LAS VEGAS–Public Company Management Corporation (OTCBB:PUBC) today announced that Sergiu Lisnic, CFA, Senior Analyst for New York-based independent research firm Spelman Research, which recently initiated coverage on PUBC, has issued a research report on PUBC, rating it a Speculative Buy with an 18-month target price. To view the full report, including Spelman’s target price for PUCB’s stock, please visit either www.spelmanresearch.com/reports/504.pdf or www.publiccompanymanagement.com/spelman-4-12-05.pdf. 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’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.

Sergiu Lisnic, CFA worked as an analyst for Evanston Capital Advisors for a year and subsequently served for two years as a financial analyst in a gas distribution and a FMCG company. He was primarily responsible for financial statement analysis, budgeting and reporting to shareholders. Mr. Lisnic earned the CFA title in October 2003.

PUBC will host its annual shareholders’ meeting on May 14, 2005 in Las Vegas, NV.

About Spelman Research

Spelman Research Associates, ltd, is an independent fee based research, publishing and distribution firm whose contract analyst adhere to the ethics and standards of the Association for Investment Research Management. The views expressed in their research report reflect the analyst’s personal views about the issuer and its securities. Opinions and recommendations contained in their 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 mentioned above. The analysts are responsible only to the public and their report is not a service to the company. They received a fee of $23,500 from the company for one year’s coverage. Neither the Analysts nor the company own equity or debt securities of the companies on which our contract analysts report. More information about Spelman Research’s policies are available at www.spelmanresearch.com. Spelman Research Associates, Ltd., 410 Park Avenue, Suite 1530, New York City, NY 10022, Phone: (917) 210 8505, Fax: (917) 210 8182, e-mail: info@spelmanresearch.com.

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.