VCG Holding Corp. Retains Consulting Firm to Analyze Mergers and Acquisitions
November 15 2006 - 1:40PM
Business Wire
VCG Holding Corp. (AMEX: PTT), a leading consolidator and operator
of adult nightclubs, announced today the signing of a consulting
agreement with Montgomery Street Research, LLC (�Montgomery�),
dated November 14, 2006. Under this three-year agreement,
Montgomery will assist VCG in strategic planning for potential
mergers, acquisitions, and strategic relationships as well as
distribution of research reports to the broker-dealer and
investment community. Specifically, Montgomery will assist VCG in
studying the feasibility, fairness and valuation of the previously
obtained �first right� to purchase six adult nightclubs currently
owned privately by VCG�s CEO and Chairman, Troy Lowrie. Donald
Prosser, Chief Financial Officer of VCG stated, �We believe that
having Montgomery Street Research�s expertise would greatly enhance
our company�s acquisition research and analytical capabilities and
will be particularly beneficial in VCG�s evaluating the potential
accretive value of additional nightclubs to its current business.�
About VCG Holding Corp. VCG Holding Corp. is an owner, operator and
consolidator of adult nightclubs throughout the United States. The
Company currently owns seven adult nightclubs, one upscale dance
lounge and operates six other adult nightclubs under management
agreements. The owned and managed clubs are located in
Indianapolis, St. Louis, Denver, Colorado Springs, Phoenix, and
Louisville. Forward-looking statements Statements contained in this
press release concerning future results, performance or
expectations are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements include statements regarding the intent, belief or
current expectations of the Company and members of its management
team, as well as assumptions on which such statements are based.
All forward-looking statements in this press release are based upon
information available to the Company on the date of this press
release. Forward-looking statements involve a number of risks and
uncertainties, and other factors, that could cause actual results,
performance or developments to differ materially from those
expressed or implied by those forward-looking statements including
the following: failure of facts to conform to necessary management
estimates and assumptions; the Company�s ability to identify and
secure suitable locations for new nightclubs on acceptable terms,
open the anticipated number of new nightclubs on time and within
budget, achieve anticipated rates of same-store sales, hire and
train additional nightclub personnel and integrate new nightclubs
into its operations; the continued implementation of the Company�s
business discipline over a large nightclub base; unexpected
increases in cost of sales or employee, pre-opening or other
expenses; the economic conditions in the new markets into which the
Company expands and possible uncertainties in the customer base in
these areas; fluctuations in quarterly operating results;
seasonality; changes in customer spending patterns; the impact of
any negative publicity or public attitudes; competitive pressures
from other national and regional nightclub chains; business
conditions, such as inflation or a recession, or other negative
effect on nightclub patterns, or some other negative effect on the
economy, in general, including (without limitation) growth in the
nightclub industry and the general economy; changes in monetary and
fiscal policies, laws and regulations; war, insurrection and/or
terrorist attacks on United States soil; and other risks identified
from time to time in the Company�s SEC reports, including the
Annual Report on Form 10-KSB for 2005, Quarterly Reports on Form
10-QSB and Current Reports on Form 8-K, registration statements,
press releases and other communications. The Company undertakes no
obligation to update or revise forward-looking statements to
reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results over time. VCG Holding Corp.
(AMEX: PTT), a leading consolidator and operator of adult
nightclubs, announced today the signing of a consulting agreement
with Montgomery Street Research, LLC ("Montgomery"), dated November
14, 2006. Under this three-year agreement, Montgomery will assist
VCG in strategic planning for potential mergers, acquisitions, and
strategic relationships as well as distribution of research reports
to the broker-dealer and investment community. Specifically,
Montgomery will assist VCG in studying the feasibility, fairness
and valuation of the previously obtained "first right" to purchase
six adult nightclubs currently owned privately by VCG's CEO and
Chairman, Troy Lowrie. Donald Prosser, Chief Financial Officer of
VCG stated, "We believe that having Montgomery Street Research's
expertise would greatly enhance our company's acquisition research
and analytical capabilities and will be particularly beneficial in
VCG's evaluating the potential accretive value of additional
nightclubs to its current business." About VCG Holding Corp. VCG
Holding Corp. is an owner, operator and consolidator of adult
nightclubs throughout the United States. The Company currently owns
seven adult nightclubs, one upscale dance lounge and operates six
other adult nightclubs under management agreements. The owned and
managed clubs are located in Indianapolis, St. Louis, Denver,
Colorado Springs, Phoenix, and Louisville. Forward-looking
statements Statements contained in this press release concerning
future results, performance or expectations are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements include statements regarding
the intent, belief or current expectations of the Company and
members of its management team, as well as assumptions on which
such statements are based. All forward-looking statements in this
press release are based upon information available to the Company
on the date of this press release. Forward-looking statements
involve a number of risks and uncertainties, and other factors,
that could cause actual results, performance or developments to
differ materially from those expressed or implied by those
forward-looking statements including the following: failure of
facts to conform to necessary management estimates and assumptions;
the Company's ability to identify and secure suitable locations for
new nightclubs on acceptable terms, open the anticipated number of
new nightclubs on time and within budget, achieve anticipated rates
of same-store sales, hire and train additional nightclub personnel
and integrate new nightclubs into its operations; the continued
implementation of the Company's business discipline over a large
nightclub base; unexpected increases in cost of sales or employee,
pre-opening or other expenses; the economic conditions in the new
markets into which the Company expands and possible uncertainties
in the customer base in these areas; fluctuations in quarterly
operating results; seasonality; changes in customer spending
patterns; the impact of any negative publicity or public attitudes;
competitive pressures from other national and regional nightclub
chains; business conditions, such as inflation or a recession, or
other negative effect on nightclub patterns, or some other negative
effect on the economy, in general, including (without limitation)
growth in the nightclub industry and the general economy; changes
in monetary and fiscal policies, laws and regulations; war,
insurrection and/or terrorist attacks on United States soil; and
other risks identified from time to time in the Company's SEC
reports, including the Annual Report on Form 10-KSB for 2005,
Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K,
registration statements, press releases and other communications.
The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results over time.
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