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Zcom Networks, Inc.: Zcom Networks Performing Due Diligence Regarding Acquisition of Southern California Telecom Company

^{Published on 2009-05-18 06:53:32, Last Modified on 2009-11-02 12:22:58 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - May 18, 2009) - Zcom Networks, Inc. (PINKSHEETS: [ ZCNW ]) announced today that it is in the process of performing its due diligence of financial, network and operations of a southern California Telecom Company for acquisition. The LOI was signed after recently announced negotiations concluded with the valuation of the successful voice and data provider, which is profitable and generated in excess of $16,000,000 in annual revenues in 2008. "This is a cutting edge company providing a wide range of telecommunication services with extensive network infrastructure, international routes, and connectivity. Company's network is fully compliant with Cisco, Quintum, Neura and all H323 systems. Interconnection is offered via traditional, TDM derived, E1, or VOIP packet interfaces," said Dr. Alex Parsinia, CEO of Zcom.

For more information, visit [ www.zcomnetworks.net ]

About Zcom Networks, Inc.

Zcom is a multi-industry company with two core businesses: Media Broadcasting/Home Shopping Division and Mineral rights/Real Estate Division. 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 is in the process of launching a Direct Broadcast Satellite (DBS) and IP TV broadcast that will reach over 10 million households in the US, Canada and Mexico. Zcom also offers products and services through its Home Shopping Network marketed and promoted through the company's TV/IP TV broadcast resources and through its affiliate network. Existing products/services include Super Fuel and TV Box. Zcom's Mineral Rights/Real Estate Division owns a mining development, exploration and extraction company with a 160 acre gold, silver, tungsten, platinum and copper placer mining claim -- CLS #12 in Ridgecrest, California. Additionally, Zcom is a joint venture partner in the Playa Paraiso Development Project in Panama, which includes the construction and sale of 5 beachfront villas and 20 condominiums.

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.