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Rick's Cabaret Reports January 2006 Nightclub Sales Up 78.9% Over Previous Year; Same Store Sales Grow 27.7%
(February 9, 2006)
- Rick's Cabaret International, Inc.
, said today its
consolidated adult nightclub sales for January 2006 increased by 78.9 percent
over the same month last year.
Same-club-same-period nightclub monthly revenue rose by 27.7 percent
over January 2004.
Total nightclub revenue for the month of January 2006 was $1,758,455, compared with $982,800 in January 2004. Same club sales in January 2006 were $1,255,396 compared with $982,800. The figures do not include revenues from the company's Internet activities or from discontinued operations.
"Club Onyx in Houston, the XTC Club in Austin and the Rick's Cabaret clubs in New York City and Minneapolis all performed very well in January as our brand name awareness marketing programs throughout the system continue to have a positive impact," said CEO
About Rick's Cabaret
Rick's Cabaret International, Inc. (NASDAQ: RICK,
) operates upscale adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant and bar operations. The company owns, operates or licenses adult nightclubs in New York City, New Orleans, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "XTC," "Club Onyx" and "Hummers." No sexual contact is permitted at any of these locations. Rick's Cabaret also owns the adult Internet membership Web site,
, and a network of nine online auction sites for adult products under the flagship URL
. Rick's Cabaret common stock is traded on the NASDAQ SmallCap market under the symbol RICK. For further information contact
This document contains forward-looking statements that involve a number of risks and uncertainties that could cause the company’s actual results to differ materially from those indicated in this document, including the risks and uncertainties associated with operating and managing an adult business, the business climates in New York City and elsewhere, the success or lack thereof in launching and building the company’s businesses in New York City and elsewhere, risks and uncertainties related to the operational and financial results of our Web sites, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. Rick's has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances. For further information go to
Contact for further information: Allan Priaulx, 212-338-0050,