Promotional Products company Veltex Corporation announced this week that it the members of its board will be meeting on December 16, 2005 to discuss the dividends available to shareholders. The amount of the dividend to be handed will be announced on December 19.
According to CEO Javeed Martin, "We are proud of ourstrong growth accomplishments and very appreciative of our loyal shareholders' support. As previously stated, we firmly believe that VLXC shares are clearly undervalued based on our record revenue and profitability trends”.
Martin went on to say, “Therefore, it is certainly appropriate that our shareholders participate in our success by being rewarded with a very attractive dividend distribution. We look forward to another great year in 2006 and wish all consumers, distributors, associates, and shareholders a very happy and healthy holiday season!"
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