This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

ValCom Signs Deal With FilmOn To Create 5th Revenue Stream From Its Library

CLEARWATER, Fla., Sept. 28, 2011 /PRNewswire/ -- ValCom (VLCO.PK) Chairman & CEO Vince Vellardita announced today that the company has finalized a deal to broadcast films from ValCom's vast library of video and audio content with FilmOn, a Los Angeles based IPTV provider.

FilmOn is licensing 100 of ValCom's films in an all cash deal for a 1 year initial term. In recent weeks ValCom has created multiple streams of revenue from ValCom's library of 6,000 titles. ValCom will be delivering content to FilmOn at the beginning of October. The films will be used by FilmOn for both Video On Demand applications and as content for 24/7 original channels that are unique to the FilmOn platform.

"The FilmOn agreement is one of many deals we've announced," stated Vince Vellardita, President and CEO of ValCom. "We now have 5 streams of revenue that we've created in the past month, and we have at least 5 more on the way! We're already creating cash-flow through Movies on Demand; DVD's are being sold in retail outlets across the country; songs are being downloaded on iTunes; films and TV series are being licensed to TV networks; and 2 albums are nearly completed that will be released by Universal. We're thrilled with the progress we're making in converting the content library into ongoing revenue in order to fulfill our business plan and create shareholder value."

"We're very excited about creating a new movie channel and adding more VOD content for FilmOn from the extensive ValCom library," said FilmOn's Chairman and CEO, Alki David. "This is an extension of our relationship with ValCom, and we look forward to ongoing synergies."

The FilmOn web cable television service is delivered through the freely downloadable multi-platform HDi player or in Flash or app free to mobile devices. FilmOn streams videos in high definition and utilizes proprietary video compression technology to achieve high quality even over basic broadband connections. FilmOn subscriptions start at $7.95. More information on FilmOn can be found at www.filmon.com.

For further ValCom information, please text VLCO to 90210

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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