SOURCE: Podium Venture Group, Inc.

May 15, 2007 09:28 ET

Podium Venture Group, Inc. Subsidiary Corduroy Surf Co. First Retail Storefront Opening Scheduled

PORTLAND, ME -- (MARKET WIRE) -- May 15, 2007 -- Podium Venture Group Inc. (PINKSHEETS: PDVP), an apparel, media, and publishing holding company in the lifestyle sports industry, announced today that subsidiary Corduroy Surf Co. has scheduled its Portland, Maine location opening for June 5th, 2007.

"The first retail storefront for Corduroy is in its final stages for opening early June. We are extremely excited for the opening and have already received great feedback from the city, local media, and the surfing community. This first retail location for Corduroy will act as the model for future shops. With the second storefront location already being reviewed, I am confident that the retail model will not only be a great addition to the company [Podium] for future vertical growth, but also, building a simple supply and demand retail application will instill additional liquidity into the company and further fuel the growth of not only Corduroy, but other brands under the Podium Venture Group, Inc. brand." -- Jim McGinley, President & CEO, Podium Venture Group, Inc.

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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