Apparel store Veltex Corporation announced that it has scheduled a Board of Directors' meeting on December 16, 2005 to discuss terms of an initial shareholder dividend, as well as other important corporate matters. Details will be announced on December 19, 2005.
Javeed Matin, CEO of Veltex Corporation commented, "Company is proud of strong growth accomplishments and very appreciative of loyal shareholders' support. As previously stated, we firmly believe that VLXC shares are clearly undervalued based on our record revenue and profitability trends."
"Therefore, it is certainly appropriate that our shareholders participate in our success by being rewarded with a very attractive dividend distribution. We look forward to another great year in 2006 and wish all consumers, distributors, associates, and shareholders a very happy and healthy holiday season!"
Veltex, a manufacturing, import and distribution company for the Promotional Products Industry in Canada; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100 percent cotton twill, denim, and sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.
marketing@alchempro.com
