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CALIFORNIA | LOCAL
July 25, 2000
SBI Communications of Glendale said it has signed a letter of intent to acquire Valencia Entertainment International, an entertainment conglomerate with holdings in television production, motion pictures, sports, the Internet and real estate. SBI Communications is a marketing, Internet media, and entertainment company focused on building, operating and managing business-to-business companies.
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CALIFORNIA | LOCAL
December 5, 2000
SBI Communications Inc. / Valencia Entertainment in Valencia has signed a letter of intent to buy all outstanding shares of Half-Day Video Inc. Half-Day Video in Burbank rents television and film equipment to the entertainment industry. The company owns 30 acres of land and 250,000 square feet of commercial buildings, including 10 production sound stages. Valencia Entertainment is an entertainment company that includes television and motion picture production. Its clients include Warner Bros.
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CALIFORNIA | LOCAL
August 29, 2000
SBI Communications Inc. of Glendale has agreed to acquire Valencia Entertainment International. Under the terms of the merger, Valencia will become a wholly owned subsidiary of SBI and the principals of Valencia will receive a majority interest in SBI common stock. Valencia is a vertically integrated entertainment conglomerate that includes television production, motion picture production, sports, Internet and real estate holdings. The company has a 120,000-square-foot facility in Valencia.
CALIFORNIA | LOCAL
November 14, 2000
SBI Communications Inc. of Glendale said it has agreed to acquire Valencia Entertainment International of Valencia for $35 million. The new company will be known as Valcom Inc.
CALIFORNIA | LOCAL
December 5, 2000
SBI Communications Inc. / Valencia Entertainment in Valencia has signed a letter of intent to buy all outstanding shares of Half-Day Video Inc. Half-Day Video in Burbank rents television and film equipment to the entertainment industry. The company owns 30 acres of land and 250,000 square feet of commercial buildings, including 10 production sound stages. Valencia Entertainment is an entertainment company that includes television and motion picture production. Its clients include Warner Bros.
CALIFORNIA | LOCAL
July 25, 2000
Sitestar Corp. of Encino said that it is in talks with SBI Communications Inc. to sell its E-commerce assets to SBI for stock. Sitestar said that the proposed deal is a part of its strategy of consolidating Internet service providers in the secondary and tertiary markets of the mid-Atlantic region. Sitestar is a diversified Internet holding company with a presence in E-commerce, value-added content, ISP and Portal / Community.
CALIFORNIA | LOCAL
January 2, 2001
Valencia Entertainment/SBI Communications Inc. has purchased Half-Day Video Inc. of Burbank for $1.3 million in cash and stock. The acquisition also will give Valencia 30 acres of land on both coasts and over 250,000 square feet of commercial buildings, including 10 film and television production sound stages. Valencia Entertainment is a conglomerate that includes television production for network and syndicate, motion pictures, sports, Internet and real estate holdings.
BUSINESS
July 14, 2000 | David Kesmodel
Glendale-based SBI Communications Inc. said it signed an agreement with Iceberg Industries Corp. to market the Canadian company's bottled water, which comes from melted icebergs. The deal is limited to the United States. St. John's, Newfoundland-based Iceberg Industries uses tugboats to tow 100,000-year-old icebergs to shore, where they are crushed, melted and the water tested. The water is also used in a line of vodka and a line of beer under the brand Borealis.
CALIFORNIA | LOCAL
July 25, 2000
SBI Communications of Glendale said it has signed a letter of intent to acquire Valencia Entertainment International, an entertainment conglomerate with holdings in television production, motion pictures, sports, the Internet and real estate. SBI Communications is a marketing, Internet media, and entertainment company focused on building, operating and managing business-to-business companies.
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