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, 2006

                        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 September 11, 2008 the issuer had 22,774,349  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, 2006 and the results of their operations
and their cash flows for  the  three  months  ended  December  31,  2006. 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, 2006, are not necessarily  indicative  of  the  operations,
which may  occur  during  the  year  ending  September  30,  2006. Refer to the
Company's Annual Report on Form 10- KSB for the year ended September  30,  2006
for further information.

                                 VALCOM, INC.

                                   FORM 10-Q

                                                                          Page
PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements						  F-1
Item 2.  Management's Discussion and Analysis or Plan of Operation	  2
Item 3.  Quantitative and Qualitative Market Risk			  4
Item 4.  Controls and Procedures					  5

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings						  6
Item 1A. Risk Factors							  6
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds	  6
Item 3.  Defaults Upon Senior Securities				  6
Item 4.  Submission of Matters to a Vote of Security Holders		  7
Item 5.  Other Information						  8
Item 6.  Exhibits							  9

SIGNATURES





















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, 2006,  and  the  related  statements  of  operations,  stockholders' equity
(deficit),  and  cash flows for the three months ended December  31,  2006  and
December 31, 2005. These interim financial statements are the responsibility of
the Corporation's management.

We conduct 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 balance  sheet  of ValCom, Inc.
as  of  September 30, 2006, and the related statements of income, stockholders'
equity and  cash  flows  for the year then ended (not presented herein); and in
our report dated September 18, 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,
2006 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
September 25, 2008



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


<PAGE>		F-1

<TABLE>
<CAPTION>

<S>				<C>				<C>

 VALCOM, INC.

ASSETS

							  December 31,		 September 30,
							     2006		     2006
			 				  (unaudited)
							--------------		--------------
CURRENT ASSETS

   Cash							$	69,618		$	71,612
   Accounts receivable, net	 	          		76,971 		       196,249
							--------------		--------------
	Total Current Assets	 	        	       146,589 		       267,861
							--------------		--------------
FIXED ASSETS, net	 	       		 	       120,365 		       126,700
							--------------		--------------
OTHER ASSETS

   Deposits		       			 	       159,603 		       160,811
   Other assets	 	     				     1,000,000 		     1,000,000
							--------------		--------------
	Total Other Assets	 	    		     1,159,603 		     1,160,811
							--------------		--------------
	TOTAL ASSETS					$    1,426,557 		$    1,555,372
							==============		==============

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

   Accounts payable and accrued expenses		$      637,923 		$      603,408
   Accrued interest payable		       		       134,002 			68,172
   Due to related parties		     		     1,672,456 		     1,672,456
   Notes payable	 	        		       501,480 		       416,480
							--------------		--------------
	Total Current Liabilities	 	     	     2,945,861 		     2,760,516
							--------------		--------------
LONG-TERM LIABILITIES

   Notes payable	 	                  	 	     - 		 	     -
							--------------		--------------
	Total Long-Term Liabilities	 	                     - 		 	     -
							--------------		--------------
	TOTAL LIABILITIES	 	     		     2,945,861 		     2,760,516
							--------------		--------------
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,
	9,267,416 shares issued and outstanding		         9,267 			 9,267
   Common stock, 250,000,000 shares authorized
	at par value of $0.001, 4,287,510 and
	4,265,603 shares issued and outstanding,
	respectively		           		 	 4,288 			 4,266
   Treasury stock, 35,000 shares		               (23,522)		       (23,522)
   Additional paid-in capital		    		    14,161,176 		    14,097,995
   Accumulated deficit	 	   			   (15,670,551)		   (15,293,188)
							--------------		--------------
	Total Stockholders' Equity (Deficit)	 	    (1,519,304)		    (1,205,144)
							--------------		--------------
	TOTAL LIABILITIES AND STOCKHOLDERS'
		  EQUITY (DEFICIT)			$    1,426,557 	   	$    1,555,372
							==============		==============

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

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

</TABLE>

<PAGE>		F-2



<TABLE>
<CAPTION>

<S>			<C>			<C>

      VALCOM, INC.
STATEMENTS OF OPERATIONS
      (UNAUDITED)





			 			For the Three Months Ended
					  		December 31,
					-----------------------------------------
					      2006		       2005
					---------------		-----------------

REVENUES	 			$	188,645		$	1,801,409
COST OF GOODS SOLD	 	                      - 		1,712,514
					---------------		-----------------
GROSS MARGIN		          		188,645 		   88,895
					---------------		-----------------
OPERATING EXPENSES

   Advertising and marketing		          5,852 		   63,908
   Depreciation expense		                  6,335 		    8,650
   General and administrative	 	        487,991 		  369,677

	Total Operating Expenses	 	500,178 		  442,235
					---------------		-----------------
LOSS FROM OPERATIONS	 	               (311,533)		 (353,340)
					---------------		-----------------
OTHER INCOME (EXPENSE)

   Gain (loss) on sale of equipment		      - 			-
   Interest expense		           	(65,830)		  (15,694)
   Other income	 	                     	      - 		   12,141
					---------------		-----------------
TOTAL OTHER INCOME (EXPENSE)	 	        (65,830)		   (3,553)
					---------------		-----------------
NET LOSS				$      (377,363)	$	 (356,893)
					===============		=================
BASIC LOSS PER SHARE			$	  (0.09)	$	    (0.17)
					===============		=================
WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING	 		      4,276,557 		2,122,724
					===============		=================



</TABLE>

   THE ACCOMPANYING NOTES ARE A INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

<PAGE>		F-3


<TABLE>
<CAPTION>

<S>				<C>			<C>




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

					Series B Preferred Stock	Series C Preferred Stock	     Common Stock
					Shares		Amount		Shares		Amount		Shares		Amount
					------		------		---------	-------		---------	-------


Balance, September 30, 2005  		38,000    	$   38   	6,517,416       $ 6,517   	2,094,186       $ 2,094

Preferred stock issued for
  services                           	     -      	     -		4,000,000         4,000                 -             -

Common stock issued for
  services                           	     -		     -              	-             - 	  336,729           337

Common stock issued for
  debt                               	     -     	     -              	-             -		1,697,425         1,698

Preferred stock conversion           	     -      	     -	       (1,250,000)       (1,250)     	  137,263           137

Net loss for the year
  ended September 30, 2006           	     -      	     -             	-             -             	-             -
					------		------		---------	-------		---------	-------
Balance, September 30, 2006  		38,000      	    38   	9,267,416         9,267   	4,265,603         4,266

Common stock issued for
  cash                               	     -      	     -              	-             -      	    5,707             6

Common stock issued for
  services                           	     -      	     -              	-             -      	    5,000             5

Common stock issued for
  debt                               	     -      	     -              	-             -    	   11,200            11

Preferred stock conversion           	     -      	     -             	-             -             	-             -

Net loss for the three months
  ended December 31, 2006            	     -      	     -              	-             -             	-             -
					------		------		---------	-------		---------	-------
Balance, December 31, 2006   		38,000    	$   38   	9,267,416       $ 9,267   	4,287,510       $ 4,288
					======		======		=========	=======		=========	=======
</TABLE>



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



<PAGE>		F-4





<TABLE>
<CAPTION>

<S>		<C>			<C>




                                 VALCOM, INC.
             Statements of Stockholders' Equity (Deficit) (Con't)

												Total
		 					Additional				Stockholders'
					Treasury	Paid-In		Accumulated		Equity
					Stock		Capital		Deficit			(Deficit)
					-----------	------------	-------------		-------------


Balance, September 30, 2005   		$       (35)	$ 10,571,125	$ (10,345,350)		$     234,389

Preferred stock issued for
  services                                	  -          196,000                -       	      200,000

Common stock issued for
  services                                	  -          605,029                -       	      605,366

Common stock issued for
  debt                                    	  -        2,611,572                -    	    2,613,270

Preferred stock conversion      	    (23,487)         114,269                -       	       89,669

Net loss for the year
  ended September 30, 2006                	  -                -       (4,947,838)       	   (4,947,838)
					-----------	------------	-------------		-------------
Balance, September 30, 2006     	    (23,522)      14,097,995      (15,293,188)        	   (1,205,144)

Common stock issued for
  cash                                    	  -           38,197                -        	       38,203

Common stock issued for
  services                                	  -            9,995                -        	       10,000

Common stock issued for
  debt                                    	  -           14,989                -        	       15,000

Preferred stock conversion                	  -                -                -                 	    -

Net loss for the three months
  ended December 31, 2006                 	  -                -         (377,363)         	     (377,363)
					-----------	------------	-------------		-------------
Balance, December 31, 2006    		$   (23,522)	$ 14,161,176    $ (15,670,551)      	$  (1,519,304)
					===========	============	=============		=============
</TABLE>


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



<PAGE>		F-5






<TABLE>
<CAPTION>

<S>		<C>			<C>

      VALCOM, INC.
STATEMENTS OF CASH FLOWS
      (UNAUDITED)

				 				    For the Three Months Ended
									  December 31,
							------------------------------------------------
							      2006			       2005
							----------------		----------------
OPERATING ACTIVITIES

   Net loss						$	(377,363)		$	(356,893)
   Adjustments to reconcile net loss to
     net cash used by operating activities:
	Depreciation expense		          		   6,335 			   8,650
	Common stock issued for services		          10,000 			  67,419
	Impairment of asset		                 	       - 			       -
   Changes in operating assets and liabilities
	(Increase) decrease in accounts receivable		 119,278 			(517,293)
	(Increase) decrease in prepaid expenses		           1,208 			 (25,000)
	Increase (decrease) in accrued interest payable	          65,830 			  15,694
	Increase (decrease) in accounts payable		          49,515 			  15,505
	Increase (decrease) in deferred income			       -			       -
							----------------		----------------
	  Net Cash Used in Operating Activities	 	        (125,197)		 	(791,918)
							----------------		----------------
INVESTING ACTIVITIES

   Proceeds from sale of equipment		                       - 			       -
   Purchase of property and equipment	 	                       - 		 	 (20,068)
							----------------		----------------
	  Net Cash Used in Investing Activities	 	               - 		 	 (20,068)
							----------------		----------------
FINANCING ACTIVITIES

   Proceeds from preferred and common stock		          38,203 			 248,000
   Proceeds from note payable 		        		  85,000 			 361,086
   Repayment of notes payable	 	                 	       - 		 	 (68,693)
							----------------		----------------
	  Net Cash Provided by Financing Activities	 	 123,203 		 	 540,393

	NET DECREASE IN CASH	   	         		  (1,994)	   	   	(271,593)
							----------------		----------------
	CASH AT BEGINNING OF YEAR	   	        	  71,612 		   	 276,280
							----------------		----------------
	CASH AT END OF YEAR				$	  69,618 		$	   4,687
							================		================
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.

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE FINANCIAL STATEMENTS.

</TABLE>

<PAGE>		F-6


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



                                 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, 2006  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 CityCityUnited 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, 2006 audited financial statements. The results of operations for the period
    ended December 31, 2006 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.

</TABLE>

<PAGE>		F-7


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,  2006,  ValCom,  Inc.  operations  were comprised of five
divisions.



STUDIO RENTAL

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  in addition to Paramount Pictures and Don
Belisarious  Productions,  include Sony Pictures,  Warner  Brothers,  Universal
Studios, MGM, HBO, NBC, 20th  Century Fox, Disney, CBS, Sony, Showtime, and the
USA Network. In addition to leasing  its  sound  stages,  ValCom  also  owns  a
library  of  television  content, which is ready for worldwide distribution and
several major television series  in  advanced  stages  of development. ValCom's
Studio Division is composed of two properties: 920 South  Commerce, CityCityLas
Vegas and CityCity2625 North Naomi Street, CityBurbank, giving  ValCom  a total
of 9 sound stages and a recording studio. Corporate offices are located at  the
Commerce   Studios   and  both  facilities  offer   state-of-the art production
studio,   broadcast   facilities,   recording   studios,   production    design
construction, animation and post-production.

FILM PRODUCTION DIVISION

In  addition  to  producing  our own television and motion picture programming,
ValCom Inc. entered into a production  agreement  with  entertainment  industry
billion  dollar  producer  Jeff  Franklin  who  also  joins  ValCom's Strategic
Advisory  Board.  CityCityFranklin  has  brought  in  more  than $2 billion  in
domestic  box  office  sales  and  with  the  addition of the film division.Mr.
CityFranklin  is one of producers of the theatrical  feature,  "CityCityCasper"
and is executive  producer  on  "Kull, The Conqueror," "Cold Around The Heart,"
"Stuart Little," and "Stuart Little 2."

<PAGE>		2

ANIMATION

October 1, 2003, we formed New Zoo  Revue  LLC  pursuant  to  a  joint  venture
agreement  with O Atlas Enterprises Inc.,a CityCityCalifornia corporation.  New
Zoo Revue LLC  was formed for the development and production of "New Zoo Revue"
a feature film and television series and marketing of existing episodes. ValCom
shall contribute  all  funding  required  for the development of the above to a
maximum of $1,000,000 and O Atlas shall contribute  an  exclusive ten (10) year
worldwide  license  in  and to all rights, music and characters  as  its  equal
contribution towards Capital.  The net profit after all expenses will be shared
equally by ValCom Inc. and O Atlas.  In  2004,  New  Zoo  Review  LLC signed an
exclusive  distribution  agreement  with  BCI Eclipse for distribution  of  the
existing  New Zoo shows on DVD. Valcom has not  realized  significant  revenues
from animation to date.

CHANNEL 8 IN PALM SPRINGS, CALIFORNIA

In connection  with  our joint venture with New Global Communications, Inc., we
own a 45% equity interest  in  ValCom Broadcasting, LLC, a CityNew York limited
liability company, which operates  KVPS  (Channel 8), an independent television
broadcaster in the CityCityPalm Springs, CityCalifornia market.

LIVE THEATER

On February 9, 2006 ValCom, Inc. named Jeff  Kutash  as President of their Live
Theatre  Division.  The  first  venture  Kutash  will undertake  is  a  theater
production called 'Headlights and Tailpipes' that  will  be unveiled at a major
CityCityLas Vegas hotel and casino. In heading up this division, Kutash will be
responsible  for developing and directing new productions and  live  theatrical
events throughout  the  world.  Kutash's  experience  in  the field of theatre,
television  and  film  create  a  vast  knowledge  of the entertainment  field.
Valcom's  Headlights  and Tailpipes opened at the Stardust  Hotel  and  Casino,
CityCityLas Vegas in April 2006 and ran until July 2006.

RESULTS OF OPERATIONS

THREE MONTHS ENDED December 31, 2006 VS. December 31, 2005

Revenues for the three  months December 31, 2006 decreased by $1,612,764 or 90%
from $1,801,409 for the three  months  ended  December 31, 2005 to $188,645 for
the  same  period  in  2006. The decrease in revenue  was  principally  due  to
declining production revenues.

Production costs for the  three  months  ended  December  31, 2006 decreased by
$1,712,514 from $1,712,514 for the three months ended December 31, 2005 to $-0-
for the same period in 2006. The increase in production costs  was  principally
due to declining productions.

Depreciation  and amortization expense for the three months ended December  31,
2006 decreased by $2,315 or 27% from $8,650 for the three months ended December
31, 2005 to $6,335 for the same period in 2006.

<PAGE>		3

General and administrative  expenses  for  the  three months ended December 31,
2006  increased by $118,314 or 32% from $369,677 for  the  three  months  ended
December  31, 2005 to $487,991for the same period in 2006. The increase was due
principally to consulting and professional fees.

Interest expense  for  the  three  months  ended December 31, 2006 increased by
$50,136 or 319% from $15,694 for the three months  ended  December  31, 2005 to
$65,830  for  the  same  period  in  2006. The increase was due principally  to
related party loans.

Due to the factors described above, the Company's net loss increased by $20.470
from $356,893 for the three months ended  December 31, 2005 to $377,363 for the
same period in 2006.

FUTURE OUTLOOK

During September 2007, 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 $377,363 and a negative cash flow  from  operations of $125,197 for
the  three  months  ended  December 31, 2006, a working capital  deficiency  of
$2,799,272 and an accumulated  deficit  of  $15,670,511  at  December 31, 2006.
These  conditions  raise  substantial  doubt  about  the  Company's ability  to
continue as a going concern.

Cash totaled $69,618on December 31, 2006 compared to $4,687  as at December 31,
2005.  During  the  three  months  ended  December 31, 2006, net cash  used  by
operating activities totaled $125,197compared  to  net  cash  used by operating
activities of $791,918 for the comparable three - month period  in  2005.   Net
cash  provided  by financing activities for the three months ended December 30,
2006 totaled $123,203compared to $540,393 for the comparable three-month period
in 2005.

The above cash flow  activities yielded a net cash decrease of $1,994during the
three months ended December  31, 2006 compared to a decrease of $271,593 during
the comparable prior year period.

Net  working  capital  (current  assets   less   current   liabilities)  was  a
$(2,799,972)as  of  December  31,  2006. 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

<PAGE>		4

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  ("CEO") and Chief
Financial  Officer  ("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,  2006.  Based upon  that
evaluation, the Company's CEO and 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 and 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  2006
Quarter ended December 31, 2006.  Based on that evaluation, the Company's Chief
Executive Officer and Chief Financial Officer concluded that no change occurred
in the Company's internal  controls  over  financial  reporting during the 2006
Quarter ended December 31, 2006 that has materially affected,  or is reasonably
likely  to  materially  affect, the Company's internal controls over  financial
reporting.

<PAGE>		5








                          PART II--OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is involved from  time to time in legal proceedings incident to the
normal course of business. Management believes that the ultimate outcome of any
pending or threatened litigation  would  not  have a material adverse effect on
the Company's consolidated financial position,  results  of  operations or cash
flows.

ITEM 1A. RISK FACTORS


There  have  been  no material changes from the Risk Factors described  in  our
Annual Report on Form 10-KSB for the fiscal year ended September 30, 2006.


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


Beginning October 1,  2006  until  December  31,  2006,  the Company sold 5,707
shares  of  common stock at $6.69 per share (post split) in  private  placement
transactions  for  an  aggregate  purchase  price  of $38,203.  The shares were
exempted from registration pursuant to Rule 506 of Regulation.


ITEM 3 - DEFAULTS UPON SENIOR SECURITIES


None.

<PAGE>		6

ITEM 4 - SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS


On November 20, 2006, the Company held its Annual Meeting  of  Stock holders to
(1) elect 3 members to the Board of Directors; (2) authorize the  amendment  of
the  Certificate  of  Incorporation  to  (a)  increase the Company's authorized
shares of common stock from 100,000,000 to 250,000,000  shares and (b) increase
the  authorized  shares  of  "blank check" preferred stock from  10,000,000  to
25,000,000 shares; and (3) to  authorize  the  Board  of Directors to amend the
Certificate of Incorporation to effect a reverse stock  split of the issued and
outstanding  shares of Common Stock at a ratio of either one-for-two,  one-for-
five, one-for-ten  or  one-for-twenty,  as  determined at the discretion of the
Board of Directors (the "Actions").


The directors who were elected at the Annual  Meeting  were  Vince  Vellardita,
Richard Shintaku and Ian Adlington.  No other directors continued their term of
office  as  director  after  the meeting.  The number of votes in favor of  the
Actions were:61,146,661 (67%0.   The number of shares voted against the Actions
were 0.  The number of abstentions and broker non-votes were 0.


ITEM 5 - OTHER INFORMATION


On December 11, 2006, the Company  amended  its Certificate of Incorporation to
effect a reverse stock split of the issued and outstanding shares of its Common
Stock at a ratio of one-for-twenty.

<PAGE>		7

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-KSB for the
year ending September 30, 2006.


<PAGE>		8


                                  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:  September 30, 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,     September 30, 2008
    ----------------------      Chairman  of  the  Board
    Vince  Vellardita

By: /s/ Richard Shintaku        Director                     September 30, 2008
    --------------------
    Richard  Shintaku

By: /s/ Frank O Donnell         Director                     September 30, 2008
    -------------------
    Frank O Donnell

<PAGE>		9