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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ValCom Successfully Moves Library To New Corporate Headquarters

Stocks in this article: VLCO

NEW YORK, May 25, 2012 /PRNewswire/ -- A spokesperson for ValCom, Inc. (Pink Sheets: VLCO) reported that over the past 30 days, since the relocation of ValCom's corporate headquarters to offices in Boonton Township, New Jersey, the media library consisting of over 1,000 movies, 5,000 songs and hundreds of television episodes, has been successfully moved to the New Jersey corporate headquarters from locations in Florida and Tennessee.

Tim Harrington, CEO of ValCom, stated "Now that we have completed the transfer of the library to New Jersey we are in the process of organizing and consolidating the inventory as well as identifying all movies, audio and television series master tapes that need to be digitized for marketing and monetizing."  Mr. Harrington continued, "We are also in the process of interviewing potential accounting personnel and finance officers and expect to make a decision as to a new CFO in the coming weeks.  In addition, we have been interviewing accounting firms to identify the appropriate professionals to assist with auditing ValCom's financial statements.  We recognize the importance of having this addressed promptly and efficiently."

Patrick Willemsen, Chairman of the Board commented, "While there are many endeavors that need to be undertaken over the coming months to turn this company around, we are focused on implementing actions which will lead us towards regulatory and financial compliance.  To assist with this, TRI-PARTNERS LLC has committed to the additional financing contemplated under their June 2011 agreement with ValCom; that financing is now back on track.  We intend to keep shareholders advised of any significant material developments and achievements as we move forward."

About ValCom, Inc. 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. For more information, please visit the company's website at www.valcom.tv



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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!

Markets

DOW 17,655.52 +298.65 1.72%
S&P 500 2,047.63 +34.74 1.73%
NASDAQ 4,730.4950 +86.1830 1.86%

Brokerage Partners

Rates from Bankrate.com

  • 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