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PDVP - PR coming up today - BIG Buys going on
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[QUOTE]Originally posted by anders19199: [QB] Podium Venture Group, Inc. Acquires 100% of Erino Clothing Company Thursday January 4, 11:21 am ET PORTLAND, Maine--(BUSINESS WIRE)--Podium Venture Group Inc. (PDVP), an apparel, media and publishing holding company in the lifestyle sports industry announced today that it has closed the 100% acquisition of Erino Clothing, a surf / lifestyle clothing company. ADVERTISEMENT "As we previously released on November 6th, we were moving quickly to acquire 75% of Erino Clothing (erinoclothing.com). After much effort by all parties, we are extremely pleased to report that Podium has acquired 100% of the emerging surf apparel brand and we welcome the first wholly owned subsidiary into the company," Jim McGinley, President & CEO, Podium Venture Group, Inc. Mr. McGinley continues in regards to recent shareholder discussions: "This acquisition was delayed slightly due to the holiday season and the re-structuring of the 100% deal which was completed by restricted stock and cash on hand. Now with this transaction behind us, we intend to push Erino into the national market, close any remaining M&A transactions as previously announced, and take a close look at the current structure of the company including forecasted revenue, NOBO list and the PPS," Jim McGinley, President & CEO, Podium Venture Group, Inc. Podium Venture Group, Inc. is an apparel, media and publishing holding company in the lifestyle sports industry. The company intends to grow through strategic acquisitions, capitalization and internal growth. The approximate share structure as of Jan 4, 2007: A/S 525,000,000, O/S 58,000,000 This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. Contact: Podium Venture Group, Inc. Jim McGinley, 207-772-3202 [URL=http://www.podiumventuregroup.com]www.podiumventuregroup.com[/URL] From PR: The approximate share structure as of Jan 4, 2007: A/S 525,000,000, O/S 58,000,000 Float 8 miliion according to IHUB. Tomororw this will fly!!!! watch it closly tomorrow [/QB][/QUOTE]
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