Deal for VideoWare has been approved

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Valdor is a high technology company specializing in the design and manufacture of fiber optic connectors, laser pigtails, splitters, and other optical and optoelectronic components.

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antlizzie

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Deal for VideoWare has been approved

posted on Feb 21, 2014 05:01PM

Vancouver, BC - February 21, 2014: The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX-V:VTI.V - News) (OTC:VTIFF - News) is pleased to report that Valdor has received approvals from the TSX-V for the acquisition of the business and all the assets of VideoWare, Inc. ("VideoWare"), a wholly owned subsidiary of ViewCast.com, Inc. ("ViewCast"), located in Grapevine, Texas. VideoWare has been in business for eight years and revenue for the calendar year ending, December 2013, was in excess of US$1,800,000.

I know this has been announced before but now that it has been approved, the deal becomes official. I'm interested and have followed this company for two or three years. Can anyone tell me if this revenue of $1,800,000 per year makes VTI cash flow positive?