SOURCE: Zcom Networks, Inc.

December 30, 2008 09:00 ET

Zcom Networks, Inc. Announces Restructuring to Enhance Shareholder Value

LOS ANGELES, CA--(Marketwire - December 30, 2008) - Zcom Networks, Inc. (PINKSHEETS: ZCNW) -- As per the Board of Directors' unanimous decision, the Company has reduced its total authorized shares from 5,000,000,000 to 500,000,000. This action in effect reduces the total authorized shares of the company by 90%. The company recently affected a reverse split of 200 to one and changed its ticker symbol from ZCMN to ZCNW. Furthermore, this restructuring has resulted in the total issued and outstanding shares to be reduced to 17,307,870 with a float of 7,248,592. This restructuring is aimed at repositioning the company for further acquisition for growth and added shareholder value.

For more information, visit www.zcomnetworks.net

About Zcom Networks, Inc.: Zcom is a multi-industry holding company with diversified interests including, among others, wholly owned subsidiaries, Allied Mineral Group, Inc., a mining development, exploration and extraction company with the 160 acre gold, silver, tungsten, platinum and copper placer mining claim CLS#12 in Ridgecrest, California; Pam TV International, Inc., a talk and music program provider offering a wide range of content through an interactive multi-media broadcast platform utilizing the internet, traditional radio and satellite radio; and Super Bazar International, Inc., a shopping network company marketing and promoting multiple products on TV, radio and the internet including Super Fuel and TV Box.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risk and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel. The company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Contact:
    Zcom Networks, Inc.
    Dr. Alex Parsinia
    CEO
    310-754-5599
    800-429-8182
    Email Contact: Email Contact