VCG Holding Corp.'s President and Chief Operating Officer Elected Vice Chairman of Missouri's Small Business Regulatory Fairness
January 22 2008 - 8:00AM
Business Wire
VCG Holding Corp. (NASDAQ: VCGH), a growing and leading
consolidator and operator of adult nightclubs, today announced that
Micheal Ocello, President and Chief Operating Officer of VCG
Holding Corp., was elected Vice Chairman of Missouri�s Small
Business Regulatory Fairness Board (SBRFB). Mr. Ocello serves on
the SBRFB with five other Missouri business leaders and two state
legislators. Mr. Ocello was appointed to this State Board by the
Senate Minority Leader of Missouri�s General Assembly. This board
was modeled after the United States Small Business Administration�s
Office of Advocacy and National Ombudsman, which serves as voices
for small businesses in the federal Government. The board conducts
statewide hearings with the State�s Agency�s, solicits input from
small businesses and reports directly to the General Assembly and
the Governor of the state of Missouri. Troy Lowrie, Chairman and
CEO of VCG Holding, stated, �We are very proud of Micheal�s
appointment to this prestigious post within Missouri�s state
government. Micheal is a dedicated and concerned citizen who brings
a vast amount of small business and entrepreneurial experience to
the SBRFB. We are pleased that Micheal, VCG Holding and the adult
entertainment industry are being recognized for their commitments
to civic duties and ability to work hand in hand with lawmakers and
social organizations for a common purpose. Knowing Micheal so well,
I know he will be a significant contributor to SBRFB�s success.�
About VCG Holding Corp. VCG Holding Corp. is an owner, operator,
and consolidator of adult nightclubs throughout the United States.
The Company currently owns 19 adult nightclubs(a) 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. (a) Subject to one
(1) nightclub pending license approval
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