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Podium Venture Group, Inc. Comments on Recent Events
PORTLAND, ME--(Marketwire - July 27, 2007) - Podium Venture Group, Inc. (PINKSHEETS: PDVP) comments on recent events.

Effective immediately, President and Sole Director, Jim McGinley resigns from any and all capacity within Podium Venture Group, Inc. The interim President and Director of Podium Venture Group, Inc. will be Richard Astrom. Furthermore, with Mr. McGinley's departure from the company, the company has divested its control and/or interest in N'East Magazine, Corduroy Surf Company and Erino Clothing.

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.

Contact:
Richard Astrom
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