Interesting and we ALL thought (at one time) that we QBID shareholders own 100% of this Media City. Oh well, when will the SEC shut this down already.??
LAS VEGAS--(BUSINESS WIRE)--June 26, 2006--ValCom Inc. (OTCBB:VACM; Frankfurt XETRA:VAM), a Las Vegas-based entertainment production company, is pleased to announce the acquisition of Media City Studios, a 25,000-square-foot state-of-the-art production facility located in Burbank, Calif.
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ValCom Burbank Studios was purchased June 1, 2006, for cash and stock. It is one of Burbank's finest television production facilities, with three edit bays, two sound stages and over 15,000 square feet of production support.
Blue Chip Client Base
"ValCom Burbank Studios' past client base consisted of: HGTV, D.I.V., History Channel, Discovery, Food Network, Sony Pictures T.V., PAX, MTV, Disney Channel, HBO, ABC, CBS, NBC, Sci Fi, GSN, Comedy Central, VH-1, FOX Television, Lifetime, over a period of 12 years," said Vince Vellardita, president and CEO of ValCom Inc., "and we will continue with these relationships.
"This turn-key, state-of-the-art facility was the home of 'Jeopardy' and the 'Wheel of Fortune' post production for many years. It will make our presence in the California market viable for filmmakers, television creators and entertainment executives," said Vellardita.
Growth Plan
"ValCom Burbank Studios has the necessary technology and space needed to create, produce and shoot all of our clients' programs. We are extremely pleased with the addition of this purchase because it brings us back to our grass roots and gives us a presence in both Los Angeles and Las Vegas," Vellardita said.
The newly acquired facility, ValCom Burbank Studios, will be available to rent to filmmakers, television creators and entertainment executives seeking a Los Angeles studio for production.
"This facility addition will assist in maintaining long-term clients and will support upcoming projects we have with Stan Lee of POW! Entertainment and entertainment industry producer Jeff Franklin," Vellardita concluded.
Based in Las Vegas, ValCom Inc. is a diversified and vertically integrated, independent entertainment company. ValCom Inc. creates and operates full-service facilities that accommodate film, television and commercial productions with four divisions comprised of: studio, film and television; live theater; camera and equipment rentals; and broadcast television. ValCom's clientele list consists of majors such as MGM, Paramount Pictures, ABC, CBS, Sony, NBC, etc.
