Veltex Recovery Group Announces Launch of In-patient Services at Mount Hope

CHICAGO, Nov. 23, 2022 /PRNewswire/ -- Veltex Corporation (OTCQB:VLXC) ("Veltex"), a Health and Wellness Acquisition Firm, is pleased to announce its wholly owned subsidiary Veltex Medical, Inc. d/b/a Veltex Recovery Group ("VRG"), in partnership with Elena Behavioral Health Services, Inc., a West Virginia Corporation, has been approved by the West Virginia Office of Health Facility Licensure and Certification, The Bureau of Medical Services ("BMS"), and The United States Drug Enforcement Agency ("DEA") to provide residential treatment for twenty-eight (28) licensed beds at its Behavioral Health Recovery center at 101 Martin Drive, Mount Hope, WV 25880 ("The Mount Hope Campus") starting November 28, 2022. Veltex seeks to develop and acquire companies which have established or advanced the latest modalities in the areas of health wellness, and recovery, specifically targeting substance use disorder ("SUD") treatment in the State of West Virginia. VRG currently operates an out-patient only SUD treatment facility at the Mount Hope Campus. The in-patient program will exclusively treat women and is a major necessity for the region to aid in the treatment of substance use disorder.