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Veltex Corporation H1 revenues up 6%

18
Oct '07
Veltex Corporation announces 2007 Q2 results; posts six percent first half revenue increase.

Veltex Corporation announced second quarter revenue of $17,347,598 and net profit of $1,908,128. First half revenue was $35,598,837 as compared to $33,448,897 for the same period in 2006.

Veltex Corporation CEO, Javeed Matin, commented, "We are on-track to exceed last year's record performance. A big part of that expectation is our North American entity's continued penetration of their target markets."

"We will soon be evaluating the feasibility of continuing or expanding our China enterprise. An update of this venture will be provided next month."

At present, the Auditor, our Attorney and Comptroller are in our office making a concerted effort to finish the audit as soon as possible. Their present expectation of completion is the end of this month.

Veltex Corporation


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