Valdor Experiences Significant Revenue Growth in 2014
January 1 – March 31
April 1 – June 30
July 1 – September 30
October 1 – December 31
In the 4th quarter of 2014, the gross profit was greater than the burn rate.
Mr. John Hammock, Executive VP Sales & Marketing, Niagara Streaming Media, states: “During the past four years, and especially the past 18 months, due to consolidation in the encoder industry and our advantage on price, features and functionality, our competition in the global market has declined by about half. Consumers are now beginning to realize the decrease of vendors and we are beginning to realize the benefit. We are confident that our line of products is competitively priced and technologically superior.”
Mr. Elston Johnston, Chairman, states: “Most of our sales growth relates to our streaming media division. John Hammock has been enthusiastically and aggressively driving Niagara sales. He has been meeting our sales objectives and has some great ideas for making 2015 stronger than 2014.”