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Re: pual post# 10066

Thursday, 06/30/2005 12:40:16 AM

Thursday, June 30, 2005 12:40:16 AM

Post# of 19546
The information is backed up with quotes from customers and respected trade organizations. Remember the Coral Head deal? ASI, (well known in the promotional products industry) stated that Explorer's total sales in 2004 was $23 Million. Explorer (and now Veltex) licenses some very well known brand names. This is real. Veltex is real. Stating that sales are exceeding expectations shows that the sales estimates at the time of the acquisition were UNDERSTATED!

I know there have been lots of people bashing this stock. Auditing a multi national firm is not as easy as you make it to be. Yes, there is work to be done, but Veltex has come a long way in the 7-8 months that I've been following it.

The North American sales and earnings alone justify a much higher stock price. I don't care about 1996, I care about 2005 and 2006 and beyond!