Veltex Corporation Announces New Management Chief Operating Officer for Veltex Canada

    CITY OF INDUSTRY, Calif., Aug. 10 /CNW/ -- Veltex Corporation (Pink
Sheets: VLXC) today announced that Mr. Robert St-Amant has joined Veltex
Corporation as new Chief Operating Officer of Veltex Canada. Mr. St-Amant has
more than fifteen years experience in the textile business in Canada where he
has held positions of increased responsibility throughout his career.
    Javeed Matin, CEO of Veltex Corporation commented: "We are thrilled that
Robert has agreed to join our team.  His extensive sales experience is
exceeded only by his demonstrated management abilities where he has excelled
at strategic planning, market analysis, budgeting, inventory control, account
tracking and customer service.  His team building skills make him a natural to
complement our aggressive growth strategies in both the promotional product
industry and retail supply business."  He continued by saying: "Mr. St-Amant
will handle all aspects of the Veltex-Canada business and allow corporate
management to concentrate on broader corporate interests and the continued
re-organization of the various subsidiaries that make up Veltex Corporation.
As a result of Veltex's continued growth, further management restructuring
announcements can be expected in the near future company wide "
    Mr. St-Amant has had an extensive well-rounded career with major brands
within both the retail and corporate apparel businesses in Canada.  In
addition, his proven success rate in both the Distributor and Manufacturing
sectors are key to Veltex-Canada and its continued growth in those sectors.
Robert St-Amant stated: "I am pleased to become a part of the modern
aggressive growth oriented business that is Veltex-Canada and Veltex
Corporation.  I am most confident in Veltex's ability to develop new market
opportunities for the Veltex brand throughout Canada and more thoroughly
dominate market share with our existing customers.  I look forward to a
prosperous and long lasting relationship with an expectation of much success."
    Veltex Canada has grown rapidly. For example, the company now has more
than 1,400 clients and over 40,000 square feet of office and warehouse space
in Toronto, Canada.  The corporate office employs 20 full time staff members
along with several part time employees.  Veltex Canada is 100% owned by Veltex
Corporation and the Canadian subsidiary's website can be visited at
    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,
crofilament, 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.
    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: or or or

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For further information: Veltex Corporation, +1-866-4-VELTEX, Web Site:        

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