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Veltex Q1 revenue up 25% recorded

27
Aug '07
Veltex Corporation announced that sales for the first quarter of 2007 were $18,251,239 as compared to $14,620,491 for the first quarter of 2006 for an increase of $3,630,920 or almost 25%. Net profit was $1,930,551.

Veltex Corporation CEO Javeed Matin stated, "We continue to grow our business at a record pace as evidenced by the Q1 figures presented herein. Our warehouse in Canada is now up to full speed and goods are entering and leaving even more rapidly than I had initially hoped."

"We are entering new markets almost daily. With new brands and new licensors coming on board we will continue to see our products in ever-increasing venues and enjoy ever increasing revenues. We expect second quarter figures to be released shortly."

Veltex Corporation headquartered in City of Industry, California, with distribution centers in the USA and Canada and with factories in Bangladesh, is a rapidly expanding vertical manufacturing and import/export company.

Veltex Corporation


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