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Veltex Signs Letter of Intent to Acquire North American Major Retail Supply Company.

Publication: PR Newswire
Publication Date: 11-APR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CITY OF INDUSTRY, Calif., April 11 /PRNewswire-FirstCall/ -- Veltex Corporation announced today that it has signed a Letter of Intent to purchase a major profitable North American (US and Canadian) retail store supply company in a stock and cash deal. Javeed Matin, Veltex CEO, stated, "This acquisition moves us one giant step closer toward achieving our goal of becoming a premier presence in the North American textile business, and will substantially increase the size of our corporation and raise our revenue base by multi-millions of dollars...

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