Public Company Management Corporation

Public Company Management Corporation

March 30, 2005 09:15 ET

Spelman Research to Initiate Coverage on Public Company Management Corporation



OTC Bulletin Board SYMBOL: PUBC

MARCH 30, 2005 - 09:15 ET

Spelman Research to Initiate Coverage on Public
Company Management Corporation

LAS VEGAS, NEVADA--(CCNMatthews - March 30, 2005) - Public Company
Management Corporation (OTCBB:PUBC) today announced that the company has
retained New York-based independent research firm Spelman Research to
undertake coverage on the Company. Spelman Research's Senior Analyst,
Sergiu Baluta, CFA, will analyze, provide and publish independent
expert, fundamental research reports on the Company. The initial report
on PUBC is expected to be completed and released in approximately one

Spelman is a boutique equity research firm providing un-biased research
for significantly under-followed small-cap companies. Spelman
distributes its research to a broad audience of institutional and
individual investors seeking information on such companies. Some of the
other companies recently covered by Spelman include Dyntek (Nasdaq:
DYTK), Yak Communications (Nasdaq: YAKC) and Computer Horizons Corp
(Nasdaq: CHRZ).

"We are pleased to garner more Independent Research equity coverage from
such a reputable research shop, by a leading equity analyst. We believe
further unbiased, objective analysis of PUBC's continued financial and
operating execution will better serve the public investor community,"
says Stephen Brock, CEO of Public Company Management Corporation.

An earlier investment report and opinion covering PUBC was issued by
analyst Kipley J. Lytel, CFA of Investrend Research in December 2004,
rating PUBC a "Speculative Buy/4, and a 24-month target of $2.30.'' In
that report, the analyst stated, "The catalyst for the rating stems from
both the disparity between the Company's intrinsic valuation and current
enterprise market value." He went on to list the following factors as
evidence in his recommendation of PUBC: "recent history of profitable
operations with year-over-year YTD triple digit revenue and earnings
growth; diverse revenue streams within a synergistic business model;
strong industry fundamentals with a 10-fold increase in over-the-counter
bulletin board companies over five years; new OTCBB filing requirements
generating sharp increases in SEC related documentation; a truly turnkey
business platform, fully integrated 'one-stop shop' with inherent cross
selling mechanisms; shareholder participation in a de facto 'private
equity venture portfolio' model that can yield immense financial upside;
and a seasoned executive manager complemented with strategic partners
and an investment advisory board."

About Spelman Research

Spelman Research Associates, Ltd is an independent fee based research,
publishing and distribution firm whose contract analyst adheres to the
ethics and standards of the Association for Investment Research
Management. The view expressed in the research report reflects the
analyst's personal views about the issuer and its securities. Opinions
and recommendations contained in the report are submitted solely for
advisory and information purposes and are not intended as an offering or
a solicitation to buy or sell the securities. The analysts are
responsible only to the public and the report is not a service to the
company. Spelman receives a fee of $23,000 from the company for one
year's coverage. Spelman does not inform the company in advance of the
nature or conclusions of the analysts' reports in advance of paying the
fee nor can a company withdraw from coverage before the expiration of
the one-year term. Neither the Analysts nor the company own equity or
debt securities of the companies on which the contract analysts report.

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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