BOONTON TOWNSHIP, N.J., July 18, 2012 /PRNewswire/ -- A spokesperson for ValCom, Inc. (Pink Sheets: VLCO) today announced the appointment of James J. Cosentino Chief Financial Officer effective immediately. Mr. Cosentino brings with him a broad range of experience in financial management. Mr. Cosentino began his career with Cooper Lybrand in public accounting. He then spent sixteen years in the publishing business with Macmillan Inc., Simon & Schuster and as CFO of Worth Publishers, Inc.
Mr. Cosentino has held finance positions with both publicly and privately owned companies and has managed acquisitions and divestitures. Mr. Cosentino is a member of the New Jersey State Society of CPA's as well as the Financial Executive Institute. He has an undergraduate degree from Westminster College and an MBA in Finance from Fairleigh Dickinson University.
Tim Harrington, Chief Executive officer of ValCom stated, "We have undertaken an extensive search to identify the right executive to fill the CFO role at ValCom; Mr. Cosentino's strong financial management experience and business background make him our choice for CFO. We look forward to bringing ValCom's financial reporting, which fell behind under Valcom's previous management, up to date and in full compliance. In addition, we also look forward to working with Jim Cosentino to monitize our two major assets, our film and audio library, as well as to improve the income from ValCom's MyFamily TV network. We have clear challenges ahead and we are confident that with the right management team we will meet these challenges."
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. 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 ValCom'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.