VCG Holding Corp. to Move to the NASDAQ Global Market
18 December 2007 - 12:05AM
Business Wire
VCG Holding Corp. (AMEX: PTT), a growing and leading consolidator
and operator of adult nightclubs, today announced it has been
approved to move the listing of its common stock from the American
Stock Exchange to The NASDAQ Global Market�. The Company
anticipates that its common stock will commence trading on NASDAQ
under the symbol "VCGH" on December 28, 2007. Troy Lowrie, Chairman
and CEO of VCG Holding, stated �We elected to transfer our listing
after careful consideration of the capital market alternatives,
input from institutional investors and an analysis of the
electronic market model. NASDAQ promotes innovation and attracts
leading growth companies from a diverse group of sectors. We are
looking forward to being a part of The NASDAQ Global Market� and
the world�s largest electronic stock market.� Bob McCooey, SVP of
NASDAQ New Listings said: "VCG Holding Corp is a fast growing
company with an excellent outlook. We are honored that they have
selected NASDAQ, the home of many industry leaders, as the best
market for their investors." About VCG Holding Corp. VCG Holding
Corp. is an owner, operator and consolidator of adult nightclubs
throughout the United States. The Company currently owns 18 adult
nightclubs and one upscale dance lounge. The night clubs are
located in Indianapolis, IN, St. Louis, MO, Denver and Colorado
Springs, CO, Ft. Worth and Dallas, TX, Raleigh, NC, Minneapolis,
MN, Louisville, KY, Portland, ME, and Miami, FL. Forward-Looking
Statements: Certain statements in this release are forward-looking
statements within the meaning of the Securities Litigation Reform
Act of 1995. Such statements are based on current expectations,
estimates and projections about the Company�s business based, in
part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements due to numerous
factors identified from time to time in the Company�s reports with
the Securities and Exchange Commission, including our Annual Report
on Form 10-KSB for the year ended December 31, 2006. All
forward-looking statements attributable to us or any persons acting
on our behalf are expressly qualified in their entirety by these
cautionary statements. All guidance and forward-looking statements
in this press release are made as of the date hereof and we do not
undertake any obligation to update any forecast or forward-looking
statements, except as may be required by law.
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