/2005 West Surfing Products $750,000
4/8/2005 Sun Shirts LLC $161,228
4/8/2005 Sun Shirts LLC $369,000
4/12/2005 Coral Head, Inc. $568,000
Total $1,848,228