VICTORIA, British Columbia -- VCom Inc. ("VCom") announces that it has filed a final prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with the initial public offering of its common shares. The Company will issue 3,335,000 common shares at $7.50 per share for gross proceeds of $25,012,500. The Company and the principal shareholders have granted the underwriters an over-allotment option to purchase up to an additional 500,250 common shares (of which up to 225,250 will be issued by the Company from treasury and up to 275,000 will be sold by the principal shareholders) at the same price within 30 days after closing.

Closing, which is subject to customary closing conditions, is currently scheduled for November 14, 2005. The Toronto Stock Exchange (the "TSX") has conditionally approved the listing of the Company's common shares under the symbol "VCM", subject to the Company satisfying the TSX's customary listing requirements.

The underwriting syndicate for the offering is led by CIBC World Markets Inc. and National Bank Financial Inc., and includes TD Securities Inc., Orion Securities Inc. and Raymond James Ltd.

VCom Inc.