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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Yvan Coessens who wrote (7910)	8/24/1999 10:38:00 AM
From: SSP	Read Replies (1) \| Respond to of 150070

VLVT - you bet! ;-)

To: Yvan Coessens who wrote (7910)	8/24/1999 10:40:00 AM
From: SSP	Respond to of 150070

DCGR - personalteacher.com - this should be drawing nearer!

To: Yvan Coessens who wrote (7910)	8/24/1999 11:00:00 AM
From: SSP	Read Replies (1) \| Respond to of 150070

VLVT-08/24/99 - VELTEX CORPORATION ANNOUNCES FILING OF FORM 10 IN NEXT 30 DAYS; BOOK VALUE REACHES $1.07 PER SHARE LOS ANGELES, Aug 24, 1999 /PRNewswire via COMTEX/ -- VELTEX CORPORATION (OTC Bulletin Board:VLVT ) announced today that it will be filing its Form 10 to become a fully reporting company in the next thirty days. Currently VELTEX has 7,267,697 shares of common stock outstanding, updating the incorrectly published number of 5,470,330 shares from the August 18, 1999, press release. The current book value is $1.07 per share. VELTEX CORPORATION President and Chairman, Javeed A. Matin, stated, "Filing our Form 10 and becoming a fully reporting company is just one ofthe important steps we are taking to build our credibility as a publicly tradedcompany." VELTEX CORPORATION is a manufacturer and distributor of high-quality, specialty textiles primarily for use by manufacturers of furniture, automobile interiors and ready-to-wear garments. Its manufacturing facilities, managed by a former U.S. textile industry executive with more than 30 years experience, are strategically located in Comilla, Bangladesh employing 315 people. This location permits quota-free importing to USA markets thereby affording significantly higher profit margin potential than its competitors in India and Pakistan. Company sales and distribution centers are located in the prestigious California Mart in Los Angeles as well as in Canada, Europe, Asia and Bangladesh. Reader's Caution: Statements contained in this press release are basedon information provided by the company and are believed to be reliable. The statements are not to be construed as investment advice. The Publisher as to the financial condition, business or other factors of the company. This release may contain forward-looking statements within the meaning of the private securities litigation reform act of 1995, such as expectations regarding the planned dates for commencement of proposed projects and the scope of those projects. Such forward-looking statements are inherently uncertain, and the actual results may differ from management's expectations. These uncertainties may include, without limitation, continued acceptance of the company's products and services, increased levels of competition, competitive new products and technological changes, and the company's dependence upon financing, third-party suppliers and intellectual property rights. Further information on potential factors which could affect the financial condition and results of operations of the company may be detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. SOURCE VELTEX CORPORATION (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Javeed A. Matin of VELTEX CORPORATION, 213-627-9194; or Press: Barry S. Kaplan, 732-747-0702, smallkap@aol.com, for VELTEX CORPORATION (VLVT)