ValCom updates Shareholders
(firmenpresse) -
ValCom updates Shareholders
CLEARWATER, FL, Jun 15, 2010 -- ValCom, Inc. (OTCBB: VLCO, Frankfurt: VAM1) today announced that it`s President and CEO Vince Vellardita has published a letter in order to update shareholders and investors on some exciting developments at the company. The shareholders letter can be found in the investor relations section of the company`s website at http://www.valcom.tv.
Mr. Vellardita states that he had to take a leave of absence from ValCom to correct his previous personal health situation. During that time, the Company went through extreme challenges and lost considerable value. He assures his shareholders that these health issues are now behind him and he is back at the helm of ValCom more, implementing a complete turn around.
Starting in the early Spring of this year, ValCom has filmed and produced a television special featuring Michel Legrand, one of the most famous film composers and orchestra conductors in the world. The special features a 66 piece orchestra accompanying many industry celebrities including Dionne Warwick, George Benson, Sting, Quincy Jones, Frank Sinatra Jr. and many more at the MGM Grand Hotel in Las Vegas. ValCom now has begun the process of monetizing this production by entering into an agreement with PBS that will bring both licensing fees and product revenues to ValCom. The Show will air in August 2010. This relationship along with many other distribution points will make the Company potentially millions of dollars over the next few years with additional residual income over the decade.
In collaboration with these distribution points and the Michel Legrand piece, ValCom has three similar television projects in the works. The company also owns the rights to The Platters music library containing over 1100 titles, which it plans to develop into a broadcast television show and DVD and CD for the retail market.
Mr. Vellardita further states that the company is also extremely excited about recent developments with ValCom’s wholly owned subsidiary My Family TV. ValCom purchased what was a faith based television network at the end of 2008 and converted it to a family television format. ValCom has been adding new content and will be including a new financial news show for weekends and a home auction program each week. My Family TV has also added distribution through Direct TV and Dish Networks, added Dallas, Tampa, and Denver markets and is working on major cables deals.
In addition to all of this, ValCom owns My Family TV free and clear. The company recently managed to pay off all costs associated with the acquisition, part of our turn around progress.
Television networks have great value. In recent years, The Family Channel sold for $5.5 Billion and The Weather Channel sold for $4 Billion. ValCom has already grown the value of My Family TV and will continue to grow the value of the network with expectations to be positioned for a very large resale of the network when market conditions reach new peaks.
According to Mr. Vellardita, 2010 will be a flagship turn around year for ValCom. The management is also working on positioning the Company to acquire additional broadcast stations, including a substantial increase in the current market capitalization because of these fundamental advancements with more to come. Assuming the market place understands and reacts to ValCom`s core growth and progress, including all new revenue streams, substantial market value recognition should be possible in the near future. Because the company`s overhead is so low, and owns it`s library with over 900 film titles and 10 television series outright without royalty burdens, ValCom is able to make money in a market where others cannot.
Mr. Vellardita underscores that ValCom is making progress each day to increase revenue and increase Shareholder value. He is excited about what is happening and extremely optimistic about the company`s future!
Ingrid Clavijo
(727) 953-9778
ingrid(at)valcom.tv
Leseranfragen:
Valcom Inc.
North Naomi Street 2525, US-91504 Burbank, California
Telefon +1 (818) 848-5800
Fax +1 (818) 848-6454
Internet www.valcom.tv
Kontakt info(at)valcom.tv
Datum: 16.06.2010 - 10:36 Uhr
Sprache: Deutsch
News-ID 22500
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Town:
Wien
Kategorie:
Business News
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