SOURCE: Zcom Networks, Inc.

September 09, 2009 09:10 ET

Zcom Networks Acquires Balance of Shares Of Speedia Media

LOS ANGELES, CA--(Marketwire - September 9, 2009) - Zcom Networks, Inc. (PINKSHEETS: ZCNW) announced today that it has acquired the balance of shares of Speedia Media, Inc. from SNN, Inc. which will make Speedia Media, Inc. a wholly owned subsidiary of Zcom.. Speedia Media, Inc. is the owner of "Talk Money TV" (www.talkmoneytv.com). "'Talk Money TV' is positioned to become one of the most innovative financial/business channels by providing a platform for CEOs and entrepreneurs to present their message as well as their products and services. 'Talk Money TV' is one of the most concise and audience focused channels by providing financial, economic, and general business information highlighting Micro-Cap companies with live and pre-recorded content," said Dr. Alex Parsinia, CEO of Zcom. "Talk Money TV" shows are broadcast through satellite and cable. Shows can also be viewed by visiting www.talkmoneytv.com.

For more information, visit www.zcomnetworks.net

About Zcom

Zcom is a multi-industry company. Through its subsidiaries and holdings, it has two core businesses: Media Broadcasting and Telecom. Zcom offers radio and video content delivered live and on demand over the internet. Audiences can access programs 24 hours a day, seven days a week, directly or via podcast. The company's Satellite TV broadcast, "Talk Money TV," reaches nearly 10 million total potential viewing households in the US, Canada and Mexico as well as in Europe, Asia and Australia. In the Telecom Sector, Zcom offers voice and data termination services to wholesale and retail customers for both fixed and fixed to mobile platforms with interconnectivity through VOIP, TDM, E1, or traditional interfaces.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact Information

  • Contact:
    Zcom Networks, Inc.
    Dr. Alex Parsinia
    CEO
    Email Contact
    800-429-8182