SOURCE: Podium Venture Group, Inc.

July 13, 2007 08:54 ET

Podium Venture Group, Inc. Subsidiary Corduroy Surf Company Selects Boston, MA as Host City for Second Retail Storefront

PORTLAND, ME--(Marketwire - July 13, 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 Company has selected Boston, MA as host city for the second retail location of Corduroy, Surf Boutique & Gallery™.

"As we stated previously, we intend to expand the Corduroy retail platform aggressively in 2007. After a very successful first month at the Portland, ME location, and a fairly extensive review of key markets in the region, we have selected Boston, MA to host the second retail storefront. Boston beat out other key cites still in contention for successive storefronts of Newport, RI, Portsmouth, NH, Freeport, ME and Provincetown, MA. The decision to select Boston was due largely in part to the obvious large consumer base, an untapped market for our business model, the proximity to our Portland, ME headquarters, and a city pumping with our key demographic: surfers. As proven here in our Portland, ME location -- the urban storefront model is our key -- but, moreover, it's still a model based on fundamental supply and demand. And in Boston, MA -- there is a wildly un-serviced demand." -- 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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