(via Thenewswire.ca)
Vancouver, BC / TheNewswire / February 24, 2015: Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that revenue received from its operating subsidiaries, Niagara Streaming Media and Valdor Fiber Optics, for the twelve month period ending December 31, 2014 totaled US$1,140,077 compared to US$134,062 for the same period in 2013. This revenue increase of US$1,006,015 represents an 750% year over year increase. Revenue of US$399,832 for the 4th quarter represents a 36% increase over the 3rd quarter.
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3 MONTH
PERIOD
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FISCAL YEAR
2013
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FISCAL YEAR
2014
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|
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January 1 - March 31
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$20,538
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$245,492
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April 1 - June 30
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$32,361
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$201,364
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July 1 - September 30
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$44,993
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$293,390
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October 1 - December 31
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$36,170
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$399,832
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Total Revenue
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$134,062
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$1,140,078
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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."
About Valdor Technology International Inc. (www.valdortech.com)
Valdor is a communications technology company with two divisions:
1) Niagara Streaming Media is an industry pioneer and global leader in the encoder hardware and software market. Thousands of Niagara systems have been deployed worldwide through its network of several hundred distributors and value added resellers. Niagara owns four patents and designs, manufactures and sells the Niagara and GoStream product lines;
2) Valdor Fiber Optics is a fiber optic components company specializing in the design, manufacture and sale of passive fiber optic components, including some that use Valdor proprietary and patented technologies. The company specializes in harsh environment products. In particular Valdor is focused on the roll-out of fibre-to-the-home in North America with a unique and compelling splitter design; the deregulation of the telecom sector in Mexico; and the roll-out of fibre-to-the-home in Latin America.
Fiber-to-the-home is the future of telephone, television and internet communications and 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 news release.
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