(via Thenewswire.ca)
Hayward, California - November 7, 2008: The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSXV:VTI) is pleased to report that Valdor has entered into an investor relations agreement with Fagan Financial Group, based in Blaine, Washington, to provide Investor Relation services for Valdor.
Fagan Financial will provide introductions and continuing liaison with writers and publishers of various subscriber based publications including newspapers, magazines, business publications, and financial publications. It will review and provide advice regarding the presentation, design, grammar, style and functionality of the corporation's public communication materials, including the corporation's website and the corporation's presentations from time to time at various industry meetings, conferences, and trade shows, and provide advice pertaining to the overall business development of the corporation. It will communicate directly with funds, analysts, brokers, and accredited investors for the purpose of encouraging and promoting investment in the corporation.
Valdor and Fagan Financial are at arm's length and have entered into this agreement for an eighteen month term. As compensation, Fagan Financial will be granted an option to acquire 350,000 shares of Valdor at a price of $0.15 per share and will be paid a monthly consulting fee of $7,500. The stock options will be granted in accordance with TSX Venture Exchange policies and the corporation's stock option plan.
About Fagan Financial Group:
Fagan Financial is a full-service investor relations firm based in Blaine, Washington. Brian Fagan, President, is well known in the equity market, having over 30 years experience in all aspects of marketing and raising capital for Canadian listed companies. With his experience and carefully cultivated wide-ranging network of media associates, brokers, and contacts in the financial community, Fagan Financial provides a very personalized, effective program for building market awareness for promising small-cap listed companies.
About Valdor Technology International Inc.
Valdor, established in 1985, is a high technology fiber optic components company specializing in the design and manufacture of fiber optic connectors, ferrules, splices, dense wavelength divisional multiplexing and other optical and optoelectronic components using its proprietary patented Impact Mount™ and HeptoPort technology. Valdor's Impact Mount™ Technology all-metal-epoxyless no-index-matching-gel field termination connectors, mechanical splices, and installation kits have major advantages in many fiber optic applications. Valdor's patented IMT connectors are the only connectors suitable for many harsh environment applications in the fiber optic industry. Please see www.valdor.com for complete information on Valdor.
ON BEHALF OF THE BOARD OF DIRECTORS OF
Valdor Technology International Inc.
"MICHEL RONDEAU"
Michel Rondeau, President and CEO
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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