August 5, 2008
ValCom Signs SatCom Scientific
ValCom, Inc. (PINKSHEETS: VLCO) (FRANKFURT: VAM) announced that it has signed a letter of intent to acquire SatCom Scientific Inc. (SSI), a company manufacturing mobile satellite trucks for government agencies and broadcasters worldwide. The stock/cash acquisition is scheduled to close on or before September 30, 2008 and will increase ValCom's revenue by 7.5 million dollars.
"SatCom Scientific not only brings us a contract with this near-term revenue, but also increases ValCom's international broadcast presence," said Vince Vellardita, ValCom President & CEO. "SSI's international business combined with their backlog of orders will contribute to both immediate and longer-term revenues, and enhance shareholder equity."
"It will be a pleasure to work with such a dynamic broadcaster as Buddy Winsett," said A. J. Miceli, President of SSI. "With the support of Vince Vellardita and the talented team at ValCom, our growth potential will be enhanced significantly."
SatCom Scientific (SSI) today is best known for its production of mobile units. It is one of the few companies in the United States engaged in the design, fabrication and integration of mobile satellite trucks for government agencies and broadcasters worldwide. With a backlog of satellite trucks orders, the company has found a product in demand in a niche market. Customized satellite trucks and specialized communications platforms have been delivered to clients as near as Walt Disney World in Florida to such far-flung locations as China, Oman, and the Ivory Coast as well as throughout the continental United States and the Americas. www.satcomscientific.com
Based in Clearwater, FL., ValCom, Inc. is a diversified, fully integrated, Independent Entertainment Company that has been in operation since 1983. ValCom, Inc., through its operating divisions and subsidiaries, creates and operates full-service facilities that accommodate film, television and commercial productions with its four divisions comprised of Studio and Rental, Television and Film, Broadcasting, and Live Theater. ValCom, Inc. has participated in over 100 films, numerous Broadway shows, and thousands of episodes of television. ValCom's client list consists of all of the majors such as MGM, Paramount Pictures, Warner Bros., Disney, CBS, Sony, NBC, Phantom of the Opera, HSN, and more. For additional information visit www.valcom.tv
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
Contact: Investor Relations Lyndi Demers Telephone 727-953-9778 [email protected] Web Site http://www.valcom.tv
SOURCE: ValCom, Inc.