New Director: Executive with Latin American Telecom Experience
March 12, 2014 – Vancouver, B.C.Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) (OTC: VTIFF) is pleased to announce that Mr. Hector Toledo, of Mexico City, Mexico has been appointed to the Board of Directors.
Mr. Toledo received a Bachelor in Civil Engineering from the Universidad Nacional Autonoma de Mexico (UNAM) in 1974; a Master in Business Administration (MBA) from University of California – Los Angeles (UCLA) in 1977; a Bachelor in Telecommunications Engineering from Technical University of Achen (Germany) in 1981 and; an MBA from Instituto Para Alta Educacion de Empresas (IPADE – Mexico City) in 1986. Mr. Toledo has also attended several University Executive Programs in various countries.
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. Toledo has had management, sales and marketing experience in USA, Mexico, Central America, South America, France, Germany, India, Soviet Union, Egypt, Turkey, Australia and South Africa, predominantly with telecom and information technology systems. He is fluent in Spanish, English and German and has working knowledge of French. He has personal and business relationships with many of the senior executives who control some of the largest telecommunications companies in Latin America.
Mr. Elston Johnston, Chairman/Director states, “Hector brings a rich and diverse pool of sales, marketing and management experience from his long career in the telecom sector. His business contacts and relationships can help open markets for us in Mexico, Central America and South America. Hector’s experience will be of great value to our corporate growth and we look forward to the strategic vision he will provide as Valdor moves into its next phase of growth.”
Valdor has granted 350,000 incentive stock options to Mr. Toledo at $0.10 per share vesting every six months. These options have been granted for a period of five years in accordance with the terms and conditions of the Company’s Stock Option Plan. Valdor has agreed to pay Mr. Toledo a 5% commission on sales generated in Latin America and other areas where he has been instrumental in bringing in new purchase orders.
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;
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.
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 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.