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Zcom Networks, Inc.: Zcom Networks in Final Negotiation to Acquire TV Station

^{Published on 2009-09-21 06:32:18 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - September 21, 2009) - Zcom Networks, Inc. (PINKSHEETS: [ ZCNW ]) announced today that it has reached final negotiation to acquire a Southern California based TV station which will result in significant programming growth for Zcom as well as "Talk Money TV." This is an established company with full capability for transport of signals via international satellite and fiber. Harnessing the power of Satellite Broadcasting and IP, this acquisition will enable Zcom to consolidate and capitalize on its broadcast experience from program origination to play out and from assembling to reformatting and encoding utilizing satellite and broadband IP connection. "Our strategy is to capitalize on creating synergy in our media division by integrating Satellite Broadcasting with IP TV while moving to the next level, incorporating some of the key contents, shopping networks, marketing, distribution, and advertising know-how that Zcom has developed," said Dr. Alex Parsinia, CEO of Zcom.

For more information, visit [ www.zcomnetworks.net ] and [ www.talkmoneytv.com ]

About Zcom

Zcom is a multi-industry company. Through its subsidiaries and holdings, it has two core businesses: Media Broadcasting and Telecom. Zcom offers radio and video content delivered live and on demand over the internet. Audiences can access programs 24 hours a day, seven days a week, directly or via podcast. The company's Satellite TV broadcast, "Talk Money TV," reaches nearly 10 million total potential viewing households in the US, Canada and Mexico as well as in Europe, Asia and Australia. In the Telecom Sector, Zcom offers voice and data termination services to wholesale and retail customers for both fixed and fixed to mobile platforms with interconnectivity through VOIP, TDM, E1, or traditional interfaces.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.