CLEARWATER, Fla., Sept. 2, 2011 /PRNewswire/ -- ValCom, Inc.
(VLCO.PK) released the following message to its shareholders from
the company's Chairman/CEO, Vince
Vellardita.
TO ALL VALCOM INVESTORS:
Thank you for your support in ValCom! I wanted to take this
opportunity to let our shareholders know that we appreciate the
confidence you have shown in the company. It is our number one goal
to create shareholder value and maximize your investment in
ValCom.
We've received some questions over the past couple of weeks from
shareholders pertaining to the status of the company. I want
to reassure you that I remain in my role as Chairman/CEO and that
things are business as usual at ValCom. We are continuing to
monetize ValCom's film and audio library and we are continuing the
growth of My Family TV, our television network.
I've been with the company for over 12 years. I have invested my
heart, soul, and everything I own in the company. I am essentially
married to ValCom, and I'm 100% committed to the growth and success
of the business. I have experienced all the ups and downs of
ValCom. When a billion dollar hedge fund put the company in
bankruptcy, I was able to emerge from bankruptcy, pay all creditors
100% on the dollar, and win a case against the fund in the supreme
appellate court where ValCom was rewarded a high 6 figure
settlement. When ValCom's studio operation business was
decimated by the writer's strike and reality TV, I was able to
retool the company's business model to focus on distribution,
production and network television. I had the vision to acquire a
small television network, rebrand the network to My Family TV, pay
it off in just 2 years, and build equity in the network. Over the
past 12 years we've been able to acquire the content to establish a
library with an evaluation of over $100
million dollars. Through all this I've battled and survived
stage 4 cancer and have lost 4 close family members, all the while
remaining committed to the success of ValCom.
We're extremely excited about what is happening in the company.
Over the past 9 months, we have reduced the company debt, increased
our assets, and have built our overall business. We're optimistic
that the company will continue its pattern of growth. We're adding
new management with individuals who bring valuable insight to the
company through their experience in business, banking, and finance.
Although certain investors and certain parties would like me
removed, their attempts to date have been legally invalid according
to Delaware law.
I am fully committed to our shareholders and wanted to reinforce
my appreciation of your continued support.
Yours very truly,
Vince Vellardita
Chairman/CEO
About ValCom, Inc.
Based in Clearwater, FL,
ValCom, Inc. is a diversified, fully integrated, independent
entertainment company that has been in operation since 1983.
ValCom, Inc., through its operating divisions and subsidiaries,
creates and operates full service facilities that accommodate film,
television and commercial productions with its four divisions
comprised of television and film production, broadcasting (My
Family TV Network), distribution, and live theatre. ValCom's client
list consists of all of the majors such as MGM, Paramount Pictures,
Warner Bros, Disney, CBS, Sony, NBC, Phantom of the Opera, HSN, and
more. For more information, please visit the company's website at
www.valcom.tv
Note About Forward-Looking Statements
With the exception of historical information, this press release
may contain forward-looking statements as that are made pursuant to
the "safe harbor" provisions as defined within The Private
Securities Litigation Reform Act of 1995 (the "PSLRA").
Forward-looking statements may be identified by words including
"anticipates," "believes," "intends," "estimates," and similar
expressions. In addition, any other statements which contain
characterizations of future events or circumstances are
forward-looking statements. These statements are based upon
management's current expectations as of the date of this press
release. Actual results may differ materially from the expectations
contained in this press release due to a number of risks and
uncertainties relating to our business which are discussed in
detail in the Company's periodic filings with the Securities and
Exchange Commission. ValCom, Inc. does not undertake any
responsibility to publicly update any forward-looking statements to
reflect events or circumstances after the date on which any such
statement is made or to reflect the occurrence of unanticipated
events.
Investor Relations
Ingrid Clavijo
(727) 953-9778
SOURCE ValCom, Inc.