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Veltex To Enter Designer Clothing

City of Industry, Calif.-based Veltex Corp. reports it plans to expand into the designer clothing industry under the trade name VeltexWest with the goal of introducing a men’s line during New York’s 2007 fashion week. The textile and apparel manufacturer, distributor and importer will market VeltexWest products under its existing licensing brands such as Veltex Apparel®.

The move is a “natural step in the evolution of Veltex,” said Javeed Matin, CEO. “Our investment will permit us to become a major player in the retail supply business in addition to the promotional products industry,” he said.

Veltex recently acquired the retail supply division of a major Canadian textile company. That division, operating under the Veltex-Canada name, will become Veltex’s US and Canadian retail supply business. Two of the four divisions that comprise Veltex are Veltex Apparel and Veltex Explorer Inc., which service the Canadian and US promotional products industries, respectively. The company’s Velvet Textile Mills division produces consumer and industrial fabrics, and its KCA Garment Industries division manufactures apparel.

June 13, 2006