No.......This one does,
December 12, 2006
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
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.
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