Hayward, California - January 7, 2013: The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) is pleased to report that a non-brokered private placement has been arranged for 14,500,000 Units at a price of $0.10 per Unit. Each Unit is comprised of one common share of Valdor and one non-transferable share purchase warrant. Each warrant will allow the holder thereof to purchase one additional common share of Valdor at a price of $0.20 per share for a period of three years from the date of closing of the private placement. The warrants issued with the units will be subject to an acceleration provision. After four months have elapsed from closing, if Valdor's shares trade above $0.40 for 20 consecutive trading days Valdor has the option to provide notice to the warrant holders that one half of their warrants will expire if they are not exercised within 30 days. If Valdor's shares trade above $0.50 for 20 consecutive trading days Valdor has the option to provide notice to the warrant holders that their remaining warrants will expire if they are not exercised within 30 days. A finder's fee will be paid relative to this private placement in accordance with the policies of the TSX Venture Exchange. The proceeds from the private placement will be used for marketing of Valdor's fiber optic products and for general working capital.
The Board of Directors have granted to certain directors and officers a total of 735,000 incentive stock options at $0.13 per share in accordance with the terms and conditions of Valdor's Stock Option Plan.