Valdor Expands Sales Division Into Canada
November 2, 2011 - Hayward, California
Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) is pleased to announce that Mr. Ron Boyce, located in Winnipeg, Manitoba Canada, has joined the Valdor sales team.
Mr. Boyce received a Bachelor of Commerce with a major in Marketing from the University of Alberta in 1981. He has held several high profile positions with Manitoba Telecom Services Inc. and was Director of Sales and Marketing for AT&T Canada for the Prairie Provinces. Mr. Boyce was the first hire in the Prairie Provinces for Metronet Communications Corp., the first national competitive local exchange carrier in Canada and was Director of Sales Western Canada for Netstone Communications Inc., the first building exchange carrier in Canada. During Mr. Boyce’s tenure, Metronet Communications Corp. installed more than $200 million of fibre optics infrastructure across Central Canada. He was one of the founders of Parabola IP Solutions Inc., an IP management software company, where he held the position of Vice-President of Sales and Marketing. He has won Presidents Club, Everest League and Summit awards, in recognition of his success in sales and marketing. Early in his career, Mr. Boyce was an Advanced Certified Financial Planner with Investors Group Financial Services Inc. and he is a significant shareholder of Valdor stock. Mr. Boyce will be responsible for sales and marketing of Valdor's three product lines: connectors, enclosures and HeptoPorts™.
Dr. Michel Rondeau, CEO/President, states: "Ron’s background in sales and marketing of new and revolutionary high technology systems in the communications sector gives him both the expertise and the contacts to be successful with his sales objectives. This is another major step for Valdor in developing a qualified and motivated sales team."
About the Fiber Optics Industry
Fiber optics is the future of communications and fiber optic connectors are one of the major profit centres within this market. The signal transmission business is in the early stages of a fiber optics bull market. All signal transmission, in their many and various forms, are being converted from electrical, using copper wire and coaxial cable, to fiber optics. In the USA the Obama administration has recently pledged an initial US$7.2-billion to a plan that calls for 100 million Americans to have access to super high speed internet. This high speed internet will require significant fiber optic infrastructure. The annual global market for fiber optic connectors is estimated to be about US$2 billion (ibnresearch.wordpress.com/fiber-optic-connectors) and this market is projected to grow at a compound annual growth rate of 9.6%.
About Valdor Technology International Inc. (www.valdortech.com)
Valdor is a high technology fiber optic components company specializing in the design and manufacture of new generation fiber optic connectors, enclosures, laser pigtails and other optical and optoelectronic components using its proprietary and patented Impact Mount™ and HeptoPort™ technologies. The Impact Mount™ technology incorporated in the Valdor line of connectors is user friendly and environmentally friendly. This technology is all-mechanical with no epoxy or index matching gel required. The Impact Mount™ technology field installable termination kits and connectors are ideal for harsh environment applications and quick repair in the field. Valdor holds several patents on its connector technology in strategic global regions.
On Behalf Of the Board of Directors
VALDOR TECHNOLOGY INTERNATIONAL INC.
Dr. Michel Rondeau
President & CEO
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.