SOURCE: Public Company Management Corporation

March 13, 2007 09:15 ET

NEDAB Taps Schwer for Research and Development

LAS VEGAS, NV -- (MARKET WIRE) -- March 13, 2007 -- The Nevada Economic Development Advisory Board (NEDAB) announced that R. Keith Schwer, Ph.D., Director of UNLV's Center for Business and Economic Research, has agreed to lead the NEDAB's research and development efforts. An important component of Dr. Schwer's research for NEDAB will involve gathering securities statistics for the state of Nevada, information that will help NEDAB reach its goal of diversified economic growth through capital markets participation.

"Our goal is to capture performance metrics on an ongoing basis so that we can track the effectiveness of Nevada's capital market awareness campaigns and how this correlates with company growth and overall economic growth for Nevada," said NEDAB spokesperson Robert Uithoven.

Examples of some of the issues Dr. Schwer plans to research and track include:

--  Monies raised in Nevada through registered securities
--  Series 63 securities agents and broker-dealer registrations
--  Participation of Nevada-based corporations in national listing
    services and exchanges
--  Financial performance of Nevada-based public companies
    
"Dr. Schwer's extensive background in economic research and his expertise regarding our state's economy makes him an ideal match for spearheading this effort," said Uithoven. "We're encouraged by his support and we look forward to working with him towards a stronger, more diverse economy for Nevada."

Dr. Schwer is Director of The Center for Business and Economic Research and is a member of the UNLV Economics Department faculty. Specializing in economic impact analysis, econometric modeling, feasibility analysis, and survey research, Dr. Schwer is recognized as an authority on the business and economic environment of Las Vegas, the State of Nevada, and the region. He manages the annual Las Vegas Perspective survey, serves on numerous state and local advisory boards, and acts as a resource person for television, radio, and print media.

Dr. Schwer has more than 25 years of experience in business and economics research in major university programs in Maryland, Nevada, Oklahoma, Tennessee, Vermont, and Wyoming. He authors many reports and conducts both basic and applied research. His academic research has appeared in numerous publications including the Annals of Regional Science, Journal of Applied Economics, Journal of Applied Business Research, Environment and Behavior and International Regional Science Review.

He is a member of the American Economic Association, the Western Economics Association, the Western Regional Science Association, and the Southern Nevada Area Population Projections and Estimation Committee. He received his Ph.D. in economics from the University of Maryland, and has two decades of teaching experience at the undergraduate and graduate levels.

"Nevada has a long tradition of focusing on economic development," said Schwer. "I see this as the next step in the evolution of the state's economy. We live in a world economy, and we now need to compete in international markets, so we have to be smarter about it. What NEDAB is doing is a positive effort to grow an entrepreneurial state, to present to the world the additional benefits of being a Nevada corporation and to raise awareness of Nevada's capital markets potential. I look forward to supporting those efforts."

About Nevada Economic Development Advisory Board (NEDAB)

NEDAB is a council of prominent businesspeople and legislators who share a vision of diversified economic growth through participation in capital markets and are working with other businesses and the government to make that vision a reality. NEDAB believes that Nevada has the potential to become the premier destination in the U.S. for companies looking to enter the capital markets; that Nevada corporations across a variety of industries can benefit from participating in the capital markets as a way to build long-term shareholder value, provide access to capital, increase visibility and improve business practices to meet the standards of being a public company; and that an increased number of Nevada corporations successfully entering and sustaining participation in the capital markets will create diversified economic growth, increase the number of companies that physically relocate to Nevada, create new jobs and increase revenue for the state.

Activities of NEDAB include:

--  Outreach to other economic development groups, legislators,
    regulators, business owners, and business and industry leaders.
--  Educational Programs for companies seeking to learn about capital
    markets and the advantages of domiciling in Nevada as a private or public
    company.
--  Policy Research and Recommendations to make Nevada even more
    attractive as a home for companies wanting to participate in capital
    markets.
--  Locally-based Industry Screening Committees to help identify and
    screen companies that are good candidates for participation in the public
    markets.
    
NEDAB is in the process of expanding to its target of 10 members. Current members include:
--  Mark Daigle, NEDAB Co-Chairman and President and CEO of Colonial Bank
    N.A.'s Nevada operations.
--  Paul Henry, Esq., President and CEO of Henry & Associates, LLC.
--  Robert Uithoven, President of J3 Strategies and Manager for Jim
    Gibbons' successful 2006 gubernatorial campaign.
    
Advisors to NEDAB include:
--  Bob Beers, State Senator District 6 & PCMC Nevada Client Audit
    Coordinator
--  Tim Carlson, CEO, Powered by Renewables and Former Executive Director,
    Nevada Development Authority & Nevada Commission on Economic Development.
--  Neal Tomlinson, Esq., Bullivan Houser Bailey PC.
    
NEDAB is in the process of selecting screening committees to focus on particular industries. Current industry screening committee members include:
--  Dr. Emil Frei III, NEDAB Life Sciences Screening Committee Chair,
    cancer research pioneer, and former Director and Physician-in-Chief, Dana-
    Farber Cancer Institute.
    

For more information about NEDAB visit http://www.Nevada-EDAB.com.

NEDAB is a program of Public Company Management Corporation (OTCBB: PUBC). For more information about Public Company Management Corporation visit http://www.PublicCompanyManagement.com.

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