posted
If this profit holds true this stock is way undervalued....
Veltex Announces Record Sales and Profit in 2004
CITY OF INDUSTRY, Calif., Feb 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (Pink Sheets: VLXC), a vertical manufacturing, import and distribution company for apparel and accessories, announces preliminary, unaudited, consolidated financial results for Calendar Year Ending December 31, 2004.
Total revenues were $41,639,889. Net income was $6,034,417.
Javeed Matin, CEO of Veltex Corporation commented, "We are proud of the growth of our Company and look forward to even greater heights in 2005. At this time I would like to extend a heartfelt thank you to all of our worldwide employees, suppliers, contractors, customers and shareholders. Keep up the Good Work!"
As far as 2005, Mr. Matin commented, "We anticipate our completed US GAAP quality audit for 2003 will be issued approximately March 15, 2005. The 2004 audit is expected to be issued approximately April 15, 2005."
Posts: 54 | From: NY | Registered: Feb 2005
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