Valdor Makes Submission to SEC for Listing on US OTCQB
March 26, 2014 - Vancouver, B.C.
Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) (OTC: VTIFF) is pleased to report that application to the Securities Exchange Commission (SEC) to have Valdor listed on the OTCQB Securities Market in the US is completed and is being filed today.
OTC Markets Inc., located in New York, N.Y., operates the world's largest electronic interdealer quotation system for broker-dealers to trade over 9,000 securities not listed on any other U.S. stock exchange. It is organized into three tiers based on the level of disclosure: OTCQX, OTCQB and Pink Sheets. When this listing is completed, North American & International investors will be able to find news, current financial disclosure and real-time Level 2 quotes for Valdor on www.otcmarkets.com.
From 1979 to 1984, as President with Northern Telecom de Mexico (Nortel) Mr. Toledo built sales from initial roll-out to $US400,000,000/year. From 1985 to 1989, as Executive Vice President with Tyco International Ltd, he expanded a distribution network throughout Central and South America marketing to telephone companies, competitive local exchange carriers, internet service providers and cable television networks. From 2001 to 2004, as President with Matra Communications de Mexico/European Aeronautic Defense and Security (EADS) Telecom, he established sales teams and built sales in Mexico from initial roll-out to $US500,000,000/year. For this accomplishment, in 2001, he won the award of Mexican Telecom Sector Executive of the Year. From 2004 to 2009, as Managing Director with Opterna Inc NeSt Group (Indian based junior company), he took sales from initial roll-out to $US7,000,000/year. Mr. Toledo is currently Chief Executive Officer of his own private technology consulting company, HT Technologies.
Mr. Brian Findlay, CFO/Director, states: "We want investors throughout the world to have ready access to Valdor stock ownership so we can facilitate stock distribution internationally. Listing on the US OTC Bulletin Board market will greatly help us achieve this objective."
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.