In conjunction with trading suspension, the Securities and Exchange Commission (SEC) also instituted a public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Valcom, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and/or 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in the proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Valcom, Inc. announced that the company's My Family TV network will soon be carried in the San Antonio, TX market. My Family TV signed an affiliation agreement with KAXX-TV 35 and will launch this quarter on KAXX-TV's 35.2 digital channel.

On August 23, 2012, the Board of Directors of ValCom, Inc. had voted to consider and evaluate potential strategic options to sell certain ValCom assets. Following the review of various options, the Board of Directors decided that an asset sale would help the company to reduce substantial company debt. ValCom has begun discussions with several parties to understand the possibility of a potential sale. Tim Harrington, Chief Executive Officer of ValCom, said, "After having thoroughly reviewed the various options open to move the company forward, the Board of Directors and I have come to the conclusion that it may be in the best interests of the company to monetize certain assets, and that such an option warrants further evaluation. In an effort to do this expeditiously, ValCom staff and consultants have been engaged in the refining and registration of copyrights held in our library of songs and movies. Unfortunately, much time and work has gone into unraveling the books, records and assets of ValCom which were in disarray when received by us following the dismissal of former management. However, we have made good progress in the past 5 months and are moving forward in evaluating those opportunities most appropriate for ValCom at this stage and with a view towards the future of the company."