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Adult Entertainment Capital Buys 5% of Stiletto Magazine

Adult Entertainment Capital Buys 5% of Stiletto Magazine
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Oct 6, 2008 11:00 AM PDT    Text size: 
TUSTIN, Calif. — Investment fund Adult Entertainment Capital Inc. agreed last week to retain a 5 percent stake in the adult nightclub publication Stiletto magazine.

"Although Adult Entertainment Capital does not invest in singular publications as a rule, we made the decision to invest in the niche market and broadcast opportunities that exist with Stiletto magazine considering publisher Gary Gottlieb's forwardlooking business plans," AEC President Milton "Todd" Ault III said.

Stiletto Magazine is distributed free at entertainment venues, adult and mainstream retailers, lifestyle events and newsracks in Nevada and California. The circulation is reported at 60,000, with 12,000 entertainers, 10,000 adult nightclub staff and management, and 38,000 club patrons and adult entertainment consumers composing the average reported readership per issue.

"We provide news not only related to the adult nightclubs, but we also cover all adult industry news, along with signature insider authored columns that are exclusive to Stiletto," Gottlieb said. "We pride ourselves in providing provocative pictures and stimulating stories to an audience across all demographics, while remaining a PG-13 rated publication."

AEC, which launched in September, is a publicly traded investment and financial services company working with the adult entertainment industry.

AEC currently trades over the counter through stock symbol ADLE.OB. The company's portfolio companies include Internet Lending Group and ILGBill, Rock Candy Entertainment, ComedyNet and Stiletto Magazine.

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