SOURCE: Podium Venture Group, Inc.

June 13, 2007 10:44 ET

Podium Venture Group, Inc. Subsidiary Corduroy Surf Company Opens First Retail Location

PORTLAND, ME--(Marketwire - June 13, 2007) - Podium Venture Group, Inc. (PINKSHEETS: PDVP), an apparel, media, and publishing holding company in the lifestyle sports industry, announced today Corduroy Surf Company's first retail location in Portland, Maine has opened its doors and is receiving praise among the surfing community and local press.

"We have been opened since the 5th of June -- albeit a 'soft' opening. The first few weeks are being focused on allowing the local market to come and see the store as well as lining up numerous press events to promote the opening. First week sales have been on par to reach our milestones as previously announced and we expect to be welcomed into the city and capture this exciting and expanding market. The Portland Corduroy Grand Opening is slated for early July and will feature invites for local press, industry representatives, Surfrider Foundation local chapter members, and, of course, our local and loyal surfing community." -- 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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