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To: Michael E. Baldino who wrote (82190)	3/22/2001 9:27:53 AM
From: Joe Copia	Respond to of 150070

ValCom Obtains Firm Commitment from TNN for 'Ultimate Revenge' ValCom Obtains Firm Commitment from TNN for 'Ultimate Revenge' Reality-TV Show VALENCIA, Calif., March 22 /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 a firm commitment from TNN for 13 episodes of "Ultimate Revenge," a half hour prime time hidden camera revenge show. This commitment for the production and broadcasting of "Ultimate Revenge" will generate over $2 million in revenues for the Company. Valencia Entertainment and Woody Fraser Production will begin taping in late March with a release date in August 2001. Kevin Kay at TNN anticipates, that "Ultimate Revenge" will be marketed as a premiere show for the fall season. "Ultimate Revenge" is one of over half a dozen shows we expect to be picked up by a major television network," comments Vince Vellardita, President and CEO. ValCom sees this as a springboard for the company to launch its numerous film and TV projects. "We are on target to hitting our anticipated revenues of over $10 million for our Production Division and well on our way towards the $25 million I expect for the company this year," states Vellardita. 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. Valencia owns 30 acres of land located on both the east and west coast, and approximately 300,000 square feet of commercial buildings, which consists of ten film and production sound stages. Valencia has contracts in place to utilize the sound stages with Paramount Pictures for the hit CBS series "JAG" and Saban Entertainment for the Fox Family popular show "Power Rangers." Valencia's clients include: Warner Bros., Universal, MGM, HBO, NBC, Twentieth Century Fox, Disney, CBS, Sony, Showtime, and the USA Network. Using its advanced 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- 03/22/2001 /CONTACT: Vince Vellardita of ValCom, Inc., 661-257-8000/ /Web site: valenciaentertainment.com (VCMI)