September 10, 2008
ValCom Positioned to Surpass Previous Company Worth
ValCom, Inc. (PINKSHEETS: VLCO) (FRANKFURT: VAM), once a media giant, has put in motion a strategy to re-position the company for unprecedented growth in coming years. "We once enjoyed a market cap of $275-million," explains Vince Vellardita CEO / President of the company, "and we have every intention of surpassing our previous position as we hold assets and alliances necessary to be competitive and victorious in the future of our industry."
"We've built a solid foundation in recent months," adds Vellardita. "Our management is in place and we've created $14-million in revenue on pace for $50-million." In the previous six months ValCom has realized acquisitions of businesses that comprise the mandatory elements of an international media entity rich with technology and creativity. These include VALCOM STUDIOS, a full service production facility with multiple sound stages, editing suites, pre and post production facilities and a satellite dish farm capable of beaming multiple television networks and programming the world, and CHAMELEON COMMUNICATIONS GROUP an established fixed and mobile teleport operator based at the group's headquarters. The satellite communications company will increase ValCom's short term revenues by over one million annually. ValCom's group also includes SATCOM SCIENTIFIC, a 15+year satellite and communication technology company with the design, manufacture and installation of both fixed and mobile systems. SSI's outreach includes the world market and the planned delivery of 15 mobile units for non-military government use with an LC backed contract worth $7.5m for delivery in 2009 and 2010.
Set to close September 30, ValCom will add FAITH TV -- positioned to become a family television network (FAMILY TV NETWORK) which will also add additional revenue to ValCom and which will further integrate their existing studios, expertise in production, a film and TV library and other assets toward plans to double and then triple this network's size in the next 1-2 years. Models in this industry indicate increase in programming expansion that typically results in doubling viewership and household reach to 50 million which will increase to upwards of $100-million.
Vellardita, a 30-year veteran in the entertainment industry, champions the ValCom strategy and notes: "We are aggressively building a solid and highly-competitive media entity and are taking the lead to incorporate every area of technology and intellectual property demanded in today's marketplace." Vellardita has retained the services of management and other key employees for these successfully built companies. "Our team includes Buddy Winsett a recognized pioneer and innovator having been instrumental in putting seven full-time national television networks on the air; Jim West with 40 years experience in radio and television including TV News Director and projects with HSN founder Lowell W. 'Bud' Paxson; and AJ Miceli, chief design engineer, responsible for the design and installation of transportable and fixed earth stations internationally."
Vellardita, a self-acclaimed survivor of "success-excess," Wall Street rebukes and personal health challenges, has rallied in all areas with every intention of re-building his company to an even greater value than once held. "I'm back in with a passion and our entire team is steamrolling through each day paying attention to detail and with our eyes riveted on long term goals."
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, 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.
Media Contact: Terri Hartman 813/767-7915 [email protected] Investor Relations: Lyndi Demers 727/953-9778 [email protected]
SOURCE: ValCom, Inc.