Veltex Corporation (VLXC)

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Veltex Corporation Announces 2006 Guidance

CITY OF INDUSTRY, Calif., Oct 24, 2005 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (OTC: VLXC) today announced its forward-looking estimates for 2006. The Company expects to continue its successful growth trend with further good advances in revenue and profitability.
Veltex had previously announced that 2005 gross revenues are projected to surpass $60 million with net income of between $9 and $10 million. There are currently 9,732,087 shares outstanding with expected 2005 net earnings of $.92 - $1.02 per share.

Javeed Matin, CEO of Veltex Corporation commented, "All of our divisions continue to grow at record levels and we have brought on many new distributors in the past few months. We are very proud of our rapid expansion and growth progress since 2001 when our total revenues were $8.7 million. We are committed to maximizing share valuations for our loyal shareholders and expect to announce further synergistic acquisitions in the future."