Podium to effect a 1-for-300 reverse stock split

10 Jan '08

2 min read

Podium Venture Group Inc announced that a 1-for-300 reverse split will be effected as a result of shareholder complaints about being unable to trade Podium Venture Group shares due to no bid being reflected in the security.

“The decision to effect a reverse split has been a difficult one. Since acquiring Podium Venture Group, I have hoped a reverse split would not be necessary.

Podium Venture Group has grown significantly since September with acquisitions that have all added to the bottom line. Podium Venture Group has started to divest of all non-core assets and holdings to focus on technology driven acquisitions and holdings,” stated Rob Loud, President of Podium Venture Group.

“I have received numerous emails from shareholders and potential investors asking about Podium's future and plans for future growth.

While I cannot advise any shareholder or potential investor to hold/sell/buy shares in Podium Venture Group, I can point to what we have accomplished in a short time and our plans for the future:

- Acquired Coastal Broadband
- Acquired Noh Limits Consulting
- Company has increased monthly revenues to over $60,000
- Coastal Broadband has closed several long-term recurring revenue contracts
- Coastal Broadband will expand its Wireless Network coverage area by 450+ square miles
- Noh Limits has filed a patent on a general utility device capable of being used for various tasks including, remote systems management and monitoring, disaster recovery and business continuity, and secured remote access.”

Podium Venture Group Inc

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