VCGH Vcg Holding Corp. (MM)

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