SOURCE: Podium Venture Group, Inc.

July 06, 2007 08:15 ET

Podium Venture Group, Inc. Comments on Recent Brand Developments

PORTLAND, ME--(Marketwire - July 6, 2007) - Podium Venture Group, Inc. (PINKSHEETS: PDVP), an apparel, media, and publishing holding company in the lifestyle sports industry, comments on recent development within two subsidiaries: Corduroy Surf Company and N'East Magazine.

Corduroy Portland, Maine flagship store in the news again.

Podium Venture Group, Inc. President & CEO, Jim McGinley:

"Once again Corduroy Surf Company's first retail storefront, Corduroy, is getting press. The Forecaster, a Portland, Maine and surrounding area newspaper, recently had a chance to sit down with Managing Partner & Softgoods buyer Tyler Briggs for an interview. This being the third piece of media attention since the flagship store's opening -- we are pretty excited about the press and the support of the local community as a whole. Corduroy Portland, Maine is proving to be a very successful first location. Already 25-30% above previously announced projections. The next big push for Corduroy Surf Company is the global website, already under development."

N'East Magazine signs Channel Islands Surfboards.

Mr. McGinley continues on recent developments with N'East Magazine:

"N'East Magazine is seeing overwhelming results since Issue 9 hit newsstands. Our recent addition to over 1,500 new retail outlets is proving to put N'East in the viewfinder of many fresh eyes, subscribers and advertising partners. Ryan Montani, Media Sales Director, has been relentlessly pushing this brand to key partners nationally -- recently signing on Channel Islands Surfboards, a leading surfboard manufacturer based in California, as a marquis sponsor. N'East is looking forward to 2008 already -- with key industry trade shows approaching and the 2008 media planning season underway, we look forward to a conservative 50% projected increase in ad sales in 2008 and a triple digit increase in distribution."

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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