Brothel To Sell Its Namesake - Will Focus On Strip Clubs Instead

[matcom]

<snip>

MELBOURNE (Reuters) - There's more money in owning strip clubs than being landlord for a brothel, Australia's Daily Planet Ltd said on Tuesday as it announced plans to sell its namesake bordello.

And while sex may sell, it scares off the investors and bankers Australia's first listed brothel property owner says it needs to spur its growth plans.

One year after making a splash with its debut on the Australian Stock Exchange, Daily Planet said it would change its name and focus on expanding into strip clubs.

"Whilst the Daily Planet brand was a great launch platform for us, we've had a lot of resistance from shareholders and advisers because of the perception that we're in the prostitution business," Chief Executive Andrew Harris told Reuters.

http://story.news.yahoo.com/news?tmpl=story&cid=573&ncid=573&e=1&u=/nm/20040420/od_nm/dailyplanet_dc

[truthspeaker]

1. this investor isn't scared! I'm calling my broker.