SOURCE: Zcom Networks, Inc.

June 16, 2009 09:15 ET

Zcom Networks Announces Implementation of K-Matrix Software

LOS ANGELES, CA--(Marketwire - June 16, 2009) - Zcom Networks, Inc. (PINKSHEETS: ZCNW) is pleased to announce today that Kortel Communications, Inc. (, a subsidiary of Zcom, has commenced implementing its own internally developed and designed proprietary software designated as K-Matrix. The software is a comprehensive, real time billing system with full P&L capability to analyze telecom traffic routes and profit margin as well as risk analysis in buying, selling, and arbitraging rate structure. "Kortel is a switch-based telecom company which capitalizes on its cutting edge telecom networks, software, and service infrastructure to offer a wide range of voice and data services to both wholesale and retail clients," said Zcom CEO Dr. Alex Parsinia. "The company has extensive well established domestic and international routes with tier one telecom clients as well as vendors," he added.

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About Zcom Networks, Inc.

Zcom is a multi-industry company. Through its subsidiaries and holdings, it has three core businesses: Media Broadcasting, Telecom, and Mineral rights/Real Estate. 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. 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. Zcom's Mineral Rights/Real Estate Division owns a mining development, exploration, and extraction company with a 160-acre gold, silver, tungsten, platinum and copper placer mining claim -- CLS #12 in Ridgecrest, California. Additionally, Zcom is a joint venture partner in the Playa Paraiso Development Project in Panama, which includes the construction and sale of 5 beachfront villas and 20 condominiums.

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.

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