Clarification of Valdor October 7, 2015 News Release
Vancouver, BC / TheNewswire / October 7, 2015 - Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) (OTC: VTIFF) (Frankfurt: VZAA) reports at the request of the Investment Industry Regulatory Organization of Canada (IIROC) that Valdor issue a clarification that retracts the following statement:
“This current initial phase of the project will be five months installation and will end in February 2016; but future phases will be on an accelerating timeline. The Valdor/Inteligencia partnership will make every effort to participate in future phases of this communication systems roll-out. Potential business from future phases that Valdor and Inteligencia, in partnership, could facilitate is expected to be about US$20,000,000 annually, from 2016 through 2018 inclusive. Homologation is not required for this project.”
The clarification of the statement now reads;
“This current initial phase of the project will be five months installation and will end in February 2016; but future phases will be on an accelerating timeline. The Valdor/Inteligencia partnership will make every effort to participate in future phases of this communication systems roll-out. Potential business from future phases that Valdor and Inteligencia, in partnership, could facilitate is expected to be significant during the period from 2016 through 2018 inclusive. Homologation is not required for this project.”
- See more at: http://thenewswire.ca/...alyst2=release_id=17641#sthash.r8YJhVHQ.dpuf |
