SOURCE: Global Gateway Media & Communications, Inc.

December 03, 2009 09:15 ET

Global Gateway Acquires Los Angeles Television Studio

LOS ANGELES, CA--(Marketwire - December 3, 2009) - Global Gateway Media & Communications, Inc. (PINKSHEETS: GGMC), formerly Zcom Networks, Inc., announced today it has changed its name to Global Gateway Media & Communications, Inc. The name change is part of a restructuring to focus on media paired with communications in a seamless format. In furtherance of this new focus, Global Gateway has acquired a state-of-the-art, fully equipped, turn-key, digitally based television studio located in the heart of the Los Angeles media hub that will reach audiences through satellite and cable. Global Gateway will be offering programming on a 24/7 basis.

"This acquisition marks a major step in the company's growth and provides a strong foundation upon which Global Gateway plans to grow its operations," said Dr. Alex Parsinia, CEO. "Our strategy is to offer a variety of focused programming for targeted demographics in order to boost viewership quickly with shows that generate advertising revenues and earnings from the sale of goods," he added.

As part of the restructuring, a reverse stock split has been effected. "These important changes are just the start of the re-positioning of the company to achieve strong revenue and profitability growth. These include new shows, such as an At-Home Shopping Network along with the new 'Talk Money TV' program," said Dr. Alex Parsinia. Additional programming is set to be broadcast shortly.

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About Global Gateway Media & Communications, Inc.

Global Gateway Media & Communications, Inc. is a media and communications focused company. Through its subsidiaries and holdings, it has two core businesses: Media Broadcasting and Telecom. The Company offers radio and video content delivered live and on demand over the internet. Audiences can access programs 24 hours a day, seven days a week, directly or via podcast. The company's Satellite TV broadcast, "Talk Money TV," reaches nearly 10 million viewing households in the US, Canada, and Mexico, as well as in Europe, Asia, and Australia. In the telecom sector, the Company offers voice and data services to wholesale and retail customers for both fixed and fixed to mobile platforms with interconnectivity through state of the art access methodology such as VOIP, TDM, E1, as well as through traditional interfaces.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

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