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dex991.htm
PRESS RELEASE
Press Release
PRESS RELEASE
VCG Holding Corp (ticker: PTT, exchange: AMEX) News Release
October 18, 2004
VCG Holding Corp Finalizes Purchase of Diamond Cabaret Denver
DENVER-(BUSINESS WIRE)-October 18, 2004-VCG Holding Corp. (AMEX: PTT),
VCG Holding Corp. (VCG), a nationwide owner/operator of adult nightclubs, announced today that on October 8, 2004 it closed
a previously announced acquisition of assets of CCCG, Inc., a Colorado corporation, d/b/a Diamond Cabaret. The closing occurred upon the transfer of the liquor license and the payment of the purchase price in the amount of US$6,000,000, paid in
cash. Troy Lowrie, VCG's Chief Executive Officer, commented: "The Diamond Cabaret has long been one of the top clubs in the United States. The acquisition will be a great addition to the VCG family and compliment the existing Denver
clubs."
About VCG Holding Corp.
VCG is an owner, operator and consolidator of upscale adult nightclubs
throughout the United States. The company currently owns seven adult nightclubs, of which one is under construction, and operates nine more clubs on management agreements. The owned and managed clubs are located in Indianapolis, Memphis, St. Louis,
Denver, Phoenix, Louisville, and Honolulu.
Forward-looking statements
Statements contained in this press release concerning
future results, performance or expectations are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include
statements regarding the intent, belief or current expectations of the Company and members of its management team, as well as assumptions on which such statements are based. All forward-looking statements in this press release are based upon
information available to the Company on the date of this press release. Forward-looking statements involve a number of risks and uncertainties, and other factors, that could cause actual results, performance or developments to differ materially from
those expressed or implied by those forward-looking statements including the following: failure of facts to conform to necessary management estimates and assumptions; the Company's ability to identify and secure suitable locations for new
nightclubs on acceptable terms, open the anticipated number of new nightclubs on time and within budget, achieve anticipated rates of same-store sales, hire and train additional nightclub personnel and integrate new nightclubs into its operations;
the continued implementation of the Company's business discipline over a large nightclub base; unexpected increases in cost of sales or employee, pre-opening or other expenses; the economic conditions in the new markets into which the Company
expands and possible uncertainties in the customer base in these areas; fluctuations in quarterly operating results; seasonality; changes in customer spending patterns; the impact of any negative publicity or public attitudes; competitive pressures
from other national and regional nightclub chains; business conditions, such as inflation or a recession, or other
negative effect on nightclub patterns, or some other negative effect on the economy, in general, including (without limitation) war, insurrection and/or terrorist attacks on United States soil; growth in the nightclub industry and the general
economy; changes in monetary and fiscal policies, laws and regulations; and other risks identified from time to time in the Company's SEC reports, including the annual report on Form 10-K for 2003 and its current reports on Form 8-K,
registration statements, press releases and other communications. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future
operating results over time.
Contact:
Troy H. Lowrie, CEO
Micheal Ocello, President
Donald W Prosser, CFO
VCG Holding Corporation
390 Union Blvd, Suite 540
Lakewood, Colorado 80228
Telephone
303.934.2424
Facsimile
303-922.0746
Email:
tlowrie@vcgh.com
dprosser@vcgh.com
mocello@vcgh.com

EX - 99 . 1 4 dex991 . htm PRESS RELEASE Press Release PRESS RELEASE VCG Holding Corp ( ticker : PTT , exchange : AMEX ) News Release October 18 , 2004 VCG Holding Corp Finalizes Purchase of Diamond Cabaret Denver DENVER - ( BUSINESS WIRE ) - October 18 , 2004 - VCG Holding Corp . ( AMEX : PTT ) , VCG Holding Corp . ( VCG ) , a nationwide owner / operator of adult nightclubs , announced today that on October 8 , 2004 it closed a previously announced acquisition of assets of CCCG , Inc . , a Colorado corporation , d / b / a Diamond Cabaret . The closing occurred upon the transfer of the liquor license and the payment of the purchase price in the amount of US$ 6,000,000 , paid in cash . Troy Lowrie , VCG 's Chief Executive Officer , commented : " The Diamond Cabaret has long been one of the top clubs in the United States . The acquisition will be a great addition to the VCG family and compliment the existing Denver clubs . " About VCG Holding Corp . VCG is an owner , operator and consolidator of upscale adult nightclubs throughout the United States . The company currently owns seven adult nightclubs , of which one is under construction , and operates nine more clubs on management agreements . The owned and managed clubs are located in Indianapolis , Memphis , St . Louis , Denver , Phoenix , Louisville , and Honolulu . Forward - looking statements Statements contained in this press release concerning future results , performance or expectations are forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 , as amended , and Section 21E of the Securities Exchange Act of 1934 , as amended . These statements include statements regarding the intent , belief or current expectations of the Company and members of its management team , as well as assumptions on which such statements are based . All forward - looking statements in this press release are based upon information available to the Company on the date of this press release . Forward - looking statements involve a number of risks and uncertainties , and other factors , that could cause actual results , performance or developments to differ materially from those expressed or implied by those forward - looking statements including the following : failure of facts to conform to necessary management estimates and assumptions ; the Company 's ability to identify and secure suitable locations for new nightclubs on acceptable terms , open the anticipated number of new nightclubs on time and within budget , achieve anticipated rates of same - store sales , hire and train additional nightclub personnel and integrate new nightclubs into its operations ; the continued implementation of the Company 's business discipline over a large nightclub base ; unexpected increases in cost of sales or employee , pre - opening or other expenses ; the economic conditions in the new markets into which the Company expands and possible uncertainties in the customer base in these areas ; fluctuations in quarterly operating results ; seasonality ; changes in customer spending patterns ; the impact of any negative publicity or public attitudes ; competitive pressures from other national and regional nightclub chains ; business conditions , such as inflation or a recession , or other negative effect on nightclub patterns , or some other negative effect on the economy , in general , including ( without limitation ) war , insurrection and / or terrorist attacks on United States soil ; growth in the nightclub industry and the general economy ; changes in monetary and fiscal policies , laws and regulations ; and other risks identified from time to time in the Company 's SEC reports , including the annual report on Form 10 - K for 2003 and its current reports on Form 8 - K , registration statements , press releases and other communications . The Company undertakes no obligation to update or revise forward - looking statements to reflect changed assumptions , the occurrence of unanticipated events or changes to future operating results over time . Contact : Troy H . Lowrie , CEO Micheal Ocello , President Donald W Prosser , CFO VCG Holding Corporation 390 Union Blvd , Suite 540 Lakewood , Colorado 80228 Telephone 303 . 934 . 2424 Facsimile 303 - 922 . 0746 Email : tlowrie@vcgh.com dprosser@vcgh.com mocello@vcgh.com