SOURCE: Podium Venture Group, Inc.

May 30, 2007 10:57 ET

Podium Venture Group, Inc. Subsidiary, N'East Magazine, Kicks Off Northeast Wide Action Sports Photography Workshop With the Red Bull Illume™

PORTLAND, ME--(Marketwire - May 30, 2007) - Podium Venture Group, Inc. (PINKSHEETS: PDVP), an apparel, media, and publishing holding company in the lifestyle sports industry, announced today subsidiary N'East Magazine will be holding a Northeast wide action sports photography contest & workshop in partnership with Red Bull Illume™ Global Photography Quest.

"We [N'East Magazine] covered and supported the Red Bull Illume™ event last winter with editorial support, regional marketing workshops and attending the opening ceremony in Aspen, CO. The event, which brings together industry-leading action sports photographers and companies, is a tremendous platform for N'East to broaden its readership and form strategic relationships within the market. This season's Northeast workshop invites action sports photographers from all over the Northeast to submit their work. Finalists will be invited to attend a two-day workshop in Boston, MA. Red Bull™ has been an action sports industry icon -- the ability to collaborate with them is really a testament to what N'East Magazine can also bring to the table in the action sports industry and we look forward to super event." -- Jim McGinley, President & CEO, Podium Venture Group, Inc.

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This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

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