SOURCE: ValCom, Inc.

December 15, 2008 14:35 ET

ValCom, Inc. Closes Deal With Faith TV; Ready to Launch "My Family TV" Network

CLEARWATER, FL--(Marketwire - December 15, 2008) - "ValCom, Inc." (PINKSHEETS: VLCO) (FRANKFURT: VAM), a leader in media technology, facilities and production content for television programming and related services, is pleased to announce that it has closed the purchase of 100% of Faith TV and is now in position to launch, "My Family TV." The launching of "My Family TV" will add additional revenue to ValCom which will integrate its existing studios, expertise in production, a film and TV library of over 800 titles and other assets, towards plans to double and then triple the network's size in the next 1-2 years by expanding its markets to include New York, Boston, Los Angeles, Chicago, Philadelphia, Atlanta, Washington DC, Houston and Detroit.

Commencing on December 15, 2008, the network is currently transmitting nationwide 24 hours a day in 17 million homes via 65 broadcast stations and Sky Angel IPTV. ValCom is building on the future of IPTV as their research denotes a growing and valued market. Over the next two years, the company will actively be building the network to reach its potential of 50 million homes. "With a short-term financial forecast of the network growing to 4 million full time homes by 1st Quarter, 2009, models in this industry indicate that implementation of programming expansion typically results in doubling viewership and that when households reach 50 million the value will increase to upwards of $100 million," said Vince Vellardita, President & CEO of ValCom.

Jim West, President of Faith TV, says the new ownership will enable the network to expand into traditional and emerging distribution markets. "We see a tremendous potential in IPTV as a new and effective way to reach new homes with our family-friendly programming. We believe our new programming lineup will be compelling for cable MSO's and DBS operators as well. America's families want a safe haven for their families to be entertained, educated and edified." West previously launched two other networks and is a 42-year Broadcasting veteran.

Our plan is to take the existing Faith TV and change the name to "My Family TV" and gear the network programming to be more family orientated which we will add another 25 million homes to build to its near future potential giving ValCom over 40 million households. "This will instantly position 'My Family TV' as a serious national network contender giving the network the credibility with Madison Avenue and the major advertising agencies to capture a substantial portion of the dollars spent in national ad campaigns. As a result, this will further create significant revenue and earnings increasing shareholder value," stated Vince Vellardita, President & CEO of 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 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

Forward-Looking Statements

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 Information