SOURCE: Zcom Networks, Inc.

August 25, 2009 09:15 ET

Zcom Networks Corporate Restructuring Designed to Focus on Core Businesses of Media and Telecom

LOS ANGELES, CA--(Marketwire - August 25, 2009) - Zcom Networks, Inc. (PINKSHEETS: ZCNW) announced today that the Company's recent restructuring is designed to divest the mineral right asset in order to focus on its core businesses of media and telecom. Furthermore, Zcom is involved in a serious negotiation to acquire a Southern California based media company with holdings in financial publishing, e-marketing, and entertainment. "We are excited about our restructuring plan and believe that our timing for moving to a more focused strategy could not be better," stated Zcom CEO Dr. Alex Parsinia. "We will be announcing further information on the progress of our negotiation to acquire the Southern California based Media Company shortly," he added.

For more information, visit www.zcomnetworks.net and www.talkmoneytv.com

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
    310-754-5599
    800-429-8182
    Email Contact: Email Contact