Corporate Report: July 1

ValCom, Tri-Partners close on financing deal
Clearwater-based ValCom Inc. officials say New Jersey-based Tri-Partners LLC has committed to loan it $600,000. ValCom's board of directors must still approve the agreement.

ValCom has announced several plans recently to increase the amount of operating capital available to the company through lines of credit and royalties.

The Tri-Partners deal is expected to give ValCom funding to digitally convert its media library and assist in funding the collection of royalties from ASCAP and BMI.