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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (23739)	3/8/2001 9:11:36 AM
From: Joe Copia	Read Replies (1) \| Respond to of 25711

PR NEWSWIRE) ValCom Receives Contract to Start Production; Company and Woody ValCom Receives Contract to Start Production; Company and Woody Fraser Production to Produce Television Programming VALENCIA, Calif., March 8 /PRNewswire/ -- ValCom, Inc. (OTC Bulletin Board: VCMI; Frankfurt XETRA: SE8) announced today that its wholly owned subsidiary, Valencia Entertainment and Woody Fraser Productions have received contracts to begin production on four made for television programming shows. The four productions include "Let's Do It Again" a pledge special with Frankie Avalon as host for Public Television, "Face Off" a variety game show seen nightly for Nickelodeon, "Ultimate Revenge" a half hour prime time hidden camera revenge show, and "What are the Odds" prime time weekly hour game and stunt show for TNN. Valencia Entertainment and Woody Fraser Production will begin programming production by the end of March and expects to have the programming shows premiered for the 2001 television season. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the Company's securities. 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 company's 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. -0- 03/08/2001 /CONTACT: Vince Vellardita of ValCom, Inc., 661-257-8000/ /Web site: valenciaentertainment.com (VCMI)

To: Joe Copia who wrote (23739)	3/8/2001 10:08:22 PM
From: Lazarus	Read Replies (1) \| Respond to of 25711

uh hummm........ An event of default has occurred regarding the $400,000 in convertible debentures in that the Company did not have an effective registration statement within 150 days of the debenture sale. As a result of this default, the Company is obligated to pay the debenture holders the principal amount of the debentures together with interest and certain other amounts. ........ .......... In May, 2000, the Company granted a security interest in substantially all of its assets to a private investor group, which purchased $400,000 in convertible debentures. Until the obligations related to these debentures are satisfied, the Company will not be able to use these assets as security for other financings.