CLEARWATER, FL–(Marketwire - November 10, 2008) - ValCom, Inc. (PINKSHEETS: VLCO) (FRANKFURT: VAM), a leader in media technology, facilities and content for television
programming and related services, announced today that it has converted
$1,669,729 in debt into approximately 1,669,729 shares of Series C
Preferred Stock at a price of $1.00 per share, effective September 15,
2008. The Series C Preferred Stock issuance is subject to a one-year lock
up period. The debt was originally incurred by insider and director loans,
taking place over the past three years. After the conversion, the Company’s
total debt will be under $500,000.

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