Last update: 8:58 a.m. EDT Aug. 5, 2008

HIALEAH, Fla., Aug 05, 2008 /PRNewswire via COMTEX/ — Capital Oil & Gas, Inc. (PODM:
podium venture group inc com ) today announced that it will add franchised or corporate express pizza & sub sandwich operations to all of its locations current and future.

The company in following the more established oil & gas retailers that have McDonalds and other well known fast food operations at their locations, believes that this is the right move at the right time to maximize revenues.

Capital Oil & Gas estimates that revenue to the company will increase by $950,000 to $1,100,000 per year, per location with revenue generated by the fast food operations and the other cross marketing revenues.

Ariel Rodriguez President said, “Capital Oil & Gas said at first I was reluctant to add these products, and then when my staff provided me with the numbers I told them to run with it. I am an oil & gas man but if other retail operations add to the bottom line we go for it.”

About Capital Oil & Gas, Inc.:
Capital Oil & Gas operates retail filling stations/convenience stores throughout the State of Florida; the company is aggressively seeking additional acquisitions that can meet or exceed its current growth plan.

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