ValCom Signs SatCom Scientific
* Reuters is not responsible for the content in this press release.
CLEARWATER, FL, Aug 05 (MARKET WIRE) --
ValCom, Inc. (PINKSHEETS: VLCO) (FRANKFURT: VAM) announced that it has
signed a letter of intent to acquire SatCom Scientific Inc. (SSI), a
company manufacturing mobile satellite trucks for government agencies and
broadcasters worldwide. The stock/cash acquisition is scheduled to close
on or before September 30, 2008 and will increase ValCom's revenue by 7.5
million dollars.
"SatCom Scientific not only brings us a contract with this near-term
revenue, but also increases ValCom's international broadcast presence,"
said Vince Vellardita, ValCom President & CEO. "SSI's international
business combined with their backlog of orders will contribute to both
immediate and longer-term revenues, and enhance shareholder equity."
SSI has been a pioneer in the commercial satellite marketplace since 1983,
initially uplinking programming using its own fleet of vehicles for a wide
array of broadcasters such as Showtime, The Movie Channel, Disney, and
Nickelodeon and for events such as the Olympics, Super Bowl, World Cup
Soccer, the previous Pope's visit to Mexico, and all the space shuttle
launches throughout the last decade. Over the last 25 years, SatCom
Scientific has built a strong clientele list: Disney, FEMA, General
Dynamics, Universal Studios, Home Shopping Network, QVC, Country Music
Television, Christian Television Network, NASA National Astronomy
Observatory, Starlink Communications, China Netcom, China Telecom, etc.
"It will be a pleasure to work with such a dynamic broadcaster as Buddy
Winsett," said A. J. Miceli, President of SSI. "With the support of Vince
Vellardita and the talented team at ValCom, our growth potential will be
enhanced significantly."
SatCom Scientific (SSI) today is best known for its production of mobile
units. It is one of the few companies in the United States engaged in the
design, fabrication and integration of mobile satellite trucks for
government agencies and broadcasters worldwide. With a backlog of
satellite trucks orders, the company has found a product in demand in a
niche market. Customized satellite trucks and specialized communications
platforms have been delivered to clients as near as Walt Disney World in
Florida to such far-flung locations as China, Oman, and the Ivory Coast
as well as throughout the continental United States and the Americas.
www.satcomscientific.com
Based in Clearwater, FL., 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 Studio and
Rental, Television and Film, Broadcasting, and Live Theater. ValCom, Inc.
has participated in over 100 films, numerous Broadway shows, and thousands
of episodes of television. ValCom's client list consists of all of the
majors such as MGM, Paramount Pictures, Warner Bros., Disney, CBS, Sony,
NBC, Phantom of the Opera, HSN, and more. For additional information visit
www.valcom.tv
Forward-Looking Statements
From time to time, the company may issue forward-looking statements, which
involve risks and uncertainties. This statement may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as actual results could differ and any
forward-looking statements should be considered accordingly.
Contact:
Investor Relations
Lyndi Demers
Telephone 727-953-9778
Lyndi@valcom.tv
Web Site http://www.valcom.tv
Copyright 2008, Market Wire, All rights reserved.
-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters