Veltex Corporation (VLXC)

[Growth And Value]

I have followed all of the fundamentals very closly, as well as the share counts since I became a shareholder in November, 2004. I keep track of everything in a spreadsheet. I have gathered this from various p.r.s, www.otcgrowth.com, the veltex website, and other research sites. While I can't guarantee it's accuracy, it's the best that I can do.

As of 12/31/2004 shares outstanding 6,676,035
float was approx. 2 Million per otcgrowth.com at that time
Insiders approx. 4.7 Million

I believe that Giget Worldwide was purchased somtime in March 2005 which accounts for perhaps 800,000 shares.

As of 04/20/2005 shares outstanding 7,498,087
float was approx. 3 Million per otcgrowth.com at that time
Insiders approx 4.5 Million

As of 06/01/2005 shares outstanding 10,000,000
float approx. 3 Million per a press release
Explorer Headgear received about 2.5 Million shares I believe.
Insiders own approx. 4.5 Million

I believe that Veltex (North America-including Canada) fair value is about $2.50.

Bangladesh operations?

Total fair value $2.50 +