Replies to post #62830 on The Jailhouse (JAIL)

[Miamimice]

Kind Attention Re: Veltex Corp Scam & Forgeries (VLXC)

This message will be circulated to all concern including textile/clothing companies, news media and investment community to protect the innocents as per common human decency.

" Warning to those buying Veltex shares and doing business with Javeed Matin CEO of Veltex Corporation"

First note: Veltex Corporation's CEO Javeed Matin want to do business with you is "just to use your good company's name so that he can issue PR NEWSWIRES to pump his share price and dump some stock" "DO BUSINESS WITH THIS CROOK JAVEED MATIN UNDER YOUR OWN RISK".

Dear Sir/Madam,

We are a group "consisting of present director, shareholders with financial stake in Velvet Textile Mills Ltd. of Bangladesh. We are writing to warn investing public and honest business establishment around the world regarding Veltex Corporation and CEO Javeed Matin's relentless scam, cheating, defrauding, wire frauds and massive forgeries to defraud investing public.

Please note, Copy of this letter is also mailed to Veltex Corporation's attorney Mr. Jaak Olesk as well as to the enforcement division of the United States SEC in Washington DC. and other American state regulatory agencies for taking necessary actions after fair investigation of our complaint.

Veltex corporation is a publicly trading company under the U.S. pink sheet with present stock trading symbol VLXC (past symbol "VLVT" "Velt")

Central to this "Relentless Scam and Forgery" is:-

(1) Central to this scam is a small textile factory in Comillah, Bangladesh. That was "PARTIALLY" put up under the name of Velvet Textile Mills Ltd., in 1996. However, this factory never ever went into commercial production or completed as planned, since 1996 till present day.

(2) Using the name of Velvet Textile Mills Ltd., of Bangladesh, Veltex Corporation's CEO, one male name Javeed Matin is defrauding mostly American investors. (Please note Mr. Javeed Matin was refer and quoted openly in public as "International Fraud" by former senior industry minister of Bangladesh Mr. Tofail Ahmed.)

(3) Since 1997 to present days Javeed Matin is issuing "HOAX" PR Newswires claiming tens of millions of dollars in sales and profits of Velvet Textile Mills Ltd of Bangladesh. But in reality, not a penny worth of sales or profit ever came from the Velvet Textile Mills Ltd., of Bangladesh. Because, This factory never ever went into commercial production till today.

(4) Most recently, Veltex Corporation CEO, Javeed Matin issued another "100% FORGE" 2003 audit cooked in Bangladesh. Claiming some $15 million in sales and some $3 million in net profits. "THE REALITY IS NOT A PENNY WORTH OF SALES CAME FROM VELVET TEXTILE MILLS OF BANGLADESH" It is 100% forgery"

(5) Furthermore, there are no legal relationship between Veltex Corporation and Velvet Textile Mills. Ltd. Mr. Jaac Olesk, Corporate Attorney for Veltex Corporation was challenged about it 4 weeks ago and he remained silence in this regard. Past attorneys of Veltex Corporation simply left Veltex Corporation when identical question's were ask to them regarding Javeed Matin's relentless forgeries. (All without confirming)

(6) Please also note, Veltex Corporation does not have any Vertically Integrated Textile manufacturing operation in Bangladesh. This is also 100% Hoax and forgery by CEO Javeed Matin as claimed by him in every PR Newswires.

(7) Another forgery is the claim in 2003 audit, "that was cooked in Bangladesh" claiming Tens of Millions of dollar in profits are hold up in Bangladesh by some (unknown Bangladeshi bank) regulation is 100% lies, Hoax and forgery. Veltex Corporation's shareholders should demand Veltex Corporation's attorney to name the bank or name any Bangladeshi government officials to confirm this claim.

(8) present asset value of Velvet Textile Mills Ltd. is less than $500K. However, Javeed Matin, without the knowledge of other Directors took money from local bank against this factory and ran away to USA with bank money and now again defrauding investors in U.S.A.

Javeed Matin's relenless crimes must be stopped and he must face justice.

Under the penalty of purjury, I hereby declare that the above statement is 100% true and Veltex Corporation's attorney can contact me anytime by phone, email, letters to clarify our position in person or before any court of law, anywhere,

Thanking you,

On behalf of Directors and Interested parties of
Velvet Textile Mills Ltd. Bangladesh

Name: Deleted here
Phone:DELETED HERE Email: [e-mail]
Address: Deleted Here