Public Company Management Corporation

Public Company Management Corporation

March 02, 2005 09:01 ET

PUBC Reinstates Contract to Take Terrax Public



OTC Bulletin Board SYMBOL: PUBC

MARCH 2, 2005 - 09:01 ET

PUBC Reinstates Contract to Take Terrax Public

LAS VEGAS, NEVADA--(CCNMatthews - March 2, 2005) - Public Company
Management Corporation (OTCBB:PUBC) announced today that its Go Public
Today "GPT" division has reinstated its contract with Terrax, Inc., to
prepare Terrax for listing on the OTCBB stock market. In addition,
Terrax will enter into a compliance contract with the company's
compliance division, Public Company Management Services "PCMS".

"We are happy to be working with Terrax again and glad to have past
misunderstandings resolved," stated PUBC Chief Executive Officer Stephen
Brock. "We look forward to helping bring this very promising company to
market," added Brock.

Under the terms of the settlement between the two companies, the 500,000
shares previously issued to GPT have been declared fully paid and
non-assessable. Payment of the balance of the previously-negotiated
contract will be made to GPT following a capital raise once Terrax is
trading on the Pink Sheets. Once GPT ensures that Terrax has begun
trading on the OTCBB, PCMS will manage the company's compliance for an
additional combination of cash and Terrax common stock.

"Public Company Management Corporation's business model is designed to
provide a full compliment of services to growing companies from the time
they first consider whether or not going public makes sense for them to
long after they have become publicly traded," stated Stephen Brock, CEO
of Public Company Management Corporation. Our relationship with Terrax
is a good example of how one of our divisions will help them to go
public and then another division will step in and support the company's
long-term compliance needs as a public entity. This fits nicely with our
ultimate goal, which is to boost shareholder equity through a growing
client base, expanded service offerings and higher revenues," adds Brock.

The company would also like to issue the following correction:

The company's press release "PUBC realizes 78% return on property sale",
issued on Feb. 23, 2005, included inaccurate information. According to
the press release, PUBC's trailing twelve months EPS was $0.146. This is
inaccurate. The correct information is as follows:

"Our trailing twelve month (ttm) revenues are $0.146 per share, and our
ttm Earnings Per Share (EPS) is $0.094. With the current stock price of
$0.93 per share our Price/Earnings ratio is only 9.9, compared to the
S&P 500 average of 20.81. We understand a fair valuation in the
marketplace requires educating the investment community on our business
model, financial performance and future plans. This is exactly what we
intend to do," continues Brock.

About Terrax, Inc.

Terrax is a development stage company providing business application and
e-commerce software for cross-border trade. The company, which has
special logistics arrangements with industry leaders such as A&A
Contract Custom Brokers Ltd. and Federal Express (NYSE: FDX),
specializes in software applications for businesses acting as US
exporters. Its Internet-based products incorporate technology for US and
Canada cross-border logistics and low cost shipping options. Through its
consulting services group, Terrax provides business solutions designed
to integrate its branded WeNetShip applications into e-commerce portals
at medium- to large-scale businesses.

About Public Company Management Corporation

PUBC helps business owners create liquidity for investors and long-term
value for their companies, shareholders and partners by participating in
public capital markets. PUBC supports the full lifecycle of entering the
public market through its various subsidiaries:

Education -- Pubco White Papers
( hosts a comprehensive
body of knowledge on private and public equity markets.

Registration and listing -- Go Public Today
( provides a complete solution
to help small companies register securities for public
offerings and obtain a listing on the OTCBB.

Regulatory compliance -- Public Company Management
Services ( assists new and
existing public companies in negotiating the new
complexities of maintaining a public company and creating
sustainable and affordable compliance processes.

PUBC leads by example, demonstrating to current and future clients best
practices in taking a company public, investor relations, public
relations, regulatory compliance, and raising capital.

Safe Harbor

This press release contains or may contain forward-looking statements
such as statements regarding the Company's growth and profitability,
growth strategy, liquidity and access to public markets, operating
expense reduction, and trends in the industry in which the Company
operates. The forward-looking statements contained in this press release
are also subject to other risks and uncertainties, including those more
fully described in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to update these
forward-looking statements to reflect actual results, changes in risks,
uncertainties or assumptions underlying or affecting such statements, or
for prospective events that may have a retroactive effect.

Public Company Management Corporation (OTC Bulletin Board: PUBC )


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