Valdor Sales Increase During Three Quarters of 2014
December 3, 2014 - Vancouver, B.C.
Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) (OTC: VTIFF) is pleased to report that sales revenue received from Niagara Streaming Media and Valdor Fiber Optics for the nine month period ending September 30, 2014 totaled US$740,246 compared to US$97,892 for the same period in 2013. This nine month US$642,354 growth represents a 750% year over year increase.
3 MONTH PERIOD
January 1 - March 31
April 30 - June 30
July 1 - September 30
TOTAL REVENUE:
2013
US$20,538
US$32,361
US$44,993
US$97,892
2014
US$245,492 *
US$201,364
US$293,390
US$740,246
* Niagara Streaming Media sales were US$216,700 from February 15, 2014 to March 31, 2014
Mr. John Hammock, Executive VP Sales & Marketing, Niagara Streaming Media, states: "To date we have been meeting our sales objectives. Our global customers are excited about Niagara's new portable GoStream product line, a functional, flexible, reliable and economical streaming media solution that fully complements our integrated portfolio. Management is enthusiastic about the market potential and anticipate a substantial increase in revenue worldwide from our new GoStream product line."
Valdor is a technology company with two divisions:
1) Valdor Fiber Optics, a fiber optic components company specializing in the design, manufacture and sale of fiber optic splitters, connectors, laser pigtails and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact Mount™ technology. The company specializes in harsh environment products and in particular splitters and connectors and;
2) Niagara Streaming Media, a streaming video business that owns four patents and markets the Niagara and GoStream product lines. Streaming video is the future of television.
The Valdor business plan incorporates growth by acquisition. For further information on Valdor's product lines please visit www.valdor.com.
About Valdor Technology International Inc. (www.valdortech.com)
Valdor is a high technology fiber optic components company specializing in the design and manufacture of fiber optic connectors, laser pigtails, splitters, and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact Mount™ technology. Valdor specializes in harsh environment products and in particular splitters and connectors. Valdor's business plan incorporates growth by acquisition. For information on Valdor's product lines please visit www.valdor.com.
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On Behalf Of the Board of Directors of
VALDOR TECHNOLOGY INTERNATIONAL INC.
Corporate Office: Suite 450 - 789 West Pender Street, Vancouver B.C. Canada V6C 1H2 ph. (604) 687-3775
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.