SOURCE: Zcom Networks, Inc.

April 29, 2009 10:44 ET

Zcom Networks Announces Panama Real Estate Project

LOS ANGELES, CA--(Marketwire - April 29, 2009) - Zcom Networks, Inc. (PINKSHEETS: ZCNW) is pleased to announce that through our real estate investments division, we acquired ownership interest in Palaya Paraiso Development Project in Panama. Through our joint Venture, we have invested $600,000 for the initial acquisition of land parcel to build 5 beachfront villas and 20 condominiums. Total land cost is estimated to be $1,500,000 and total construction cost is estimated at $2,550,000. With the addition of financing and interest charges, total project cost is forecasted at $3,220,000. Beachfront Villas are projected to be sold at $450,000 each and condominiums at $180,000.00 with a total sales expected to top $5,850,000. Based on these figures, the Playa Paraiso Project is forecasted to generate $2,628,000 in earnings for a 179 % return on investment. "The silver lining to the current global economy is the opportunities that abound in undervalued assets such as the Playa Paraiso project. We are excited to be diversifying Zcom's holdings in undervalued assets. Further, in association with E-Realty in Los Angeles, California with over 100 real estate agents, we are aggressively pursuing the acquisition of undervalued residential and commercial properties in California as well as other locations."

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About Zcom Networks, Inc. Zcom is a multi industry company with two core businesses: Media Broadcasting/Home Shopping Division and Mineral rights/Real Estate Division. We offer radio and video content delivered live and on demand over the internet. Listeners can access our programs 24 hours a day, seven days a week, directly or by podcast. We are in the process of launching a Direct Broadcast Satellite (DBS) and IP TV that will reach over 10 million households in US, Canada and Mexico. We offer products and services through our Home Shopping Network that are marketed and promoted through our own TV stations as well as through our affiliates. Existing products/services include Super Fuel and TV Box. We own a mining development, exploration and extraction company with 160 acre gold, silver, tungsten, platinum and copper placer mining claim CLS #12 in Ridgecrest, California. We are a joint venture partner in Playa Paraiso Development Project in Panama to build 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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