March 22, 2011 09:00 ET
ValCom, Inc. Announces Joint Venture With Luken Communications
New Relationship Provides Additional Content, Distribution and Sales Opportunities for My Family TV
CLEARWATER, FL--(Marketwire - March 22, 2011) - ValCom, Inc. (PINKSHEETS: VLCO), a leading independent entertainment company, announced today that it has entered into a strategic joint venture with Chattanooga-based Luken Communications related to the operations, programming, distribution, and marketing of the Company's My Family TV broadcast network subsidiary.
My Family TV (www.myfamilytv.tv) will be part of a bundle of television networks originated and distributed by Luken from their state-of-the-art facility in Chattanooga. The venture will allow ValCom and Luken to leverage multiple television networks when negotiating the content for My Family TV, which provides 24/7 G-rated programming. Negotiations are already underway to obtain television programs that are expected to premiere on My Family TV throughout 2011. The relationship with Luken Communications also creates additional distribution and sales opportunities for ValCom's content library that consists of over 6,000 titles. In addition, the venture will reduce overall costs at My Family TV through economies of scale that exist when multiple television networks operate within the same facility.
"We've taken great steps in growing My Family TV since we acquired the network and we are excited about the opportunities that lie ahead with Luken," stated Vince Vellardita, President and CEO of ValCom. "This relationship makes perfect sense and it will allow My Family TV and ValCom to significantly increase our presence while lowering our overall operating costs."
"We are very happy to have added another family oriented channel to our distribution, and My Family TV will enhance our growth within the family broadcast section of our business," added Henry Luken, CEO of Luken Communications, LLC.
Luken Communications has satellite broadcast capacity in excess of 130 simultaneous broadcast channels, and is the owner of Retro Television, Inc.; Retro TV II, LLC; PBJ Television, LLC; TuffTV, LLC; My Car TV, LLC and Digital Networks, LLC.
About ValCom, Inc.
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 television and film production, broadcasting, distribution, and live theatre. 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 more information, please visit the company's website at http://www.valcom.tv/.
About Luken Communications
Based in Chattanooga, TN, Luken Communications is the parent company of Retro Television, Inc.; Retro TV II, LLC; PBJ Television, LLC; TuffTV, LLC; My Car TV, LLC and Digital Network. Retro Television network (www.myretrotv.com) features classic television programming that's available to over 80 million homes through a network of over 100 broadcast affiliates. Tuff TV Network (www.tufftv.com) is a broadcast network that targets men with a schedule of talk shows, sports, movies, and reality TV. PBJ Television and My Car TV are new networks that will be available sometime in 2011. RTV II is a network that will be available in July 2011. Digital Networks, LLC has acquired and is under contract to acquire in excess of 130 broadcast facilities. Luken Communications, LLC is privately held and headed by Henry Luken. Mr. Luken is an entrepreneur and telecommunications pioneer who is an owner of Christensen Shipyards Ltd. (www.christensenyachts.com) and majority shareholder of Covista Communications (www.covista.com), and founder of Telco Communications. Mr. Luken is also the owner of Luken Holdings, a real estate development firm.
NOTE ABOUT FORWARD-LOOKING STATEMENTS
With the exception of historical information, this press release may contain forward-looking statements as that are made pursuant to the "safe harbor" provisions as defined within The Private Securities Litigation Reform Act of 1995 (the "PSLRA"). Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," and similar expressions. In addition, any other statements which contain characterizations of future events or circumstances are forward-looking statements. These statements are based upon management's current expectations as of the date of this press release. Actual results may differ materially from the expectations contained in this press release due to a number of risks and uncertainties relating to our business which are discussed in detail in the Company's periodic filings with the Securities and Exchange Commission. ValCom, Inc. does not undertake any responsibility to publicly update any forward-looking statements to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.