UNITED STATES

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C., 20549


                                   FORM 10-Q
				   ----------
                                   (Mark one)



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

                        Securities Exchange Act of 1934

                FOR THE FISCAL QUARTER ENDED JUNE 30, 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 1, 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 June 30, 2007 and  the  results  of their operations and
their  cash flows for the nine months ended June 30, 2007.  These  consolidated
financial  statements  include  the accounts of ValCom, Inc. and its subsidiary
companies (together "the Company").  Results for the nine months ended June 30,
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					  6

PART II - OTHER INFORMATION

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

SIGNATURES								  8





                                    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 June 30,
2007, and the related statements of operations, stockholders' equity (deficit),
and cash  flows  for the three-month and nine-month periods ended June 30, 2007
and June 30, 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 3, 2008



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

<PAGE>		F-1

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<CAPTION>

<S>	<C>		<C>



VALCOM, INC.
Balance Sheets

ASSETS

						    June 30,		  September 30,
						      2007		      2006
						  (unaudited)
						---------------		---------------
CURRENT ASSETS

   Cash						$	 56,232 	$	 71,612
   Accounts receivable, net				283,762 		196,249
						---------------		---------------
	Total Current Assets				339,994 		267,861
						---------------		---------------
FIXED ASSETS, net					107,695 		126,700
						---------------		---------------
OTHER ASSETS

   Deposits						158,853 		160,811
   Other assets					      1,000,000 	      1,000,000
						---------------		---------------
	Total Other Assets			      1,158,853 	       1,160,81
						---------------		---------------
	TOTAL ASSETS				$     1,606,542 	$     1,555,372
						===============		===============
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES

   Accounts payable and accrued expenses	$      758,075 		$	603,408
   Accrued interest payable			       161,533 			 68,172
   Due to related parties			     1,950,288 		      1,672,456
   Notes payable				       586,153 			416,480
						---------------		---------------
	Total Current Liabilities		     3,456,049 		      2,760,516

LONG-TERM LIABILITIES

   Notes payable			 		     - 			      -
						---------------		---------------
	Total Long-Term Liabilities			     - 			      -
						---------------		---------------
	TOTAL LIABILITIES		 	     3,456,049 		      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,
     4,541,806 and  4,265,603 shares
     issued and outstanding, respectively		  4,542 		  4,266
   Treasury stock, 35,000 shares		        (23,522)		(23,522)
   Additional paid-in capital			     15,070,158 	     14,097,995
   Accumulated deficit			 	    (16,909,990)	    (15,293,188)
						---------------		---------------
	Total Stockholders' Equity (Deficit)	     (1,849,507)	     (1,205,144)
						---------------		---------------
	TOTAL LIABILITIES AND STOCKHOLDERS'
	      EQUITY (DEFICIT)			$     1,606,542 	$     1,555,372
						===============		===============

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

</TABLE>

<PAGE>		F-2




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<S>	<C>		<C>
VALCOM, INC.
Statements of Operations
(unaudited)


			 	 For the Three Months Ended 	 For the Nine Months Ended
					   June 30,			  June 30,
				 --------------------------	---------------------------
				     2007	    2006	    2007	    2006
				 -----------	-----------	-----------	-----------

REVENUES			 $   487,376 	$   631,999 	$ 1,398,881 	$ 2,739,162
COST OF GOODS SOLD		      42,950 	    413,214 	     42,950 	  3,010,596
				 -----------	-----------	-----------	-----------
GROSS MARGIN			     444,426 	    218,785 	  1,355,931 	   (271,434)

OPERATING EXPENSES

   Advertising and marketing		 210 	    471,390 	      6,949 	    543,456
   Depreciation expense		       6,335 	      8,650 	     19,005 	     25,950
   General and administrative	   1,050,280 	    539,230 	  2,848,671 	  2,247,708
				 -----------	-----------	-----------	-----------
	Total Operating Expenses   1,056,825 	  1,019,270 	  2,874,625 	  2,817,114
				 -----------	-----------	-----------	-----------
LOSS FROM OPERATIONS		    (612,399)	   (800,485)	 (1,518,694)	 (3,088,548)
				 -----------	-----------	-----------	-----------
OTHER INCOME (EXPENSE)

   Other expense			   - 	   (360,745)		  - 	   (636,056)
   Interest expense		     (17,982)	    (18,523)	    (98,360)	    (49,911)
   Other income			 	  27 	    560,742 		252 	    598,061
				 -----------	-----------	-----------	-----------
TOTAL OTHER INCOME (EXPENSE)	     (17,955)	    181,474 	    (98,108)	    (87,906)
				 -----------	-----------	-----------	-----------
LOSS BEFORE INCOME TAXES	    (630,354)	   (619,011)	 (1,616,802)	 (3,176,454)
INCOME TAX EXPENSE			   - 		  - 		  - 		  -
				 -----------	-----------	-----------	-----------
NET LOSS			 $  (630,354)	$  (619,011)	$(1,616,802)	$(3,176,454)
				 ===========	===========	===========	===========
BASIC LOSS PER SHARE		 $     (0.14)	$     (0.21)	$     (0.37)	$     (1.19)
				 ===========	===========	===========	===========
WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING		   4,457,518 	  2,930,168 	  4,367,037 	  2,661,020
				 ===========	===========	===========	===========


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

</TABLE>

<PAGE>		F-3





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<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	 				     - 	   	       - 		- 	      - 	   44,033 	     44

Common stock issued for
  services	 			     - 	   	       - 		- 	      - 	   85,970 	     86

Common stock issued for
  debt	 				     - 	    	       - 		- 	      - 	  146,200 	    146

Preferred stock conversion	 	     - 	   	       - 		- 	      - 		- 	      -

Net loss for the nine months
  ended June 30, 2007	 		     - 	    	       - 		- 	      - 		- 	      -
					------		  ------	---------	-------		---------	-------
Balance, June 30, 2007	 		38,000 		  $   38 	9,267,416 	$ 9,267 	4,541,806 	$ 4,542
					======		  ======	=========	=======		=========	=======

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

</TABLE>

<PAGE>		F-4





<TABLE>
<CAPTION>

<S>	<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		 			  - 		     131,442 			    - 			 131,486

Common stock issued for
  services				  - 		     171,853 			    - 			 171,939

Common stock issued for
  debt		 			  - 		     668,868 			    - 			 669,014

Preferred stock conversion		  - 			   - 			    - 			       -

Net loss for the nine months
  ended June 30, 2007		 	  - 			   - 		   (1,616,802)		      (1,616,802)
				 ----------		------------		-------------		----------------
Balance, June 30, 2007	 	 $  (23,522)		$ 15,070,158 		$ (16,909,990)		$     (1,849,507)
				 ==========		============		=============		================


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

</TABLE>

<PAGE>		F-5





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<S>	<C>		<C>
VALCOM, INC.
Statements of Cash Flows
(unaudited)
				 				 For the Nine Months Ended
									  June 30,
								---------------------------
								    2007	    2006
								-----------	-----------
OPERATING ACTIVITIES

   Net loss							$(1,616,802)	$(3,176,454)
   Adjustments to reconcile net loss to
     net cash used by operating activities:
	Depreciation expense			 		     19,005 	     25,950
	Stock issued for services				    171,939 	    743,723
	Impairment of asset						  - 		  -
   Changes in operating assets and liabilities
	(Increase) decrease in accounts receivable		    (87,513)	    527,902
	(Increase) decrease in prepaid expenses			      1,958 	   (125,000)
	Increase (decrease) in accrued interest payable		     93,361 	     35,868
	Increase (decrease) in accounts payable			    666,681 	    (40,578)
	Increase (decrease) in deferred income			 	  - 		  -
								-----------	-----------
	Net Cash Used in Operating Activities			   (751,371)	 (2,008,589)
								-----------	-----------
 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			    131,486 	    956,500
   Proceeds from note payable 				 	    604,505 	  1,500,000
   Repayment of notes payable				 		  - 	   (562,068)
								-----------	-----------
	Net Cash Provided by Financing Activities		    735,991 	  1,894,432
								-----------	-----------
	NET DECREASE IN CASH		   	 		    (15,380)	   (158,599)

	CASH AT BEGINNING OF YEAR		   	 	     71,612 	    276,280
								-----------	-----------
	CASH AT END OF YEAR					$    56,232 	$   117,681
								===========	===========
SUPPLEMENTAL DISCLOSURES OF
   CASH FLOW INFORMATION

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

   NON CASH FINANCING ACTIVITIES:
	Common stock issued for debt				$   669,014 	$   390,311



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  June  30,  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 June 30, 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

PLAN OF OPERATION

As of June 30, 2007, 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, MTV, Warner Brothers, Universal
Studios, MGM, HBO, NBC, 20th Century Fox, Disney, CBS, Sony, Showtime, the  USA
Network  ,the  Game  Show  Network  Endemol and BET. 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.  In  May  2007,  Valcom  signed  an  agreement  for  the live
production  and broadcast of the interactive TV show `Take the Cake' with  Lock
and Key Productions  for  Endemol  and  BET.  The  show was broadcast live five
nights per week from the Valcom.

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."

<PAGE>		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 Palm Springs,California market.

LIVE THEATER

On February 9, 2006 ValCom,  Inc.  started  a  Live Theatre Division. The first
venture  is a theater production called 'Headlights  and  Tailpipes'  that will
was unveiled at  Las Vegas Stardust hotel and casino.. Valcom's Headlights  and
Tailpipes  opened at the Stardust Hotel and Casino, Las Vegas in April 2006 and
ran until July  2006.  It  is  planned  to bring the production to other cities
throughout the US.

RESULTS OF OPERATIONS - THREE MONTHS ENDED JUNE 30, 2006 VS. JUNE 30, 2007

Revenues for the three months June 30, 2007  decreased  by $144,613 or 23% from
$631,999  for  the three months ended June 30, 2006 to $487,376  for  the  same
period in 2006.  The  decrease  in  revenue  was  principally  due  to  reduced
television production.

Production costs for the three months ended June 30, 2007 decreased by $370,264
from $413,214 for the three months ended June 30, 2006 to $42,950 for the  same
period in 2007. The decrease in production costs was principally due to reduced
television productions.

Depreciation  and amortization expense for the three months ended June 30, 2007
decreased by $2,315  or27 % from $8,650for the three months ended June 30, 2006
to $6,335 for the same period in 2007.

General and administrative  expenses  for  the three months ended June 30, 2007
increased by $511,050 or 95 % from $539,230for  the three months ended June 30,
2006  to  $1,050,280  for  the  same  period  in  2006. The  increase  was  due
principally  to consulting and professional fees including  shares  issued  for
services.

<PAGE>		3

Interest expense  for the three months ended June 30, 2007 decreased by $541 or
3 % from $18,523 for  the  three  months ended June 30, 2006 to $17,982 for the
same period in 2007.

RESULTS OF OPERATIONS - NINE MONTHS ENDED JUNE 30, 2007 VS. JUNE 30, 2006

Revenues for the nine months June 30,  2007 increased by $1,340,281 or 49% from
$2,739,162 for the nine months ended June  30,  2006 to $1,398,881 for the same
period  in  2006.  The  decrease  in  revenue was principally  due  to  reduced
television productions.

Production  costs  for  the  nine  months ended  June  30,  2007  decreased  by
$2,967,646 from $3,010,695 for the six  months  ended March 31, 2006 to $42,950
for the same period in 2007. The increase in production  costs  was principally
due to reduced television productions.

Depreciation and amortization expense for the nine months ended June  30,  2007
decreased by $6,945 or27 % from $25,950 for the nine months ended June 30, 2006
to $19,005 for the same period in 2007.

General  and  administrative  expenses  for the nine months ended June 30, 2007
increased by $600,963 or 27 % from $2,247,708  for  the  nine months ended June
30,  2006  to  $2,848,671  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 nine months ended June 30, 2007 increased by  $48,449
or 97 % from $49,911 for the nine months ended June 30, 2006 to $98,360 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
$1,559,652 from  $3,176,454  for  the  nine  months  ended  June  30,  2006  to
$1,616,802 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 $1,616,802 and a negative cash flow from operations of $751,371 for
the nine months ended June 30, 2007, a working capital deficiency of $3,116,055
and an accumulated deficit of  $16,909,990  at  June 30, 2007. These conditions
raise substantial doubt about the Company's ability  to  continue  as  a  going
concern.

<PAGE>		4

Cash  totaled  $56,232 on June 30, 2007compared to $83,536 as at June 30, 2006.
During  the six months  ended  June  30,  2007,  net  cash  used  by  operating
activities  totaled  $751,371 compared to net cash used in operating activities
of $2,008,589 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 nine
months  ended  June  30, 2007 totaled $735,991 compared to $1,894,432  for  the
comparable nine-month period in 2006.

The above cash flow activities  yielded  a  net cash decrease of $15,380 during
the nine months ended June 30, 2007 compared  to  a decrease of $158,599 during
the comparable prior year period.

Net working capital (current assets less current liabilities)  was  a  negative
$3,116,055  as  of  June 30, 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.

SUBSEQUENT EVENTS

In July 2007, Valcom filed for Chapter 11 Bankruptcy and  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

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

N/A

<PAGE>		5


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 June 30, 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  June  30,  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  June  30,  2007  that has materially affected, or is reasonably
likely to materially affect, the Company's  internal  controls  over  financial
reporting.

<PAGE>		6
                          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

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

     10.1  Production  Facility Agreement dated February 2, 2007 between Valcom
     Burbank Studios and  Twelve Yard Holdings, Inc. (incorporated by reference
     to the Company's Current  Report  on Form 8-K as filed with the Securities
     and Exchange Commission on June 1, 2007).

     10.2  Production Facility Agreement  dated  May  8,  2007  between  Valcom
     Burbank Studios and Lock and Key Productions (incorporated by reference to
     the Company's  Current Report on Form 8-K as filed with the Securities and
     Exchange Commission on June 1, 2007).

     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>		7


                                  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 7, 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 7, 2008
    ----------------------      Chairman  of  the  Board
    Vince  Vellardita

By: /s/ Richard Shintaku        Director                     October 7, 2008
    --------------------
    Richard  Shintaku

By: /s/ Frank O Donnell         Director                     October 7, 2008
    -------------------
    Frank O Donnell

<PAGE>		8