Veltex Corporation (VLXC)

[pual]

All we could ask is: "Are you mandated by Veltex to audit their books?". You may even ask in what timeframe their report can be expected".

As a matter of fact, you should not even have to ask. A joint release BY BOTH PARTIES would be very appropriate:

"The XYZ audit firm and Veltex confirmed that they entered in an agreement aim at regularizing the situation of Veltex by producing audited financials to be used in reporting normally to SEC"

Matin declared: "We will start our United States audit with
firm XYZ 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." (Dec.2,2002)

Mr Matin continued: "While I was in Bangladesh building the revenue producing base for Veltex Corporation, I am sorry to say our efforts to get information out to the shareholders and public were simply not good enough. This resulted in a decline in the stock price and the stock remained neglected for two years" (Nov 21,2002)

Note: In this Nov 21 release, Matin mentionned that he ha hire an IR firm. Since he named the firm and to my knowledge their telephone lines are not jammed...



Roger