New Director -- Accomplished Executive With Latin American Telecom Experience
March 12 2014 - 7:00AM
Valdor Technology International Inc. ("Valdor") (TSX-V:VTI)
(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 televisions. 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.
About VideoWare: VideoWare is in the streaming
media industry and markets the Niagara and GoStream product lines,
internationally. There are four patents associated with these
product lines. Streaming video is the future of television and
Valdor management believes now is the time to enter this compelling
business sector. In addition to the price versus value
argument supporting Valdor making this acquisition: 1) the
streaming video industry is converting to fiber optics; 2) the
VideoWare customers are a market for fiber optic components,
unrelated to their video streaming and; 3) VideoWare management,
that are part of the acquisition, has significant experience and
contacts in the fiber optics industry.
About the Fiber Optics Industry: Fiber optics
is the future of communications. The signal transmission
business is in the early stages of a fiber optics bull
market. Signal transmission in its many and various forms is
being converted from electrical to fiber optics. A
comprehensive report by Global Industry Analysts Inc., on the fiber
optic components market, projects that the fiber optics market will
reach US$42 billion by the year 2017.
About Valdor Technology International Inc.
(www.valdortech.com): Valdor is a high technology
fibre 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 MountTM
technology. Valdor specializes in harsh environment products
and in particular splitters and connectors. The Valdor
business plan incorporates growth by acquisition. For further
information on Valdor's product lines please visit
www.valdor.com.
Twitter: http://twitter.com/ValdorTechInt
Facebook: http://www.facebook.com/valdortech
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.
Contact: |
|
California
Operations |
Canadian
Office |
3116 Diablo
Avenue |
450 - 789 W. Pender
Street |
Hayward, CA 94545 |
Vancouver, BC V6C
1H2 |
Telephone: (510)
293-1212 |
Telephone: (604)
687-3775 |
Fax: (510)
293-9997 |
Fax: (604)
689-7654 |
Email: info@valdor.com |
Email:
bfindlay@valdor.com |
CONTACT: 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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