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 DECEMBER 31, 2007

                        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 [ ]

As of October 14, 2008 the issuer had 22,776,099 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 December 31, 2007  and  the  results of their operations
and  their  cash  flows  for the three months ended December  31,  2007.  These
consolidated financial statements  include the accounts of ValCom, Inc. and its
subsidiary companies (together "the  Company").  Results  for  the three months
ended  December  31,  2007,  are  not necessarily indicative of the operations,
which  may  occur during the year ending  September  30,  2007.  Refer  to  the
Company's Annual Report on Form 10- K for the year ended September 30, 2007 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	   9
Item 3.  Quantitative and Qualitative Market Risk			   12
Item 4.  Controls and Procedures					   12

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings						   13
Item 1A. Risk Factors							   16
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds	   16
Item 3.  Defaults Upon Senior Securities				   16
Item 4.  Submission of Matters to a Vote of Security Holders		   16
Item 5.  Other Information						   16
Item 6.  Exhibits							   16
SIGNATURES								   17



                                    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 balance sheet of ValCom, Inc. as of December
31, 2007,  and  the  related  statements  of  operations,  stockholders' equity
(deficit), and cash flows for the three-month periods ended  December  31, 2007
and   December   31,   2006.   These   interim  financial  statements  are  the
responsibility of the Corporation's management.

We conducted our review 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 balance sheet  of  ValCom, Inc.
as   of   September  30,  2007,  and  the  related  statements  of  operations,
stockholders'  equity  (deficit)  and  cash  flows for the year then ended (not
presented herein); and in our report dated October  8,  2008,  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, 2007 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
October 14, 2008



2675 S. JONES BLVD. SUITE 109, LAS VEGAS, NEVADA 89146
(702) 253-7499 FAX: (702)253-7501

<PAGE>		2


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VALCOM, INC.
Balance Sheets

ASSETS

							 December 31,	 September 30,
							     2007	      2007
							-------------	-------------
							 (unaudited)
CURRENT ASSETS

   Cash							$	1,888	$	5,926
   Accounts receivable, net			 	      114,067 	      173,328
							-------------	-------------
	Total Current Assets		 		      115,955 	      179,254
							-------------	-------------
FIXED ASSETS, net				 	       95,025 	      101,360
							-------------	-------------
OTHER ASSETS

   Deposits			 			      128,350 	      158,853
   Other assets			 			    1,000,000 	    1,000,000
							-------------	-------------
	Total Other Assets				    1,128,350 	    1,158,853
							-------------	-------------
	TOTAL ASSETS					$   1,339,330 	$   1,439,467
							=============	=============
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

   Accounts payable and accrued expenses		$     965,646 	$     906,974
   Accrued interest payable			 	      179,068 	      163,790
   Due to related parties			 	    1,965,288 	    1,950,288
   Notes payable			 		      691,153 	      641,153
							-------------	-------------
	Total Current Liabilities		 	    3,801,155 	    3,662,20
							-------------	-------------
LONG-TERM LIABILITIES

   Notes payable			 			    - 		    -
							-------------	-------------
	Total Long-Term Liabilities				    - 		    -
							-------------	-------------
	TOTAL LIABILITIES		 		    3,801,155 	    3,662,205
							-------------	-------------
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		        7,921 		7,921
   Common stock, 250,000,000 shares authorized at
	par value of $0.001, 13,976,099 and
	10,376,099 shares issued and outstanding,
	respectively			 		       13,976 	       10,376
   Treasury stock, 35,000 shares			      (23,522)	      (23,522)
   Additional paid-in capital				   15,258,139 	   15,081,739
   Accumulated deficit			 		  (17,718,377)	  (17,299,290)
							-------------	-------------
	Total Stockholders' Equity (Deficit)		   (2,461,825)	   (2,222,738)
							-------------	-------------
	TOTAL LIABILITIES AND STOCKHOLDERS'
	EQUITY (DEFICIT)				$   1,339,330 	$   1,439,467
							=============	=============

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

<PAGE>		3

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VALCOM, INC.
Statements of Operations
(unaudited)

			 		       For the Three Months Ended
						      December 31,
					---------------------------------------
					      2007		      2006
					---------------		---------------
REVENUES			 	$	267,636		$	188,645
COST OF GOODS SOLD				      - 		      -
					---------------		---------------
GROSS MARGIN				 	267,636 		188,645

OPERATING EXPENSES

   Advertising and marketing			    541 		  5,852
   Depreciation expense			 	  6,335 		  6,335
   General and administrative			664,569 		487,991
					---------------		---------------
	Total Operating Expenses		671,445 		500,178
					---------------		---------------
LOSS FROM OPERATIONS			       (403,809)	       (311,533)
					---------------		---------------
OTHER INCOME (EXPENSE)

   Gain (loss) on sale of equipment		      - 		      -
   Interest expense				(15,278)		(65,830)
   Other income			 		      - 		      -
					---------------		---------------
TOTAL OTHER INCOME (EXPENSE)			(15,278)		(65,830)
					---------------		---------------
LOSS BEFORE INCOME TAXES		       (419,087)	       (377,363)
INCOME TAX EXPENSE				      - 		      -
					---------------		---------------
NET LOSS				$      (419,087)	$      (377,363)
					===============		===============
BASIC LOSS PER SHARE			$	  (0.03)	$	  (0.09)
					===============		===============
WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING			     12,176,099 	      4,276,557
					===============		===============


The accompanying notes are a integral part of these financials statements.
<PAGE>		4

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<S>	<C>	<C>


VALCOM, INC.
Statements of Stockholders' Equity (Deficit)
(unaudited)


				 Series B Preferred Stock	Series C Preferred Stock	Common Stock
				 ------------------------	------------------------	----------------------
				 Shares	    	   Amount	Shares	       	  Amount	Shares	        Amount
				 ------		   ------	----------	 -------	----------     -------
Balance, September 30, 2005	 38,000	  	   $   38	 9,267,416   	 $ 9,267	 4,265,603     $ 4,266

Common stock issued for
  cash				      - 		- 		 - 	       - 	   770,725 	   771

Common stock issued for
  services	 		      - 		- 		 - 	       - 	 2,561,283 	 2,561

Common stock issued for
  debt	 			      - 		- 		 - 	       - 	 2,711,200 	 2,711

Preferred stock conversion	      - 		-       (1,345,750)	  (1,346)	    67,288 	    67

Net loss for the year
  ended September 30, 2007	      - 		- 		 - 	       - 		 - 	     -
				 ------		   ------	----------	 -------	----------     -------
Balance, September 30, 2007	 38,000 	       38 	 7,921,666 	   7,921        10,376,099 	10,376

Common stock issued for
  services	 		      - 		- 		 - 	       - 	 3,600,000 	 3,600

Net loss for the three months
  ended December 31, 2007	      - 		- 		 - 	       - 		 - 	     -
				 ------		   ------	----------	 -------	----------     -------
Balance, December 31, 2007	 38,000 	   $   38 	 7,921,666 	 $ 7,921        13,976,099     $13,976
				 ======		   ======	==========	 =======	==========     =======



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

<PAGE>		5

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VALCOM, INC.
Statements of Stockholders' Equity (Deficit)
(unaudited)
(Continued)


												Total
	 						Additional				Stockholders'
					Treasury	Paid-In		Accumulated		Equity
					Stock		Capital		Deficit			(Deficit)
					---------	------------	-------------		------------
Balance, September 30, 2005	 	$ (23,522)	$ 14,097,995 	$ (15,293,188)		$ (1,205,144)

Common stock issued for
  cash		 				- 	     130,715 		    - 		     131,486

Common stock issued for
  services		 			- 	     185,447 		    - 		     188,008

Common stock issued for
  debt		 				- 	     666,303 		    - 		     669,014

Preferred stock conversion		 	- 	       1,279 		    - 			   -

Net loss for the year
  ended September 30, 2007		 	- 		   - 	   (2,006,102)		  (2,006,102)
					---------	------------	-------------		------------
Balance, September 30, 2007		  (23,522)	  15,081,739 	  (17,299,290)		  (2,222,738)

Common stock issued for
  services		 			- 	     176,400 		    - 		     180,000

Net loss for the three months
  ended December 31, 2007			- 		   - 	     (419,087)		    (419,087)
					---------	------------	-------------		------------
Balance, December 31, 2007	 	$ (23,522)	$ 15,258,139 	$ (17,718,377)		$ (2,461,825)
					=========	============	=============		============

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

<PAGE>		6


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VALCOM, INC.
Statements of Cash Flows
(unaudited)
				 			        For the Three Months Ended
									December 31,
								--------------------------
								    2007	    2006
								---------	----------
OPERATING ACTIVITIES

   Net loss							$(419,087)	$ (377,363)
   Adjustments to reconcile net loss to
    net cash used by operating activities:
	Depreciation expense			 		    6,335 	     6,335
	Common stock issued for services			  180,000 	    10,000
	Impairment of asset			 			- 		 -
   Changes in operating assets and liabilities
	(Increase) decrease in accounts receivable		   59,261 	   119,278
	(Increase) decrease in prepaid expenses			   30,503 	     1,208
	Increase (decrease) in accrued interest payable		   15,278 	    65,830
	Increase (decrease) in accounts payable			   58,672 	    49,515
	Increase (decrease) in deferred income			 	- 		 -
								---------	----------
	Net Cash Used in Operating Activities			  (69,038)	  (125,197)
								---------	----------
INVESTING ACTIVITIES

   Proceeds from sale of equipment				 	- 		 -
   Purchase of property and equipment				 	- 		 -
								---------	----------
	Net Cash Used in Investing Activities			 	- 		 -
								---------	----------
FINANCING ACTIVITIES

   Proceeds from preferred and common stock				- 	    38,203
   Proceeds from note payable 				 	   65,000 	    85,000
   Repayment of notes payable				 		- 		 -
								---------	----------
	Net Cash Provided by Financing Activities		   65,000 	   123,203
								---------	----------
	NET DECREASE IN CASH		   	 		   (4,038)	    (1,994)

	CASH AT BEGINNING OF YEAR		   	 	    5,926 	    71,612
								---------	----------
	CASH AT END OF YEAR					$   1,888 	$   69,618
								=========	==========
SUPPLEMENTAL DISCLOSURES OF
   CASH FLOW INFORMATION

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

   NON CASH FINANCING ACTIVITIES:
	Common stock issued for debt				$	- 	$   15,000


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

<PAGE>		7


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                                 VALCOM, INC.
                         (A Development Stage Company)
                       Notes to the 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 December 31, 2007 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,
2007  audited  financial statements.  The results of operations for the  period
ended December 31, 2007 are not necessarily indicative of the operating results
for the full years.

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.   The  Company  has  had  no  revenues and has generated losses  from
operations.

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 of 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  11,  2006,  the Company completed a 1 for 20 reverse split of its
common stock. The reverse stock  split is reflected in the financial statements
on a retroactive basis.


<PAGE>		8


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

The following discussion and analysis of our financial condition and results of
operations should  be  read  in  conjunction  with  our  consolidated financial
statements and related notes included elsewhere in this report.  References  in
this  section  to "ValCom, Inc.," the "Company," "we," "us," and "our" refer to
ValCom, Inc. and  our  direct and indirect subsidiaries on a consolidated basis
unless the context indicates otherwise.

This quarterly report contains  forward  looking  statements  relating  to  our
Company's  future  economic performance, plans and objectives of management for
future operations, projections  of  revenue  mix and other financial items that
are based on the beliefs of, as well as assumptions  made  by  and  information
currently  known  to,  our  management.  The words "expects, intends, believes,
anticipates, may, could, should" and similar expressions and variations thereof
are intended to identify forward-looking statements.  The cautionary statements
set  forth in this section are intended to emphasize that  actual  results  may
differ materially from those contained in any forward looking statement.

OVERVIEW

PLAN OF OPERATION

As of  December  31,  2007,  ValCom,  Inc.  operations  were  comprised of five
divisions.

1. Studio Division

2. Rental Division

3. Broadcast Television

4. Film and Television Production

5. Live Theater



1. STUDIO RENTAL-

ValCom's 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 and BET . ValCom's  Studio  Division is composed of its studio
at  2525  North  Naomi  Street,  Burbank, California  91504  which  is  leased.
Corporate offices are located at the  Burbank  Studios which houses a state-of-
the art production studio, broadcast facilities,  recording studios, production
design construction, animation and post-production.

2. RENTAL DIVISION

As part of the rental of sound stages and production  facilities,  Valcom rents
productions  equipment including cameras, lighting and grip packages  both  for
productions using its studio facilities and for location shoots.

<PAGE>		9

3. BROADCAST TELEVISION

Through our joint  venture  with New Global Communications, Inc., ValCom 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.

4. FILM AND TELEVISION PRODUCTION

In  addition  to  producing  our  own television and motion picture programing,
ValCom also owns a small library of  television  content,  which it distributes
through Valencia Entertainment International. It's television  series,  "A.J.'s
Time  Travelers',  a  40 episode  x one hour episode TV series was licensed  to
Porchlight International  for world-wide distribution in November 2007 and will
be launched at NAPTE in Las  Vegas  and  MIPTV  in France, the major television
markets for program sales in 2008.

5. LIVE THEATER

In  2006 ValCom, Inc. launched its  Live Theatre Division.  The  first  venture
will  undertaken  `Headlights  and  Tailpipes' opened at the Stardust Hotel and
Casino, Las Vegas in April 2006 and ran until July 2006. The company is did not
produce any further Live Theatre projects in the period to December 2007.


RESULTS OF OPERATIONS

THREE MONTHS ENDED DECEMBER 31, 2007 VS. DECEMBER 31, 2006

Revenues for the three months December  31,  2007  increased  by $78,991 or42 %
from $188,645 for the three months ended December 31, 2006 to $267,636  for the
same  period  in  2007.  The  increase in revenue was principally due to studio
rentals.

Production costs for the three  months  ended  December 31, 2007 were unchanged
from $0 for the three months ended December 31,  2006 to $0 for the same period
in 2007.

<PAGE>		10

Depreciation and amortization expense for the three  months  ended December 31,
2007 were unchanged from $6,335 for the three months ended December 31, 2006 to
$6,335 for the same period in 2007.

General  and  administrative expenses for the three months ended  December  31,
2007 increased  by  $176,578  or36  %  from $487,991 for the three months ended
December 31, 2006 to $664,569 for the same period in 2007. The increase was due
principally to professional fees.

Interest expense for the three months ended  December  31,  2007  decreased  by
$50,552  or77  %  from  $65,830 for the three months ended December 31, 2006 to
$15,278 for the same period  in  2007. The increase was due principally to debt
converted to equity in 2007.

Due to the factors described above, the Company's net loss increased by $41,724
from $377,363 for the three months  ended December 31, 2006 to $419,087 for the
same period in 2007.

FUTURE OUTLOOK

The WGA Writers Strike has created a  major level of uncertainty in film and TV
production sector and this will have an  adverse  effect on those, like Valcom,
who generate their major revenues from supplying studio and production services
and there is a lack of commitment to studio and equipment  rental  projects for
2008 until the outcome and length of the writers strike becomes clear..

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.

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 $419,087  and  a  negative cash flow from operations of $69,038 for
the three months ended December  31,  2007,  a  working  capital  deficiency of
$3,685,200  and  an  accumulated  deficit of $17,718,377 at December 31,  2007.
These  conditions  raise substantial  doubt  about  the  Company's  ability  to
continue as a going concern.

<PAGE>		11

Cash totaled $1,888 on December 31, 2007 compared to $69,618 as at December 31,
2006. During the three  months  ended  December  31,  2007,  net  cash  used by
operating  activities  totaled  $69,038  compared to net cash used by operating
activities of $125,197 for the comparable  three  -  month  period in 2006. Net
cash provided by financing activities for the three months ended  December  30,
2007 totaled $65,000 compared to $123,203 for the comparable three-month period
in 2006.

The above cash flow activities yielded a net cash decrease of $4,038 during the
three  months  ended  December 31, 2007 compared to a decrease of $1,994 during
the comparable prior year period.

Net working capital (current  assets less current liabilities) was a $3,685,200
as of December 31, 2007. 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.

<PAGE>		12

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 December 31, 2007. 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  December 31, 2007. 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  December  31,  2007  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

CHAPTER 11 BANKRUPTCY
ValCom filed a voluntary  chapter  11 bankruptcy petition on July 14st 2007 and
obtained the status of Debtor in Possession.   Valcom  had  in  initiated  suit
against  Chicago  Title  and The Laurus Master Fund in October 2005  because it
claimed that Laurus and Chicago Title had retained the $500,000 overage arising
out of the proceeding in 2003/4.  Subsequently, the trial court entered summary
judgment in favor of Chicago  Title  and  Laurus.   Valcom appealed, contending
that there were triable issues as to whether: (1) Valcom  suffered damages; (2)
Chicago Title and Laurus violated Civil Code sections 2924K,  2924d, and 2924h;
and  (3)  Chicago  Title  breached  its  duties  as  the  foreclosure  trustee.
Additionally, at the time that the trial court granted Summary Judgment against
Valcom,  the  trial  court awarded costs and attorney fees of $562,127.30,  and
Valcom argued in its appeal  that  Chicago  Title  was not entitled to attorney
fees, and the attorney fees awarded to Laurus were excessive.

<PAGE>		13

Prior to the filing of the Chapter 11 bankruptcy, Valcom  attempted to obtain a
stay  against  enforcement of the attorney fees and costs judgment  awarded  to
Chicago Title and  Laurus  pending  appeal.   Valcom was unable to prove to the
trial court's satisfaction that the value of Valcom's  assets was sufficient to
protect Chicago Title and Laurus' judgment.  The Court denied  Valcom's attempt
to use its property in lieu of a cash bond, and threatened with  enforcement of
the  judgment,  Valcom  had  no  choice but to file for the protection  of  the
bankruptcy court.

Valcom, through appeals counsel, filed  an  appeal,  and  oral  argument on the
appeal  occurred  December 17, 2007.  On February 13, 2008, subsequent  to  the
Debtor's status conference  in  bankruptcy  court, the Court of Appeals for the
Second Appellate District, Division Two, case number B193714, ruled in favor of
Valcom,  Inc. and the judgment of Laurus Master  Fund  and  Chicago  Title  for
$562,127.30 as an obligation of the Debtor.

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

POW! ENTERTAINMENT:

On August  23,  2007  Debtor  filed an Adversary action (AD07-01638-ER) against
POW! Entertainment and Stan Lee  individually  alleging  Rescission, Fraud, and
Money Had and Received.

On September 24, 2007 POW! Entertainment and Stan Lee filed a Counter-complaint
(AD07-01638-ER)  against Valcom, Inc., Vince Vellardita, and  Richard  Shintaku
alleging Fraud, Negligent Misrepresentation, Trademark Infringement, Common Law
Trademark Infringement, Violation of Common Law Right to Publicity, Intentional
Interference  with   Prospective   Economic   Advantage,   Unfair  Competition,
Declaratory Relief, Breach of Contract and Restitution.

On  or  about  October  18, 2007, the Status Conference in the Valcom  v.  POW!
Entertainment  et.  Al. adversary  action  came  on  for  hearing.   The  Court
consolidated the Discovery  Cut-off,  Pre-Trial,  and  Trial  Dates between the
Complaint and the Counter-complaint and selected April 30, 2008  for  Discovery
Cut-Off,  Pre-Trial  for May 15, 2008 and Trial scheduled for the week of  June
23, 2008.  The Court also ordered all parties to mediation.

As of May 22, 2008 the  parties  to  the  Valcom  v. POW! Entertainment et. Al.
litigation have settled their dispute.

<PAGE>		14

VALCOM, INC. V. JEFF KUTASH ET AL.,
Case number BC372527.  This matter was stayed by Debtor  filing Chapter 11, and
subsequently Defendant Jeff Kutash  filed Chapter 7 bankruptcy .

VALCOM, INC. V. TTL 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.  The matter was  stayed by Debtor's filing
of  bankruptcy  ValCom is in discussion and expects to settle  this  matter  by
agreement to the company's satisfaction.



LLOYD KURTZ

Pending   or  Threatened  Litigation,  Claims  and  Assessments  by  the  prior
contractor  for the renovations, at ValCom Studios in Nevada has been replaced.
Mr. Lloyd Kurtz  filed suit on October 25, 2004 against ValCom, Inc., A private
Nevada Corporation  which  is 80% owned by ValCom, Inc. a Delaware Corporation,
ValCom, Inc. a Delaware Corporation  and Vincent Vellardita. The suit alleges a
violation of Securities Act of 1933 and states that Mr. Kurtz purchased 600,000
shares of ValCom - Delaware at $0.25 per  share  and  that  the shares were not
registered. He claims he is owed an additional $303,000. Mr.  Kurtz has filed a
Mechanic's Lien for $303,000. A motion to dismiss the claim of  Mr.  Kurtz  has
been  filed.  If the corporation does not prevail on its Motions to Dismiss the
corporation will  file  its  full  defense  and  counterclaims which exceed the
amount claimed by Mr. Kurtz.

BONNIE NELSON

Ms.  Bonnie Nelson, a former ValCom employee and Director  filed  suit  against
ValCom,  Inc.  The  suit  alleges  a  breach  of  oral agreement and employment
contract.  ValCom,  Inc.  terminated  Ms. Nelson for cause  in  breach  of  her
employment agreement . ValCom has reached  agreement with Ms Nelson with regard
to this matter.


<PAGE>		15

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, 2007.

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

None.

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4 - SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

None.

ITEM 5 - OTHER INFORMATION


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.


<PAGE>		16

                                  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: October 16, 2008

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,     October 16, 2008
    ----------------------      Chairman  of  the  Board
    Vince  Vellardita

By: /s/ Richard Shintaku        Director                     October 16, 2008
    --------------------
    Richard  Shintaku

By: /s/ Frank O Donnell         Director                     October 16, 2008
    -------------------
    Frank O Donnell

<PAGE>		17