SOURCE: Zcom Networks, Inc.

May 05, 2009 09:30 ET

Zcom Networks Announces Update on Panama Real Estate Project

LOS ANGELES, CA--(Marketwire - May 5, 2009) - Zcom Networks, Inc. (PINKSHEETS: ZCNW) is pleased to announce that our joint venture partners have increased their investments in Playa Paraiso Development Project from $600,000 to $1,500,000. This increase in investments is resulting in the land parcel to be free and clear so that a construction loan can be obtained from local banks on a timely basis. 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 the 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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