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, 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 September _25th_, 2008 the issuer had _22,774,369 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, 2007 and  the  results of their operations and
their cash flows for the three months ended March  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  March
31, 2007, 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			5
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		6
Item 5.  Other Information						6
Item 6.  Exhibits							6

SIGNATURES								7









                                    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 March 31,
2007, and the related statements of operations, stockholders' equity (deficit),
and  cash  flows for the three-month and six-month periods ended March 31, 2007
and March 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,  2006,  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 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
October 1, 2008



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


<PAGE>	F-1

<TABLE>
<CAPTION>

	<c>		<c>

VALCOM, INC.
Balance Sheets

ASSETS

							   March 31,		 September 30,
							      2007		     2006
							  (unaudited)
							--------------		--------------
CURRENT ASSETS

   Cash							$	37,898		$	71,612
   Accounts receivable, net			 	       260,603 		       196,249

	Total Current Assets		 		       298,501 		       267,861
							--------------		--------------
FIXED ASSETS, net				 	       114,030 		       126,700
							--------------		--------------
OTHER ASSETS

   Deposits			 			       159,553 		       160,811
   Other assets			 			     1,000,000 		     1,000,000
							--------------		--------------
	Total Other Assets		 		     1,159,553 		     1,160,811
							--------------		--------------
	TOTAL ASSETS					$    1,572,084 		$    1,555,372
							==============		==============
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

   Accounts payable and accrued expenses		$      766,916 		$      603,408
   Accrued interest payable			 	       148,551 		        68,172
   Due to related parties			 	     1,587,456 		     1,672,456
   Notes payable			 		       641,480 		       416,480
							--------------		--------------
	Total Current Liabilities		 	     3,144,403 		     2,760,516
							--------------		--------------
LONG-TERM LIABILITIES

   Notes payable			 			     - 			     -
							--------------		--------------
	Total Long-Term Liabilities		 		     - 			     -
							--------------		--------------
	TOTAL LIABILITIES		 		     3,144,403 		     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, 100,000,000 shares authorized
      at par value of $0.001, 4,373,230 and
      4,265,603 shares issued and outstanding,
      respectively			 			 4,373 			 4,266
   Treasury stock, 35,000 shares			       (23,522)		       (23,522)
   Additional paid-in capital				    14,717,161 		    14,097,995
   Accumulated deficit			 		   (16,279,636)		   (15,293,188)
							--------------		--------------
	Total Stockholders' Equity (Deficit)		    (1,572,319)		    (1,205,144)
							--------------		--------------
	TOTAL LIABILITIES AND STOCKHOLDERS'
	   EQUITY (DEFICIT)				$    1,572,084 		$    1,555,372
							==============		==============



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

</TABLE>

<PAGE>	F-2




<TABLE>
<CAPTION>

	<c>		<c>

VALCOM, INC.
Statement of Operations
(unaudited)


			 		 For the Three Months Ended 	  For the Six Months Ended
						  March 31,			  March 31,
					---------------------------	---------------------------
					    2007	    2006	    2007	    2006
					-----------	-----------	-----------	-----------

REVENUES			 	$   722,860	$   305,754	$   911,505	$ 2,107,163
COST OF GOODS SOLD				  - 	    884,868 		  - 	  2,597,382
					-----------	-----------	-----------	-----------
GROSS MARGIN				    722,860 	   (579,114)	    911,505 	   (490,219)

OPERATING EXPENSES

   Advertising and marketing			887 	      8,158 	      6,739	     72,066
   Depreciation expense			      6,335 	      8,650 	     12,670 	     17,300
   General and administrative		  1,310,400 	  1,338,801 	  1,798,391 	  1,708,478
					-----------	-----------	-----------	-----------
	Total Operating Expenses	  1,317,622 	  1,355,609 	  1,817,800 	  1,797,844
					-----------	-----------	-----------	-----------
LOSS FROM OPERATIONS			   (594,762)	 (1,934,723)	   (906,295)	 (2,288,063)
					-----------	-----------	-----------	-----------
OTHER INCOME (EXPENSE)

   Gain (loss) on sale of equipment		  - 	   (275,311)		  - 	   (275,311)
   Interest expense			    (14,548)	    (15,694)	    (80,378)	    (31,388)
   Other income			 		225 	     25,178 		225 	     37,319
					-----------	-----------	-----------	-----------
TOTAL OTHER INCOME (EXPENSE)		    (14,323)	   (265,827)	    (80,153)	   (269,380)
					-----------	-----------	-----------	-----------
LOSS BEFORE INCOME TAXES		   (609,085)	 (2,200,550)	   (986,448)	 (2,557,443)
INCOME TAX EXPENSE				  - 		  - 		  - 		  -
					-----------	-----------	-----------	-----------
NET LOSS				$  (609,085)	$(2,200,550)	$  (986,448)	$(2,557,443)
					===========	===========	===========	===========
BASIC LOSS PER SHARE			$     (0.14)	$     (1.04)	$     (0.23)	$     (1.20)
					===========	===========	===========	===========
WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING			  4,319,417 	  2,122,724 	  4,308,781 	  2,122,724
					===========	===========	===========	===========






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

</TABLE>

<PAGE>	F-3


<TABLE>
<CAPTION>

	<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	 				     - 	    	 - 		- 	       - 	   11,533 	      11

Common stock issued for
  services	 			     - 	    	 - 		-	       - 	   34,894 	      35

Common stock issued for
  debt	 				     -      	 -		-	       - 	   61,200	      61

Preferred stock conversion	 	     - 	    	 - 		- 	       - 		- 	       -

Net loss for the six months
  ended March 31, 2007	 		     -	    	 -		-	       - 		- 	       -
				  ------------ -----------	---------	--------	---------	--------
Balance, March 31, 2007	 		38,000 $  	38 	9,267,416 	$  9,267 	4,373,230	$  4,373
				  ============ ===========	=========	========	=========	========


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

</TABLE>

<PAGE>	F-4

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<CAPTION>

	<c>		<c>

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

										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		 			  - 	      66,475 		   - 		 66,486

Common stock issued for
  services		 		  - 	      69,752 		   - 		 69,787

Common stock issued for
  debt		 			  - 	     482,939 		   - 		483,000

Preferred stock conversion		  - 		   - 		   - 		      -

Net loss for the six months
  ended March 31, 2007		 	  - 		   - 	    (986,448)	       (986,448)
				-----------	------------	------------	---------------
Balance, March 31, 2007	 	$   (23,522)	$ 14,717,161 	$(16,279,636)	$    (1,572,319)
				===========	============	============	===============

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

</TABLE>

<PAGE>	F-5


<TABLE>
<CAPTION>

	<c>		<c>


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

   Net loss							$     (986,448)		$    (2,557,443)
   Adjustments to reconcile net loss to
     net cash used by operating activities:
	Depreciation expense			 			12,670 			 17,300
	Stock issued for services			 		69,787 			740,708
	Impairment of asset			 			     - 			      -
	Changes in operating assets and liabilities
	(Increase) decrease in accounts receivable		       (64,354)		       (517,720)
	(Increase) decrease in prepaid expenses			 	 1,258 			(25,000)
	Increase (decrease) in accrued interest payable			80,379 			 17,345
	Increase (decrease) in accounts payable			       561,508 			633,919
	Increase (decrease) in deferred income			 	     - 			      -
								--------------		---------------
	Net Cash Used in Operating Activities			      (325,200)		     (1,690,891)
								--------------		---------------
 INVESTING ACTIVITIES

   Proceeds from sale of equipment				 	     - 			      -
   Purchase of property and equipment				 	     - 			(44,442)
								--------------		---------------
	Net Cash Used in Investing Activities			 	     - 			(44,442)
								--------------		---------------
FINANCING ACTIVITIES

   Proceeds from preferred and common stock				66,486 			198,000
   Proceeds from note payable 					       225,000 		      1,500,000
   Repayment of notes payable				 		     - 		       (155,411)
								--------------		---------------
	Net Cash Provided by Financing Activities		       291,486 	      	      1,542,589
								--------------		---------------
	NET DECREASE IN CASH		   	 		       (33,714)		       (192,744)

	CASH AT BEGINNING OF YEAR		   	 		71,612	 		276,280
								--------------		---------------
	CASH AT END OF YEAR					$	37,898 		$	 83,536
								==============		===============
SUPPLEMENTAL DISCLOSURES OF
   CASH FLOW INFORMATION

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

   NON CASH FINANCING ACTIVITIES:
	Common stock issued for debt				$     482,939 		$ 	275,311



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

</TABLE>

<PAGE>	F-6




                                 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  March  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,
2006  audited  financial  statements.  The results of operations for the period
ended March 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>	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

The Company is a diversified entertainment company with the following operating
activities:

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, MTV, Warner Brothers, Universal
Studios, MGM, HBO, NBC, 20th Century Fox, Disney, CBS, Sony, Showtime, the  USA
Network  and  the  Game  Show 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 studios located at  2625
North  Naomi Street, Burbank, giving  ValCom  a  total  of  2  sound  stages  ,
recording  studio  and post production facilities and where the company decided
to concentrate its production  operations. Corporate offices are at the Burbank
Studios   and   the   facility  offers   state-of-the  art  production  studio,
broadcast  facilities,  recording  studios,   production  design  construction,
animation and post-production.


<PAGE>		2

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. Franklin has  brought  in  more than $2 billion in domestic box
office sales and with the addition of the film  division.Mr. Franklin is one of
producers  of the theatrical feature, "Casper" and  is  executive  producer  on
"Kull, The Conqueror,"  "Cold  Around  The Heart," "Stuart Little," and "Stuart
Little 2."

ANIMATION

October  1, 2003, we formed New Zoo Revue  LLC  pursuant  to  a  joint  venture
agreement with O Atlas Enterprises Inc.,a California 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  New  York  limited
liability  company,  which operates KVPS (Channel 8), an independent television
broadcaster in the Palm Springs, California 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
Las  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, Las
Vegas in April 2006 and ran until July 2006

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

Revenues for the three months March 31, 2007 increased by $417,106 or 136% from
$305,754  for the three months ended March 31, 2006 to $722,860  for  the  same
period in 2006. The increase in revenue was principally due to growth in rental
revenues.

Production  costs  for  the  three  months  ended  March  31, 2007 decreased by
$884,868 from $884,868 for the three months ended March 31,  2006  to  $-0- for
the  same period in 2007. The decrease in production costs was principally  due
to reduced television productions.


<PAGE>		3

Depreciation and amortization expense for the three months ended March 31, 2007
decreased by $2,315 or27 % from $8,650for the three months ended March 31, 2006
to $6,335 for the same period in 2007.

General  and  administrative expenses for the three months ended March 31, 2007
decreased by $28,401 or 2 % from $1,338,801for the three months ended March 31,
2006 to $1,310,40 for the same period in 2006. The increase was due principally
to consulting and professional fees including shares issued for services.

Interest expense  for the three months ended March 31, 2007 decreased by $1,146
or 7 % from $15,694  for  the  three months ended March 31, 2006 to $14,548 for
the same period in 2007.

SIX MONTHS ENDED MARCH 31, 2006 VS. MARCH 31, 2005

Revenues for the six months March  31, 2007 decreased by $1,195,658 or 57% from
$2,107,163 for the six months ended  March  31,  2006  to $911,505 for the same
period  in  2006.  The  decrease  in  revenue was principally  due  to  reduced
television productions.

Production  costs  for  the  six  months ended  March  31,  2007  decreased  by
$2,597,382 from $2,597,382 for the  six months ended March 31, 2006 to $-0- for
the same period in 2007. The increase  in  production costs was principally due
to reduced television productions.

Depreciation and amortization expense for the  six  months ended March 31, 2007
decreased by $4,630 or27 % from $17,300 for the six months ended March 31, 2006
to $12,670 for the same period in 2007.

General and administrative expenses for the six months  ended  March  31,  2007
increased  by $89,913 or 5 % from $1,708,478 for the six months ended March 31,
2006  to $1,798,391  for  the  same  period  in  2006.  The  increase  was  due
principally  to  consulting  and  professional fees including shares issued for
services.

Interest expense for the six months  ended  March 31, 2007 increased by $48,990
or 156 % from $31,388 for the six months ended  March  31,  2006 to $80,378 for
the same period in 2007. The increase was due principally to  increased related
party debt.

Due  to  the  factors  described  above,  the  Company's net loss decreased  by
$1,570,995 from $2,557,443 for the six months ended  March 31, 2006 to $986,448
for the same period in 2007.

FUTURE OUTLOOK

During August 2008, the Company emerged from bankruptcy. The Company is seeking
new business opportunities and to reestablish itself in the television and film
production industry.

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 $986,448 and a negative cash flow from operations of $325,200 for
the six months ended March 31, 2007, a working capital deficiency of $2,845,902
and an accumulated  deficit  of $16,279,636 at March 31, 2007. These conditions
raise substantial doubt about  the  Company's  ability  to  continue as a going
concern.

<PAGE>		4

Cash totaled $37,898 on March 31, 2007compared to $71,612 as  at  September 30,
2006.  During  the six months ended March 31, 2007, net cash used by  operating
activities totaled  $325,200  compared to net cash used in operating activities
of  $1,690,891 for the comparable  six-month  period  in  2006.  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, 2007 totaled $291,486 compared to $1,542,589 for the comparable
six-month period in 2006.

The above cash  flow  activities  yielded a net cash decrease of $33,714 during
the six months ended March 31, 2007  compared  to a decrease of $192,744 during
the comparable prior year period.

Net working capital (current assets less current  liabilities)  was  a negative
$2,845,902  as of March 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.

     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 March 31, 2007.  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 2007
Quarter  ended  March 31, 2007.  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 2007
Quarter ended March 31, 2007 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 March  31, 2007, the Company sold 44,033 shares
of  common  stock  at  $2.99  per  share  (post  split)  in  private  placement
transactions for an aggregate purchase price  of  $131,486.   The  shares  were
exempted from registration pursuant to Rule 506 of Regulation


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-KSB for the
year ending September 30, 2006.




<PAGE>		6






                                  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 3, 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 3, 2008
    ----------------------      Chairman  of  the  Board
    Vince  Vellardita

By: /s/ Richard Shintaku        Director                     October 3, 2008
    --------------------
    Richard  Shintaku

By: /s/ Frank O Donnell         Director                     October 3, 2008
    -------------------
    Frank O Donnell



<PAGE>		7