, commented, "I am excited to announce
that we are branching out our merchandising in the resort and surf industries.

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Veltex Signs Letter of Intent to Acquire One of Canada's Largest Promotional Products Company

More details
will be released shortly as terms of this acquisition are finalized .

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This new venue promises to be quite profitable for Veltex and extremely
encouraging! We clearly expect that our 2005 season will be another year of
ever climbing revenues and record profitability for Veltex.

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It's an exciting acquisition as the company has exceptional license agreements
in place and produces garments for many well-known companies.

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, Veltex
Corporation, (OTC: VLXC) a vertical manufacturing, import and distribution
company for apparel and accessories, announced today that its sales have been
climbing from the last six trade shows. West Surfing sells its product line in
Australia, New Zealand, Japan, United Kingdom and the United States."

Veltex Corporation is a vertical manufacturing, import and distribution
company composed of three divisions: Veltex Apparel, specializing in caps,
apparel and apparel accessories for the Promotional Products Industry and
distribution of merchandise; Velvet Textile Mills, specializing in the
manufacture of high quality fabrics including velvets, 100% cotton twill,
denim, sheeting for consumer and industrial products; and KCA Garment
Industries, specializing in the manufacture of garments.

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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.

CONTACT: Finn Walstad, +1-253-564-9254 at http://www.

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The
company has been in manufacturing business over 30 years. 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.otcgrowth.

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Veltex Corporation Forecasts Record Sales in 2005 - a Whopping Increase Expected Over 25% From 2004 Posted Sales Results

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Veltex Corporation has signed initial purchase order for over $750,000
with new client West Surfing Products-Australia who is a disturber of high end
surf ware for over twenty years., Veltex
Corporation (OTC Bulletin Board: VLXC) announced today that it has signed a
Letter of Intent to purchase a large profitable Canadian textile business .
Javeed Matin, CEO of Veltex, expressed excitement at signing the Letter of
Intent: "This acquisition fits wonderfully into our expanding business plan,
and will dramatically increase our client base as well as profit margin. This acquisition does both.

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Profits Expected to Climb Over 38%

CITY OF INDUSTRY, Calif. CITY OF INDUSTRY, Calif. Matin added that , "We have been looking for
good acquisition candidates that will both enhance our operations and create
value for our shareholders.

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com/

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 .

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Javeed Matin, CEO of Veltex Corp.

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http://www.

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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." The Company
has over 80 employees in Canadian office and is well established in the
promotional products industry.

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Javeed Matin , Veltex CEO, stated, "This acquisition will dramatically increase
the size of Veltex and increase our revenue base by multi millions of dollars.com

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The agreement moves the company on step closer
to its 2005 strategic goal related to North American expansion.

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"

Veltex Corporation is a vertical manufacturing, import and distribution
company composed of three divisions: Veltex Apparel, specializing in caps,
apparel and apparel accessories for the Promotional Products Industry and
distribution of merchandise; Velvet Textile Mills, specializing in the
manufacture of high quality fabrics including velvets, 100% cotton twill,
denim, sheeting for consumer and industrial products; and KCA Garment
Industries, specializing in the manufacture of garments. 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.

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veltexapparel.

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.

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The
investment Veltex is making will permit us to become a major player in the
promotional products industry.