Podium Venture Group, Inc. Subsidiary Coastal Broadband Begins 450 Square Mile Wireless Network Expansion BUSINESS WIRE Posted: 2007-12-04 08:37:25 ATLANTA--(BUSINESS WIRE)----Podium Venture Group, Inc (Pink Sheets: PDVP) subsidiary, Coastal Broadband, has started their next phase of network expansion. The proposed expansion would cover the following cities in Georgia: Jesup, Mount Pleasant, Odum, Blackshear, Patterson and Atkinson. The expanded network would add an additional 450+ square miles of Wireless Broadband coverage in Southern Georgia. With a total of approximately 21,500 homes in the area, the expanded network could easily increase monthly revenues by $15,000.
"Coastal Broadband has continued its growth in the 4th quarter and has started a significant expansion which will increase the company's Wireless Network footprint by over 450 square miles. Coastal Broadband continues to be the leader in the Wireless Broadband market in Southern Georgia and hopefully will start expanding out of South Georgia in the near future," said Rob Loud, President of Podium Venture Group.
"At CBB we have fought hard to balance our growth with available cash for expansion so that we maintain profitability by keeping our costs under control. With the increase in throughput in our primary equipment and the continued reduction in cost for Customer Premise Equipment (CPEs) we're able to expand faster and provide a faster High Speed Service to our customers. This leads to satisfied customers which in turn drives more growth," said Ron Ham, President of Coastal Broadband.
Podium Venture Group Inc. (http://www.podiumvg.com) is a holding company with holdings in wireless broadband, disaster recover & business continuity, real-estate, and sports apparel. Coastal Broadband (http://www.coastalbb.com) is a subsidiary of Podium Venture Group and is a wireless broadband provider in Southern Georgia. Noh Limits Consulting (http://www.nohlimits.com) represents Podium Venture Groups holdings in the disaster recovery & business continuity markets. Verum Sports (https://www.verumsports.com) is new player in the sports apparel market.
This press release contains certain forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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