Veltex Corporation (VLXC)

[Growth And Value]

Until I'm proven wrong, I'm going to place a higher valuation based on K.C.A. Garments. I think these three links provide some basis for my argument. I just think the stock was more fairly valued when it was $2.55 a few months ago.

http://money.cnn.com/news/deals/mergers/reports/669414040.html

KCA Garment Industry Ltd &
Veltex Corp Update Date: 07/29/04
Date Announced: 01/22/04
Value (million $USD): n/a

Status: Completed


TRANSACTION DETAILS
Date Announced 01/22/04
Date Originally Announced 01/22/04
Format Acq. of Assets Acquisition techniques Not Applicable
Attitude Friendly Agency n/a
Value n/a Advisor Fees n/a
SYNOPSIS
BANGLADESH - Veltex Corp acquired KCA Garment Industry Ltd, a shirts, jackets, and overalls manufacturer.


TARGET
Name KCA Garment Industry Ltd
Industries Women's, misses', & juniors' blouses and shirts; Broadwoven fabric mills, cotton
City Dhaka
State n/a
Nation Bangladesh
Incorporated in n/a
Public Status Private
Business Description Manufacture shirts, jackets, overalls
Advisors n/a
Target Sales n/a
ACQUIROR
Name Veltex Corp (Pink Sheet : VLVT)
Industries n/a
City City Of Industry
State CA
Nation United States
Incorporated in UT
Public Status Public
Business Description Manufacture textiles
Advisors n/a
Acquiror Sales n/a

http://www.apparelresources.com/defaultnextseven.asp?msg=4187&cod=newsindetail&nam=


Veltex to Buy Bangladeshi Shirtmaker

US clothing and fabric maker Veltex’s clothing division has signed a letter of intent to acquire Bangladeshi shirtmaker KCA Garment Industries for an undisclosed sum. KCA Garment is a long-standing customer of Veltex’s textile unit, has 750 employees and reached sales of $ 14.1m (€ 11.2m) in 2003.

http://www.bdtradeinfo.com/yellowpages/search.asp?search=Veltex&B1=GO

Title: . Veltex Corporation
Address: . 36 Kamal Ataturk Avenue Delta Dahlia 2/B Banani
City: . Dhaka-1213
Country: . Bangladesh
Telephone: . [phone]
Fax: . [phone]