PORTLAND, Maine--(BUSINESS WIRE)--Podium Venture Group Inc. (PDVP), an apparel, media and publishing holding company in the lifestyle sports industry, announced today that closing of this acquisition, expected before the end of the year, would we were moving quickly to acquire 75% of Erino Clothing. With all the other happenings in the company; the 25% stock dividend, the acquisition of N East Magazine, the close of 2006, and the trade show season for Erino quickly approaching, the M A team here at Podium thought it best to further assess risk vs.
gain in the Erino transaction. This lead us happily to a 100% acquisition which we expect to close before 2007. Once this acquisition is closed, along with the others lined up ready to knock over, we intend to release the new 2007 Erino line and take it to the national level, Podium Venture Group, Inc.
is an apparel, media and publishing holding company in the lifestyle sports industry. The company intends to grow through strategic acquisitions, capitalization and internal growth. The approximate share structure as of December 27, 2006: A/S 525,000,000, Section 21E of the Securities Exchange Act of 1934.
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