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 MARCH 31, 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 May 11, 2009, the
issuer had 25,023,158 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 March 31, 2009 and  the  results of their operations and
their cash flows for the three months ended March  31, 2009. These consolidated
financial statements include the accounts of ValCom,  Inc.  and  its subsidiary
companies  (together  "the Company"). Results for the three months ended  March
31, 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


MOORE & ASSOCIATES, CHARTERED
ACCOUNTANTS AND ADVISORS
PCAOB REGISTERED



            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


TO THE BOARD OF DIRECTORS
VALCOM, INC.


We have reviewed the accompanying consolidated balance sheet of Valcom, Inc. as
of  March  31,  2009,  and  the  related consolidated statements of operations,
stockholders' equity (deficit), and  cash  flows  for  the three-month and six-
month periods ended March 31, 2009 and 2008. These interim financial statements
are the responsibility of the Corporation's management.

We conducted our reviews in accordance with the standards of the Public Company
Accounting  Oversight  Board  (United  States). A review of  interim  financial
information consists of principally applying  analytical  procedures and making
inquiries of persons responsible for the financials and accounting matters.  It
is substantially less in scope than an audit conducted in accordance  with  the
standards of the Public Company Accounting Oversight Board (United States), the
objective  of  which  is  the  expression of an opinion regarding the financial
statements taken as a whole.  Accordingly, we do not express such an opinion.

Based on our reviews, we are not  aware  of  any  material  modifications  that
should  be  made to such financial statements for them to be in conformity with
accounting principles generally accepted in the United States of America.

We have previously  audited, in accordance with standards of the Public Company
Accounting Oversight  Board  (United States), the consolidated balance sheet of
Valcom, Inc. as of September 30,  2008, and the related consolidated statements
of operations, stockholders' equity  (deficit) and cash flows for the year then
ended (not presented herein); and in our  report  dated  January  10,  2009, we
expressed  an  unqualified  opinion  with  a  going  concern paragraph on those
financial  statements.  In  our  opinion,  the information  set  forth  in  the
accompanying balance sheet as of September 30,  2008  is  fairly stated, in all
material  respects, in relations to the balance sheet from which  it  has  been
derived.

/S/ MOORE & ASSOCIATES, CHARTERED
---------------------------------
Moore & Associates, Chartered
Las Vegas, Nevada
May 19, 2009



6490 WEST DESERT INN ROAD, LAS VEGAS, NEVADA 89146 (702) 253-7499 FAX:
(702)253-7501





<TABLE>
<CAPTION>

<S><C><C>
                                             VALCOM, INC.
                                 Condensed Consolidated Balance Sheets


                                                                    March 31,     	 September 30,
                                                                     2009            	     2008
                                                                  (unaudited)
								----------------	---------------

ASSETS


CURRENT ASSETS

	Cash							$	 352,106	$	 86,416
	Accounts receivable, net			 		 100,063 		      -
	Prepaid expense			 				  36,434 		 24,434
								----------------	---------------
		Total Current Assets		 			 488,603 		110,850
								----------------	---------------

PROPERTY and EQUIPMENT, net				 		 284,995 		 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					$      2,389,876 	$     1,186,870
								================	===============
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

	Accounts payable and accrued expenses			$	 341,102 	$	468,364
	Accrued interest payable			 		 206,857 		166,061
	Deferred income			 				       - 		      -
	Due to related parties			 			 512,282 		 86,181
	Notes payable			 				 898,440 		412,173
								----------------	---------------
		Total Current Liabilities			       1,958,681 	      1,132,779
								----------------	---------------
LONG-TERM LIABILITIES
	Notes payable			 				       - 		      -
								----------------	---------------
		Total Long-Term Liabilities		 		       - 		      -
								----------------	---------------
		TOTAL LIABILITIES				       1,958,681 	      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, 7,921,666 shares issued and
	  outstanding			 				  10,041 		  9,591
	Common stock, 250,000,000 shares
	  authorized at par value of $0.001,
	  14,647,059 and  10,376,099 shares
	  issued and outstanding, respectively			 	  25,023 		 22,776
	Treasury stock, 35,000 shares					 (23,522)		(23,522)
	Additional paid-in capital			 	      18,391,028 	     17,778,314
	Accumulated deficit					     (17,971,413)	    (17,733,106)
								----------------	---------------
		Total Stockholders' Equity (Deficit)			 431,195 		 54,091
								----------------	---------------
		TOTAL LIABILITIES AND STOCKHOLDERS'
		  EQUITY (DEFICIT)				$      2,389,876 	$     1,186,870
								================	===============



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

</TABLE>

<PAGE>		2


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




                                                       For the Three Months Ended        		For the Six Months Ended
                                                                March 31,                        		March 31,
                                                     2009             	      2008          	      2009             	      2008
						---------------		----------------	----------------	----------------
REVENUES			 		$ 	318,935		$ 	 381,321	$ 	 385,204	$ 	 648,957
COST OF GOODS SOLD				 	      - 		   1,223 		     107 		   1,223
						---------------		----------------	----------------	----------------
GROSS MARGIN				 		318,935 		 380,098 		 385,097 		 647,734

OPERATING EXPENSES

	Advertising and marketing			(80,243)		     772 		 (26,105)		   1,313
	Depreciation expense			 	 32,588 		   6,335 		  55,377 		  12,670
	General and administrative			681,754 		 298,579 	       1,095,370 		 963,148
						---------------		----------------	----------------	----------------
		Total Operating Expenses		634,099 		 305,686 	       1,124,642 		 977,131
						---------------		----------------	----------------	----------------
LOSS FROM OPERATIONS			 	       (315,164)		  74,412 		(739,545)		(329,397)
						---------------		----------------	----------------	----------------
OTHER INCOME (EXPENSE)

	Gain (loss) on sale of equipment		      - 		       - 		       - 		       -
	Interest expense			 	(30,894)		 (15,278)		 (51,397)		 (30,556)
	Other income					552,475 		       - 		 552,635 		       -
						---------------		----------------	----------------	----------------
TOTAL OTHER INCOME (EXPENSE)				521,581 		 (15,278)		 501,238 		 (30,556)
						---------------		----------------	----------------	----------------
INCOME (LOSS) BEFORE INCOME TAXES			206,417 		  59,134 		(238,307)		(359,953)
INCOME TAX EXPENSE				 	      - 		       - 		       - 		       -
						---------------		----------------	----------------	----------------
NET INCOME (LOSS)				$	206,417		$	  59,134 	$	(238,307)	$	(359,953)
						===============		================	================	================
BASIC INCOME (LOSS) PER SHARE			$	   0.01 	$	    0.00 	$	   (0.01)	$	   (0.03)
						===============		================	================	================
WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING			 	     24,834,493 	      13,976,099 	      24,148,362 	      12,776,099
						===============		================	================	================






                The accompanying notes are a integral part of these condensed consolidated financials statements.

</TABLE>


<PAGE>		3


<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

Common stock
issued for
services	 	     - 	     - 	 	 - 	     - 	    869,729 	    870 	       - 	     86,103 	 	   - 	    86,973

Common stock
issued for
debt	 		     - 	     - 	 	 - 	     -    1,000,000 	  1,000 	       - 	     99,000 	 	   - 	   100,000

Net loss for
the three
months ended
December 31,
2008	 		     - 	     - 	 	 - 	     - 	     	  - 	      - 	       - 	      	  - 	    (444,723)	  (444,723)
			------	------	----------	------	 ----------	-------		--------	-----------	------------	----------
Balance,
December 31,
2008	 		38,000 	$   38 	 9,961,666     $ 9,691 	 24,645,828 	$24,646 	$(23,522)	$17,972,317 	$(18,177,829)	$ (194,659)
			======	======	==========	======	 ==========	=======		========	===========	============	==========
Balance ,
January 01,
2009	 		38,000 	$   38 	 9,961,666     $ 9,691 	 24,645,828 	$24,646 	$(23,522)	$17,972,317 	$(18,177,829)	$ (194,659)

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

Preferred stock
issued for debt																		 0

Common stock
issued for																		 0
services							    252,330	    252		  		     43,974	 		    44,226

Common stock
issued for
debt				           			    125,000	    125				    124,987			   125,112
Common stock
issued for cash
									  0	      0		       			  0				 0
Net Profit/(Loss)
for the three
months ended
March 31, 2009		     0	      0		 0	     0		  0	      0		       0		  0	     206,416	   206,416
			------	------	----------	------	 ----------	-------		--------	-----------	------------	----------
Balance,
March 31,
2009	 		38,000 	$   38  14,961,666     $10,041 	 25,023,158 	$25,023 	$(23,522)	$18,391,028 	$(17,971,413)	$  431,195
			======	======	==========	======	 ==========	=======		========	===========	============	==========



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

</TABLE>



<PAGE>		4


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


                                                                                 For the Six Months Ended
                                                                                        March 31,
                                                                              2009                    2008

									----------------	-----------------
OPERATING ACTIVITIES

	Net loss								(238,307)	$	 (359,953)
	Adjustments to reconcile net loss to
	  net cash used by operating activities:
		Depreciation expense						  55,377 		   12,670
		Common stock issued for services				 131,199 		  180,000
		Impairment of asset					 					-
	Changes in operating assets and liabilities
		(Increase) decrease in accounts receivable			(100,063)		  118,724
		(Increase) decrease in prepaid expenses				 (12,000)		  (33,680)
		Increase (decrease) in accrued interest payable			  40,796 		   30,556
		Increase (decrease) in accounts payable				(127,262)		  (73,615)
		Increase (decrease) in deferred income				       0 		  265,000
									----------------	-----------------
		Net Cash Used in Operating Activities				(250,260)		  139,702
									----------------	-----------------
 INVESTING ACTIVITIES

	Proceeds from sale of equipment						       -			-
	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			 	 484,212 			-
	Proceeds from note payable 						  			   68,100
	Increase/Decrease in Related Parties Payables				 426,101
	Repayment of notes payable						 486,267 			-
									----------------	-----------------
		Net Cash Provided by Financing Activities		       1,396,580 		   68,100
									----------------	-----------------
		NET INCREAsE  IN CASH						 265,690 	   	  207,802

		CASH AT BEGINNING OF YEAR					  86,416 		    5,926
									----------------	-----------------
		CASH AT END OF YEAR						 352,106 	$	  213,728
									================	=================
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.

</TABLE>


<PAGE>		5


                            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  March  31,  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 March 31, 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 six months ended March 31, 2009, the Company issued 2,247,059 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.

<PAGE>		6

NOTE 4 - NEW ACCOUNTING PRINCIPLES (Continued)

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.


<PAGE>		7






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

                  SPECIAL NOTE ON FORWARD-LOOKING STATEMENTS.

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 March  31, 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

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.


<PAGE>		8

  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
scheduled to start 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.

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.

 RESULTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 200 9 VS. MARCH 31, 2008

Revenues for the three months March 31,  2009  decreased  by  $62,386 or 16.45%
from  $381,321  for the three months ended March 31, 2008 to $318,935  for  the
same period in 2009.  The  decrease in revenue was principally due to reduction
in studio rental revenues.

Production costs for the three  months ended March 31, 2009 decreased by $1,223
from $1,223 for the three months ended March 31, 2008 to $0 for the same period
in 2009. The decrease in production  costs  was principally due to reduction in
studio rental production. Depreciation and amortization  expense  for the three
months ended March 31, 2009 was $32,588 compared to $6,335for the three  months
ended March 31, 2008.


<PAGE>		9

General  and  administrative expenses for the three months ended March 31, 2009
increased by $383,175  or  128% from $298,579 for  the three months ended March
31,  2008 to $681,754 for the  same  period  in  2008.  The  decrease  was  due
principally to acquisition of My Family TV expense.

Interest expense for the three months ended March 31, 2009 increased by $15,616
or  102%  from $15,278 for the three months ended March 31, 2008 to $30,894 for
the same period in 2009.

SIX MONTHS ENDED MARCH 31, 2009 VS. MARCH 31, 2008

Revenues for  the six months March 31, 2009 decreased by $263,753 or 40.6% from
$648,957 for the  six  months  ended  March  31,  2008 to $385,204f or the same
period in 2009. The decrease in revenue was principally  due  to a reduction in
studio rental revenues.

Production costs for the six months ended March 31, 2009 decreased by $1,116 or
91%  from  $1,223  for the six months ended March 31, 2008 to $107or  the  same
period in 2009. The  decrease  in  production  costs  was  principally due to a
reduction in studio rental production.

Depreciation and amortization expense for the six months ended  March  31, 2009
was $55,377 compared to $12,670 for the six months ended March 31, 2008.

General  and  administrative  expenses  for the six months ended March 31, 2009
increased by $132,222 or 13.7% from $963,148 for the six months ended March 31,
2008  to  $1,095,370  for  the  same  period in  2009.  The  increase  was  due
principally to the acquisition of My Family TV.

Interest expense for the six months ended March 31, 2009 increased by $20,841or
68.2% from $30,556 for the six months ended  March  31,  2008 to $51,397for the
same  period  in 2009. The increase was due principally to additional  activity
relating to the acquisition of My Family TV.

Other Income increased  by  $552,635  compared to $0 in the six months to March
31, 2008.

Due  to  the  factors described above, the  Company's  net  loss  decreased  by
$121,646, from $359,953 for the six months ended March 31, 2008 to $238,307 for
the same period in 2009.

FUTURE OUTLOOK COMPANY UPDATE

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 as of February 2009 and with
plans to add significantly more affiliates  to  this. Currently broadcasting to
over 17 million households, MyFamily TV has also  secured  significant  program
blocks such 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.  This  will feature major kids
titles such as Jay Jay the Jet Plane, Four Eyes and My Goldfish is Evil.

Valcom  also  signed  a  three-  year facilities and production  agreement  for
television programming and related  services  with the Auction Network, a live-
bid-to-picture interactive auction entertainment  network that offers audiences
compelling interactive programming merging the sport and spirit of live auction
with the ability to watch, bid and win live, real-time, in H-D from anywhere in
the world. These include the production of the 51st  Annual  Grammy Awards Live
Charity  Auction  Benefiting  MusiCares and Christmas with the Stars  Celebrity
Auction Benefits the Make-A-Wish  Foundation  hosted  by Kathy, Rick, and Paris
Hilton. Valcom will also broadcast some of these auction events on MyFamily TV.

Valcom, together with various partners, has advanced plans  to  produce live TV
auctions events and in particular real estate auction.

<PAGE>		10

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 $238,307  and  a negative cash flow from operations of $250,260 for
the six months ended March 31, 2009, a working capital deficiency of $1,470,078
and an accumulated deficit of  $17,971,413  at March 31, 2009. These conditions
raise substantial doubt about the Company's ability  to  continue  as  a  going
concern.

Cash  totaled  $352,106  on March 31, 2009 compared to $213,728 as at March 30,
2008. During the six months  ended  March  31, 2009, net cash used by operating
activities totaled $250,260 compared to net  cash  used in operating activities
of $139,702 for the comparable six-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 six months
ended  March 31, 2009 totaled $1,398,580 compared to $68,100 for the comparable
six-month period in 2008.

The above  cash  flow activities yielded a net cash increase of $265,690 during
the six months ended  March 31, 2009 compared to an increase of $207,802 during
the comparable prior year period.

Net working capital (current  assets  less  current liabilities) was a negative
$1,479,078 as of March 31, 2009. The Company  will  need to raise funds through
various financings 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.

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  March 31, 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 Quarter
ended March 31, 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 Quarter ended March 31, 2009 that has materially affected,
or is reasonably likely to materially  affect,  the Company's internal controls
over financial reporting.


<PAGE>		11

                          PART II--OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS


VALCOM V. CHICAGO TITLE COMPANY AND THE LAURUS MASTER FUND

On March 24, 2009, the Company and Laurus Master Fund, Ltd, a company organized
under the laws of the Cayman Islands ("Laurus") and  Chicago  Title  Company, a
California  Corporation  ("Chicago  Title") entered into a Settlement Agreement
whereby the Company resolved it's previously asserted claims against Laurus and
Chicago Title.

Pursuant to the terms of the Settlement  Agreement,  Laurus  agrees  to pay the
Company five hundred and fifty thousand dollars ($550,000) within ten  days  of
the  signing  of  the  Settlement Agreement. Within ten calendar days after the
Company receives payment  from  Laurus,  the  Company  shall file a Request for
Dismissal  of  its claims, with prejudice, of its actions  against  Laurus  and
Chicago Title and  Chicago  Title  shall  file  a  Request for Dismissal of its
claims against Laurus.

VALCOM, INC. V. PTL PRODUCTIONS, INC., TROY LINGER,  CHRIS  LENTO DBA BRENTWOOD
MAGAZINE,

Case number SC094099. This matter involves breach of contract and fraud against
the Defendants for $380,000 filed on June 1, 2007 in the Superior  Court of Los
Angeles,   Santa   Monica   District  alleging  breach  of  contract,  specific
performance, injunctive relief,  declaratory relief, accounting and negligence.
In this matter, Valcom is the plaintiff  and  sued the defendants for breach of
contract with respect to Valcom's purchase of Brentwood  Magazine.  The parties
are in settlement discussions and anticipate a settlement  of  this case at any
time.

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 November 25, 2008,  the  Company  executed  a  convertible  debenture in the
principal  amount  of $100,000 payable to Able Income Fund, LLC convertible  at
the lower of (1) the VWAP for the three Regular Trading Days (which need not be
consecutive) selected  by  the  Holder  from  the 20 trading days ending on the
trading day immediately before the relevant conversion  date, multiplied by 70%
or  (2) $0.10 and warrants to purchase 400,000 shares of the  Company's  common
stock at an exercise price of $0.10 per share. The Company paid off the note in
February 2009.


<PAGE>		12

On January  6, 2009, the Company and Omnireliant Holdings, Inc. ("Omnireliant")
entered into  a Note Purchase Agreement whereby the Company sold to Omnireliant
a 10% Secured Convertible  Promissory Note with a conversion price of $0.10 per
share and a warrant to purchase  1,000,000 shares of the Company's Common Stock
at an exercise price of $0.20 per  share. The note may also be converted by the
purchase by the Omnireliant from the Company of broadcast airtime or commercial
slots  at  an agreed discount to the standard  published  rate  card  for  such
airtime or commercial slots.

On February  5,  2009, the Company entered into a Share Purchase Agreement with
Rainy Day Holdings LLC for the purchase of
Five Million Shares  of  ValCom  Series  C  Preferred Stock. Series C Preferred
Stock is convertible to ValCom Common Stock on  a one to one basis at any time.
This investment was accompanied by the invitation to Carl Austin Powers to join
the Board of Directors of ValCom Inc. and Mr. Powers joined the Board of ValCom
on February 5, 2009 and also joined the company in  a full time capacity, under
a 3 year agreement as Executive Vice President of Sales and Marketing.


ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

NONE

ITEM 4 - SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

NONE

ITEM 5 - OTHER INFORMATION

On February 5, 2009, Carl Austin Powers entered into  a  three  year  agreement
with  Valcom  to  become Executive Vice President of Sales and Marketing.    On
February 5, 2009, Mr. Powers joined the board of directors of Valcom.

ITEM 6 - EXHIBITS.

(A) Exhibits

10.1 Form of Note Purchase Agreement dated January 6, 2009 between Valcom, Inc.
and Omnireliant Holdings,  Inc.  (Incorporated  by  reference  to the Company's
Current  Report on Form 8-K, filed with the Securities and Exchange  Commission
on January 9, 2009)

10.2 Form  of 10% Secured Promissory Note dated January 6, 2009 between Valcom,
Inc. and Omnireliant Holdings, Inc. (Incorporated by reference to the Company's
Current Report  on  Form 8-K, filed with the Securities and Exchange Commission
on January 9, 2009)

10.3 Form of Security  Agreement dated January 6, 2009 between Valcom, Inc. and
Omnireliant Holdings, Inc.  (Incorporated by reference to the Company's Current
Report  on Form 8-K, filed with  the  Securities  and  Exchange  Commission  on
January 9, 2009)

10.4 Form of Warrant dated January 6, 2009 between Valcom, Inc. and Omnireliant
Holdings,  Inc.  (Incorporated  by reference to the Company's Current Report on
Form 8-K, filed with the Securities and Exchange Commission on January 9, 2009)

10.5 Memorandum of Understanding  by  and  between  Valcom, Inc. and Jeremiah's
International  Trading  CO.  Inc.  dated  February  5,  2009  (Incorporated  by
reference  to  the  Company's  Current  Report  on  Form  8-K, filed  with  the
Securities and Exchange Commission on February 12, 2009.

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, 2008.


<PAGE>		13

                                  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: May _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)



In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the issuer and in the capacities and on the
dates indicated.


SIGNATURE                       TITLE                        DATE
--------------------------      ------------------------     ------------
By:  /s/ Vince  Vellardita      Chief Executive Officer,     May 20, 2009
    ----------------------      Chairman  of  the  Board
    Vince  Vellardita

By: /s/ Richard Shintaku        Director                     May 20, 2009
    --------------------
    Richard  Shintaku

By: /s/ Frank O Donnell         Director                     May 20, 2009
    -------------------
    Frank O Donnell

By: /s/ Carl Austin Powers      Director                     May 20, 2009
    ----------------------
    Carl Austin Powers



<PAGE>		14