Valdor Experiences Significant Revenue Growth in 2014
February 24, 2015 - Vancouver, B.C.
Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that revenue received from its operating subsidiaries, Niagara Streaming Media and Valdor Fiber Optics, for the twelve month period ending December 31, 2014 totaled US$1,140,077 compared to US$134,062 for the same period in 2013. This revenue increase of US$1,006,015 represents an 750% year over year increase. Revenue of US$399,832 for the 4th quarter represents a 36% increase over the 3rd quarter.
January 1 - March 31
April 1 - June 30
July 1 - September 30
October 1 - December 31
Total Revenue
$20,538
$32,361
$44,993
$36,170
$134,062
$245,392
$201,364
$293,390
$399,832
$1,140,078
In the 4th quarter of 2014, the gross profit was greater than the burn rate.
Mr. John Hammock, Executive VP Sales & Marketing, Niagara Streaming Media, states: "During the past four years, and especially the past 18 months, due to consolidation in the encoder industry and our advantage on price, features and functionality, our competition in the global market has declined by about half. Consumers are now beginning to realize the decrease of vendors and we are beginning to realize the benefit. We are confident that our line of products is competitively priced and technologically superior."
Mr. Elston Johnston, Chairman, states: "Most of our sales growth relates to our streaming media division. John Hammock has been enthusiastically and aggressively driving Niagara sales. He has been meeting our sales objectives and has some great ideas for making 2015 stronger than 2014."
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.