Veltex Corporation, has commenced marketing and distributing Top-Flite branded caps, balls, and golf products throughout Canada to the promotional products and retail industries. Top-Flite products were previously marketed by Explorer Headgear. However, Veltex recently acquired the Promotional Products Division of Explorer Headgear which was renamed “Veltex Canada”, DBA Veltex-Explorer. As a result of this acquisition, Veltex Explorer will continue to aggressively market this excellent, recognizable brand in Canada.
Javeed Matin, CEO of Veltex Corporation, stated, “Top-Flite is one of the best golf brands in the world! This will further serve to rapidly expand our entry into the golf merchandising and promotional products industries. Veltex Explorer is on target to add approximately $7 million to our revenue stream this year.”
Veltex currently has approximately ten million shares outstanding and forecasts that 2005 total revenues will exceed $60 million with net earnings easily surpassing $1.00 per share.
