CLEARWATER, Fla., April 27, 2011 /PRNewswire/ -- ValCom, Inc. (VLCO.PK) is pleased to announce that it has completed the second phase of the audit and appraisal of its content library. In order to determine an accurate value of the more than 6,000 titles that have been acquired by the Company over the past 25 years, ValCom contracted with DOS Broadcast and Appraisal Services, a leading business consulting firm for the motion picture industry.
The second phase of the audit and appraisal has focused on the audio portion of ValCom's library. Based on the DOS audit of ValCom's audio content, a value of over $80 million has been placed on this portion of the library alone.
The first phase of the audit and appraisal focused on the television and film portion of the library. A present value of $40,182,000 has been placed on this portion of the library. The combined value of ValCom's television, film and audio content exceeds $120 million.
"We know that we have incredible titles in the ValCom library and there is huge value in that content," stated Vince Vellardita, President and CEO of ValCom, Inc. "Both phases of the appraisal have exceeded our expectations. This will allow ValCom to maximize revenue as we license this content, and develop proprietary video and audio products. The content will also fuel the growth of our My Family TV television network by providing My Family TV affiliates with television programs and films they would normally need to purchase."
About ValCom, Inc.
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 television and film production, broadcasting, distribution, and live theatre. 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 more information, please visit the company's website at http://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 detail in the Company'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.
Contact:
ValCom, Inc.
Direct: 727-953-9778
[email protected]
Investor Relations
Ingrid Clavijo
727/953-9778
SOURCE ValCom, Inc.
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