posted
Podium Venture Group, Inc Announces Merger Agreement Discussions with the Minority Ownership of N'East Magazine - Tripling Company Forecasted Revenue Dec 11, 2006 11:27:00 AM Copyright Business Wire 2006
PORTLAND, Maine--(BUSINESS WIRE)--
Podium Venture Group Inc. (Pinksheets: PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today that it has entered into negotiations with the shareholders representing 49% of N'East Magazine, a lifestyle sports and travel magazine based out of Portland, Maine.
"Bringing N'East Magazine into Podium Venture Group not only increases our forecasted revenue three-fold, but also, provides a catalyst. N'East Magazine is not only a rapidly expanding brand itself - but as with any media component, with it comes the horsepower to develop, nurture and bring to market currently held and/or near-future brands in the Podium quiver," Jim McGinley, President & CEO, Podium Venture Group, Inc.
Now in its second year of production, N'East Magazine (www.neastmag.com) can be found at Borders, Barnes & Noble, Eastern Mountain Sports, REI, Tower Records, Universal News, Shaws, B. Dalton, Hudson News, and independent bookstores and retailers nationally.
Podium Venture Group, Inc foresees a seamless transition given the company's close working relationship with current management. The merger would be executed by a stock-transfer leaving cash-on-hand for near future acquisitions.
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.
Posts: 2473 | Registered: May 2006
| IP: Logged |
Business Description: The company is a multi media, internet, publishing holding corporation.
Primary State of Incorporation: Delaware
Country of Incorporation: USA
Officers: Jim McGinley, President
======================================
Outstanding Shares: 24,118,994 as of 2006-11-01
Estimated Market Cap: 1.205M as of 2006-12-08 (based on Outstanding Shares as of 2006-11-01) Float: 1,018,994 as of 2006-11-01
=================================
Current Capital Change: shs decreased by 1 for 1000 split Ex-Date: Record Date: Pay Date: 2006-07-14
Dividends:
Company Notes: Formerly=Sublingual Products International, Inc to 3-92 Formerly=Pharmaceutical Labs, Inc. until 7-06 Formerly=Annapolis Capital Holdings, Inc. until 8-06
Class Notes: New Issue=3-89 500,000 shs at 30 cents by the company
Transfer Agent: Interwest Transfer Co., Inc., Salt Lake City, UT 84117
-------------------- Cashing checks in two forms: Money and Reality
GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
| IP: Logged |
posted
No way is the float only 1 mil. Someone just dumped 1 mil at 071. What the hell??
Posts: 3026 | From: Chicago | Registered: Oct 2005
| IP: Logged |
posted
in at 9.1 and 7.6 will hold for quite a while.... no reason it's not .30+ was 2.25 not long ago.... look how it dropped.... I'm not sure there was even any volume... how can the price change so much with no volume...everyone just decided in unison to reduce all their limit orders with no trades? sheesh.... crazy... I'm staying in.... at worst it's 25% more shares added to your account.... that makes up part of any loss
Posts: 1835 | From: Boston, MA | Registered: Sep 2004
| IP: Logged |
quote:Originally posted by pick em low: in at 9.1 and 7.6 will hold for quite a while.... no reason it's not .30+ was 2.25 not long ago.... look how it dropped.... I'm not sure there was even any volume... how can the price change so much with no volume...everyone just decided in unison to reduce all their limit orders with no trades? sheesh.... crazy... I'm staying in.... at worst it's 25% more shares added to your account.... that makes up part of any loss
What worried me was the 1 mil print at 071. How is that even possible when the float is only a little over a mil? Crazy sh!t...
I'm no longer in, but will keep on watch and see how this plays out, but the float seems to be much bigger than 1 mil, imo.
Good luck!
Posts: 3026 | From: Chicago | Registered: Oct 2005
| IP: Logged |
quote:Originally posted by tompom: i´m still in and think this is just the beginning of a big move up we´ll see...
I hope you're right...but I am very skeptical of the 1.01 mil float. I think it's much higher than that.
Posts: 632 | From: Midwest | Registered: Aug 2005
| IP: Logged |
posted
news: Podium Venture Group, Inc. Announces Acquisition Discussions for the Remaining Majority Interest of N'East Magazine - Anticipated to Be the Company's First 100% Held Subsidiary Dec 12, 2006 10:20:00 AM Copyright Business Wire 2006
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 entered into discussions with the holding company representing the remaining 51% of N'East Magazine. This forecasted acquisition along with the previously announced forecasted merger of the minority (49%) ownership would bring Podium Venture Group its first 100% held subsidiary.
"On December 11, 2006, we announced our agreement to acquire the minority interest in N'East Magazine. In conjunction with this merger, we have actively sought and are now thrilled to report, we have engaged in discussions with the remaining majority interest of the rising lifestyle sports magazine. This acquisition will not only bring Podium a viral brand with its finger on the pulse of an explosive market - but will give us the influential edge needed to deliver other company-held brands," Jim McGinley, President & CEO, Podium Venture Group, Inc.
N'East Magazine (www.neastmag.com) can be found at Borders, Barnes & Noble, Eastern Mountain Sports, REI, Tower Records, Universal News, Shaws, B. Dalton, Hudson News, and independent bookstores and retailers nationally.
Mr. McGinley continues: "This series of acquisitions is no accident - with the 25% stock dividend as announced on December 7th, and bringing Podium its first wholly owned subsidiary - we intend to ring in the near year loud and clear."
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.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Confused]](confused.gif)
