SOURCE: ValCom, Inc.

September 28, 2009 11:25 ET

ValCom Closes With ABEX Capital

Secures $2 Million in Cash Equity

CLEARWATER, FL--(Marketwire - September 28, 2009) - ValCom, Inc. (OTCBB: VLCO) (FRANKFURT: VAM1), a leader in media technology, facilities and production content for television programming, announced today that it has closed the first tranche of $400,000 equity financing under its agreement with ABEX Capital. ABEX has committed to funding up to $2 million over the next 4 months into the Company to grow its business model for television broadcast, production and film distribution.

"We are pleased to make a strategic investment in ValCom and like the direction of the Company. Vince Vellardita and his team have done an outstanding job building the MyFamilyTV network and establishing its real estate disposition channel to promote and sell distressed properties," said Patrick Willemsen, President and CEO of ABEX Capital.

In December 2008, ValCom purchased Faith TV and re-branded the network to a family-oriented format as MyFamilyTV. MyFamilyTV has experienced rapid growth through affiliation and programming distribution agreements. ValCom has expanded the network's broadcast carriage from 14 million homes to almost 60 million homes across the United States.

Leveraging its years of experience in television production and live-event promotions with opportunities now available in the distressed real estate market, the Company has launched its real estate channel. The Company produces real estate auctions bringing together the power of television with the power of the internet. ValCom's promotions and live-auction format are able to harness the power of these media channels to drive investors and home buyers to hundreds of properties that can be purchased at a significant discount to their original market value.

"ABEX brings us the capital and expertise we need to launch our fully integrated real estate disposition channel and further develop our broadcast capabilities. We have a great partner in ABEX and look forward to building on our solid foundation with strong financial team," said Vince Vellardita, President and CEO of ValCom.

ValCom will apply the ABEX funding to pay-off its acquisition note for the network and upgrade its broadcasting capacity. The Company will expand in 2009 and 2010 by launching high-definition service for content distribution utilizing multiple digital mediums supporting cable television, telecommunication, satellite and IPTV providers. In addition, enhancing MyFamilyTV broadcast capabilities plays a key role in the growth of the real estate channel by managing the short-form and long-form advertising inventory and content distribution that are used to carry and promote ValCom's live-auction real estate events. The Company's next scheduled live-auction real estate event is scheduled for October 3rd from 1:00pm - 5:00pm EDT. Visit: www.HomesToBidOn.com

About ValCom, Inc.

Based in Clearwater, Florida, 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 three divisions comprised of television broadcasting, television, film and live-event production, and studio and rental, television and film, television broadcasting, 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. Visit: www.Valcom.tv, www.MyFamilyTv.tv

About ABEX Capital, Inc.

Based in Orlando, Florida, ABEX Capital is a real estate investment company that invests on behalf of its joint venture financial partners. The company operates a $250 million investment fund as well as several smaller investments in joint ventures with individual investors. To facilitate its investment ABEX Capital operates its own set of supporting companies. Under its subsidiary Emergo Business Group, Inc. it operates a construction and development company as well as property management group. Also under its subsidiary Florida Opportunities, Inc. it operates a real estate brokerage, mortgage company and title agency. Visit: www.abexcapital.com

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

  • Contact:
    Investor Relations:
    Newport Capital Consultants
    Gary Bryant
    940.725.3671