Valdor Shareholders Appoint New Directors
October 29, 2014 – Vancouver, B.C.Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) (OTC: VTIFF) is pleased to report that during Valdor’s recent Annual General Meeting all proposals presented by Management were approved by the shareholders with more than 99% of votes in favour.
Three new Directors were elected to the Board:
Mr. Robert Sanderson is a self-employed businessman. He owns and operates agricultural businesses in southern Manitoba. He has been a major shareholder in numerous junior public companies and he currently holds an investment of more than 8% of the Valdor market cap.
Mr. Anand Gokel completed a Bachelor of Arts in Economics (B.A.Ec.) from the University of California – Irvine. Mr. Gokel is a self-employed businessman/hotelier. He owns and manages hotels in the San Francisco Bay Area of California.
Mr. Ryan Pavey completed a Bachelor of Science with Honors (B.Sc.Hons.) in Physics and a Bachelor of Science in Mechanical Engineering (B.Sc.M.E.), both from the University of Alberta. Mr. Pavey practices in the field of Mechanical Engineering and is a self-employed Consulting Engineer.
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.