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Rick's Cabaret Sets New Record For Monthly Nightclub Sales; March Revenues Exceed $2.1 Million
(April 6, 2006)
- Rick's Cabaret International, Inc.
, today reported nightclub sales in March 2006 of $2,121,370, the highest monthly revenue level in the history of the national chain of gentlemen's nightclubs. March was the second consecutive month in which nightclub revenues exceeded $2 million, exceeding last year's March sales of $1,213,086 by 74.9 percent.
Monthly same-club sales increased 27.3 percent to $1,544,448 from $1,213,086 in the previous year.
The company's total nightclub revenues for the second fiscal quarter were $5,907,050 compared with $3,251,778 in the previous year.
"Breaking the two million level in March was a great accomplishment and was due in large part to the continued strong growth of our flagship New York City nightclub, where sales were up 35 percent from February," said
Eric Langan, President and CEO
of Rick's Cabaret. "All of our clubs are benefiting from customer loyalty and increased marketing programs that are aimed at building the Rick's Cabaret brand name nationally," he added.
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,