|By Marketwired .||
|June 16, 2014 09:05 AM EDT||
CHICAGO, IL -- (Marketwired) -- 06/16/14 -- Veltex Corporation ("Veltex") (OTC Pink: VLXC) (PINKSHEETS: VLXC) is pleased to announce the retention of the American Stock Transfer & Trust Company, LLC ("AST") as transfer agent for Veltex replacing the Illinois Stock Transfer Company which will be closing all operations effective on or about June 23, 2014.
Veltex shareholders should expect to receive, by mail, a welcome letter from AST within the coming week. Prior to that Veltex shareholders can call AST at 888-509-4619 for information.
American Stock Transfer & Trust Company, LLC ("AST") provides comprehensive stock transfer and employee plan services to over 2,800 public companies and maintains approximately 6,000 issues. AST's clients are located throughout the United States and in over 22 foreign countries, ranging in size from initial public offerings to Fortune 100 companies. Founded in 1971 and headquartered in New York, AST provides clients with customized solutions to fit their specific needs along with access to the best systems, services, processes and products available today around the globe.
AST is privately owned by Pacific Equity Partners ("PEP"), a large private equity firm based in Australia. PEP's resources allowed AST to expand its powerful technology platform and operating systems, while incorporating the best-in-class performance metrics of Link Market Services, a leading international shareholder services company also owned by PEP.
AST has an international presence in Australia, Canada, India, New Zealand, South Africa, Hong Kong and the United Kingdom. This global presence allows AST to provide its clients who have increasingly expanded their operations beyond the domestic market with a fully integrated global equities servicing solution.
As part of its commitment to the business, AST participates in the leading industry associations and attends several events throughout the year, including active participation with the National Investor Relations Institute (NIRI), the Society of Corporate Secretaries & Governance Professionals, the National Association of Stock Plan Professionals (NASPP), Shareholder Services Association (SSA) and the National Investment Company Service Association (NICSA).
Veltex will update shareholders with developments as progress warrants on corporate, legal, tax and accounting matters. Veltex Corporation seeks to update new and potential shareholders on the immediate future of the company as developments warrant. It is in the process of updating financial reports, statements and business plans to be fully transparent and compliant through OTC Disclosure. Shareholders will always be included on all company updates. We look forward to creating partnerships and alliances that will highlight our comparative and competitive advantages in the holding industry and in general.
Veltex Corporation, incorporated in the State of Utah September 17, 1987, is a public holding corporation, which maintains its corporate headquarters in Chicago, Illinois. The company's common shares trade OTC Markets under the symbol VLXC.
Safe Harbor Statement
Forward Looking Statement
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Veltex or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe Veltex's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company, Veltex, as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Investor and Company Contact:
Stephen G. Macklem