Media, apparel, and publishing-oriented holding company Podium Venture Group (Pink Sheets: PDVP) recently told Market News First that it has almost concluded the total acquisition of alternative culture publication N’EAST Magazine.”Our focus in the last few months has been closing the remaining 51 percent of N’EAST magazine,” company CEO Jim McGinluy said in a recent interview. “We’re getting close to it … we’re still poised for the actual closing here.”
N’EAST Magazine isn’t the first piece of alternative culture Podium Venture’s set its sights on. The company also counts surfer clothing companies Erino Clothing and Corduroy Surf as part of its world. With these three huge properties under its name, it’s no surprise that McGinluy isn’t interested in looking for others at this time.
“Right now, we’re just focused on these three brands,” McGinluy said. “Last month, we picked up 1,500 new locations [for N’EAST Magazine] in the northeast, which is a good pickup and accounts for 7,000 more issues in distribution. We also opened up distribution in Canada and the UK – which is good, because it’s the first time we’ve gone international with a magazine.”
