THREAD ALERT
SBID is now VCMI .....
Wednesday March 7, 9:20 am Eastern Time
Press Release
SOURCE: ValCom, Inc.
SBI Communications Changes Name To ValCom, Inc. and Receives a New Trading Symbol
New Name for a New Focus
VALENCIA, Calif., March 7 /PRNewswire/ -- SBI Communications announced today that it has changed its name to ValCom, Inc. and has received a new trading symbol (OTC Bulletin Board: VCMI; Frankfurt XETRA: SE8). The new name reflects the recently concluded merger with Valencia Entertainment International, an entertainment company that includes television production for network and syndicate, theatrical motion pictures, new media services, automobile and antique auctions, and real estate holdings.
Valencia owns 30 acres of land located on both the east and west coasts, and approximately 300,000
square feet of commercial buildings, which is the set for six film and production sound stages. Valencia
currently has lease contracts with Paramount Pictures for the CBS series ``JAG'' and Saban Entertainment for the Fox Family show ``Power Rangers.'' Valencia's clients include: Warner Bros., Universal, MGM, HBO, NBC, Twentieth Century Fox, Disney, CBS, Sony, Showtime, and the USA Network.
Over the next several years, the Company hopes to grow and expand its operations through internal growth and through acquisitions of other companies that compliment or provide synergies to the Company's existing businesses. Recently, the Company announced it has entered into a letter of intent to acquire Tri-Crown Productions, which has annual revenues of approximately $15 million and holds assets that include a post-production facility with equipment and a library of television shows and documentaries.
``We are very excited about the opportunities that lie ahead for the Company,'' stated Vince Vellardita, CEO of ValCom, ``now that the reorganization of the Company is complete, we are anxious to execute our business plan and reward our loyal stockholders by increasing shareholder value.''
About ValCom, Inc.
ValCom, Inc., a Delaware corporation, is a diversified company engaged in the development, financing, and production of entertainment content for the worldwide audience. Using its six stage studio facility located Southern California, the Company focuses on the creation of feature length films for global theatrical and television distribution, with a secondary focus on the entertainment oriented interactive media. More information about the Company can be found on the website
valenciaentertainment.com.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Such matters involve risks and uncertainties that may cause actual results to differ materially, including
the following: changes in economic conditions; general competitive factors; the Company's ability to
execute its business model and strategic plans; and the risks described from time to time in the
Company's Securities and Exchange Commission filings.
For further information please contact Vince Vellardita at (661) 257-8000.
SOURCE: ValCom, Inc. |
