New President and Director Appointed
December 7, 2012 – Hayward, CaliforniaValdor Technology International Inc. (“Valdor”) (TSX: VTI-V) is pleased to announce that Mr. Las Yabut has been appointed President of Valdor and it’s operating subsidiary Valdor Fiber Optics Inc. and Mr. Mark Gustavson has joined the Valdor Board of Directors. Messrs. Yabut and Gustavson add leadership and company building expertise in the technology/telecom sector. Valdor will continue to focus on several avenues for increasing sales and profitability while taking advantage of Valdor’s industry leading next generation product lines.
Mr. Yabut has been Vice President Manufacturing with Valdor for the past 12 years. Mr. Yabut earned a Bachelor of Science in Industrial Engineering at the Mapua Institute of Technology in Manila, the Philippines in 1983. While employed with the Passive Products Division of AMP/TYCO he gained experience first as an Engineering Technician, then as a Production Supervisor, Manufacturing Engineer, Production Manager and finally as Director of Operations. He has extensive hands on experience in the manufacturer and testing of passive fiber-optic components. He also has extensive relationships with fiber optic component manufacturing facilities throughout Asia, the Philippines and North America.
Mr. Gustavson received a Bachelor of Science in Political Science from the University of Oregon in 1991. He began his career as a Private Banker at Hong Kong and Shanghai Banking Corporation (HSBC) in Saipan, Commonwealth of the Northern Mariana Islands. While at HSBC Mr. Gustavson was a Portfolio and Global Investment Manager where his focus included introducing early stage technology companies to domestic investors. He is a seasoned and accomplished banker with focus in institutional backed plays and international business and has held many simultaneous roles including Angel Investor, reorganization specialist and company founder; with unrivaled domain experience in industry-transforming technology companies. His sector specialties include: biotechnology, fiber optics, IP based banking, mobile device systems, IP payment technologies and social media. He currently resides in the San Francisco Bay Area.
Mr. Robert Nickel has resigned as Director and Officer. The Valdor Board thanks Mr. Nickel for his contributions during the past several months and wishes him well with his future endeavors.