| Description | Veltex Corporation, a registered holding company, seeks to enhance shareholder value
through aggressive recuperation of lost resources and assets while maximizing the
worth of those recovered. To carry out that mission, Veltexs corporate strategy is the
development and acquisition of companies which have established or advanced the
latest modalities in the areas of health, wellness, and recovery. Veltex has begun and
will continue to assemble a team of experts in these fields and will take a multi-tiered
approach including joint ventures and collaboration agreements. Veltex, thru its wholly
owned subsidiary, Veltex Properties, Inc., currently owns outright property in the State
of West Virginia. That property consists of approximately five acres of land with a
30,000 sq ft chemical rehabilitation facility which can house 150 beds. At stake are
losses originating from alleged misappropriation, negligence and fraudulent activities of
the corporations prior management, accounting and legal professionals, among others.
Current litigation is underway in federal and in various state courts. Veltexs litigators are
dedicated to the uncompromising, efficient and timely prosecution of our claims. There
are no guarantees; however, favorable outcomes from these legal proceedings may
position the company to explore benefits of tax credits, tax loss carry-forwards, merger
and / or acquisition examinations and redeployment of monetary rewards to shareholders
of the corporation.
Additional info from OTC:
Veltex Corporation, a registered holding company, seeks to enhance shareholder value
through aggressive recuperation of lost resources and assets while maximizing the
worth of those recovered. To carry out that mission, Veltexs corporate strategy is the
development and acquisition of companies which have established or advanced the
latest modalities in the areas of health, wellness, and recovery. Veltex has begun and
will continue to assemble a team of experts in these fields and will take a multi-tiered
approach including joint ventures and collaboration agreements. Veltex, thru its wholly
owned subsidiary, Veltex Properties, Inc., currently owns outright property in the State
of West Virginia. That property consists of approximately five acres of land with a
30,000 sq ft chemical rehabilitation facility which can house 150 beds. At stake are
losses originating from alleged misappropriation, negligence and fraudulent activities of
the corporations prior management, accounting and legal professionals, among others.
Current litigation is underway in federal and in various state courts. Veltexs litigators are
dedicated to the uncompromising, efficient and timely prosecution of our claims. There
are no guarantees; however, favorable outcomes from these legal proceedings may
position the company to explore benefits of tax credits, tax loss carry-forwards, merger
and / or acquisition examinations and redeployment of monetary rewards to shareholders
of the corporation. |
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