Thanks for the Dollies tip Perpalybaker
Was on a run to Mid Mo. And got a chance to stop in at dollies last Thursday around dark. Found three dreamers avalible. A Rainbow, a Ravin, and a? (shes can't hear or talk much) but I had a good conversation on paper. Ravin was the on I drimped about a/b cup, young skinny thing, with a good attitude, got me going for. 60 will return and maybe a offsight. Was a fair amount skarrrry area, make sure you have a drop wallet!
Thanks for the tip
Coeltrain
Rick's Cabaret to buy VCG
It looks like 4 East-side clubs will have a new owner soon. Rick's Cabaret International, Inc. is in talks with Denver-based VCG Holding Corp. to buy all of VCG's clubs across the nation, including the 4 clubs in our area.
HOUSTON and DENVER, Feb 16, 2010 (GlobeNewswire via COMTEX)
Rick's Cabaret International, Inc. (RICK 12.77, +0.82, +6.86%) , VCG Holding Corp. (VCGH 2.65, +0.06, +2.32%) and Troy Lowrie and his affiliates have signed a letter of intent under which Rick's Cabaret will acquire all of the outstanding shares of VCG Holding to form the largest publicly traded operator of upscale gentlemen's clubs in North America, the two companies announced today.
Rick's Cabaret currently operates 18 nightclubs in seven states while VCG Holding operates 20 clubs in ten states. The two companies had combined revenues of $131.3 million for the 12 month period ending September 30, 2009.
Eric Langan, President and CEO of Rick's Cabaret International, said: "The combination of these two companies will result in a powerful operator that we believe would have generated earnings before income tax and depreciation (EBITDA) for the 12 months ended September 30, 2009 of approximately $25.3 million without any of the add-backs we anticipate we will achieve through synergistic cost savings. I am confident that the combined entities can achieve meaningful savings through streamlined management and elimination of duplicate costs associated with being two separate public companies, including lower legal and accounting expenses."
Troy Lowrie, Chairman and Chief Executive Officer of VCG Holding Corp., said: "We at VCG are very pleased that this merger will create the leading adult entertainment nightclub operator in the United States. There are significant similarities in the companies' cultures and capabilities, and this should ultimately be a great combination for our shareholders, customers, and employees. We believe that the combined company will be better positioned to generate strong financial results and capitalize on future growth opportunities."
Rick's Cabaret International currently operates clubs under the Rick's Cabaret brand in New York City, Las Vegas, Houston, Ft. Worth, Austin, Minneapolis and San Antonio; under the Tootsie's Cabaret brand in Miami; under the XTC Cabaret brand in Austin, Dallas, Houston (two clubs) and San Antonio; under the Club Onyx brand in Houston, Charlotte, Dallas and Philadelphia; and under Cabaret North in Ft. Worth. A Rick's Cabaret in Austin that had been closed temporarily is scheduled to re-open under a new concept next month.
VCG Holding operates Imperial Showgirls in Anaheim; Diamond Cabaret, La Boheme, The Penthouse Club, PT's Showclub, PT's All Nude, all in Denver; PT's Showclub in Colorado Springs, Portland Maine, Louisville and Miami; The Men's Club in Raleigh; [b][u]PT's Brooklyn, PT's Centreville, PT's Sports, The Penthouse Club and Roxy's, all in East St. Louis, Illinois;[/u][/b] Jaguars in Dallas; Jaguars in Ft. Worth; PT's Showclub in Indianapolis; and Schieks Palace Royale in Minneapolis.
"The addition of the PT's Showclub brand and the opportunity to re-brand certain VCG Holding properties as Rick's Cabaret will be a great enhancement to our portfolio," Mr. Langan said. "Troy Lowrie has built a terrific organization that we expect will fit nicely with ours, giving us new strength in the Midwest and Western states in particular and added market strength in key areas where we both now operate competitively. We are pleased that Troy has agreed to stay on as a consultant."
About Rick's Cabaret:
Rick's Cabaret International, Inc. is home to upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret". [b][u]Sexual contact is not permitted at these locations.[/u][/b] Rick's Cabaret also operates a media division, ED Publications, and owns the adult internet membership website [url]www.couplestouch.com[/url] as well as a network of online adult auction sites under the flagship URL [url]www.naughtybids.com[/url]. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact [email]ir@ricks.com[/email].
About VCG Holding Corp.:
VCG Holding Corp. is an owner, operator, and consolidator of adult nightclubs throughout the United States. The Company currently owns 20 adult nightclubs located in Anaheim, Indianapolis, St. Louis, Denver, Colorado Springs, Ft. Worth, Dallas, Raleigh, Minneapolis, Louisville, Miami, and Portland, ME. For further information visit [url]www.vcgh.com[/url].