VCG Holding Corp. Engages Financial Consultants to Assist in its Accounting Until the Search for a CFO is Completed
April 02 2008 - 3:45PM
Business Wire
VCG Holding Corp. (NASDAQ: VCGH), a growing and leading
consolidator and operator of adult nightclubs, today announced that
its Chief Financial Officer and Chief Accounting Officer, Mr. Brent
Lewis, is no longer with the Company effective March 31, 2008. The
Company is conducting a search for a Chief Financial Officer and
has engaged financial consultants on an interim basis to assist
with the preparation of the Company's Form 10-K for the period
ended December 31, 2007, as well as other accounting issues. Troy
Lowrie, Chairman and CEO, stated: �The Company is committed to
providing appropriate financial resources to ensure accurate and
timely reporting of its financial reports. Further, we anticipate
releasing the audited financial results for 2007 within the time
period granted under Form 12B-25.� 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 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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