SOURCE: ValCom, Inc.

March 28, 2011 09:15 ET

ValCom, Inc. Announces Initial Results of Content Library Appraisal

DOS Broadcast & Appraisal Service's Assessment of Library Exceeds Company's Expectations

CLEARWATER, FL--(Marketwire - March 28, 2011) - ValCom, Inc. (PINKSHEETS: VLCO), an independent entertainment company, is pleased to announce that it has completed the first phase of the audit and appraisal of its content library. In order to determine an accurate value of the more than 6,000 titles that have been acquired by the Company over the past 25 years, ValCom contracted with DOS Broadcast and Appraisal Services of Auburn, AL, a leading business consulting firm for the motion picture industry.

In the first phase of the appraisal, a value is placed on the television and film portion of the library; DOS has commenced on the two additional phases of the appraisal and estimates completion time to fall within the next month to include the audio content of the ValCom library. Based on the DOS audit of ValCom's TV and film content, a value of $40,182, 000 has been placed on this portion of the library alone. These results greatly exceeded ValCom's already high expectations of the value of this content, and will add even more value to the Company's bottom line.

In addition, DOS has identified over $2 Million in royalties due to ValCom from some of the titles in the content library. The Company has initiated the process to recover these funds and anticipates that payments will begin shortly, with full satisfaction of the debt by the end of the year.

"While we're not at all surprised that DOS found such value in our library, we are proud to announce that the results of this portion of the appraisal exceeded even our high expectations," stated Vince Vellardita, President and CEO of ValCom, Inc. "We know we have phenomenal titles in the ValCom library that are going to command top dollar as we license them in the domestic and international marketplace."

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/.

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.

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