Veltex Corporation (VLXC)

[Growth And Value]

When they bought the semi trucks they disclosed in the press release that they used cash and colateral of Velvet Textile Mills to make the purchase.

There is a contingent liability of $561,000 on the books as of 12/31/03. The notes also disclosed that this is due to the semi trucks.

As long as they can get items from the Bangladesh factories at cheap prices and sell them in the U.S. at a good profit then that's fine with me!

The market price doesn't reflect much from the Bangladesh Factories, any positive development would be a big boost to the stock price IMHO!!