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.
http://www.veltexcorporation.com
http://www.veltexapparel.com
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