UNITED STATES

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C., 20549

                                   FORM 10-Q

                                   (Mark one)

          [X] Quarterly Report Pursuant to Section 13 or 15(d) of the

                        SECURITIES EXCHANGE ACT OF 1934

                  FOR THE FISCAL QUARTER ENDED JUNE 30, 2009

                        Commission file Number 0-28416

                                      or

         [ ] Transition Report Pursuant to Section 13 or 15(d) of the

                        SECURITIES EXCHANGE ACT OF 1934

                                 VALCOM, INC.
	    --------------------------------------------------------
            (Name of small business issuer specified in its charter)


          	Delaware                                     58-1700840
  ------------------------------------                -----------------------
  (State  or  other  jurisdiction  of                 (IRS  Employer
    incorporation  or  organization)                  Identification  Number)


            2113A Gulf Boulevard, Indian Rocks Beach, Florida 33785
	    -------------------------------------------------------
              (Address of Principal executive offices) (Zip code)


                               (727) 953 - 9778
			   -------------------------
                           Issuer's telephone number

   Securities registered pursuant to 12(b) of the Act: None Securities to be

               registered pursuant to Section 12(g) of the Act:

                         COMMON STOCK $0.001 PAR VALUE

                                (Title of Class)

Indicate  by  check  mark  whether  the  registrant  (1)  has filed all reports
required to be filed by Section 13 or 15(d) of the Securities  Exchange  Act of
1934  during  the  preceding  12  months  (or  for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

YES [X] NO [ ]


Indicate by check mark whether the registrant has  submitted electronically and
posted on its corporate Web site, if any, every Interactive  Data File required
to   be   submitted  and  posted  pursuant  to  Rule  405  of  Regulation   S-T
({section}232.405  of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
  [ ] Yes  [X] No.




Indicate by check mark  whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large  accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ] Accelerated filer 	      [ ]

Non-accelerated filer   [ ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [ ] No [X]


         APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS

                        DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether  the  registrant filed all documents and reports
required to be filed by Section 12, 13  or  15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court. Yes [X] No [ ]

                     APPLICABLE ONLY TO CORPORATE ISSUERS

State  the number of shares outstanding of each  of  the  issuer's  classes  of
common equity,  as  of  the latest practicable date: As of August 15, 2009, the
issuer had 33,864,158 shares of its $0.001 par value common stock outstanding.

UNAUDITED INTERIM FINANCIAL STATEMENTS

The  accompanying financial  statements  are  unaudited  and  are  prepared  in
accordance with rules and regulations of the Securities and Exchange Commission
for interim quarterly reporting. Accordingly, these financial statements do not
include   all   disclosures   required   under  generally  accepted  accounting
principles.

In  the  opinion  of  management,  the  accompanying   consolidated   financial
statements  contain  all  adjustments  (which  include  only  normal  recurring
adjustments) necessary to present fairly the financial position of ValCom, Inc.
and  subsidiaries  as of June 30, 2009 and the results of their operations  and
their cash flows for  the  nine  months ended June 30, 2009. These consolidated
financial statements include the accounts  of  ValCom,  Inc. and its subsidiary
companies (together "the Company"). Results for the nine  months ended June 30,
2009, are not necessarily indicative of the operations, which  may occur during
the  year  ending September 30, 2008. Refer to the Company's Annual  Report  on
Form 10- K for the year ended September 30, 2008 for further information.



                                 VALCOM, INC.
                                   FORM 10-Q


                                                                       Page
PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements...........................................2
Item 2.  Management's Discussion and Analysis or Plan of Operation......8
Item 3.  Quantitative and Qualitative Market Risk.......................11
Item 4.  Controls and Procedures........................................11

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings..............................................12
Item 1A. Risk Factors...................................................12
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds....12
Item 3.  Defaults Upon Senior Securities................................13
Item 4.  Submission of Matters to a Vote of Security Holders............13
Item 5.  Other Information..............................................13
Item 6.  Exhibits.......................................................13
SIGNATURES..............................................................14



                                    PART I

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

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                                                           VALCOM, INC.
                                               Condensed Consolidated Balance Sheets

        ASSETS

                                                                                    June 30,     September 30,
                                                                                      2009           2008
                                                                                  (unaudited)
										 -------------- --------------
CURRENT ASSETS

   Cash                                                                          $       91,092 $       86,416
   Accounts receivable, net                                                             229,873              -
   Prepaid expense                                                                      126,934         24,434
										 -------------- --------------
	Total Current Assets           							447,899        110,850
										 -------------- --------------
PROPERTY and  EQUIPMENT, net                                                           	252,407         76,020
										 -------------- --------------
OTHER ASSETS
   Deposits                                                                                   -              -
   Goodwill                                                                             366,278              -
   Other assets                                                                       1,250,000      1,000,000
										 -------------- --------------
	Total Other Assets           						      1,616,278      1,000,000
										 -------------- --------------
	TOTAL ASSETS           							 $    2,316,584 $    1,186,870
										 ============== ==============

       LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

   Accounts payable and accrued expenses                                         $      581,165 $      468,364
   Accrued interest payable                                                             227,150        166,061
   Deferred income                                                                            -              -
   Due to related parties                                                               376,775         86,181
   Notes payable                                                                        690,000        412,173
										 -------------- --------------
	Total Current Liabilities                				      1,875,090      1,132,779
										 -------------- --------------

LONG-TERM
LIABILITIES
   Notes payable                                                                              -              -

	Total Long-Term Liabilities                     				      -              -


        TOTAL LIABILITIES            						      1,875,090      1,132,779
										 -------------- --------------
STOCKHOLDERS' EQUITY (DEFICIT)

   Series B Preferred stock, 1,000,000 shares authorized
     at par value of $0.001, 38,000 shares issued and outstanding                            38             38
   Series C Preferred stock, 25,000,000 shares authorized
     at par value of $0.001, 14,691,395 shares issued and outstanding                    14,691          9,591
   Common stock, 250,000,000 shares authorized at par value
     of $0.001, 33,864,158 and  22,776,099 shares
     issued and outstanding, respectively                                                33,864         22,776
   Treasury stock, 35,000 shares                                                        (23,522)       (23,522)
   Additional paid-in capital                                                        18,734,312     17,778,314
   Accumulated deficit								    (18,317,889)   (17,733,106)
										 -------------- --------------
Total Stockholders' Equity (Deficit)           						441,494         54,091
										 -------------- --------------
TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY (DEFICIT)      			 $    2,316,584 $    1,186,870
										 ==============	==============

The accompanying notes are an integral part of these condensed consolidated financial statements.
                                                                 4


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<TABLE>
<CAPTION>
<S><C><C>
                                                           VALCOM, INC.
                                          Condensed Consolidated Statements of Operations
                                                            (unaudited)




                                                             For the Three Months Ended           For the Nine Months Ended
                                                                      June 30,                            June 30,
                                                                2009            2008          	    2009             2008
							    ------------    ------------ 	-------------    ------------

REVENUES                                                    $    262,692    $    190,961 	$     647,896    $    839,918
COST OF GOODS SOLD                                                     -             230           	  107           1,453
							    ------------    ------------ 	-------------    ------------
GROSS MARGIN                                                     262,692         190,731       	      647,789         838,465

OPERATING EXPENSES

   Advertising and marketing                           		  53,141             906               27,036           2,219
   Depreciation expense                       			  32,588           6,335               87,965          19,005
   General and administrative                              	 500,846         309,420    	    1,596,216       1,272,568
							    ------------    ------------ 	-------------    ------------

	Total Operating Expenses               			 586,575         316,661     	    1,711,217       1,293,792
							    ------------    ------------ 	-------------    ------------
LOSS FROM OPERATIONS                                            (323,883)       (125,930)   	   (1,063,428)       (455,327)
							    ------------    ------------ 	-------------    ------------
OTHER INCOME (EXPENSE)

   Gain (loss) on sale of equipment                         	       -               -             	    -               -
   Interest expense                         			 (22,793)        (15,278)     	      (74,190)        (45,834)
   Other income                                  		     200               -       	      552,835               -
							    ------------    ------------ 	-------------    ------------
TOTAL OTHER INCOME (EXPENSE)                                     (22,593)        (15,278)      	      478,645        (45,834)
							    ------------    ------------ 	-------------    ------------
INCOME (LOSS) BEFORE                                            (346,476)       (141,208)     	     (584,783)       (501,161)
INCOME TAXES
INCOME TAX EXPENSE                                                     -               -             	    -               -
							    ------------    ------------ 	-------------    ------------
NET INCOME (LOSS)                                           $   (346,476)   $  (141,208) 	$    (584,783)   $   (501,161)
							    ============    ============ 	=============    ============

BASIC INCOME (LOSS) PER SHARE                               $      (0.01)   $     (0.01) 	$       (0.02)   $      (0.04)
							    ============    ============ 	=============    ============
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING		      29,443,658      15,078,599    	   28,320,129      13,627,349
							    ============    ============ 	=============    ============








The accompanying notes are a integral part of these condensed consolidated financials statements.
                                                                 5
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<TABLE>
<CAPTION>
<S><C><C>
                                                                          VALCOM, INC.
                                              Condensed Consolidated Statements of Stockholders' Equity (Deficit)
                                                                           (unaudited)




																		Total
			   Series B		Series C							Additional			Stockholders'
		       Preferred Stock	    Preferred Stock	     Common Stock		Treasury	Paid-In		Accumulated	Equity
			Shares	Amount	Shares		Amount	 Shares		Amount		Stock		Capital		Deficit		(Deficit)
			------	------	----------	------	 ----------	-------		--------	-----------	------------	----------
Balance,
September 30,
2008	 		38,000 	    38 	 9,861,666 	 9,591 	 22,776,099 	 22,776 	 (23,522)	 17,778,314 	 (17,733,106)	    54,091

Preferred stock
issued for
purchase of
Faith TV	 	     - 	     - 	   100,000 	   100 	 	  - 	      - 	       - 	      8,900 	 	   - 	     9,000

Preferred stock
issued for cash		     -	     -	 5,000,000	   350		  -	      - 	       -	    249,750	     	   -	   250,100

Common stock
issued for
services		     -	     -		 -	     -	  2,313,059	  2,313		       -	    188,436		   -	   190,749

Common stock
issued for cash		     -	     -		 -	     -	  5,000,000	  5,000		       -	     95,000		   -	   100,000

Common stock
issued for
debt			     -	     -		 -	     -	  3,775,000	  3,775		       -	    418,662		   -	   422,437

Net (Loss)
for the nine
months ended
June 30, 2009		     -	     -		 -	     -		  -	      -		       -		  -	    (584,783)	  (584,783)
			------	------	----------	------	 ----------	-------		--------	-----------	------------	----------
Balance,
June 30,
2009	 		38,000 	$   38  14,961,666     $14,691 	 33,864,158 	$33,864 	$(23,522)	$18,734,312 	$(18,317,889)	$  441,494
			======	======	==========	======	 ==========	=======		========	===========	============	==========



The accompanying notes are an integral part of these condensed consolidaetd financial statements.
                                                                    6


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<TABLE>
<CAPTION>
<S><C><C>


					 VALCOM, INC.
			Condensed Consolidated Statements of Cash Flows
					 (unaudited)


				 				 For the Nine Months Ended
									  June 30,
								  2009		    2008
							       ---------	-----------
OPERATING ACTIVITIES

   Net loss			 				(584,783)	$  (501,161)
   Adjustments to reconcile net loss to
       net cash used by operating activities:
     	Depreciation expense		 			  87,965 	     19,005
     	Common stock issued for services		 	 190,749 	    312,300
     	Impairment of asset		 			       -   		  -
   Changes in operating assets and liabilities
	(Increase) decrease in accounts receivable		(229,873)	    100,473
	(Increase) decrease in prepaid expenses		 	(102,500)	    (57,159)
	(Increase) decrease in other assets					    (57,829)
	Increase (decrease) in accrued interest payable		  61,089 	     45,834
	Increase (decrease) in accounts payable		 	 114,086 	    (77,716)
	Increase (decrease) in deferred income		 	       -   	    265,000
							       ---------	-----------
   Net Cash Used in Operating Activities		 	(463,267)	     48,747

 INVESTING ACTIVITIES

   Purchase of Other Assets			 		 616,278 		  -
   Purchase of property and equipment			 	 264,352 		  -
							       ---------	-----------
   Net Cash Used in Investing Activities			 880,630 		  -
							       ---------	-----------
FINANCING ACTIVITIES

   Proceeds from preferred and common stock			 584,212 		  -
   Proceeds from note payable 			 		 140,000 	     68,100
   Increase/Decrease in Related Parties Payables		 213,094 		  -
   Repayment of notes payable			 		 411,267 		  -
							       ---------	-----------
   Net Cash Provided by Financing Activities		       1,348,573 	     68,100
							       ---------	-----------
   NET INCREASE  IN CASH					   4,676 	    116,847

   CASH AT BEGINNING OF YEAR		 			  86,416 	      5,926
							       ---------	-----------
   CASH AT END OF YEAR		 				  91,092 	$   122,773
								 =======	===========
SUPPLEMENTAL DISCLOSURES OF
   CASH FLOW INFORMATION

   CASH PAID FOR:
	Interest		 				       -   	$	  -
	Income Taxes		 				       -   	$	  -

   NON CASH FINANCING ACTIVITIES:
	Common stock issued for debt		 		       -   	$	  -

The accompanying notes are an integral part of these condensed consoldiated financial statements.
7

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                                 VALCOM, INC.

           Notes to the Condensed Consolidated Financial Statements


NOTE 1 - CONDENSED FINANCIAL STATEMENTS

     The  accompanying  financial  statements have been prepared by the Company
     without  audit.  In the opinion  of  management,  all  adjustments  (which
     include only normal recurring adjustments) necessary to present fairly the
     financial  position, results of operations and cash flows at June 30, 2009
     and for all periods presented have been made.

     Certain  information   and   footnote  disclosures  normally  included  in
     financial statements prepared  in  accordance  with  accounting principles
     generally accepted in the United States of America have  been condensed or
     omitted. It is suggested that these condensed financial statements be read
     in conjunction with the financial statements and notes thereto included in
     the  Company's  September  30,  2008  audited  financial statements.   The
     results  of  operations  for  the  period  ended June  30,  2009  are  not
     necessarily indicative of the operating results for the full years.

     The  preparation  of  financial  statements in conformity  with  generally
     accepted accounting principles requires  management  to make estimates and
     assumptions that affect the reported amounts of assets and liabilities and
     disclosure  of  contingent  assets  and  liabilities at the  date  of  the
     financial  statements and the reported amount  of  revenues  and  expenses
     during  the reported  period.  Actual  results  could  differ  from  those
     estimates.

NOTE 2 - GOING CONCERN

     The Company's  financial  statements are prepared using generally accepted
     accounting principles applicable to a going concern which contemplates the
     realization of assets and liquidation  of liabilities in the normal course
     of business.

     In order to continue as a going concern  and achieve a profitable level of
     operations, the Company will need, among other  things, additional capital
     resources  and  to develop a consistent source of revenues.   Management's
     plans include investing  in and developing all types of businesses related
     to the entertainment industry.

     The ability of the Company  to  continue  as  a going concern is dependent
     upon  its ability to successfully accomplish the  plan  described  in  the
     preceding  paragraph  and  eventually  attain  profitable operations.  The
     accompanying  financial  statements do not include  any  adjustments  that
     might be necessary if the  Company  is  unable  to  continue  as  a  going
     concern.

NOTE 3 - SIGNIFICANT EVENTS

     On  December  15,  2008,  the Company purchased all shares of FaithTV, LLC
     making it a wholly owned subsidiary  of  the  Company.   The  purchase  is
     reflected  in the financial statements along with the operating results of
     FaithTV, LLC  from  December  16,  2008  through  December  31,  2008. The
     purchase price was 100,000 shares of the Company's preferred stock  valued
     at  $0.09  per share. The Company also paid cash of $150,000 and issued  a
     note payable for $750,000 for a total purchase price of $909,000. The




NOTE 3 - SIGNIFICANT EVENTS (Continued)

     preferred stock  is convertible to shares of the Company's common stock on
     a one share for one  share  basis.  The purchase price was allocated based
     upon the fair value of the assets purchased as follows:

     Equipment                                        $ 250,000
     Film Library                                       250,000
     Goodwill                                           281,732
     Net Operating Assets of Faith TV           	127,268
     						      ---------
     Total                                            $ 909,000
						      =========

     On March 24, 2009, Valcom and Laurus Master Fund, Ltd, a company organized
     under  the  laws  of  the Cayman Islands  and  Chicago  Title  Company,  a
     California Corporation  entered into a Settlement Agreement whereby Valcom
     resolved its previously asserted  claims against Laurus and Chicago Title.
     Pursuant to the terms of the Agreement,  Laurus  agrees to pay the Company
     five hundred and fifty thousand dollars ($550,000)  which  was received by
     the Company's attorney on March 30th. Within ten calendar days  after  the
     Company  receives  payment  from  Laurus,  the Company filed a Request for
     Dismissal of its claims, with prejudice, of its actions against Laurus and
     Chicago Title and Chicago Title. This settlement  is  reflected  as `Other
     Income' with full accrual made for legal costs relating to the settlement.

     During  the  second  quarter Valcom tested the concept of using television
     promotions and the auction  format,  both  live-television and on-line, to
     promote the sale of real estate properties.   The  company's primary focus
     has been on REO properties utilizing its production  and  media  promotion
     capabilities.   On  June  19, 2009, Valcom entered into an agreement  with
     Florida  Opportunities,  Inc.   ("FOI"),   an   investor  in  real  estate
     properties, to sell REO properties in an on-line  auction  format promoted
     by television advertising.  The company has an agreement with FOI to share
     in  the profits of the sale of properties on a 50:50 basis after  expenses
     are deducted  through  a  joint  venture,  Sun  Investment  Services,  LLC
     ("Sun").  Sun is jointly owned (50:50) by Valcom and FOI.  The Parties are
     currently  negotiating  an operating agreement for Sun with FOI for future
     auctions.  Valcom is also  in  active  discussion  with  other entities to
     market  and  promote  properties  utilizing its real estate promotion  and
     auction format.

     During the nine months ended June 30,  2009, the Company issued 11,088,059
     shares of its common stock and 5,100,000 shares of its Preferred Stock.

NOTE 4 - NEW ACCOUNTING PRINCIPLES

     In May 2008, the Financial Accounting Standards Board ("FASB") issued SFAS
     No.  163,  "Accounting  for  Financial Guarantee  Insurance  Contracts-and
     interpretation of FASB Statement  No.  60".   SFAS  No.  163 clarifies how
     Statement 60 applies to financial guarantee insurance contracts, including
     the recognition and measurement of premium revenue and claims liabilities.
     This   statement   also  requires  expanded  disclosures  about  financial
     guarantee insurance  contracts. SFAS No. 163 is effective for fiscal years
     beginning on or after  December 15, 2008, and interim periods within those
     years. SFAS No. 163 has  no  effect  on  the Company's financial position,
     statements of operations, or cash flows at this time.

     In May 2008, the Financial Accounting Standards Board ("FASB") issued SFAS
     No.  162,  "The  Hierarchy of Generally Accepted  Accounting  Principles".
     SFAS No. 162 sets  forth  the  level  of  authority  to a given accounting
     pronouncement  or document by category. Where there might  be  conflicting
     guidance between  two  categories,  the  more  authoritative category will
     prevail. SFAS No. 162 will become effective 60 days after the SEC approves
     the  PCAOB's  amendments  to  AU  Section  411 of the  AICPA  Professional
     Standards. SFAS No. 162 has no effect on the Company's financial position,
     statements of operations, or cash flows at this time.

NOTE 5 - SUBSEQUENT EVENTS

     Valcom entered into a Letter of Intent with  ABEX Capital Inc. on July 25,
     2009 to invest $2,000,000 into the Company.  The  agreement  is subject to
     ABEX  satisfactory  due  diligence and a final agreement with the  initial
     investment into the Company  no  later than September 15, 2009.  ABEX will
     acquire 51% of the fully diluted share-capital  of  Valcom  and  receive 2
     board seats.







                                       6



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

Certain  statements  in  "Management's  Discussion  and  Analysis  or  Plan  of
Operation"  below,  and  elsewhere in this quarterly report, are not related to
historical  results,  and  are   forward-looking   statements.  Forward-looking
statements  present our expectations or forecasts of  future  events.  You  can
identify these  statements  by  the  fact  that  they do not relate strictly to
historical or current facts. These statements involve  known and unknown risks,
uncertainties and other factors that may cause our actual  results,  levels  of
activity,  performance  or  achievements  to  be  materially different from any
future results, levels of activity, performance or  achievements  expressed  or
implied   by  such  forward-  looking  statements.  Forward-looking  statements
frequently  are  accompanied  by  such  words  such as "may," "will," "should,"
"could," "expects," "plans," "intends," "anticipates," "believes," "estimates,"
"predicts," "potential" or "continue," or the negative  of  such terms or other
words and terms of similar meaning. Although we believe that  the  expectations
reflected  in  the  forward-  looking  statements  are  reasonable,  we  cannot
guarantee  future  results,  levels  of activity, performance, achievements, or
timeliness of such results. Moreover,  neither  we nor any other person assumes
responsibility  for  the  accuracy  and completeness  of  such  forward-looking
statements.  We  are  under  no  duty  to update  any  of  the  forward-looking
statements after the date of this quarterly report. Subsequent written and oral
forward looking statements attributable  to  us  or  to  persons  acting in our
behalf  are expressly qualified in their entirety by the cautionary  statements
and risk factors set forth below and elsewhere in this quarterly report, and in
other reports filed by us with the SEC.

INTRODUCTION

PLAN OF OPERATION

As of June  30,  2009, ValCom, Inc. ("Valcom" or the "Company") operations were
comprised of the following divisions:

1. Studio Rental Division

2. TV Stations and Broadcast Division

3. Film and Television Production

4. Distribution

5. Real Estate Promotion and Auctions

Corporate offices are located at 2113A Indian Rocks Beach, Florida.

1. STUDIO DIVISION

ValCom's business  includes  television  production for network and syndication
programming, motion pictures, and real estate  holdings,  however,  revenue  is
primarily  generated  through  the  lease  of  the sound stages and production.
ValCom's past and present clients include Paramount  Pictures,  Don Belisarious
Productions,  Warner  Brothers, Universal Studios, MGM, HBO, NBC, 20th  Century
Fox, Disney, CBS, Sony,  Showtime,  the  USA  Network,  the  Game Show Network,
Endemol,  BET  Home  Shopping  Network  and  Sullivan Studios. ValCom's  Studio
Division  is  composed  of  its  studio at 14375 Myerlake  Circle,  Clearwater,
Florida  which  houses  a  state-of-  the   art  production  studio,  broadcast
facilities, recording studios, production design  construction,  animation  and
post-production.

ValCom,  Inc.  manages  and  operates the Tele-Production Center in Clearwater,
Florida. This multi-million dollar  state  of  the  art facility in Clearwater,
Florida, is a 33,000 square foot facility that sits on  5  1/2  acres  and is a
favorite of all major film studios and television networks. It houses two sound
stages   and   a  Broadcast  Center.  ValCom  offers  several  flexible  studio
configuration options.  It  offers  digital  control rooms and studios that are
perfectly suited for music video productions, commercials, television programs,
industrial  and  training  productions, direct response,  media  and  satellite
tours, web casting events and videoconferencing.

2. TV STATIONS AND BROADCAST DIVISION

On December 15, 2008, Valcom  acquired a 100% interest in Faith TV LLC, now re-
branded  and  launched as "MyFamily  TV",  a  new  family  focused  TV  network
broadcasting through 75 affiliate TV stations , with plans to add significantly
more to this. The  re-branding  has  continued  with a new range of programming
begun in June 2009. The first such new programming  MyFamily  TV has secured is
the  joint  venture  with Porchlight Entertainment, one of the world's  leading
independent suppliers of high quality entertainment, and will see the launch of
a new children's programming  block  called  KidMango.  This will feature major
kids titles such as Jay Jay the Jet Plane, Four Eyes and  My  Goldfish is Evil.
Valcom has grown MyFamily TV carriage from 12 million households  to 57 million
households in six months and is continuing to look for opportunities to expand.

In addition Valcom has a joint venture with New Global Communications, Inc. and
owns  a  45%  equity  interest in ValCom Broadcasting, LLC, a New York  limited
liability company, which  operates  KVPS (Channel 8), an independent television
broadcaster in the Palm Springs, California  market.  Valcom  has  not realized
significant revenues from this joint venture to date.

3. FILM PRODUCTION DIVISION

ValCom  has a long history of TV and film production and continuously  develops
projects  for productions and considers proposals for co-production. ValCom has
developed and  produced  a  number of live action series pilots and full length
feature film projects such as PCH (Pacific Coast Highway) and the 40 episode TV
series A.J.'s Time Travelers.  With  its  integrated  studio  operation, studio
equipment  and  post  production  facility, ValCom has the opportunity  to  co-
produce by way of the provision of services with the opportunity to defer costs
and also to provide executive producer  services  to  assist  with development,
planning, financing and distribution.

In  the quarter to March 09, Valcom provided production support  for  the  51st
Annual  Grammy  Awards  Live  Charity  Auction  and is scheduled to provide the
production support and live web-cast production for the NBC Universal Propworks
`Battlestar Galactica', both events handled by Valcom  under its agreement with
the Auction Network.

4. DISTRIBUTION

ValCom also owns a small library of television content,  which  it  distributes
through  Valencia  Entertainment  International.  On November 6, 2007, Valencia
Entertainment signed an agreement with Porchlight Distribution  Inc. from Santa
Monica Blvd., Los Angeles, for the worldwide distribution of all 40 episodes of
A.J.'s  Time  Travelers.  In  December 2008, Valencia signed an agreement  with
Xtreme Fighting Championships (XFC)  to  produce  and distribute 13 episodes of
XFC's  mixed  martial  arts  fighting  championships  worldwide   and  also  to
distribute  future XFC promoted events for TV broadcast and home entertainment.
In January 2009,  XFC  also contracted with HD Net to promote and broadcast new
events during 2009 which  Valencia  will distribute worldwide outside of the HD
Net broadcast.

5. REAL ESTATE PROMOTION AND AUCTIONS

Valcom has tested the concept of using  television  promotions  and the auction
format,  both live-television and on-line, to promote the sale of  real  estate
properties.   The  company's primary focus has been on REO properties utilizing
its  production and media  promotion  capabilities.   Valcom  entered  into  an
agreement  dated  June  19,  2009  with Florida Opportunities, Inc. ("FOI"), an
investor in real estate properties,  to  sell  REO  properties  in  an  on-line
auction  format  promoted  by  television  advertising.   The  company  has  an
agreement with FOI to share in the profits of the sale of properties on a 50:50
basis after expenses are deducted through a joint venture.  The company intends
to expend its capabilities in real estate promotions and auctions.

RESULTS OF OPERATIONS - THREE MONTHS ENDED JUNE 30, 2009 VS. JUNE 30, 2008

Revenues  for  the  three months June 30, 2009 increased by $71,731 or 38% from
$190,961 for the three  months  ended  June  30,  2008 to $262,692 for the same
period  in  2009.  The  increase  in revenue was principally  due  to  revenues
generated by MyFamilyTV.

Depreciation and amortization expense  for the three months ended June 30, 2009
increased  to $32,588for the three months  ended  June  30,  2009  compared  to
6,335for the  same  period  in  2008 due to the increased asset base  purchased
from FaithTV.

General and administrative expenses  for  the  three months ended June 30, 2009
increased by $191,426 or 62% from $309,420 for the  three months ended June 30,
2008 to $500,846 for the same period in 2009. The increase  was due principally
to  higher  operating  costs in preparation for the Company's entry  into  real
estate promotion and auctions.

Interest expense for the  three  months ended June 30, 2009 increased by $7,515
or 49% from $15,278 for the three  months ended June 30, 2008 to $22,793for the
same period in 2009.  The increase was  due  principally  to  the  note for the
purchase of FaithTV.

RESULTS OF OPERATIONS - NINE MONTHS ENDED JUNE 30, 2009 VS. JUNE 30, 2008

Revenues  for the nine months June 30, 2009 decreased by $192,022 or  23%  from
$839,918 for  the  nine  months  ended  June  30, 2008 to $647,896 for the same
period in 2009. The decrease in revenue was principally  due  to  the  drop  in
television  production and advertising revenues related to the general economic
slowdown.

Depreciation  and  amortization expense for the nine months ended June 30, 2009
increased to $87,965  for  the  nine  months  ended  June  30, 2009 compared to
$19,005 for the same period in 2009 due to the increased asset  base  purchased
from FaithTV.

General  and  administrative  expenses for the nine months ended June 30,  2009
increased by $323,648 or 25% from $1,272,568 for the nine months ended June 30,
2008 to $1,596,216for the same period in 2009. The increase was due principally
to.

Interest expense for the nine months  ended  June 30, 2009 increased by $28,356
or 62% from $45,834 for the nine months ended  June 30, 2008 to $74,190 for the
same  period in 2009. The increase was due principally  to  the  note  for  the
purchase of FaithTV.

Due to the factors described above, the Company's net loss increased by $83,622
from $501,161  for  the nine months ended June 30, 2008 to $584,783for the same
period in 2009.

FUTURE OUTLOOK

During August 2008, the Company emerged from bankruptcy. The Company is seeking
new business opportunities and to reestablish itself in the television and film
production industry.   On  December  15, 2008, Valcom acquired 100% interest in
Faith TV LLC, now re-branded and launched  as  "My  Family  TV,"  a  new family
focused  TV network broadcasting through 75 affiliate TV stations as of  August
2009  and  with   plans   to  add  significantly  more  affiliates.   Currently
broadcasting  to over 57 million  households,  MyFamily  TV  has  also  secured
significant  program   blocks   such  as  the  joint  venture  with  Porchlight
Entertainment, one of the world's leading independent suppliers of high quality
entertainment, to launch a new children's  programming  block  called KidMango,
which has been well received.

During  the  second  quarter  Valcom  tested  the  concept  of using television
promotions and the auction format, both live-television and on-line, to promote
the sale of real estate properties.  The company's primary focus  has  been  on
REO  properties  utilizing  its  production  and  media promotion capabilities.
Valcom   entered   into  an  agreement  dated  June  19,  2009   with   Florida
Opportunities, Inc. ("FOI"), an investor in real estate properties, to sell REO
properties in an on-line  auction  format  promoted  by television advertising.
The company has an agreement with FOI to share in the  profits  of  the sale of
properties  on  a  50:50  basis  after  expenses  are  deducted through a joint
venture, Sun Investment Services, LLC ("Sun").  Sun is jointly owned (50:50) by
Valcom  and  FOI  and   the  Parties  are  currently negotiating  an  operating
agreement for future auctions.  Valcom is also  in active discussion with other
entities  to  market  and promote properties utilizing  its  auction  promotion
format.

LIQUIDITY AND CAPITAL RESOURCES

The Company's condensed  consolidated  financial statements have been prepared,
assuming that the Company will continue  as  a going concern. The Company has a
net loss of $584,783and a negative cash flow from operations of $463,267for the
nine months ended June 30, 2009, a working capital  deficiency of $1,427,191and
an accumulated deficit of $18,317,889 at June 30, 2009.  These conditions raise
substantial doubt about the Company's ability to continue as a going concern.

Cash  totaled $91,092 on June 30, 2009 compared to $ 122,773  as  at  June  30,
2008. During  the  nine  months ended June 30, 2009, net cash used by operating
activities totaled $(463,267) compared to net cash used in operating activities
of $48,747 for the comparable  nine-month period in 2008. A significant portion
of  operating  activities  included   payments   for  interest  and  production
development  costs.  Net cash provided by financing  activities  for  the  nine
months  ended  June 30,  2009  totaled  $1,348,573compared  to  $68,100for  the
comparable nine-month period in 2008.

The above cash flow activities yielded a net cash increase of $4,676 during the
nine months ended  June 30, 2009 compared to an increase of $116,847 during the
comparable prior period in 2008.

Net working capital  (current assets less current liabilities) was a deficit of
$1,427,191 as of June  30,  2009.  The Company will need to raise funds through
various financings or find a suitable merger partner to maintain its operations
until such time as cash generated by  operations  is  sufficient  to  meet  its
operating  and capital requirements. There can be no assurance that the Company
will be able  to  raise  such capital on terms acceptable to the Company, if at
all.

SUBSEQUENT EVENTS

Valcom entered into a Letter  of Intent with ABEX Capital Inc. on July 25, 2009
to  invest $2,000,000 into the Company.   The  agreement  is  subject  to  ABEX
satisfactory  due  diligence  and a final agreement with the initial investment
into the Company no later than  September  15,  2009.  ABEX will acquire 51% of
the full diluted share-capital of Valcom and receive 2 board seats.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

N/A

ITEM 4. CONTROLS AND PROCEDURES.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Our  management is responsible for establishing and  maintaining  a  system  of
disclosure  controls  and  procedures  (as  defined in Rule 13a-15(e) under the
Exchange  Act)  that  is designed to ensure that  information  required  to  be
disclosed by the Company  in  the  reports  that  we  file  or submit under the
Exchange Act is recorded, processed, summarized and reported,  within  the time
specified  in  the  Commission's  rules  and  forms.  Disclosure  controls  and
procedures  include,  without  limitation,  controls and procedures designed to
ensure that information required to be disclosed  by  an  issuer in the reports
that it files or submits under the Exchange Act is accumulated and communicated
to  the  issuer's  management,  including  its principal executive  officer  or
officers and principal financial officer or  officers,  or  persons  performing
similar functions, as appropriate to allow timely decisions regarding  required
disclosure.

Pursuant  to Rule 13a-15(b) under the Exchange Act, the Company carried out  an
evaluation  with the participation of the Company's management, including Vince
Vellardita, the  Company's  Chief Executive Officer and Chief Financial Officer
("CEO/CFO"), of the effectiveness  of  the  Company's  disclosure  controls and
procedures (as defined under Rule 13a-15(e) under the Exchange Act)  as  of the
three months ended June 30, 2009. Based upon that evaluation, the Company's CEO
/CFO  concluded  that  the Company's disclosure controls and procedures are not
effective to ensure that information required to be disclosed by the Company in
the reports that the Company  files  or  submits  under  the  Exchange  Act, is
recorded, processed, summarized and reported, within the time periods specified
in  the  SEC's  rules  and  forms, and that such information is accumulated and
communicated to the Company's  management, including the Company's CEO /CFO, as
appropriate, to allow timely decisions regarding required disclosure.

CHANGES IN INTERNAL CONTROLS

Our management, with the participation  the  Principal  Executive  Officer  and
Principal  Accounting Officer, performed an evaluation as to whether any change
in our internal  controls  over  financial  reporting  occurred during the 2009
Quarter  ended June 30, 2009. Based on that evaluation, the  Company's  CEO/CFO
concluded  that  no  change  occurred  in  the Company's internal controls over
financial  reporting during the 2009 Quarter  ended  June  30,  2009  that  has
materially  affected,  or  is  reasonably  likely  to  materially  affect,  the
Company's internal controls over financial reporting.


                          PART II--OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS COMPANY

None

ITEM 1A. RISK FACTORS

There have been  no  material  changes  from  the Risk Factors described in our
Annual Report on Form 10-K for the fiscal year ended September 30, 2008.

ITEM 2 - UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On April 28, 2009 Valcom issued 1,000,000 shares  of  its Common Stock at $0.10
per share in lieu of payment of $100,000 toward the note for the acquisition of
FaithTV.

On May 4, 2009 Valcom issued 1,428,571 shares of its Common  Stock at $0.07 per
share for cash from Asia Pacific Holdings LTD.

On May 14, 2009 Valcom issued 1,191,000 shares of its Common Stock at $0.05 per
share  in a negotiated settlement of $59,550 shared equally between  Venturetek
and Krovim related to a violation of their registration rights agreement.

On May 14, 2009 Valcom issued 1,500,000 shares of its Common Stock at $0.05 per
share in  lieu  of  payment  of  $75,000 toward the note for the acquisition of
FaithTV.

On  June  5,  2009  Valcom  entered  a  Participation  Agreement  with Bay-Gulf
Partners,  LLC  for  a  Convertible Note for $100,000.  The note is convertible
into Valcom Common Stock  at  a conversion rate of $0.10 per share or 1,000,000
shares if converted in total.   The note has a one-year term and a 10% interest
rate and may be repaid or converted at the option of Bay-Gulf Partners, LLC.

On June 9, 2009 Valcom entered a  Participation  Agreement with Bay-Gulf Homes,
LLC for a Convertible Note for $40,000.  The note  is  convertible  into Valcom
Common  Stock  at  a  conversion  rate  of $0.10 per share or 40,000 shares  if
converted in total.  The note has a one-year  term  and a 10% interest rate and
may be repaid or converted at the option of Bay-Gulf Homes, LLC.

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

NONE

ITEM 4 - SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

NONE

ITEM 5 - OTHER INFORMATION

NONE.

ITEM 6 - EXHIBITS.

(A) Exhibits

31.1  Certification by Chief Executive  Officer  and  Chief  Financial  Officer
pursuant to Section 302 of Sarbanes Oxley Act of 2002.

32.1 Certification  of  Chief  Executive  Officer  and  Chief Financial Officer
Pursuant to 18 U.S.C. Section 1350.

The Company incorporates by reference all exhibits to its  Form  10-K  for  the
year ending September 30, 2007.


                                  SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant  caused  this  report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Dated: August 20, 2009

VALCOM, INC., A DELAWARE CORPORATION


By: /s/  Vince Vellardita
    ---------------------
    Vince  Vellardita
    Chief  Executive  Officer (Principal
    Executive Officer) and Chief Financial
    Officer (Principal Accounting and
    Financial Officer)