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Podium Venture comments on recent shareholder correspondence

11
Jun '07

Podium Venture Group Inc an apparel, media, and publishing holding company in the lifestyle sports industry, announced the total number of authorized common stock remains at 500,000,000 and it is the company's intention to not increase the authorized given current operations and brand development.

"We have received numerous shareholder calls and emails addressing the issue of our current share structure and currently held brands. Let me first say that given our current operations, M&A strategy, and structure of our three brands, N'East Magazine, Erino Clothing, and Corduroy Surf Co, we have no current plans of increasing the authorized common stock."

"We have, as stated in a June 6th release, been successful in bringing in three emerging action sports companies as we intended in 2007. While this has added pressure to the PPS activity, it should not go unnoticed what we have brought into Podium Venture Group Inc and the value they bring this company."

Mr. McGinley continues on the status of each of the three Podium brands: "To begin, and as I have stated in numerous releases, Podium currently holds 49% of N'East Magazine. We have a Letter of Intent with a first right of refusal for the remaining 51%."

This will be closed when certain key items within the company have been resolved. N'East Magazine is going into its third year. 2007 to date has shown tremendous results in both revenue and distribution increases. N'East has continued to expand its readership both nationally and internationally.

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