Valdor has sales of $245,492 (U.S.) in Q1

May 13, 2014

VALDOR TECHNOLOGY INTERNATIONAL INC. ANNOUNCES STRENGTH IN STREAMING MEDIA YIELDS 1,195% SALES INCREASE

Valdor Technology International Inc.’s cash receipts totalled $316,930 (U.S.) for the period ending March 31, 2014. All amounts are in United States dollars. Cash received from first quarter sales was $169,475 and cash received from accounts receivables relating to Valdor’s recent purchase of the business and assets of VideoWare Inc., now called Niagara Streaming Media, was $147,455. Valdor acquired the Niagara Streaming Media business effective Feb. 14, 2014.

Sales for the first quarter were $245,492 compared with $20,538 for the first quarter 2013. This represents a 1,195-per-cent increase. This revenue encompasses $216,700 from the Niagara Streaming Media division and $28,792 from the Valdor fibre optics division.

John Hammock, executive vice-president, sales and marketing, Niagara Streaming Media, stateed: “To date we have been meeting our sales objectives and we are confident that the year will progress well as we integrate into Valdor. Sales typically increase on a quarterly basis as the year progresses and with the new GoStream product line we expect new revenue growth worldwide. We see some great business opportunities on the horizon.”

Valdor has received initial comments from the U.S. Securities and Exchange Commission (SEC) relative to listing on the OTCQB securities market (please see news release dated March 26, 2014). Valdor plans to respond to these comments by May 16, 2014.

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