CITY OF INDUSTRY, Calif., Aug. 24 /PRNewswire-FirstCall/ -- Veltex Corporation (Pink Sheets: VLXC) today announced that sales for the first quarter of 2007 were $18,251,239 as compared to $14,620,491 for the first quarter of 2006 for an increase of $3,630,920 or almost 25%. Net profit was $1,930,551. Veltex Corporation CEO Javeed Matin stated, "We continue to grow our business at a record pace as evidenced by the Q1 figures presented herein. Our warehouse in Canada is now up to full speed and goods are entering and leaving even more rapidly than I had initially hoped. We are entering new markets almost daily. With new brands and new licensors coming on board we will continue to see our products in ever-increasing venues and enjoy ever increasing revenues. We expect second quarter figures to be released shortly." 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: Veltex Corporation, +1-909-595-1977 Web site: http://www.veltexcorp.com/ http://www.veltexapparel.com/ http://www.veltexcanada.com/ http://www.veltex.com/

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