VCG Holding Corp. Names Brent Lewis as Chief Financial Officer
July 18 2007 - 2:15PM
Business Wire
VCG Holding Corp. (AMEX: PTT), a leading consolidator and operator
of adult nightclubs, announced today that it has hired Brent Lewis
as its Chief Financial Officer, effective immediately. Donald W.
Prosser will remain with the company as Chief Accounting Officer
and will assume the newly created position of Assistant CFO. Mr.
Lewis joins VCG Holding Corp. with over 25 years of experience in
both public accounting and corporate finance. He has extensive
experience working with publicly traded companies in corporate
governance and Sarbanes-Oxley compliance. Most recently, Mr. Lewis
served as CFO for Ingersoll Products Co. and W. Holdings Co.
Previously, Mr. Lewis served as CEO of his own public accounting
and financial management professional services firm, which
specialized in offering CFO and controller services on a contract
basis. Mr. Lewis also has held the CFO position in a large,
publicly traded healthcare conglomerate and two high-tech
companies. Mr. Lewis holds a BS in Accountancy from Northern
Arizona University and a Master's in Business from Tulane
University. �We are excited to have Brent join the management team
at VCG Holding Corp. His knowledge and expertise will allow VCG to
maintain its aggressive growth strategy and better communicate the
company�s tremendous earnings potential to the investment
community,� said Chairman and CEO Troy Lowrie. About VCG Holding
Corp. VCG Holding Corp. is an owner, operator and consolidator of
adult nightclubs throughout the United States. The Company
currently owns 14 adult nightclubs and one upscale dance lounge.
The night clubs are located in Indianapolis, St. Louis, Denver,
Colorado Springs, Raleigh, Minneapolis, and Louisville.
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) growth in the
nightclub industry and the general economy; changes in monetary and
fiscal policies, laws and regulations; war, insurrection and/or
terrorist attacks on United States soil; and other risks identified
from time to time in the Company�s SEC reports, including the
Annual Report on Form 10-KSB for 2006, Quarterly Reports on Form
10-QSB and 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.
Vcg (AMEX:PTT)
Historical Stock Chart
From May 2024 to Jun 2024
Vcg (AMEX:PTT)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Vcg Holding Corp (American Stock Exchange): 0 recent articles
More VCG Holding Corp. News Articles