CITY OF INDUSTRY, Calif., Dec. 10 /PRNewswire-FirstCall/ -- Veltex Corporation (Pink Sheets: VLXC) today announced that Michael Pearl has been named COO of Veltex Apparel. Mr. Pearl is a graduate of The University of Oregon with 34 years experience in the Textile Industry. His most recent position was Vice President of Sales and Marketing for World Wide Merchandising Inc., a major manufacturer of embellished apparel where he was instrumental in building a superior sales staff as well as developing new product lines. Mr. Pearl's resume includes positions of progressive responsibility with Tee Jays Manufacturing, A & R Inc. and STS Graphics. Mr. Pearl will handle the day-to-day business of Veltex Apparel leaving Mr. Matin free to concentrate on the re-organization of the corporation as well as seeking additional growth opportunities. Mr. Pearl will work closely with our manufacturing arms in merchandising and new product design. Javeed Matin, CEO of Veltex Corporation stated: "We welcome Mike Pearl at a time when our company is on the precipice of a new and more exciting era as we make changes in our operation and position it for rapid growth. Mike Pearl brings a unique talent to our organization and his proven abilities will help us continue to move forward." "With our ability to manufacture at competitive prices, and to hold sufficient inventory for sale and back up, I believe Veltex is positioned to become a leader going forward in the embellished apparel industry," said Mr. Pearl. "Our goal is to establish a reputation as a leading resource for branded merchandise suppliers throughout the United States and Canada." For the time being Mr. Pearl will also oversee the operation of Veltex-Canada where Robert St. Amant is leaving the company in order to pursue a personal venture in an unrelated industry. ABOUT VELTEX CORPORATION Veltex Corporation, headquartered in City of Industry, California, with distribution centers in the USA and Canada, 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. 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.veltex.com/ http://www.veltexcanada.com/

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