CITY OF INDUSTRY, Calif., Oct. 16 /PRNewswire-FirstCall/ -- Veltex Corporation (Pink Sheets: VLXC) today 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. The outstanding share figure was misstated in the last press release and should have read 28,647,309. ABOUT VELTEX CORPORATION 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. It designs and manufactures Brand named apparel and caps for the promotional products industry as well as the retail trade. It manufactures high quality custom Headwear for a variety of labels and specialized textiles primarily for use by manufacturers of automobile interiors, upholstery for furniture manufacturers, and ready to wear garments. It specializes in denim, microfilament, velvet, twill, canvas, duck and pinpoints oxford fabrics and a recently added organic cotton line of clothing. (See recent press release) Veltex Corporation is committed to providing superior apparel and textile products to the world at the lowest possible price and with delivery times superior to any in the industry. It is equally committed to always exceeding customer expectations and to increasing shareholder value. FORWARD-LOOKING STATEMENTS Safe Harbor: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to replace and expand. Other corporate websites include: URL: http://www.veltexcorp.com/ or http://www.veltexapparel.com/ or http://www.veltexcanada.com/ or http://www.veltex.com/ DATASOURCE: Veltex Corporation CONTACT: Veltrex Corporation, +1-909-595-1977 Web site: http://www.veltexcorp.com/

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