posted
There is another thread started on this one. This company is turning a profit. It had earnings of .01 and was priced at .01. They have big plans and should be a good long term hold. -IMO-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
| IP: Logged |
posted
sorry debbi--i don't look back 4 days for old topics in penny's--very seldom consider news even that old unless price doing something...steve Posts: 68 | From: arkansas USA | Registered: Dec 2003
| IP: Logged |
posted
Thinking about buying more of this stock. Strong first quarter. If only they would move from the OTC. I'm going to take a chance with this one. If they become fully reporting the price would go up 10X!! The 2001 and 2002 audits looked good. Hopefully they will release a 2003 audit!!
Posts: 1458 | From: Ohio | Registered: Mar 2004
| IP: Logged |
posted
Profitable Penny that is not diluting. Third Quarterly Increase in a row. This had been horribly shorted to .003 or less for years and when it announced it's income it spiked to .095. It has struggled with its price but when it announced it's 2003 profit of .01 it went to .035. This stock is selling for less than it's last years income and is on target to make more money this year. A possible long term hold and good gainer on announcement of earnings. IMO-Debi
VELTEX CORP (VLVT) 0.009 -0.0005 (-5.26%) as of 08/11/2004 at 03:21PM EDT (Other OTC Delay: 0 mins.)
Intraday 1 Mo 3 Mo 6 Mo 9 Mo YTD 1 Yr 3 Yr 5 Yr 10 Yr
VLVT -- Veltex Corp. (UT) Com ($0.001)
Address: 19977 Harrison Ave. City of Industry CA 91789 USA Phone: 909-595-1977 Company Website: http://www.veltexcorp.com
Officers: Javeed Matin, Pres. & CEO
Shares Outstanding: 187,731,946 as of 2004-07-23
Estimated Market Cap: 1.689M as of 2004-08-11
Current Capital Change: None
Dividends: None
State of Incorporation: UT
Company News and Press Releases From Other Sources:
Veltex Announces Record First Quarter Sales and Earnings
CITY OF INDUSTRY, Calif., Jul 13, 2004 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (OTC: VLVT), a vertical manufacturing, import and distribution company in the apparel industry that is headquartered with sales and marketing offices in City of Industry, Calif., with factories in Bangladesh, announced today that net sales in the first quarter of 2004 totaled $10.9 million. Net income in the first quarter totaled $857,306. "We are very encouraged by these profitable results and continue to project that total sales in 2004 will exceed $25 million," said Javeed Matin, Chairman and CEO. Veltex sales in 2003 totaled $19.99 million, Company sales in 2002 totaled $13.9 million, and sales in 2001 were $8.7 million.
Veltex' net income in 2003 was $1.528 million, in 2002 totaled $1.65 million and was $1.3 million in 2001. "Sales have grown from $5.5 million in 1999 to almost $20 million in 2003 under current management," Mr. Matin said.
Veltex Corporation is a vertical manufacturing, import and distribution company composed of three divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.
Company News and Press Releases From Other Sources: Veltex Attending Top California Printwear Show; Continuation of Effort to Meet Buyers DirectlyAug 12 2004 7:00AM ETVeltex Announces Membership in Key Promotional Products Trade AssociationAug 2 2004 7:01AM ETMoneyTV, Week of 7/30Jul 30 2004 10:03AM ETWebcast Alert: Investrend Broadcast Company Feature Veltex Corp. (VLVT.PK)Jul 14 2004 7:00AM ETVeltex Announces Record First Quarter Sales and EarningsJul 13 2004 2:11PM ETGlobal Explorations to Distribute Press Releases and Facilitate Public Relations for Veltex Corp; Fifth Public Company to Announce PartnershipJun 23 2004 6:31AM ETVeltex Attending Top Promotional Products Trade Show in ChicagoJun 21 2004 1:23PM ETMoneyTV, Week of 6/18Jun 18 2004 10:06AM ETVeltex Attending Top Promotional Products Industry Show in NortheastJun 9 2004 12:39PM ET'Veltex Update on World Talk Radio'May 24 2004 9:36AM ET MoneyTV, Week of 5/21May 21 2004 10:02AM ETVeltex Announces Record Sales in 2003May 19 2004 8:00AM ET
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
| IP: Logged |
posted
The company is projecting $25 million for this year. However with $10 million in sales in the first quarter they will surpass that. I'm thinking they will be over $30 million. Also there is talk about them providing promotional products to Sam Club or other mass merchandisers. Contracts to supply a single garment purchase to Costco and Sam's Club generally start at 5-million to 10-million pieces or approximately $20-million.
Posts: 1458 | From: Ohio | Registered: Mar 2004
| IP: Logged |
posted
I'm buying this stock and holding. I think the company is strong. Look at the 2001 and 2002 audits. Sure there is risk just like ALL investments but I think if they ever go to the OTCBB the price will explode upward!! I'm getting in this now while it is around a penny. They are making revenues of over .10 per share. Plus their sales are increasing nicely!! Just look at their first quarter earnings!
Posts: 1458 | From: Ohio | Registered: Mar 2004
| IP: Logged |
Veltex Launches First New Catalog 8/16/2004 7:02:00 AM
CITY OF INDUSTRY, Calif., Aug 16, 2004 /PRNewswire via COMTEX/ -- Veltex Corporation ( VLVT ), a vertical manufacturing, import and distribution company in the apparel industry that is headquartered with sales and marketing offices in City of Industry, Calif., and with its factories in Bangladesh, announced today that it has completed a new, 26-page catalog featuring the Company's products.
"We will be sending 30,000 copies of our catalog to key buyers and decision makers," said Javeed Matin, Chairman, CEO and Founder of Veltex. "This is a first for our Company and we have great expectations for this catalog."
Mr. Matin also said the Company will attend the prestigious California Gift Show this week in Las Vegas, while last week it attended the National Business Media's trade show in Long Beach, California. "This continues our efforts to meet the buyers, one on one, and this strategy has proven to be very effective," Mr. Matin said.
Veltex Corporation is a vertical manufacturing, import and distribution company composed of three divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.
posted
I been waiting for a move on this for awhile.Still don't see anything but upside,other than temporary profit takers here and there.I'm in for the long run.Normally would take some profit,just really like what I see.
quote:Originally posted by osubucks30: Still moving!! UP 40% TODAY!!!
[This message has been edited by osubucks30 (edited August 18, 2004).]
posted
It spiked up late yesterday, and I have been hearing people reference vlvt on other boards....wondering if there is something going on with it...any input here? Posts: 237 | From: CT | Registered: Jul 2004
| IP: Logged |
posted
Just a good company takin care of business and growing revenues.Hopefully people will eventually take notice been solid for awhile.LOL IMHO
quote:Originally posted by Poot Poot: It spiked up late yesterday, and I have been hearing people reference vlvt on other boards....wondering if there is something going on with it...any input here?
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
