ValCom Joins Forces With RealtyBid.com for Online Television Auction
Market Wire, June, 2009
"ValCom, Inc." (OTCBB: VLCO) (FRANKFURT: VAM), a leader in media technology, facilities and production content for television programming and related services, is pleased to announce today that it has formed a joint venture partnership with RealtyBid.com International, one of the top industry providers specializing in the online auctioning of REO (bank-owned, post foreclosure) homes at discount prices. With this partnership, ValCom will be handling the ongoing production, promotion, text message campaigns, and implementation of the inventory of distressed real estate in an online auction arena held on www.RealtyBid.com as well as the broadcasting of live real estate auctions on television to reach across the US, Canada, and Europe. RealtyBid.com, an industry leader, selling more than 20,000 homes online up-to-date and was ranked as the country's number one sales team in transactions in both the 2008 and 2007 -- Wall Street Journal / Lore Magazine/Real Trends "Real Estate Top 200." "What sets RealtyBid.com apart from the majority of players on the web is that RealtyBid.com provides listings of homes with no fees. Each day thousands of people are searching the internet for foreclosed property and more often than not they find that they must pay a monthly fee to gain information about these homes. That is not the case with RealtyBid.com. Viewing property data on RealtyBid.com is completely free with no catches attached," said Tony Isbell, President of RealtyBid.com.
"I am very excited about the synergy between our team, Realtybid.com and ValCom. With the increase in foreclosures and the correction in the Real Estate Market, now is the time that over 30 million Americans can buy a house they could not afford to a couple of years ago. Having been involved with thousands of episodes of television and having produced and promoted over 100 events from Presidential Campaigns to Super Bowl to Broadway, I am excited to be part of a movement that can help change the economy and make a difference. With the power of television, promotion and the internet, combined with our new partners RealtyBid.com, I truly believe we will make a difference," stated Vince Vellardita, President & CEO of ValCom.
The first seven-day auction will start on June 20, 2009, starting at 8:00 a.m. eastern /7:00 a.m. central and run until June 27, 2009 at 8:00 p.m. eastern / 7:00 p.m. central presented by Valcom, Inc. and RealtyBid International-LLC and will include over 400 drastically reduced properties to help aspiring home owners and home investors take advantage of the week long auction. Participants can register, watch the auction online and bid real-time against other bidders from anywhere in the world through http://www.RealtyBid.com . Executive Vice President, Mike Keracher added, "RealtyBid.com is seeing a huge increase in 'owner-occupant' sales or sales directly to those buying homes for their own personal use. Just two years ago, close to 90 percent of our home sales were to investors, and now, our sales are closer to 60 percent investor and 40 percent owner-occupant. That is a big shift that indicates that everyday home buyers recognize the value of the homes that we auction and are comfortable bidding online with RealtyBid.com."
About RealtyBid International, LLC.
A pioneer in Internet real estate auctions, RealtyBid.com has the ambition and initiative to remain as one of the most innovative companies within the real estate industry. With support from its highly trained staff, the company utilizes technology to make real estate transactions more fun, less cumbersome and more cost effective for all parties. A primary goal of RealtyBid.com is to continue to provide a vast number of investment opportunities at discounted prices to real estate buyers nationwide while positioning itself as an integral sales tool for real estate associates looking to sell properties in an accelerated timeframe.
About ValCom
Based in Clearwater, FL., ValCom, Inc. is a diversified, fully integrated, independent entertainment company that has been in operation since 1983. ValCom, Inc., through its operating divisions and subsidiaries, creates and operates full service facilities that accommodate film, television and commercial productions with its four divisions comprised of the Studio Division, Film and Production, Television Stations and Broadcasting, and the Distribution Division. ValCom's client list consists of all of the majors such as MGM, Paramount Pictures, Warner Bros, Disney, CBS, Sony, NBC, Phantom of the Opera, HSN, and more. Visit: www.valcom.tv
Forward-Looking Statements
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
Investor Relations: Lyndi Demers 727/953-9778 Lyndi@ValCom.tv
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