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Zcom Networks, Inc.: Zcom Networks Performs Due Diligence to Acquire TV Station

^{Published on 2009-10-14 07:23:49 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - October 14, 2009) - Zcom Networks, Inc. (PINKSHEETS: [ ZCNW ]) announced today that it is performing its due diligence to acquire a Southern California-based satellite TV station. In addition, Zcom is in negotiation to execute distribution agreements with a number of manufacturing and importing companies to obtain products suitable for its Home Shopping Network. Zcom has already executed a distribution agreement with Empire Wholesale Jewelry, Inc., one of the largest jewelry manufacturers and auctioneers on the West coast, for the primary purpose of marketing and selling jewelry items in its Home Shopping Network TV program. "We are expanding our programming to include a strong Home Shopping Network offering in addition to our 'Talk Money TV' show. Our strategy is to offer various program offerings to our viewers by incorporating some of the key 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.