Veltex Medical, Inc. Signs Medical Director For Mount Hope Complex

CHICAGO, March 29, 2021 /PRNewswire/ -- Veltex Corporation -- OTC Markets symbol (VLXC) -- Veltex Medical, Inc, ("the Company") a wholly owned subsidiary of Veltex Corporation, has contracted Dr. Olu Sangodeyi, MD as Medical Director for the rehabilitation complex in Mount Hope, West Virginia.

Dr. Olu Sangodeyi, MD, is the President and CEO of Med-Surg Physician Group Inc in Beckley, West Virginia.  He is a board-certified general surgeon leading a multi-specialty practice providing adult and pediatric surgery, primary care, and substance use disorder treatment.  He also currently serves on the medical staff of Beckley Appalachian Regional Hospital and Raleigh General Hospital in Beckley, West Virginia.

Dr. Sangodeyi commented, "I am very excited to join the Veltex medical team as the Medical Director at Mount Hope, West Virginia and look forward to providing support for those in the region suffering from substance use disorder.  The Mt. Hope Recovery Center will provide vital residential and outpatient services to our region. Veltex's passion, expertise and unique approach to addiction treatment will address essential gaps in these services in and I'm looking forward to launching this effort in Mt. Hope."

Dr. Sangodeyi graduated in the top of his class at the prestigious University of Ibadan Medical College in Nigeria.  He received his surgical education at Allegheny General Hospital,  in addition to Children Hospitals in Pittsburgh, Pennsylvania and Denver, Colorado with expertise in laparoscopic and robotic surgery.  He also completed a post-graduate certificate from the University of Pittsburgh's School of Public Health in Global Health.  Dr. Sangodeyi's broad training and expertise includes many years of providing treatment and coordinating wrap-around services for those suffering from substance use disorder.  He is also a long-time member of the American Society of Addiction Medicine, the nation's leading addiction medicine professional organization.

With a passion for providing the highest quality of care for those struggling with addiction, Dr. Sangodeyi believes that substance use disorder is a chronic, relapsing disease of the brain that can be successfully treated and deems all patients should be treated with respect and dignity. Dr. Sangodeyi  has worked tirelessly for many years to address the stigma attached to this disease.  Further, he has routinely provided expertise in integrated medical and behavioral healthcare with various organizations throughout the region.

Dr. Sangodeyi holds strongly the belief that it is the right of all human beings to receive the highest quality healthcare, adhering to the World Health Organization definition of "Health" as "the state of complete physical, mental, and social well-being and not merely the absence of disease and infirmity."

Dr. Sangodeyi is also the co-founder and the President of the World Health Mission, a not-for-profit organization dedicated to providing no-cost health care consultation and medical equipment in various international locations.

The Mount Hope Recovery Center is near completion and will serve as among the largest rehabilitation and chemical dependance complexes, with up to 150 beds, in the State with both inpatient and outpatient services along with a large detox capability and crisis stabilization unit.

As previously reported,  Veltex Corporation has acquired a large commercial property complex, and its contents, in Fayette County, West Virginia. The property, located in Mount Hope West Virginia, sits on more than four acres of land. The property has a one-story commercial building of approximately 25,000 square feet and parking for more than 180 vehicles.

This property and complex will be held by Veltex Properties, Inc., a wholly owned Delaware subsidiary of Veltex Corporation.

Veltex will update shareholders with developments as progress warrants on corporate business, legal, tax and accounting matters. Veltex Corporation seeks to update shareholders on the immediate future of the company as new material developments warrant. We look forward to creating partnerships and alliances and acquiring real property that will highlight our comparative and competitive advantages in the chemical dependency rehabilitation and holding industry and in general.

Veltex Corporation, incorporated in 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.

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Forward Looking Statement

Safe Harbor 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," "seeks," "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.

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SOURCE Veltex Corporation