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Microcap & Penny Stocks : VLVT (was CSMA)

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To: Investor Clouseau who wrote (11554)8/18/1999 4:33:00 PM
From: Investor Clouseau  Read Replies (2) of 11708
 
spoke to Barry Kaplan regarding Veltex Corp. (VLVT). He said VLVT took over the CSMA shell the beginning of June. No dilution going on. He also informed me that Mr. Matin told him they would be filing with the SEC within about 2 weeks.

The company they are looking at acquiring is in South Carolina and he believes they have contacts with JC Penney. VLVT plans on taking the looms from South Carolina to Bangladesh where labor is much cheaper.

CEO Javeed Matin (213)627-9194

Barry Kaplan (732) 747-0702

good luck to all,
IC, long VLVT; not a buy recommendation
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