LAS VEGAS–Public Company Management Corporation (OTCBB:PUBC - News) today announced that New York-based independent research firm Spelman Research has initiated coverage on PUBC and issued a research report calling PUBC’s stock a Speculative Buy with an 18-month target price of $2.58. Some of the other companies recently covered by Spelman include Dyntek (NASDAQ:DYTK), Yak Communications (NASDAQ:YAKC) and Computer Horizons Corp (NASDAQ:CHRZ).

“Spelman cites several factors in deriving its positive rating for PUBC. Those include: “(1) strong deal traction announcement that we anticipate will drive revenue and earnings beyond public guidance, (2) the potential for ‘private equity-like’ returns from stock held in client companies; and (3) a low cost venue to the public markets that also is a ‘one-stop shop’ for both obtaining public listings and servicing a plethora of public listing and compliance/corporate governance requisites. Moreover, the company is executing its aim toward greater visibility, which should be shortly complemented with the pending Google advertising campaign, advancement in the seminar management business and continued proliferation of subsidiary and affiliate website and converted traffic.” The report went on to say, “…we have taken into consideration the pipeline and backlog in business, and believe the company is on track to markedly exceed expectations.”

Spelman Research Associates, Ltd is a boutique equity research firm providing unbiased research for significantly under-followed small-cap companies. Spelman distributes its research to a broad audience of institutional and individual investors seeking information on companies’ stocks. Integrity Research recently ranked Spelman as number three in their list of the Top Independent Research Firms based on the performance of the firm’s BUY / SELL / HOLD recommendations (12-month ROSS Returns).

Spelman Research’s Senior Analyst, Sergiu Lisnic, CFA, analyzed PUBC in order to provide this independent expert, fundamental research report on the company. Mr. Lisnic was assisted in the research and preparation of the report by Vitalie Eremia, Dan Lavric and Oleg Borta, MBA.

PUBC will host its annual shareholders’ meeting, followed by the Raising Capital 2005 seminar on May 14, 2005 in Las Vegas, NV. The Raising Capital 2005 Seminar is intended for entrepreneurs and small business owners who are looking for ways to raise capital, particularly those who have been frustrated by the venture capital process or who have found their current investors unable to meet the long-term capital needs of their company.

About Spelman Research

Spelman Research Associates, Ltd is an independent fee based research, publishing and distribution firm whose contract analyst adheres to the ethics and standards of the Association for Investment Research Management. The view expressed in the research report reflects the analyst’s personal views about the issuer and its securities. Opinions and recommendations contained in the report are submitted solely for advisory and information purposes and are not intended as an offering or a solicitation to buy or sell the securities. The analysts are responsible only to the public and the report is not a service to the company. Spelman receives a fee of $23,000 from the company for one year’s coverage. Spelman does not inform the company in advance of the nature or conclusions of the analysts’ reports in advance of paying the fee nor can a company withdraw from coverage before the expiration of the one-year term. Neither the analysts nor the company own equity or debt securities of the companies on which the contract analysts report.

About Public Company Management Corporation

PUBC serves as a one-stop shop for businesses that want to quickly and cost-effectively go public and draw upon the wealth of investment capital that is available to public corporations. The company’s Pubco White Papers subsidiary focuses on educating business owners on the options available to them. PUBC’s Go Public Today subsidiary takes companies public. After a company goes public, PUBC’s Public Company Management Services subsidiary can advise the newly-public company on regulatory and compliance issues. PUBC supports the full lifecycle of entering the public market through its various subsidiaries:

Education – Pubco White Papers
(http://www.PubcoWhitePapers.com) hosts a comprehensive
body of knowledge on private and public equity markets.

Registration and listing – Go Public Today
(http://www.GoPublicToday.com) provides a complete solution
to help small companies register securities for public
offerings and obtain a listing on the OTCBB.

Regulatory compliance – Public Company Management
Services (http://www.PCMS-Team.com) assists new and
existing public companies in negotiating the new
complexities of maintaining a public company and creating
sustainable and affordable compliance processes.

PUBC leads by example, demonstrating to current and future clients best practices in taking a company public, investor relations, public relations, regulatory compliance, and raising capital.

Safe Harbor

This press release contains or may contain forward-looking statements such as statements regarding the Company’s growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.