VLXC.PK

[setravis]

Veltex Corporation Issues Strong Q3 Results
Let's see what's cooking?

[setravis]

BUSINESS SUMMARY   
Veltex Corporation, through its subsidiary, Velvet Textile Mills engages in the production and distribution of specialized textiles for use by manufacturers of automobile interiors, furniture, and ready-to-wear garments. These materials include jacquard, denim, microfilament, velvet, twill, canvas, duck, and pinpoint oxford fabrics. The company, through its subsidiary, Veltex Apparel, engages in the distribution and wholesaling of apparel promotional products; and also imports caps, twill sport shirts, golf shirts, T-shirts, and other apparel products into the United States for use in the promotional products industry. Veltex Apparel distributes its products through its sales, warehousing, and distribution facilities. Through Veltex Transportation, the company operates as a long distance carrier of general freight on a full load or less than load basis. In February 2004, Veltex, through its subsidiaries Veltex Apparel and Velvet Textile Mills, completed the acquisition of KCA Garment Industries of Dhaka, Bangladesh.

[setravis]

Press Release Source: Veltex Corporation


Veltex Corporation Issues Strong Q3 Results
Monday October 10, 12:39 pm ET


CITY OF INDUSTRY, Calif., Oct. 10 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLXC - News) today reported (unaudited) revenue of $16,740,888 for the third quarter of 2005 and net pre-tax income of $3,318,177. First half revenue is restated at $25,956,800 and includes $7,795,800 from Velvet Textile Mills that was omitted from the previous press release solely based on the fact that those figures had not yet been finalized at the time of publication. Net income from the Mill for the same period was $1,637,118. Revenue for the first three quarters of 2005 is $42,697,688 and income is $6,311,295.

Javeed Matin, CEO of Veltex Corporation stated: "We are excited with our progress in expanding our business and our continued strong revenue stream. Our tradeshow attendance is paying dividends as distributors are coming on-board in ever increasing numbers. Veltex-Explorer is fully integrated and making significant contributions to our bottom line and our licensing agreements are proving fruitful. We feel certain that we will meet our revenue goal of $60 million for 2005 with a net income of between $9 and $10 million. As we look forward to annual increases in revenue and net income, we obviously feel that our stock is considerably undervalued. We are confident that our efforts will remedy this situation in due course."

There are 9,732,087 shares currently outstanding with expected 2005 earnings of $.92 - $1.02 per share.

Veltex Corporation is a vertical manufacturing import and distribution company composed of four divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry and distribution of merchandise in the U.S. market; Veltex-Explorer, Inc. (Explorer Headgear), a manufacturing, import and distribution company for the Promotional Products Industry in Canada; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, and sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.

Safe Harbor: 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 Reform 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.

URL: http://www.veltexcorp.com/ or http://www.veltexapparel.com/ or http://www.explorergear.com




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Source: Veltex Corporation

[setravis]

Seeing some sings of life
+ 10.00%......Volume @.....111,500

[bigdogs99999]

Interesting pick.  I am trying to do some DD, and information is hard to find!     A dollar per share stock with a dollar per share earnings ... does not make sense? 

[wrangler]

Hi setravis
Didn't know you had a tread posted on VLXC. I posted that as a weekly pick on wranglers weekly pick. I recieved an alert on it tonight in an e-mail from a reliable source. My guess is the strong earnings and future projections is helping this stocks actions. :)r

[setravis]

News Out........

Press Release Source: Veltex Corporation


Veltex Corporation Announces 2006 Guidance
Monday October 24, 10:01 am ET


CITY OF INDUSTRY, Calif., Oct 24 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLXC - News) 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.
ADVERTISEMENT


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."

Veltex Corporation is a vertical manufacturing import and distribution company composed of four divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry and distribution of merchandise in the U.S. market; Veltex-Explorer, Inc. (Explorer Headgear), a manufacturing, import and distribution company for the Promotional Products Industry in Canada; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, and sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.

Safe Harbor: 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 Reform 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.

URL: http://www.veltexcorp.com/ or http://www.veltexapparel.com/ or http://www.explorergear.com




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Source: Veltex Corporation

[ma7]

nice pick setravis
I got an e-mail from  hototc.com    and here is the e-mail

   VLXC


I think it's pretty rare to find a company that is actually trading at expected earnings!  Actually it's probably unheard of.  Many companies trade at multiples times their earnings, most don't make money and may never make money.

A company like VLXC is a true hidden gem!!  VLXC is truly a rare breed.  They reported revenues of  $40 million in 2004 and on target to make $60 million this year!!!  When wallstreet catches wind of this company, I don't think we will see these prices for very long.  A company profile can be read at  http://www.veltexcorporation.com

Clothing is probably one of the most lucrative types of business out there.  Its no wonder every actor, singer, and rapper eventually starts their own line.  Clothing is where the money is.  VLXC also owns Veltex Explorer which makes hats for top name brands.  Their licenses include: John Daly, Everlast, Indian Motorcycle, Top Flite, Strata, Navigator, Budweiser, Tommy Hilfiger.  All the brands can be viewed here: http://www.explorergear.com

Upon speaking to Javeed Martin, the CEO of VLXC I learned a very interesting story.  Mr. Martin started out as a small cap investor himself.  He had invested his life savings into a company trading at $2 which eventually went to the high $80s where he cashed out and made millions.

Maybe the company he started will do the same for other small cap investors?  The future for VLXC definitely looks bright.  Clothing will always be in style and VLXC's revenues continue to grow every year.

Read over all of VLXC's press closely, and you will agree with me that this company is truly undervalued.


Veltex Corporation Issues Strong Q3 Results
http://biz.yahoo.com/prnews/051010/lam067.html?.v=25
PR Newswire (Mon, Oct 10)

Veltex Reports Record Six Month Results
http://biz.yahoo.com/prnews/050928/law052a.html?.v=1
PR Newswire (Wed, Sep 28)

Veltex Reports Strong Sales Results with Canadian Promotional Products Division
http://biz.yahoo.com/prnews/050912/nym148.html?.v=18
PR Newswire (Mon, Sep 12)

Veltex Obtains Licensing Rights to Market John Daly Branded Products to the Promotional Products Industry in the United States and Canada
http://biz.yahoo.com/prnews/050728/lath069.html?.v=21
PR Newswire (Thu, Jul 28)

Veltex Corporation (VLXC) Research Report & WorldTalkRadio interview
http://biz.yahoo.com/pz/041029/66543.html
PrimeZone Media Network (Fri, Oct 29)

[bigdogs99999]

Hey guys - question.  I have been searching a couple of times and have struck out.  Love the revenue and earnings story here ... but I cannot find any corporate financials to verify (a) the shares outstanding and (b) any debt load.  Without that I cannot decide if this is an amazing find, or Samsonite in disguise.  Any info from anyone?   

[ma7]

Take a look at  VLXC's headquarter  pictures.

http://www.hototc.com/vlxcpic1.jpg ,

http://www.hototc.com/vlxcpic2.jpg,

http://www.hototc.com/vlxcpic3.jpg

[setravis]

Some action this morning...

[setravis]

Press Release Source: Veltex Corporation


Veltex Corporation Plans Dividend Distribution
Monday December 5, 8:01 am ET


CITY OF INDUSTRY, Calif., Dec. 5 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLXC - News) today announced that it has scheduled a Board of Directors' meeting on December 16, 2005 to discuss terms of an initial shareholder dividend, as well as other important corporate matters. Details will be announced on December 19, 2005.

Javeed Matin, CEO of Veltex Corporation commented, "We are proud of our strong growth accomplishments and very appreciative of our loyal shareholders' support. As previously stated, we firmly believe that VLXC shares are clearly undervalued based on our record revenue and profitability trends. Therefore, it is certainly appropriate that our shareholders participate in our success by being rewarded with a very attractive dividend distribution. We look forward to another great year in 2006 and wish all consumers, distributors, associates, and shareholders a very happy and healthy holiday season!"

Veltex Corporation is a vertical manufacturing import and distribution company composed of four divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry and distribution of merchandise in the U.S. market; Veltex-Explorer, Inc. (Explorer Headgear), a manufacturing, import and distribution company for the Promotional Products Industry in Canada; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, and sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.

Safe Harbor: 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 Reform 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.

URL: http://www.veltexcorp.com/ or http://www.veltexapparel.com/ or http://www.explorergear.com




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Source: Veltex Corporation

[ma7]

Press Release Source:

Veltex Corporation


Veltex Corporation Confirms 10% Stock Dividend to Shareholders of Record as of February 28, 2006
Tuesday February 21, 12:35 pm ET


CITY OF INDUSTRY, Calif., Feb. 21 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLXC - News) is pleased to announce that further to its December 19, 2005 Press Release, a stock dividend will be paid on March 30, 2006 to the Issuer's shareholders of-record as of 3:00 o'clock p.m. Mountain Standard Time on February 28, 2006, at the rate of 1 share for every ten shares held of record.


Javeed Matin, CEO of Veltex Corporation, stated "This stock dividend is the result of Veltex's consistent financial performance and the optimistic outlook for the ongoing operation of the Company. We will continue to strive to increase shareholder value and we appreciate shareholder support over the past several years as we expanded operations globally. "

Certificates representing the dividend shares will be mailed via first class mail by the Issuer to shareholders entitled to receive the dividend at their of-record addresses. Certificates to be issued in respect of shareholders who hold unrestricted shares will be issued free of any restricted legend; certificates to be issued in respect of shareholders who hold restricted shares will be issued with the standard form restrictive legend utilized by the Issuer's transfer agent stamped on them. In the event an of-record shareholder holds both unrestricted and restricted shares, the share dividend will be applied separately to such positions.

About Veltex

Veltex Corporation is a vertical manufacturing import and distribution company composed of four divisions: Veltex Apparel, specializing in apparel and apparel accessories for the Promotional Products Industry and distribution/supplying of merchandise in the U.S. market; Veltex-Explorer, Inc. a manufacturing, import and supplying company for the Promotional Products Industry in Canada; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including 100% cotton twill, denim, and sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.

Safe Harbor: 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 Reform 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.




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Source: Veltex Corporation

[runner2847]

So how does that work if you sell the day after the date of record? Do they give you 1/10th of the shares you held on the issuance date? Sounds intersting.

[setravis]

Press Release Source: Veltex Corporation


Veltex Corporation Reports Strong Third Quarter 2006 Earnings; Second Straight Quarter With Revenues Exceeding $19 Million; Company Remains Focused on Growth and Increasing Profitability
Tuesday December 12, 6:00 am ET


CITY OF INDUSTRY, Calif., Dec. 12 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLXC - News) today announced revenues for the third quarter of 2006 of $19,211,913. Revenues have now topped $19 Million for the second consecutive quarter.


Revenues for the nine months ended September 30, 2006, totaled $53,155,810. Gross Profit for the nine months ending September 30, 2006 were $15,689,013 with net income totaling $5,781,594. Veltex is expecting to reach approximately $70,000,000 total revenue in 2006 with over $7,000,000 net profit. Earnings per share for the twelve months ending December 31, 2006 will reach our target of $0.35 per common share.

With approximately 20 million shares outstanding, Veltex Corporation is pleased to report earnings per share of $0.29 through the first nine months of 2006. A copy of the full financial report can be found on the companies website at www.veltexcorporation.com.

Javeed Matin, CEO of Veltex Corporation, stated, "I am delighted at how the company has performed during the first three quarters of 2006. The major acquisition of Veltex-Canada earlier in the year has continued to help us drive revenue and increase growth."

Matin stated further, "Our foresight in increasing our inventories during the first half of the year has proven to be of major benefit in that we were able to keep our retail customers amply supplied during the holiday shopping season. We continue to seek new opportunities for growth in our North American operation and we are currently engaged in seeking an additional outlet in the United States."

He added, "I want to personally thank all of our shareholders for their continued support."

ABOUT VELTEX CORPORATION

Veltex Corporation headquartered in City of Industry, California, with distribution centers in the USA, Canada and factories in Bangladesh, is a vertical manufacturing and import/export company with five subsidiaries. It designs and manufactures Brand named apparel and Caps for the promotional products industry. Also, it manufactures high quality custom Headwear for Tommy Hilfiger, specialized textiles primarily for use by manufacturers of automobile interiors, upholstery for furniture manufacturers, and ready to wear garments. It specializes in denim, microfilament, velvet, twill, canvas, duck and pinpoints oxford fabrics.

Veltex Corporation is committed to providing superior apparel and textile products to the U.S. and Canada at the lowest possible price and with delivery times superior to any in the industry. It is equally committed to always exceeding customer expectations and shareholder value.

FORWARD-LOOKING STATEMENTS

Safe Harbor: 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 Reform 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.

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Source: Veltex Corporation