``Veltex's trucking division ramps up to support increased demand'': A Web Radio Series Featuring Interviews with CEOs, by IPOdesktop.com.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Dec. 10, 2002 IPOdesktop.com presents "Veltex's trucking division ramps up to support increased demand," a web radio show with Andrew Friedel Friedel is a Southern German diminutive variation of the surname Fried, and may refer to:
See: Over-the-counter. OTC See over-the-counter market (OTC). :VLVT). VLVT is a diversified diversified (di·verˑ·s holding company comprised of four divisions: Trucking, Distribution, Manufacturing and Marketing.
CEO Guest: Andrew Friedel, President and COO of Veltex's trucking
subsidiary Veltex Transportation
Show host: Francis Gaskins, Editor, http://IPOdesktop.com
CLICK TO LISTEN: RealAudio: http://gaskinsco.com/vlvt5.ram
Windows Media: http://gaskinsco.com/vlvt5.asx
(If these are not direct links simply copy and paste to your Internet
browser to listen to the interview.)
RADIO SHOW AGENDA
UPDATE FROM THE CHAIRMAN
-- VLVT expects to start an audit with a respected firm in Q1 2003
-- Expects to become fully SEC reporting and move to the appropriate
stock exchange
-- Balance sheet: $500,000 cash, $11 million in total assets, minimal
debt
-- Strong cash flow
TRUCK ACQUISITION REVIEW
-- Recently added 20 trucks for a total of 66
-- Expects to purchase up to 95 more by year end
-- Plans to purchase another 100 during Q1, 2003
PER TRUCK ECONOMICS
-- Revenue: $15,000 to $20,000 monthly per truck
-- Pre-tax profit: $2,000 to $4,000 pre-tax monthly per truck
100 TRUCKS are expected to generate
-- Revenue of $1.5 to $2 million per month or $18 to $24 million per
year
-- Pre-tax profits of $200,000 to $400,000 per month or $2.4 to $4.8
million per year
DEMAND FOR VLVT'S TRUCKING SERVICES
ARCHIVED VLVT RADIO SHOWS
http://gaskinsco.com/VLVT.htm (click)
Forward Looking Statements
http://gaskinsco.com/forwardlooking.htm
About Veltex Corporation (http://www.veltexcorp.com) Veltex Corporation is a diversified holding company comprised of four divisions: Trucking; Distribution, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; Manufacturing, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill twill One of the three basic textile weaves (see weaving), distinguished by diagonal lines. In the simplest twill, the weft crosses over two warp yarns, then under one, the sequence being repeated in each succeeding shot (row), but stepped over, one warp either to the , denim, sheeting for consumer and industrial products; and Marketing specializing in online marketing and promotions for the vacation ownership industry. Trucking and distribution subsidiaries are located in Memphis, Tennessee For the ancient Egyptian capital, see . Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River. . Manufacturing is located in Bangladesh. Marketing is located in the headquarters offices in Diamond Bar, California Diamond Bar is a city in Los Angeles County, California, United States. The population was 56,287 at the 2000 census. It is named after the "diamond over a bar" branding iron registered in 1918 by ranch owner Frederick E. Lewis. . |
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