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About Podium Venture Group, Inc. The company is a holding company specializing in lifestyle sports market in the areas of apparel, media, and publishing, communications sector. The company intends to grow through strategic acquisitions and internal growth. The company's share structure is 24,118,994 outstanding of which 23,000,000 are restricted (in management's control) and 1,018,994 that are in the public float.
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.
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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Today’s Price Performance as of 11:47am EST, 12/06/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.09 Last Price 0.04 +80.00% Today’s Change $0.05 Today’s Open 100,490 Above Avg. Today’s Volume
Podium Venture Group, Inc. Agrees to Acquire a Majority Stake in Erino Clothing Company
PORTLAND, Maine, Nov 06, 2006 (BUSINESS WIRE) -- Podium Venture Group, Inc. (Pinksheets: PDVP) a holding company specializing in the lifestyle sports market in the areas of apparel, media, and publishing, communications, today announced that they have agreed to acquire a majority interest in Erino clothing company http://erinoclothing.com. The company expects the transaction to close after attorney review within the next 10 days. Erino a clothing brand that offers a timeless take on surf apparel; a line specifically designed and geared toward lifelong wave-riders and ocean lovers. We celebrate the classic surf style while capturing the spirit of the moment; long-lasting, always-appropriate, tasteful & understated style. Erino is creating the type of company that avoids sweat-shop production; makes certain that each order receives careful attention; and that each garment is of the highest quality, thoroughly inspected to give the best value for your money. We are developing a model for our business that enables us to design, create and sell products at a fair price; allows us to give back to the community; and enables us to enjoy a simple surfing lifestyle.
"We are extremely excited to be able to acquire a majority stake in this Brand, Erino clothing as it fits within the business model that we have established for our company's growth going forward. It was essential that we made this acquisition be completed now, as the industry prepares to produce and introduce new lines of clothing for the up coming season," said Mr. Jim McGinley President & CEO.
About Podium Venture Group, Inc.:
The company is a holding company specializing in lifestyle sports market in the areas of apparel, media, and publishing, communications sector. The company intends to grow through strategic acquisitions and internal growth. The company's share structure is 24,118,994 outstanding of which 23,000,000 are restricted (in management's control) and 1,018,994 that are in the public float.
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. 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.
SOURCE: Podium Venture Group, Inc.
CONTACT: Podium Venture Group, Inc. Investor Relations, 1-207-772-3255 FAX: 1-207-772-3202
Copyright Business Wire 2006
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Today’s Price Performance as of 11:51am EST, 12/06/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.10 Last Price 0.05 +100.00% Today’s Change $0.05 Today’s Open 102,690 Above Avg. Today’s Volume
News Story
Text Size: A A APodium Venture Group's Board of Directors Approves a 25% Stock Dividend 10:15 AM EST November 30, 2006 Podium Venture Group Inc. (Pinksheets: PDVP), a lifestyle sports multi media, apparel, and publishing holding company, announced today that the Board of Directors has approved a 25% stock dividend to all common shareholders of record as of December 10, 2006, and payable December 24, 2006. The action was approved at a board meeting on December 29, 2006, Jim McGinley, Chairman & CEO, stated:
"The dividend reflects the on-going success of the Company and rewards shareholders for their continued support."
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. 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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Today’s Price Performance as of 12:03pm EST, 12/06/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.07 Last Price 0.02 +40.00% Today’s Change $0.05 Today’s Open 139,690 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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Got a few here today after speaking with IR and confirming the float and O/S remain unchanged. Company also stated they are looking at two more acquisitions, keep an eye on the wires I have a feeling one will be announced shortly.
3) Also, do you have to keep holding the stock until the 24th for the divi or just hold until the 10th?
Posts: 78 | Registered: Aug 2006
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