Valdor Technology International Inc. Announces Strength in Streaming Media Yields 1,195% Sales Increase
13 Maio 2014 - 9:00AM
Valdor Technology International Inc. ("Valdor") (TSX-V:VTI)
(OTC:VTIFF) is pleased to report first quarter cash receipts for
the period ending March 31, 2014 totaled $316,930 (all amounts
quoted in US Dollars). Cash received from first quarter sales was
$169,475 and cash received from accounts receivables relating to
Valdor's recent purchase of the business and assets of VideoWare,
Inc., now called Niagara Streaming Media, was $147,455. Valdor
acquired the Niagara Streaming Media business effective February
14, 2014.
Sales for the first quarter were $245,492 compared to $20,538
for the first quarter 2013. This represents a 1,195% increase. This
revenue encompasses $216,700 from the Niagara Streaming Media
division and $28,792 from the Valdor Fiber Optics division.
Mr. John Hammock, Executive VP Sales & Marketing, Niagara
Streaming Media, states, "To date we have been meeting our sales
objectives and we are confident that the year will progress well as
we integrate into Valdor. Sales typically increase on a quarterly
basis as the year progresses and with the new 'GoStream' product
line we expect new revenue growth worldwide. We see some great
business opportunities on the horizon".
Valdor has received initial comments from the US Securities and
Exchange Commission (SEC) relative to listing on the OTCQB
securities market (please see news release dated 3/26/14). Valdor
plans to respond to these comments by 5/16/14.
About Valdor Technology International Inc.
(www.valdortech.com): 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
Valdor proprietary and patented technologies. 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. Fiber-to-the-home is the future
of telephone, television and internet communications and 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.
ON BEHALF OF THE BOARD OF DIRECTORS OF VALDOR TECHNOLOGY
INTERNATIONAL INC.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Twitter: http://twitter.com/ValdorTechInt
Facebook:
http://www.facebook.com/valdortech
CONTACT: California Operations
3116 Diablo Avenue
Hayward, CA 94545
Telephone: (510) 293-1212
Fax: (510) 293-9997
Email: info@valdor.com
Canadian Office
450 - 789 W. Pender Street
Vancouver, BC V6C 1H2
Telephone: (604) 687-3775
Fax: (604) 689-7654
Email: bfindlay@valdor.com
Investor Contact:
Stuart T. Smith
SmallCapVoice.Com, Inc.
P. 512-267-2430
F. 512-267-2530
Skype: SmallCapVoice.com
Twitter: @smallcapvoice
www.facebook.com/SmallCapVoice
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