Veltex Corporation (QB) (VLXC) News

And so we begin our rise once again!

A good quarter all things considered. On a run rate of $1.7 million with almost that inreceivables so, they should soon show positive cash flows, and the quarter was a positive net income. So chugging along. I know it's not fast enough for most of us, but this has been years in the making, so Patience.

yes well as I have said before the exit is they get bought or they buy and get uplisted. The history of this stock is littered with PRs. They have slowly and thoughtfully disclosed information in the past. PRs have failed to generate real interest, and I am sure they feel it is a waste of money. So the information you need is on OTC and at the shareholder meeting otherwise you just need to bide your time and hope they continue to keep the business model moving forward and find a way for real value realization.

Looks like we'll be making a new low for 2023. Let's hope 2024 isn't quite as boring. Good Luck everyone.

yes - well asking this company to pump its stock price up so you can sell is silly - the reality of this stock and the way you see full value is for it to be acquired. You could have attended the meeting if it means that much to you.

Ki is expressing how many shareholders feel, its why the stock is .18 and doesn't trade. It doesn't mean we are all gonna run out and sell our shares at .15, it would be dumb.

Not sure about the website. If you must know I could not leave my 84 year old mother alone because she had fallen recently. The proof is in the pudding, as they say, read the financials. Look at FB. Look at OTC Markets. Sell your shares

What news has been posted lately? Why do they have a website if they don't keep it updated? Are you satisfied with the progress of this company? Why don't you go to the share holders meeting instead of asking if someone is going? This company needs to do a better job of keeping the share holders informed. I can't believe you even taking up for these people. Don't you think it would be to their benefit to promote VLXC stock? Could be $1.00 instead of 0.20 cents.

A few thoughts, everything, as it pertains to newsworthy information (financials, PRs), is on the OTC Markets website under VLXC. As far as the votes, the Board holds more than 50% of the stock. And finally, Veltex Recovery has a very detailed Facebook page so feel free to visit it.

It doesn't matter if it's earth shattering or not, we hear nothing from these people. They have a stock holder's meeting and you hear nothing. Zero - who was elected or who wasn't elected. No news concerning earnings. They could post pics of the progress on the new facilities they're building. You can do that with a cell phone, but not even that. The website isn't even updated. Go to share holder news - nothing since 2022. I'm beginning to think things aren't going as planned, and if it is, we'll be the last to know about it. Guess it'll be another year before we hear anything. See y'all at the end of 2024. Merry Christmas.

I guess nothing earth shattering was disclosed today.

thanks for responding, I guess no one cares or is going to the meeting. It would be nice if we could have asked a few questions at the meeting since we never really get any info from the company.

Not sure I agree. Proof of concept, the fact that they are approved for that number of beds, that they are "protected" in an area that desperately needs help, and so on might yield a buyer sooner rather than later.

I really wanted to go but biz just got too crazy. I would ask about revenues (why the dip, expectations), revenue recognition and perhaps most importantly exit strategy or strategy to get the stock to trade at its real value.

Can we get a show of hand of someone who is going to the meeting who can represent us? Maybe we can generate some questions for the board since the rest of us won't be there.

do you really think they are gonna give you a reasonable answer? I'd say they gotta get the whole building open and generating nice revs for awhile, then you can guess on your question.

... and if someone can ask and report back when they plan on selling the company.

anyone going to the meeting? If so, hoping you can provide a summary of it on this site. #1 question, where are we with the 32 new beds?

@jasper89 there is definitely a lag between incoming patients, billing and receipt. And I believe they cannot recognize the revenue in GAAP until they receive the funds from the insurer which in most cases I am sure is Medicaid and the like.

Accounts Receivable:
2022 $ 13,140 (whole year when biz had really not started yet)
1st qtr '23 $128,163 (biz starts)
2nd qtr '23 $454,220
3rd qtr '23 $672,694

Revenues:
1st qtr '23 $115,070 (biz starts)
2nd qtr '23 $372,764
3rd qtr '23 $271,474 (lower than 2nd qtr)
total 3 qtrs '23 $759,308

Its obvious that AR started to build during the 1st qtr '23, and build more each qtr. They get a patient and have to collect from the agencies like Medicaid, which must take months, so it gets put in AR?

So are their real revenues $759,208 (reported) so far after 3 qtrs in '23, or could they be $1,431,902 ($759,208 revs + $672,694 AR)?
The big AR number means something, no? It makes a difference as revs almost double with AR.

Appreciate any input/comment.

That is correct - will be interesting to find out why at the meeting.

3rd qtr revenues, looks like they may have dropped about 29% from 2nd qtr numbers. Anyone clarify?

https://www.otcmarkets.com/otcapi/company/financial-report/386358/content

Veltex Corporation Announces the 37th Annual Meeting of Shareholders

PR Newswire

CHICAGO, Nov. 14, 2023

CHICAGO, Nov. 14, 2023 /PRNewswire/ -- Veltex Corporation (OTCQB: VLXC) ("Veltex") announces the 37(th) Annual Meeting of Shareholders will be held on Tuesday, December 12, 2023, at the Mount Hope Campus of Veltex Recovery Group. The property is located at 101 Martin Drive, Mount Hope, West Virginia, USA, 25880. Telephone 1-312-235-4014.

Veltex Corporation Announces the 36th Annual Meeting of Shareholders

The 2023 Annual Meeting will begin at 10:00 a.m. Local Time. Only shareholders of record may attend the Annual Meeting.

Shareholders who attend the meeting will be asked to present valid picture identification, such as passport, a state driver's license or other government issued photo identification. Further, you must present proof of ownership of your Veltex Corporation common shares as of the record date to be admitted to the Annual Meeting. Proof of ownership can be any of the following: a Veltex Corporation account statement, a brokerage account statement, or a letter from the bank or broker who holds your shares. If you are a beneficial owner and plan to vote at the meeting, you must bring the legal proxy that was provided to you by the institution that holds your shares. If you are an authorized proxy, you must present the proper documentation. In all cases, valid photo identification will be required.

Cameras, cell phones, recording devices, and other electronic devices will not be permitted at the meeting. This will be to insure the privacy of any patients and/or residents, inter alia. Rules of the meeting will be printed on the back of the agenda, which will be provided to you at the meeting.

Shareholders may receive proxy materials via the internet if your broker provides such services. Your broker can inform shareholders how to access and review the information contained in the proxy materials and how to vote via the Internet, by mail or in person. By utilizing this method of delivery, Veltex Corporation avoids the cost and environmental effect of printing proxy materials.

The Notice will contain:
-- A Notice of the 2023 Annual Meeting of Shareholders;

-- A Proxy Statement with a description of the items to be voted on at the
Annual Meeting of Shareholders and the recommendation of Veltex
Corporation's Board of Directors with regard to each item, if applicable.

The Notice of Meeting and Proxy Materials will be made available to shareholders on or about November 24, 2023, and mailed on or about that date to those shareholders who previously requested written materials.

Any shareholders who own Veltex Corporation common stock at the close of business on Wednesday, Friday November 17, 2023, may vote. This will be the record date for the meeting. If you are a shareholder of record, you may vote your shares in person at the 2023 Annual Meeting. If you are a beneficial owner of shares held in street name (i.e., your shares are held in a stock brokerage account or by a bank or other holder of record), as stated above, you must present a valid picture identification and a legal proxy provided by the institution, which holds your shares in order to vote in person at the 2023 Annual Meeting. If your shares are held under one of the company's Employee Savings Plans, only the Trustee for the Plans can vote your plan shares, even if you attend the meeting in person. To allow sufficient time for the Trustee to vote your shares, your voting instructions must be received by 6:00 a.m. Central Time, December 06, 2023.

If you have additional questions regarding the 2023 Annual Meeting of Shareholders, please contact Shareholder Services at Info @Lynn Goodman-235-4014.

Veltex Corporation, incorporated in Utah September 17, 1987, is a public holding corporation, which maintains its corporate headquarters in Chicago, Illinois. The company's common shares trade OTC Markets OTCQB under the symbol VLXC. Veltex Medical, Inc., a Delaware corporation and Veltex Properties, Inc., a Delaware corporation, are both wholly owned subsidiaries of Veltex Corporation.

Safe Harbor Statement

Forward Looking Statement

Safe Harbor Statement: Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Veltex or its management "believes," "expects," "anticipates," "foresees," "seeks," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe Veltex's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company, Veltex, as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

View original content to download multimedia:https://www.prnewswire.com/news-releases/veltex-corporation-announces-the-37th-annual-meeting-of-shareholders-301988252.html

SOURCE Veltex Corporation

/CONTACT: Stephen Macklem, macklem@firstoptions.com


> Dow Jones Newswires

November 14, 2023 17:27 ET (22:27 GMT)

actually looking at my old model - I just did 4xx for this, clearly it is even better. They must not have had all 28 beds going for the entire quarter. If you look at the average day rate for a bed it is around $400. So really eventually the run rate for just inpatients should be between $2.5-$4 mm per year. If fully occupied throughout the year it would be closer to the $4 mm.

Their annual revenue run rate for the first phase of 28 beds is probably more like $2.5 mil/yr. You have to include most of the accounts receivable as billings in the last month of a qtr go into AR as collecting money from entities takes time. Here is my guess as to their revenues, maybe someone else has one as well. I don't believe that each bed brings in $400, maybe $250.

2nd qtr rev $370
2nd qtr AR $330
total for 2nd qtr $700k
when 60 beds $4.5-$5.0 mil/yr

The model is working, just have to get to 60-70 beds. Its the stock that isn't. Have to see what happens down the line.

that's true but the model is now proven and eventually, when all the beds are up and running they will have to notice. With 250 beds at $400 per bed per day. Even at a 75% utilization rate that is still $27.5 mm of annual rev and that is not counting any day patients or add on services

That's old but good news, no one sees these financials, and no one out there cares except a few of us. No followers, no stock trading except a big seller, stock at lows...just calling the kettle black.

Guess I wasn't the only one who missed this. The whole market missed it. This company, with just the original first phase of beds is on an annual run rate of $1.6 mm from $0. Talk about proving your model.https://www.otcmarkets.com/otcapi/company/financial-report/378923/content

no - no need for a wasted effort but if it breaks $0.10 I will definitely look to do so

do you have your .05 bid in?

honestly at this point, there is part of me that hopes he drives it to $0.05 - even though I really am kind of full up here just know ing the progress this company has made I would have to try and add more

apparently not, this large punk seller seems to have an endless supply and is driving it to ???

your Post to God's Inbox

a noticeable increase in volume last week as this punk was aggressively hitting bids. He should capitulate soon and we can start our run for the roses into year end.

dumb or not, this seller is for real and driving it lower. Another 45k sold.

Someone wants to prove how dumb they are. 20k offered at 0.19

clearly there are one or two people accumulating and they are patient because they see this dip sh-- amateur seller showing size and desire

unfortunately, no one follows the company but us, so PR's fall on deaf ears. The best option is a buyout cause the stock has no volume/buyers.

Sure, I get all those reasons. I thought you meant some new info was coming out. Let's face it all those things have been out there for some time. I think the only thing that brings true value is a takeover bid either for VLXC or by VLXC. Otherwise, even a PR with real numbers will finally maybe get this to move above $1, but even there, it is away undervalued.

Several reasons which I think everybody on this thread knows all too well. Great business, great management, doing lots of good for the women of West Virginia, and being very fairly compensated for that. Veltex is the gold standard for treatment centers, and as that becomes more and more apparent to everyone else, our little company is going to grow into a big company. No debt on the facility owned by the company, the only all women facility in the state, beautifully, built out, amazing staff running the operation excellent treatment being provided and great cash flow and profits ahead!
Pretty amazing that anyone is selling the stock at the recent prices. Somebody must need the money real bad if they’re selling at a time with this company is charging towards the goal line. As I’ve said before, all we need is patience and patients!

why do you say that?

It’s going to be a very good year for all of us

Where is information that shows evidence of Short(s) of VLXC?

How many Shares of VLXC are Currently Shorted (and have to Be Bought Back Very Soon)?

When do You Believe Short(s) will Buy to Cover?

Keep in mind that, even though Veltex is Expressing Very Encouraging News of Revenue Growth, it seems to be Currently Growing at a VERY SLOW PACE (to Scale Up Strategically, Proceeding with Caution)

What We Need to See are Significant Rises in Net Income. Net Income Needs to Be High Enough to Implement the Share Repurchase Plan ("Buyback").

Again, The Situation looks like We're Headed in a Good Direction, as Loyal Veltex Shareholders, albeit at a VERY SLOW PACE.

But who knows, maybe soon it will Catch the Attention of Major Investors that want to GET IN Before a Possible Buyback of Shares from the Company, and Before a Potential Merger or Acquisition of VLXC (Veltex Corporation).

In any case, the Future Looks Very Bright for Veltex. We should Be Very Thankful to the Management and Board of Veltex for Their Constant Hard Work at Growing the Company and Heading Towards Success.

We are Very Confident that it's a Great Time to Be a Veltex Shareholder.

We Expect to Be Celebrating Very Large Gains in the Near Future.

Best Wishes,
Gratzi

Yes, great news! Is the seller a short, long, or both? Don’t think we know for sure, but what we do know is that a need for buyers is crucial if this thing is gonna trade and go up. Fundamentals keep dramatically improving while the stock is under loved and near its lows. Wake up outside world, let’s go! Congrats to the board in putting things together and getting out the PR. Remember to go to the Veltex Recovery Group FaceBook page and “Like”, “Follow” the page! It’s a really nice page, take a look.

The short(s) should start buying back. And the seller should pause. Read the PR - great things going on at New Hope

https://www.prnewswire.com/news-releases/veltex-corporation-shareholder-update-301835042.html

Veltex Corporation Shareholder Update
Veltex Corporation Logo (PRNewsfoto/Veltex Corporation)
NEWS PROVIDED BY

Veltex Corporation
25 May, 2023, 14:32 ET

SHARE THIS ARTICLE

CHICAGO, May 25, 2023 /PRNewswire/ -- Veltex Corporation ( OTCQB:VLXC) ("Veltex"), a Health and Wellness Acquisition Firm, and its wholly owned subsidiary Veltex Medical, Inc. d/b/a Veltex Recovery Group ("VRG"), is pleased to report progress at its Mount Hope, West Virginia Campus.

VRG has engaged Ms. Patricia A. Kelly as its Chief Administrative Officer for the Mount Hope Campus. Ms. Kelly has twenty (20) years of experience in the field of substance use disorder management and makes a sterling addition to the VRG team. Ms. Kelly will be responsible for staff oversight, cost control, day-to-day operations, coordination of client care, and ultimate compliance with all processes and procedures for efficient, effective management of the Mount Hope Campus.

Additionally, VRG has retained Armor Revenue Cycle Management, LLC ("Armor") to streamline its financial processes. Armor gives VRG access to fast and efficient administrative and clinical functions associated with claims processing, payment, and revenue generation. Armor will promote quality data organization from the moment VRG's clients schedule an appointment through the completion of the revenue cycle.

VRG management has been meeting with Fayette County Family Court officials and the Fayette County Criminal Courts in a collaborative effort to assist women negatively impacted by the drug crisis. The Mount Hope Campus is ideally located to serve as a place for healing women, reuniting mothers with their children, and reuniting families upon completion of treatment. VRG has also scheduled meetings with Greenbrier County and Raleigh County to expand its relationship with the West Virginia courts.

VRG recently received grant proceeds from the State of West Virginia Bureau of Behavioral Health, Department of Health and Human Resources ("DHHR"). VRG's relationship with West Virginia State Officials in Charleston served as a catalyst for efficient processing and distribution of the grant award. VRG was awarded a total of $65,257.00 as part of its initial build-out for in-patient services. VRG has received $1,000.00 from Warm Hearts, Warm Hands of West Virginia for a vegetable garden at the Mount Hope Campus and has been approved to submit receipts for a list of supplies for reimbursement through State Opioid Response Program with the West Virginia School of Osteopathic Medicine, Center for Rural and Community Health. VRG is finalizing its intended purchase but anticipates a value of approximately $35,000.00. This brings the 2023 Grant total to $101,257.00. VRG intends to monitor available grant applications and submit requests for additional Grant programs as they are announced.

Furthermore, VRG has begun implementation of an end-to-end platform specifically designed for behavioral health centers from management of the electronic health record supporting every part of the client recovery journey at the Mount Hope Campus. KIPU integrates the electronic health record with revenue cycle management for an efficient, compliant, client and staff experience aimed directly at the behavioral health service industry. New clients will be monitored through KIPU and their electronic medical record will be directly reportable to establish medical necessity for billing purposes. KIPU's cloud-based solutions were designed specifically to meet the needs of addiction treatment and medical health professionals.

The State of West Virginia has passed HB 3337, Article 2D Certificate of Need, §16-2D-9, health services that cannot be developed prohibiting additional drug and alcohol treatment facilities and services in a every county. This law, which limits the number of treatment beds to 250 per county, benefits VRG, which currently has a license for twenty-eight (28) beds under Phase I, and has begun construction of an additional thirty-two (32) beds for Phase II with an approval of ten (10) additional beds, in the existing structure for Phase III. This results in a total capacity of seventy (70) beds for the Mount Hope Campus. Moreover, VRG has retained an architectural firm to certify plans for two (2) additional structures taking the total number of licensed treatment beds to two-hundred and fifty (250). Ultimately, this will make VRG the only licensed substance abuse treatment bed facility in Fayette County, West Virginia. Construction on Phase II has been slightly delayed due to supply chain constraints for materials most of which have already been delivered to the facility. Approximately 33% of the construction for Phase II has been completed to date. The completion of construction for the additional thirty-two (32) beds is expected by July 1, 2023, depending on material delivery. During construction of Phase II, VRG will apply for a certificate of need exemption for a total of sixty (60) beds in Fayette County with the West Virginia Health Care Authority. Upon completion of the construction, an amended license application must be submitted to the State of West Virginia Office of Health Facility Licensure and Certification and all appropriate inspections and paper work must be submitted prior to issuance of a license for sixty (60) residential treatment beds. VRG expects this approval process to be expeditious.

VRG has been credentialed by the Bureau of Medical Services for in-patient residential treatment with Medicaid and HMO providers Unicare, Aetna Better Health of WV; and The Health Plan ("THP"). VRG is obtaining credentialling with additional insurance carriers as well. VRG's OHFLAC Certificate of Occupancy provides for the following levels of care pursuant to the BMS provider manual Chapter 504 - Substance Use Disorder: 504.18.4 Residential Adult Services ASAM® Level 3.7 – six (6) beds; 504.18.3 Residential Adult Services ASAM® Level 3.5 – fourteen (14) beds; and 504.18.1 Residential Adult Services ASAM® Level 3.1 – eight (8) beds, full details regarding VRG's approved levels of care can be found at dhhr.wv.gov. Out-patient services at the Mount Hope Campus are currently offered. VRG has established a consistent market to expand in this regard.

Furthermore, VRG will gain additional revenue from services such as counseling, peer recovery services, lab work, and testing, for ancillary services unrelated to its per-diem bundle. VRG leases a laboratory space within the Mount Hope Campus, to Appalachian Labs of WV, LLC and maintains lab-work collection with Charleston Area Medical Center ("CAMC") Lab Works.

Additionally, VRG has partnered with WIN West Virginia Foundation, Inc. ("WIN") (Winning the War Against Substance Abuse). The program delivers judgment free, comprehensive medical care with hope and compassion, specializing in treatment of women and the healing of the family unit. WIN provides some peer recovery services at the Mount Hope Campus through its four-part plan focused on prevention, treatment, peer and community support, and empowerment. The peer recovery navigators at WIN assist clientele as the transition from recovery back to society.

Stephen G. Macklem, Chief Financial Officer, stated, "I am pleased that revenues are accumulating currently as we implement the KIPU electronic health record and billing software and expect the second quarter to be on target as Veltex Recovery Group becomes integrated into the West Virginia Medicaid and HMO cycle of payment. This process, although time consuming to implement and change from Athena, our current software provider, will greatly benefit the operation in a more efficient revenue flow from insurance carriers, allow for revenue projections to be accurate and reduce errors and delays in billing."

Andreas Mauritzson, President and CEO of Veltex Corporation, stated, "I am proud to say the progress made at the Mount Hope Campus is on target for our corporate vision for this property. I am pleased to report the facility will be the premiere 'all women's facility' in the State of West Virginia. Despite Covid-19 set-backs, supply chain delays, the complexity of licensing a Behavioral Health Facility under state and federal law, and marketing of a new facility, all of which takes extensive time, money and effort, VRG has cleared all obstacles and is now operating what will soon be one of the largest all women's facilities in the state. Under HB 3337, we expect the Mount Hope Campus to be Fayette County with two-hundred fifty (250) beds once complete."

Veltex Corporation's wholly owned subsidiary, Veltex Properties, Inc., a Delaware Corporation, leases the 35,000 sq.ft. facility and approximately five (5) acres of land to Veltex Corporation's wholly owned subsidiary, Veltex Medical, Inc., a Delaware Corporation. This facility and land operates as a Veltex Recovery Group Campus. Future plans in Phase IV, call for architectural drawings, permits and construction of, at least two (2), additional residential facilities on the premises to operate expanded in-patient Behavioral Health services.

About Veltex Corporation

Veltex Corporation, ( OTCQB: VLXC), incorporated in Utah September 17, 1987, is a public holding corporation, which maintains its corporate headquarters in Chicago, Illinois. Veltex's common shares trade OTC Markets under the symbol VLXC. Veltex is a premier Health and Wellness Acquisition Firm, specifically targeting Substance Use Disorder ("SUD") treatment entities. Veltex Medical, Inc. d/b/a Veltex Recovery Group ("VRG"), a Delaware corporation and Veltex Properties, Inc. ("VPI"), a Delaware corporation are both wholly owned subsidiaries of Veltex. VMI operates an approximately 30,000 Sq. Ft. out-patient substance use disorder treatment facility at 101 Martin Drive, Mount Hope, WV 25880, providing both out-patient and in-patient treatment of Substance Use Disorder.

For additional information, please visit our corporate website at: Veltex.com, and our VRG website: Veltexrecoverygroup.com

Safe Harbor Statement

Forward Looking Statement

Safe Harbor Statement; Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Veltex or its management "believes," "expects," "anticipates," "foresees," "seeks," "forecasts," "estimates" "projected" "plans" or other words or phrases of similar import. Similarly, statements herein that describe Veltex's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company, Veltex, as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

SOURCE Veltex Corporation

Veltex Recovery Group has a nice Facebook page, take a look and give it a "Like" or "Follow".

https://www.facebook.com/VRCMH

Cool Slogan! Yep, Demand for Rehab Facilities and Services Far Exceed Supply Thereof.

Billions of Dollars in Settlements (and Major Cash Inflows Expected from Litigation too) to Be Earmarked Towards Rehab Services. Quite a Bit Expected to Flow Towards Veltex Recovery Group.

Veltex Recovery Group Expected to Be the Largest Rehab Facility in West Virginia, the Epicenter of the Opioid Addiction Epidemic.

Veltex Recovery Group's Revenues are Ramping Up. Massive Revenue Growth via Implementation of Phase 1 thru 4 is Currently In Process.

Veltex has been Endorsed by Prominent Government Officials, U.S. Senators Pledging Support, etc...

Veltex is Equipped with a Great Team, Including Dr. Harry Haroutunian, World Renowned Author and Former Medical Director of the Betty Ford Center for Over 10 Years.

Veltex's Assets Include a Deferred Tax Asset Worth Tens of Millions of Dollars in Tax Savings, State of the Art Rehab Facility Valued Over $6 Million Dollars (Unencumbered/No Liability)

Share Repurchase Plan ("Stock Buyback Plan") and Eventual Merger With Veltex Corporation or Acquisition of Veltex Corporation to Contribute to Major Rises in Veltex's Stock Price.

New marketing slogan: got beds?

no, someone big is continuing to sell at lower prices despite improving fundaments. Its been months of selling with a similar pattern and now it must be 500,000-750,000 shs, and not done yet. How many shareholders have 1 mil shs or more? it can't be that many. Who would sell knowing what we all know now and the prospect of it only getting better? Answer: no one. So, this person with a big position is motivated for some unknown reason, and I don't think a person with this size is dumb. Something just doesn't add up...