This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ValCom Cashes-in On Multi-Million Dollar Line

CLEARWATER, Fla., May 18, 2011 /PRNewswire/ -- ValCom, Inc. (VLCO.PK) announced today that it has signed a term sheet with Singapore based hedge fund, Solomed PTE Ltd. that provides a line of credit to ValCom.

ValCom plans to close on the financing this week, which will provide an initial line of credit of $1 million with an option to secure an additional $2 million. The initial line of credit will be used for strategic acquisitions, a buy-back of ValCom stock, and the funding of additional operations that will allow ValCom to drive additional sales and revenue to the company. The $1 million interest-bearing line of credit will be held in escrow where ValCom can draw down the funds as needed. The additional $2 million line will be available to the company based on ValCom's achieving benchmarks established in the company's business plan.

Vince Vellardita, President and CEO of ValCom, stated "There's a lot of buzz happening about ValCom on 'The Street' and in the entertainment industry. The recent valuation of ValCom's library has triggered interest from major studios and broadcasters to carry our content. We've also seen our My Family TV subsidiary become profitable, which will allow us to expand the sales and marketing effort for ValCom's library. This financing will allow ValCom to continue our expansion, add management to secure the company's growth, and buy back stock that has been undervalued in the marketplace."

ValCom recently announced the valuation of its content library by DOS Broadcast and Appraisal Services where the combined value of ValCom's television, film and audio content exceeds $120 million. ValCom has obtained commitments to license this content and will also develop proprietary video and audio products for the domestic and international marketplace

About ValCom, Inc.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs