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, 2008

                        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 16th, 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 June 30, 2008 and the results of their operations  and
their cash flows for  the  nine  months ended June 30, 2008. 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,
2008, are not necessarily indicative of the operations, which  may occur during
the  year  ending September 30, 2007. Refer to the Company's Annual  Report  on
Form 10- K for the year ended September 30, 2007 for further information.

                                 VALCOM, INC.

                                   FORM 10-Q


                                                                          Page
PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements						  2
Item 2.  Management's Discussion and Analysis or Plan of Operation	  9
Item 3.  Quantitative and Qualitative Market Risk			  13
Item 4.  Controls and Procedures					  13

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings						  14
Item 1A. Risk Factors							  16
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds	  16
Item 3.  Defaults Upon Senior Securities				  16
Item 4.  Submission of Matters to a Vote of Security Holders		  16
Item 5.  Other Information						  16
Item 6.  Exhibits							  16

SIGNATURES								  17



                                    PART I

FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS
MOORE & ASSOCIATES, CHARTERED
ACCOUNTANTS AND ADVISORS
PCAOB REGISTERED



            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


TO THE BOARD OF DIRECTORS
VALCOM, INC.


We have reviewed the accompanying consolidated balance sheet of ValCom, Inc. as
of  June  30,  2008,  and  the  related  consolidated statements of operations,
stockholders' equity (deficit), and cash flows  for  the  three-month and nine-
month periods ended June 30, 2008 and 2007. These interim financial  statements
are the responsibility of the Corporation's management.

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

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

We have previously  audited, in accordance with standards of the Public Company
Accounting Oversight  Board  (United States), the balance sheet of ValCom, Inc.
as  of  September  30,  2007,  and   the   related  statements  of  operations,
stockholders' equity (deficit) and cash flows  for  the  year  then  ended (not
presented  herein);  and  in our report dated October 8, 2008, we expressed  an
unqualified  opinion  with  a   going  concern  paragraph  on  those  financial
statements.  In our opinion, the information  set  forth  in  the  accompanying
balance sheet  as  of  September  30,  2007  is  fairly stated, in all material
respects, in relations to the balance sheet from which it has been derived.


/S/ MOORE & ASSOCIATES, CHARTERED
---------------------------------
Moore & Associates, Chartered
Las Vegas, Nevada
October 21, 2008



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


<PAGE>		2

<TABLE>
<CAPTION>
<S>		<C>	 <C>
                                                           VALCOM, INC.
                                                          Balance Sheets
                                                              ASSETS

                                                                                     June 30,    September 30,
                                                                                       2008           2007
                                                                                   (unaudited)
										 -------------- --------------
CURRENT ASSETS

   Cash                                                                          $      122,773 $        5,926
   Accounts receivable, net                                                              72,855        173,328
   Prepaid expense                                                                       57,159              -
										 -------------- --------------
      Total Current Assets          							252,787        179,254
										 -------------- --------------
FIXED ASSETS, net                                                                        82,355        101,360
										 -------------- --------------
OTHER ASSETS
   Deposits                                                                             216,682        158,853
   Other assets                                                                       1,000,000      1,000,000
										 -------------- --------------
      Total Other Assets           						      1,216,682      1,158,853
										 -------------- --------------
      TOTAL ASSETS            							 $    1,551,824 $    1,439,467
										 ============== ==============
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT
LIABILITIES

   Accounts payable and accrued expenses                                         $      829,258 $      906,974
   Accrued interest payable                                                             209,624        163,790
   Deferred income                                                                      265,000              -
   Due to related parties                                                             1,968,388      1,950,288
   Notes payable                                                                        691,153        641,153
										 -------------- --------------
      Total Current Liabilities                					      3,963,423      3,662,205
										 -------------- --------------
LONG-TERM LIABILITIES
   Notes payable                                                                              -              -
										 -------------- --------------
      Total Long-Term Liabilities                     					      -              -
										 -------------- --------------
      TOTAL LIABILITIES            						      3,963,423      3,662,205
										 -------------- --------------
STOCKHOLDERS'
EQUITY (DEFICIT)

   Series B Preferred stock, 1,000,000 shares
     authorized at par value of $0.001, 38,000
     shares issued and outstanding                                       		     38             38
   Series C Preferred stock, 25,000,000 shares
     authorized at par value of $0.001, 7,921,666
     shares issued and outstanding                                  			  7,921          7,921
   Common stock, 250,000,000 shares authorized at
     par value of $0.001, 16,181,099 and
     10,376,099 shares issued and outstanding,
     respectively                                               			 16,181         10,376
   Treasury stock, 35,000 shares                                                        (23,522)       (23,522)
   Additional paid-in capital                                                        15,388,234     15,081,739
   Accumulated deficit								    (17,800,451)   (17,299,290)
										 -------------- --------------
      Total Stockholders' Equity (Deficit)        				     (2,411,599)    (2,222,738)
										 -------------- --------------
      TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)      							 $    1,551,824 $    1,439,467
										 ============== ==============


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

</TABLE>

<PAGE>		3


<TABLE>
<CAPTION>

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




                                                              For the Three Months Ended    For the Nine Months Ended
                                                                       June 30,                     June 30,
                                                                2008            2007         2008             2007
							    ------------    ------------ ------------	 -------------

REVENUES                                                    $    190,961    $    487,376 $    839,918    $   1,398,881
COST OF GOODS SOLD                                                   230          42,950        1,453           42,950
							    ------------    ------------ ------------	 -------------
GROSS MARGIN                                                     190,731         444,426      838,465        1,355,931

OPERATING EXPENSES

Advertising and marketing                              		     906             210        2,219            6,949
Depreciation expense                        			   6,335           6,335       19,005           19,005
General and administrative                              	 309,420       1,050,280    1,272,568        2,848,671
							    ------------    ------------ ------------	 -------------
   Total Operating Expenses              			 316,661       1,056,825    1,293,792        2,874,625
							    ------------    ------------ ------------	 -------------
LOSS FROM OPERATIONS                                            (125,930)       (612,399)    (455,327)	    (1,518,694)
							    ------------    ------------ ------------	 -------------
OTHER INCOME (EXPENSE)

Gain (loss) on sale of equipment                          	       -               -            -                -
Interest expense                         			 (15,278)        (17,982)     (45,834)         (98,360)
Other income                                    		       -              27            -              252
							    ------------    ------------ ------------	 -------------
TOTAL OTHER INCOME (EXPENSE)                                     (15,278)        (17,955)     (45,834)         (98,108)
							    ------------    ------------ ------------	 -------------
INCOME (LOSS) BEFORE INCOME TAXES                               (141,208)       (630,354)    (501,161)	    (1,616,802)
INCOME TAX EXPENSE                                                     -               -            -                -
							    ------------    ------------ ------------	 -------------
NET INCOME (LOSS)                                           $   (141,208)   $   (630,354)$   (501,161)   $  (1,616,802)
							    ============    ============ ============    =============

BASIC INCOME (LOSS) PER SHARE                               $      (0.01)   $      (0.14)$      (0.04)   $       (0.37)
							    ============    ============ ============    =============
WEIGHTED AVERAGE NUMBER
  OF SHARES OUTSTANDING                                       15,078,599       4,457,518   13,627,349        4,367,037
							    ============    ============ ============    =============



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

</TABLE>

<PAGE>		4

<TABLE>
<CAPTION>
<S>		<C>		<C>
                                                                  VALCOM, INC.
                                                  Statements of Stockholders' Equity (Deficit)
                                                                   (unaudited)






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

Balance, September 30, 2005	 	38,000 		  $   38 	9,267,416 	  $9,267 	 4,265,603     $ 4,266

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

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

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

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

Net loss for the year
  ended September 30, 2007	 	     - 		       - 		- 	       - 		 - 	     -
					------		  ------	---------	  ------	----------     -------
Balance, September 30, 2007	 	38,000 		      38	7,921,666 	   7,921        10,376,099 	10,376
					------		  ------	---------	  ------	----------     -------
Common stock issued for
  services	 			     - 		       - 		- 	       - 	 5,805,000 	 5,805

Net loss for the nine months
  ended June 30, 2008	 		     - 		       - 		- 	       - 		 - 	     -
					------		  ------	---------	  ------	----------     -------
Balance, June 30, 2008	 		38,000 		  $   38 	7,921,666 	  $7,921 	16,181,099     $16,181
					======		  ======	=========	  ======	==========     =======








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

</TABLE>


<PAGE>		5

<TABLE>
<CAPTION>
<S>		<C>		<C>
                                                                  VALCOM, INC.
                                                  Statements of Stockholders' Equity (Deficit)
                                                                   (unaudited)
								   (Continued)


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

Balance, September 30, 2005	 	$ (23,522)	$ 14,097,995 		$(15,293,188)		$ (1,205,144)

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

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

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

Preferred stock conversion		 	- 	       1,279 			   - 			   -

Net loss for the year
  ended September 30, 2007		 	- 		   - 		  (2,006,102)		  (2,006,102)
					---------	------------		------------		------------

Balance, September 30, 2007		  (23,522)	  15,081,739 		 (17,299,290)		  (2,222,738)

Common stock issued for
  services		 			- 	     306,495 			   - 		     312,300

Net loss for the nine months
  ended June 30, 2008		 		- 		   - 		    (501,161)		    (501,161)
					---------	------------		------------		------------

Balance, June 30, 2008	 		$ (23,522)	$ 15,388,234 		$(17,800,451)		$ (2,411,599)
					=========	============		============		============




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

</TABLE>


<PAGE>		6


<TABLE>
<CAPTION>

<S>			<C>			<C>

                                                         VALCOM, INC.
                                                   Statements of Cash Flows
                                                          (unaudited)
                                                                          For the Nine Months Ended
                                                                                   June 30,
                                                                             2008            2007
									 ----------	------------
OPERATING ACTIVITIES

Net loss                                                                 $ (501,161)	$ (1,616,802)

Adjustments to reconcile net loss
  to net cash used by operating
  activities:
     Depreciation expense                        			     19,005           19,005
     Common stock issued for services           			    312,300          171,939
     Impairment of asset                              				  -                -
Changes in operating assets and liabilities
     (Increase) decrease in accounts receivable            		    100,473          (87,513)
     (Increase) decrease in prepaid expenses                                  1,958         (114,988)
     Increase (decrease) in accrued interest payable             	     45,834           93,361
     Increase (decrease) in accounts payable          			    (77,716)         666,681
     Increase (decrease) in deferred income     			    265,000                -
									 ----------	------------
     Net Cash Used in Operating Activities       			     48,747         (751,371)
									 ----------	------------
INVESTING ACTIVITIES

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

     Proceeds from preferred and common stock                                     -          131,486
     Proceeds from note payable                                              68,100          604,505
     Repayment of notes payable                                                   -                -
									 ----------	------------
     Net Cash Provided by Financing Activities            		     68,100          735,991
									 ----------	------------
     NET DECREASE IN CASH                       			    116,847          (15,380)
     CASH AT BEGINNING OF YEAR                    			      5,926           71,612
									 ----------	------------
     CASH AT END OF YEAR                    				 $  122,773     $     56,232
									 ==========	============
SUPPLEMENTAL DISCLOSURES OF
CASH FLOW INFORMATION

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

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

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

</TABLE>

<PAGE>		7




                                 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,  2008  and for all
periods presented have been made.

Certain  information  and  footnote  disclosures normally included in financial
statements prepared in accordance with accounting principles generally accepted
in the United States of America have been condensed or omitted. It is suggested
that these condensed financial statements  be  read  in  conjunction  with  the
financial  statements and notes thereto included in the Company's September 30,
2007 audited  financial  statements.   The results of operations for the period
ended June 30, 2008 are not necessarily indicative of the operating results for
the full years.

NOTE 2 - GOING CONCERN

The  Company's  financial  statements  are prepared  using  generally  accepted
accounting  principles applicable to a going  concern  which  contemplates  the
realization of  assets  and  liquidation of liabilities in the normal course of
business.  The Company has had  no  revenues  and  has  generated  losses  from
operations.

In  order  to  continue  as  a  going concern and achieve a profitable level of
operations,  the Company will need,  among  other  things,  additional  capital
resources and  to  develop a consistent source of revenues.  Management's plans
include of investing  in  and developing all types of businesses related to the
entertainment industry.

The ability of the Company to continue as a going concern is dependent upon its
ability  to  successfully  accomplish  the  plan  described  in  the  preceding
paragraph  and  eventually  attain  profitable  operations.   The  accompanying
financial statements do not include  any adjustments that might be necessary if
the Company is unable to continue as a going concern.

NOTE 3 - SIGNIFICANT EVENTS

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



<PAGE>		8



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

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

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

OVERVIEW

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


As of June, 2008, ValCom, Inc. operations were comprised of five divisions.


1. Studio Division


2. Rental Division


3. Broadcast Television


4. Film and Television Production


5. Live Theater


1. STUDIO RENTAL


ValCom's  revenue  is primarily generated through the lease of the sound stages
and production. ValCom's  past  and present clients include Paramount Pictures,
Don Belisarious Productions, Warner Brothers, Universal Studios, MGM, HBO, NBC,
20th Century Fox, Disney, CBS, Sony,  Showtime,  the USA Network, the Game Show
Network, Endemol and BET. In January 2008, ValCom  opened its Florida office at
2113A  Gulf  Blvd., Indian Rock Beach, Florida and is  finalizing  arrangements
regarding studio facilities in Clearwater, Florida..

<PAGE>		9

2. RENTAL DIVISION


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


3. BROADCAST TELEVISION


Through our joint venture with New Global Communications,  Inc.,  ValCom owns a
45%  equity interest in ValCom Broadcasting, LLC, a New York limited  liability
company, which operates KVPS (Channel 8), an independent television broadcaster
in the  Palm  Springs,  California  market. Valcom has not realized significant
revenues from this joint venture to date.


4. FILM AND TELEVISION PRODUCTION


In addition to producing our own television  and  motion  picture  programming,
ValCom  also  owns  a small library of television content, which it distributes
through Valencia Entertainment  International.  It's television series, "A.J.'s
Time Travelers', a 40 episode  x one hour episode  TV  series  was  licensed to
Porchlight International for world-wide distribution in November 2007.


5. LIVE THEATER


In  2006  ValCom,  Inc.  launched  its Live Theatre Division. The first venture
undertaken was `Headlights and Tailpipes'  which  opened  at the Stardust Hotel
and Casino, Las Vegas in April 2006 and ran until July 2006. The company is did
not produce any further Live Theatre projects in the period to June 2008.


<PAGE>		10


RESULTS OF OPERATIONS - THREE MONTHS ENDED JUNE 30, 2008 VS. JUNE 30, 2007

Revenues for the three months June 30, 2008 decreased by $296,415  or  61% from
$487,376  for  the  three  months  ended  June 30, 2007 to $190,961for the same
period in 2008. The decrease in revenue was  principally  due to a reduction in
studio rentals.

Production  costs  for  the  three  months ended June 30, 2008 decreased  by  $
42,720from $42,950 for the three months  ended  June  30,  2007 to $230 for the
same  period in 2008. The decrease in production costs was principally  due  to
reduction in studio rental activity.

Depreciation  and amortization expense for the three months ended June 30, 2008
was unchanged at  $6,335  for the three months ended June 30, 2007 for the same
period in 2008.

General and administrative  expenses  for  the three months ended June 30, 2008
decreased by $740,860 or 71 % from $1,050,280  for  the three months ended June
30,  2007  to  $  309,420  for the same period in 2008. The  decrease  was  due
principally to less activity  and  careful  control of costs.  Interest expense
for the three months ended June 30, 2008 decreased  by  $2,704  or  16  %  from
$17,982 for the three months ended June 30, 2007 to $15,278 for the same period
in 2008.

RESULTS OF OPERATIONS - NINE MONTHS ENDED JUNE 30, 2008 VS. JUNE 30, 2007

Revenues  for  the nine months June 30, 2008 decreased by $ 558,963 or 40% from
$1,398,881 for the  nine  months  ended  June 30, 2007 to $839,918 for the same
period in 2008. The decrease in revenue was  principally  due to a reduction in
studio rentals..

Production costs for the nine months ended June 30, 2008 decreased  by  $41,497
from  $42,950  for  the nine months ended June 30,, 2007 to $1,453 for the same
period in 2008. The decrease in production costs was principally due to reduced
studio rental activity.

Depreciation and amortization  expense  for the nine months ended June 30, 2008
was unchanged at $19,005 for the nine months ended June 30, 2007 as same period
in 2008.

<PAGE>		11

General and administrative expenses for the  nine  months  ended  June 30, 2008
decreased by $1,576,103 or 56 % from $2,848,671 for the nine months  ended June
30,  2007  to  $1,272,568  for  the  same  period in 2008. The decrease was due
principally to reduced studio rental activity.

Interest expense for the nine months ended June  30,  2008 decreased by $52,274
or 53% from $98,360 for the nine months ended June 30,  2007  to $45,834for the
same  period  in  2008.  The  decrease was due principally to the reduction  of
interest on notes payable.

Due  to  the factors described above,  the  Company's  net  loss  decreased  by
$1,115,641  from $1,616,802 for the nine months ended June 30, 2007 to $501,161
for the same period in 2008.

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 $501,161and a cash flow from operations  of  $48,747for  the  nine
months  ended  June 30, 2008, a working capital deficiency of $3,710,636 and an
accumulated deficit  of  $17,800,451  at  June 30, 2008. These conditions raise
substantial doubt about the Company's ability to continue as a going concern.

Cash totaled $122,773 on June 30, 2008 compared  to  $  56,232  as  at June 30,
2007.  During  the  nine months ended June 30, 2008, net cash used by operating
activities totaled $  48,747  compared to net cash used in operating activities
of  $ 751,371 for the comparable  nine-month  period  in  2007.  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,  2008  totaled  $68,100compared  to  $735,991for   the
comparable nine-month period in 2007.

The  above  cash flow activities yielded a net cash increase of $116,847 during
the nine months  ended  June  30, 2008 compared to a decrease of $15,380 during
the comparable prior period in 2007.

Net working capital (current assets  less  current  liabilities) was a negative
$3,710,636 as of June 30, 2008. 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

<PAGE>		12

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

N/A

ITEM 4. CONTROLS AND PROCEDURES.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Our  management  is  responsible for establishing and maintaining a  system  of
disclosure controls and  procedures  (as  defined  in  Rule 13a-15(e) under the
Exchange  Act)  that  is  designed to ensure that information  required  to  be
disclosed by the Company in  the  reports  that  we  file  or  submit under the
Exchange Act is recorded, processed, summarized and reported, within  the  time
specified  in  the  Commission's  rules  and  forms.  Disclosure  controls  and
procedures  include,  without  limitation,  controls and procedures designed to
ensure that information required to be disclosed  by  an  issuer in the reports
that it files or submits under the Exchange Act is accumulated and communicated
to  the  issuer's  management,  including  its principal executive  officer  or
officers and principal financial officer or  officers,  or  persons  performing
similar functions, as appropriate to allow timely decisions regarding  required
disclosure.

Pursuant  to Rule 13a-15(b) under the Exchange Act, the Company carried out  an
evaluation  with the participation of the Company's management, including Vince
Vellardita, the  Company's  Chief Executive Officer and Chief Financial Officer
("CEO/CFO"), of the effectiveness  of  the  Company's  disclosure  controls and
procedures (as defined under Rule 13a-15(e) under the Exchange Act)  as  of the
three months ended June 30, 2008. Based upon that evaluation, the Company's CEO
/CFO  concluded  that  the Company's disclosure controls and procedures are not
effective to ensure that information required to be disclosed by the Company in
the reports that the Company  files  or  submits  under  the  Exchange  Act, is
recorded, processed, summarized and reported, within the time periods specified
in  the  SEC's  rules  and  forms, and that such information is accumulated and
communicated to the Company's  management, including the Company's CEO /CFO, as
appropriate, to allow timely decisions regarding required disclosure.

CHANGES IN INTERNAL CONTROLS

Our management, with the participation  the  Principal  Executive  Officer  and
Principal  Accounting Officer, performed an evaluation as to whether any change
in our internal  controls  over  financial  reporting  occurred during the 2008
Quarter  ended June 30, 2008. Based on that evaluation, the  Company's  CEO/CFO
concluded  that  no  change  occurred  in  the Company's internal controls over
financial  reporting during the 2008 Quarter  ended  June  30,  2008  that  has
materially  affected,  or  is  reasonably  likely  to  materially  affect,  the
Company's internal controls over financial reporting.

<PAGE>		13

                          PART II--OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

CHAPTER 11 BANKRUPTCY

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



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

Valcom, through appeals counsel, filed an appeal,  and  oral  argument  on  the
appeal occurred December 17, 2007.



  On  February  13,  2008,  subsequent  to  the  Debtor's  status conference in
bankruptcy  court,  the  Court  of  Appeals for the Second Appellate  District,
Division Two, case number B193714, ruled  in  favor  of  Valcom,  Inc.  and the
judgment  of  Laurus  Master  Fund  and  Chicago  Title  for  $562,127.30 as an
obligation of the Debtor.

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


<PAGE>		14

POW! ENTERTAINMENT:

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

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

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

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

VALCOM, INC. V. JEFF KUTASH ET AL.,

Case number BC372527.   This matter was stayed by Debtor filing Chapter 11, and
subsequently Defendant Jeff  Kutash filed Chapter 7 bankruptcy.


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


Case  number  SC094099.  This matter involves  breach  of  contract  and  fraud
against the Defendants  for $380,000.  The matter was stayed by Debtor's filing
of bankruptcy and ValCom  is in discussion and expects to settle this matter by
agreement to the company's satisfaction.


LLOYD KURTZ


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

<PAGE>		15

In July 2007, The Court  conducted  a de novo report of the case and determined
that the Report should be accepted and  adopted.  On  July 26th 2007, the Court
scheduled a status conference  and notice was sent to the  Parties.  Kurtz  did
not  attend  and  as  he  had  been without counsel for over a year and had not
responded to the court's order to  retained  counsel and inasmuch as Valcom did
not  wish  to  proceed  with  the counterclaim, all  claims  and  counterclaims
asserted in this action were dismissed on 29th August 2007.


BONNIE NELSON


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




ITEM 1A. RISK FACTORS

N/A

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

NONE

ITEM 3 - DEFAULTS UPON SENIOR SECURITIES

NONE

ITEM 4 - SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS

NONE

ITEM 5 - OTHER INFORMATION

ITEM 6 - EXHIBITS.

(A) Exhibits

31.1  Certification  by  Chief  Executive Officer and Chief  Financial  Officer
pursuant to Section 302 of Sarbanes Oxley Act of 2002.

32.1  Certification of Chief Executive  Officer  and  Chief  Financial  Officer
Pursuant to 18 U.S.C. Section 1350.

The Company  incorporates  by  reference  all exhibits to its Form 10-K for the
year ending September 30, 2007.


<PAGE>		16

                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

Dated: October 21, 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 21, 2008
    ----------------------      Chairman  of  the  Board
    Vince  Vellardita

By: /s/ Richard Shintaku        Director                     October 21, 2008
    ------------------
    Richard  Shintaku

By: /s/ Frank O Donnell         Director                     October 21, 2008
    -------------------
    Frank O Donnell


<PAGE>		17