Southcorp Capital Inc (STHC)

[RUPHERT]

Podium Venture Group, Inc. To Effect a 1-for-300 Reverse Stock Split
Monday January 7, 10:54 am ET


ATLANTA--(BUSINESS WIRE)--Podium Venture Group, Inc (Pink Sheets: PODM - News) announced today that a 1-for-300 reverse split will be effected as a result of shareholder complaints about being unable to trade Podium Venture Group shares due to no bid being reflected in the security.
“The decision to effect a reverse split has been a difficult one. Since acquiring Podium Venture Group, I have hoped a reverse split would not be necessary. Podium Venture Group has grown significantly since September with acquisitions that have all added to the bottom line. Podium Venture Group has started to divest of all non-core assets and holdings to focus on technology driven acquisitions and holdings,” stated Rob Loud, President of Podium Venture Group. “I have received numerous emails from shareholders and potential investors asking about Podium’s future and plans for future growth. While I cannot advise any shareholder or potential investor to hold/sell/buy shares in Podium Venture Group, I can point to what we have accomplished in a short time and our plans for the future:


Acquired Coastal Broadband
Acquired Noh Limits Consulting
Company has increased monthly revenues to over $60,000
Coastal Broadband has closed several long-term recurring revenue contracts
Coastal Broadband will expand its Wireless Network coverage area by 450+ square miles
Noh Limits has filed a patent on a general utility device capable of being used for various tasks including, remote systems management and monitoring, disaster recovery and business continuity, and secured remote access.”
Podium Venture Group Inc. (http://www.podiumvg.com) is a holding company with holdings in wireless broadband, disaster recover & business continuity, and real-estate. 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.

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:
Podium Venture Group, Inc.
Rob Loud
[e-mail]
404-474-1467

--------------------------------------------------------------------------------
Source: Podium Venture Group, Inc.