NEW YORK, March 1, 2004 (PRIMEZONE) -- (Investrend Research Syndicate) Veltex Corporation (Pink Sheets:VLVT), a producer and distributor of high quality specialized textiles primarily for use by manufacturers of automobile interiors, furniture, and ready-to-wear garments has enrolled in the unique shareholder empowerment platform administered by Investrend Communications, Inc., a financial intelligence provider.
Focus coverage will be initiated by Investrend Research analyst Gary A. Barohn, CFA. Investrend Research is located on the web at http://www.investrendresearch.com.
Veltex Corporation is a vertical holding company composed of two divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; and Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products.
For more information, visit http://www.veltexcorp.com, and http://www.veltexapparel.com.
An InvestorPower(tm) page has been created regarding the company at http://www.investrend.com/company/list.asp?sPathParam=yes.
Gary A.Barohn, CFA, Mr. Barohn has 15 years experience in the investment management industry, most recently as President and Chief Investment OFficer of Western Asset Management in St. Louis. He was in charge of the firm's portfolio management and equity research operations. Prior to joining Western, he was Senior V.P. with Conning Asset Management, managing the company's $300 million equity investment program and funds within the General American Capital Company family of funds. Mr. Barohn also was an executive at Evergreen Capital Management in Omaha and Commerce Capital Management in Memphis. He started in 1987 as an investment analyst at Boatman's Trust Co. He holds a BS-Engineering degree from Purdue University, an MBA-Finance degree from the University of Missouri. He is a Chartered Financial Analyst, and a member of the St. Louis Society of Financial Analysts and served as President of the Memphis Society of Financial Analysts and was a member of the Omaha Society of Financial Analysts.
Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 65 AIMR-qualified professional analysts posting more than 650 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the FocusResearch platform is $2,840. These enrollment fees have been paid by the company. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests, and no one associated with the program may own or trade in the equities of companies under coverage.
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