Valdor Fiber Optics Inc. - Investor Relations Contract Signed

Business Wire, Dec 22, 2000

Business Editors

SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 22, 2000

Valdor Fiber Optics Inc. (CDNX: VFO.) ("Valdor") announces that it has entered into an Investor Relations Agreement (the "Agreement") with Mr. Richard Cooper of Great Neck, N.Y. For the past 11 years Mr. Cooper has provided Investor Relation services for public companies listed on the New York, Toronto, Nasdaq, and Canadian Venture Stock Exchanges.

Mr. Cooper has served with Salomon Brothers for 14 years, five years of which as a managing director of Corporate Finance.

Michel Rondeau Chief Executive Officer of Valdor Fiber Optics commented, " We are very pleased to be working with Richard Cooper. Richard has established a reputation of excellence for providing exposure to companies such as Valdor within the global financial markets. Under his guidance we will immediately pursue analyst coverage, increased retail and institutional sponsorship and proactively communicate with the financial and media community. We are fully committed to increase shareholder value and we recognize the importance of investor relations and the significant contributions that Richard will make in helping us achieve this objective."

Under the provisions of the Agreement Mr. Cooper has agreed to keep registered securities representatives throughout North America appraised of development of Valdor's business. He will assist Valdor in developing a comprehensive Investor Relations program.

Pursuant to the terms of the Agreement Mr. Cooper has agreed to act as an Investor Relations representative of Valdor for an initial period of 18 months subject to earlier termination by either party. Mr. Cooper has no current direct or indirect interest in Valdor or its securities. As consideration for his services he will be paid the amount of US$8,000 per month from cash flow over the period of the agreement and will be granted 400,000 incentive stock options vested over a twelve month period, by Valdor at a price of Cdn$3.50 per share for a period of five years or for such lesser period as the agreement is still in force and effect. Either party may terminate the agreement on March 18, 2001 or June 18, 2001 upon providing 10 days written notice. The Agreement and the 400,000 incentive stock options granted pursuant thereto are subject to the acceptance for filing of the Canadian Venture Exchange.

[pilcrow (paragraph sign)] Valdor is a high technology company specializing in the design and manufacture of fiber optic connectors, ferrules, splices, DWDM's and other optical and opto-electronic components using its proprietary and fully patented IMPACT MOUNTTM technology.

ON BEHALF OF THE BOARD OF DIRECTORS OF VALDOR FIBER OPTICS INC.

"MICHEL Y. RONDEAU"

Michel Y. Rondeau Chief Executive Officer

CDNX Trading Symbol: VFO

The Canadian Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of the contents hereof.