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Zcom Networks, Inc.: Zcom Networks Announces Shareholder Update and Share Structure

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  Published in Stocks and Investing on Wednesday, May 20th 2009 at 6:28 GMT, Last Modified on 2009-11-02 12:19:12 by Market Wire
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LOS ANGELES, CA--(Marketwire - May 20, 2009) - Zcom Networks, Inc. (PINKSHEETS: [ ZCNW ]) announced today the company's current share structure in a continued effort to further public transparency to shareholders. As of today's date, the public float is 736,753,302 common shares out of 775,545,814 common shares issued and outstanding. The company's authorized shares remains at 1,000,000,000. Management noted that the share structure and current shares authorized remain in place to facilitate recently announced and currently pending acquisitions in line with management's concentric acquisition model of growth and enhanced shareholder value. "As our shareholders know, we are strategically poised for diversified growth in accordance with our vision of highly synergetic, targeted acquisitions," said Zcom CEO Dr. Alex Parsinia. Dr. Parsinia recently published an article centered upon Zcom's "Concentric Acquisition" model of growth, detailing specifically the company's planned acquisition(s) of diversified yet strategically related holdings. "We are exceedingly pleased with our current position with respect to negotiations underway concerning recently announced business developments. We expect to release details of soon-to-be-closed M&A activities facilitated in part by our capital structure, strategic appeal, and goals of increased visibility, liquidity and long term shareholder value," he concluded.

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 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.