posted
I hear you,but thats the problem with this stock,this news has been out for awhile.Great company been growing and profitable,but no buyers.someone will eventually start to notice this company.
quote:Originally posted by osubucks30: This is a GREAT BUY!!
Look at their revenues! 5.5 million in 1999 8.7 million in 2001 13.9 million in 2002 19.99 million in 2003
Already reported revenue of 10.9 million in first quarter this year!! On target to exceed their estimates of 25 million!
Plus they are profitable!! 1.3 million in 2001 1.65 million in 2002 1.53 million in 2003 857,000 in first quarter this year!!!
posted
You're preaching to the choir,I believe you.,and it looks awesome maybe people will finally realize for a penny stock this is unheard of.Instead of buying all these hyped stocks,for a penny they can get a proven,growing profitable company.i will be buying more.Thanks for info
quote:Originally posted by osubucks30: The NEW INFO I got was their 2003 Balance Sheet! The company has a strong balance sheet!
In 2001 Assets were 11.11 million while liabilities were 2.8 million! Total equity = 8.3 million
In 2002 Assests were 15.3 million while liabilities were 4.0 million!+ Total equity = 11.3 million
NOW LOOK AT 2003 Assests 19 mllion (8.3 million cash) liabilities 3.2 million TOTAL EQUITY 15.8 million
This company is trading around a penny with a strong balance sheet and is growing revenues at over 20% a year!!
Contact them yourself and they will send you the 2003 numbers with balance sheet!!
posted
I agree!! This stock should be trading at book value!! Most stocks on the pink and otcBB have negative equity and way more shares and are trading at about the same level or even more then this company!!
Posts: 1458 | From: Ohio | Registered: Mar 2004
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posted
I keep waiting for people to compare these numbers and show me a stock like this for a penny,I would be all over it.Be glad to hear of some others for a penny(very rare).
quote:Originally posted by osubucks30: I agree!! This stock should be trading at book value!! Most stocks on the pink and otcBB have negative equity and way more shares and are trading at about the same level or even more then this company!!
[This message has been edited by tigertony (edited August 30, 2004).]
posted
Actually seeing the 2003 balance sheet was a first for me! You cannot get it on the internet!
Posts: 1458 | From: Ohio | Registered: Mar 2004
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posted
This is a textile company based in Bangladesh. Dealt with these fools many years back...A sweat shop trading on the pinks. Good luck when you try to complain to the SEC...Long ways to Bangladesh. Doubtful they do much of anything.I can speak of this cause I remember 4-5 years ago the stock actually hitting 25 cents on nothing but lies and hype.. Then went to nothing and wouldn't file paperwork and went to the pinks. I use to occassionaly look on the RB board to see what was going on with the stock after I sold. All it consisted of was a few people crying and wondering why they invested in this stock in the first place. Guess if ya give it long enough people forget...But I assure you I still have the bad taste in my mouth...Looks like they are at it again....Just watch yourself...
Brandon
[This message has been edited by brandwilliams (edited August 31, 2004).]
Posts: 390 | From: friendship, tn USA | Registered: Feb 2004
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Veltex Corporation Reports Net Income Growth of Over 270% for the First Half of 2004
Thursday September 23, 6:00 AM EDT
CITY OF INDUSTRY, Calif., Sep 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (VLVT), today announced record second quarter net income of $2.0 million, or $.01 per share. Total net sales for the quarter were $10.1 million. Total net sales increased more than 180% to $21.0 million for the six months ended June 30, 2004 from $7.4 million for the same period last year. Net income for the six months ended June 30, 2004 grew more than 270% to $2.86 million or $.0143 per share as compared to net income of $766,238 or $.01 per share for the first six months of 2003.
The increase in net sales and net income were do to organic growth and the successful integration of the Company's acquisition of KCA Garment Industries.
Javeed Matin, Chairman and CEO stated, "We are excited by the tremendous success we have had in integrating our acquisition, growing our core business and increasing profitability. Additionally, in order to accelerate our growth we have hired advisors to help the Company explore its strategic alternatives."
Veltex sales in 2003 totaled $19.99 million, Company sales in 2002 totaled $13.9 million, and sales in 2001 were $8.7 million. Audited financial statements for the Company's 2001 and 2002 results are available at the investor relations section of the Company's website.
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.
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 Reforms 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.
For further information, please contact Paul Knopick of E & E Communications, +1-949-707-5365, pknopick@eandecommunications.com, for Veltex Corporation.
SOURCE Veltex Corporation
CONTACT: Paul Knopick of E & E Communications, +1-949-707-5365, pknopick@eandecommunications.com, for Veltex Corporation
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