This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ValCom Chairman/CEO Vince Vellardita Releases Message To Shareholders

Stocks in this article: VLCO

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.


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.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs