Yates Orders First Change at Podium Venture Group

ATLANTA--(Business Wire)--
Podium Venture Group, Inc. (Pink Sheets: PODM) announced today
that newly named President, Bill Yates has ordered the first of many
company initiatives.

Mr. Yates has directed the company's attorneys to immediately
reduce the number of authorized shares from its current level to
21,500,000 total shares.

The company will immediately file with its domiciled Secretary of
State the appropriate corporate resolutions authorizing such, upon the
completed reduction, notification will be sent out and updated to Pink
sheets and the company's Transfer Agent and all other parties of
interest.

Upon the completed re-capitalization of the company the share
structure will be as follows:

-0-
*T
Total Authorized Shares: 21,500,000
Total Preferred Shares Outstanding: 2,000,000
Total Common Shares (current) in the Public Float: 9,315,418
*T

The balance of shares (10,184,582) will be held in the company's
treasury for future acquisitions and issued on a restricted basis
only.

"As the company and I review its history of the company and the
necessary corporate adjustments needed, it became clear that the
shareholders interest was first and foremost an area that needed to be
addressed immediately, thus representing the actions being taken,"
said Mr. Yates, President

Mr. Yates also stated, "The Company will now turn its attentions
to evaluating current operations, and pending acquisitions to
determine what is in the best interest of the company going forward,"

About Podium Venture Group, Inc.

Podium Venture Group Inc. (http://www.podiumvg.com) is a
diversified company with holdings in wireless broadband and disaster
recovery. 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.

Podium Venture Group, Inc.
Bill Yates
Investor Relations, 404-474-1467
Info@PodiumVG.com

Copyright Business Wire 2008