VCG Holding Corp. Receives Noncompliance Warning Letter from the Amex
March 29 2007 - 5:36PM
Business Wire
VCG Holding Corp. (AMEX: PTT) (the �Company�) reported that it
received a warning letter from the American Stock Exchange (�Amex�
or the "Exchange") indicating that the Company is not in compliance
with certain Amex continued listing standards. In particular,
Section�301 of the Amex Company Guide (the �Company Guide�), among
other things, prohibits the issuance of additional shares of a
listed class of securities until the issuer has applied for and
received approval to list such shares on the Exchange. The
Company�s common stock is listed on the Exchange under the trading
symbol �PTT�. On March 7, 2007 (prior to receiving the Amex warning
letter), the Company voluntarily filed an application with the
Exchange for an additional listing of 6,862,273 shares of the
Company�s common stock (the �Shares�). In connection with this
application, the Company notified Amex that the Company discovered
its inadvertent failure to file listing applications for the
issuances of the Shares between November 2004 and February 2007.
The Company is working with Amex to ensure that the Shares are
properly listed with the Exchange. The Company will be included in
a list of issuers, posted daily on www.amex.com, that are not in
compliance with Amex continued listing standards. In addition,
�.BC� (below compliance) will be appended to the Company�s symbol
�PTT� on the Consolidated Tape Association�s Consolidated Tape
System and Consolidated Quote System�s Low Speed and High Speed
tapes until the Company has complied with all applicable listing
standards. The indicator will not change the Company�s trading
symbol, but will be disseminated whenever the Company�s symbol is
transmitted with a quotation or trade. Both the website posting and
indicator will remain in effect until the Company has regained
compliance with applicable Exchange listing standards. About VCG
Holding Corp. VCG Holding Corp. is an owner, operator and
consolidator of adult nightclubs throughout the United States. The
Company currently owns twelve adult nightclubs and one upscale
dance lounge. The owned clubs are located in Indianapolis, St.
Louis, Denver, Colorado Springs, and Louisville.
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