SOURCE: ValCom, Inc.

September 30, 2009 09:06 ET

ValCom Pays off Television Network

CLEARWATER, FL--(Marketwire - September 30, 2009) - Valcom, Inc. (OTCBB: VLCO) announced today that it has made the final payment in the acquisition of Faith TV. ValCom purchased Faith TV in December of 2008 and re-branded it into MyFamilyTV.

Faith TV was on the air for 7 years with a faith-based programming format. The network carried inspirational content, movies and classic television programming. Upon acquisition, ValCom implemented a family programming format and radically changed the daily programming of the network.

The network has experienced unprecedented growth in a few short months. In late 2008, the network's programs were available to 14 million homes. Through new affiliation and program distribution agreements, MyFamilyTV's programming is now available to almost 60 million homes.

MyFamilyTV's daily programming lineup now includes travel programs, reality shows, cooking programs and home improvement programming. The network is also the home of KidMango, a partnership with PorchLight entertainment that delivers a new kid's programming block. KidMango runs daily on MyFamilyTV with titles like Jay Jay The Jet Plane, Dennis the Menace and Where on Earth is Carmen Sandiego.

"When I first presented the idea of purchasing Faith TV to the Board, I had a vision comparable to what has happened with Pat Robertson's CBN/Family Channel in the late '90s," said Vincent Vellardita, CEO of ValCom, Inc. "I watched an inspirational channel change to a family programming format after being sold to Rupert Murdoch. Fox Family was then sold to The Walt Disney Company for $5.1 Billion. I see my vision coming to a reality, since we now have one of the only television networks that are paid off. How many companies have been able to close on the acquisition of a television network, make full payment, operate it debt free, and grow it 400% in less than a year in this market?" stated Vellardita.

"MyFamilyTV has a key strategic advantage over almost all television networks," added C.A. Powers, President of MyFamilyTV. "Not being saddled by debt will allow us to take the next crucial steps at the network, which will include the launch of our High Definition service and developing original programming. It only takes one hit TV show to launch a network," stated Powers.

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 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

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:
    MyFamilyTV
    Ken Gibson
    727-375-8200