SOURCE: Zcom Networks, Inc.

November 24, 2008 08:30 ET

Zcom Networks, Inc. Reduces Issued and Outstanding Common Stock by More Than 25%

LOS ANGELES, CA--(Marketwire - November 24, 2008) - ZCOM NETWORKS, INC. (PINKSHEETS: ZCMN) announced today that as part of the implementation of company's anti-dilutive strategy, the company is retiring an additional 250,000,000 shares of common stock back to its treasury. This action combined with previously announced cancellations effectively reduces the total issued and outstanding common shares by 1,250,000,000 -- or approximately 25%. Management previously announced that its proactive strategy to enhance shareholder value may ultimately reduce the common shares issued and outstanding by more than 25% in the short term, with further corporate action to effect price per share appreciation in the long term. "We are taking all appropriate actions to enhance shareholder value as evidenced by today's announcement and recently announced cancellations. Since we enacted this initiative, we have reduced the common shares issued and outstanding by more than 25%. In this, we have exceeded our initial goal, and it is testament to our commitment to shareholder value. Again, we believe our current price per share is undervalued and we will continue our best efforts to increase the company's valuation. It is paramount to our shareholders and to the implementation of our overall plan of growth," said CEO Dr. Alex Parsinia.

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About Zcom Networks, Inc.: Zcom is a multi-industry holding company with diversified interests including, among others, wholly owned subsidiaries, Allied Mineral Group, Inc., a mining development, exploration and extraction company with the 160 acre gold, silver, tungsten, platinum and copper placer mining claim CLS#12 in Ridgecrest, California; Pam TV International, Inc., a talk and music program provider offering a wide range of content through an interactive multi-media broadcast platform utilizing the internet, traditional radio and satellite radio; and Super Bazar International, Inc., a shopping network company marketing and promoting multiple products on TV, radio and internet including Super Fuel and TV Box.

This release include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel. The company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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