Veltex Corporation (VLXC)

[SkeBallLarry]

strotker,

Market Advisors' Initiates Coverage on Veltex Corporation With Target Price and Research Brief1/27/03
DIAMOND BAR, Calif., Jan 27, 2003 (BUSINESS WIRE) --
Veltex Corporation (OTC Symbol:VLVT) is pleased to announce that Market Advisors begins coverage of Veltex. Mr. Helleberg marks a positive outlook on VLVT based on the continuing developments of the Company's fundamentals.
Mr. Jeff Helleberg is the lead analyst of Market Advisors, a company that has been in business since the 1970's. During the late 1980's and through the 1990's, Mr. Helleberg was the editor and chief of the nationally syndicated Marketarian Newsletter. Under Mr. Helleberg's guidance, the Marketarian was rated numerous times by The Wall Street Journal, Hulbert Financial Digest and the Timer Digest among others as one of the best market timers, top bond timers and having one of the nations best model portfolios.
Mr. Helleberg has performed in-depth analysis on VLVT. Based on the empirical and intrinsic methods of Market Advisors for projecting stock prices, Mr. Helleberg anticipates a short-term target price of $0.35 per share for VLVT. Current price is approximately $0.04 cents.
Mr. Helleberg stated, "Risk should be extremely low from a technical perspective. In my opinion, VLVT shares trade for a fraction of their potential value, realizing of course that if revenues continue to climb and unforeseen world events don't interrupt progress, market cap should grow, which in turn equates to higher stock prices."
Mr. Matin, President and CEO of Veltex Corporation stated, "We at Veltex are honored that an individual of such high caliber as Mr. Helleberg has taken a strong and positive short-term outlook on our organization. We expect the longer term outlook to justify a price of $1.50 to $2.00 based on the Company's current business and level of development."
Safe Harbor forward-looking statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reforms Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to replace and expand.
Veltex Corporation
Investor Relations, 212/560-9820
http://www.veltexcorp.com
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