Podium Venture comments company structure

10 Jul '07

1 min read

Podium Venture Group Inc, an apparel, media, and publishing holding company in the lifestyle sports industry announced that the current common stock authorized remains at 500,000,000 with 488,000,000 issued and outstanding.

"While we continue to grow this company through organic and external platforms the current authorized common stock remains at 500,000,000. Moreover, as stated before, we have no current intentions to increase this number. Podium and its currently held brands are quickly realizing the stability and synergies that our "brand incubator" concept can provide. We intend to continue this momentum into the second half of 2007”.

“Increasing the authorized with current capitalization and market presence would not give us the opportunity to explore growth, whether internally, through acquisitions, or in moving to a senior exchange. Shareholder value is of course a paramount concern as well. For now, as it has been since our inception -- we move forward with a clearly defined strategy, momentum in the marketplace, and tremendous brand synergy." -- Jim McGinley, President & CEO, Podium Venture Group Inc.

Podium Venture Group Inc

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