Rick's Cabaret International, Inc. Names Phillip Marshall As Chief Financial Officer
HOUSTON-(May 30, 2007)-Rick's Cabaret International, Inc.
operator of upscale gentlemen's clubs, said it has named veteran
accountant Phillip Marshall
as its Chief
. He assumes his new duties today.
Mr. Marshall, a Certified Public Accountant licensed in Texas, will
be based at the company's Houston headquarters and will also supervise
financial management systems at the company's 14 clubs in four states.
He first became acquainted with Rick's Cabaret when he audited the
company as a partner at Jackson & Rhodes
"We are delighted that Phil Marshall will assume the CFO position
at Rick's Cabaret," said company president and Chief
Executive Officer Eric Langan
, who had been acting CFO.
"As we continue to acquire more clubs and expand operations,
our accounting needs are becoming increasingly sophisticated. With
his 34 years of experience as a CPA and his familiarity with our
company, he is the ideal person for the job."
Most recently Mr. Marshall was controller of Dorado Exploration,
., an oil and gas exploration and production company,
and previously was chief financial officer of CDT Systems,
., a publicly held water technology company. He began
his public accounting career with the international accounting firm,
KMG Main Hurdman
, where he managed the firm's fifth
largest audit practice. After its merger with Peat Marwick
, he served as an audit partner for
several years. After leaving KPMG, Mr. Marshall was partner
in charge of the audit practice at Jackson & Rhodes in Dallas,
where he specialized in small publicly held companies.
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 and operates or licenses adult nightclubs in New
York City, New Orleans, Charlotte, Houston, Minneapolis and other
cities under the names "Rick's Cabaret," "XTC"
and "Club Onyx." No sexual contact is permitted at any
of these locations. Rick's Cabaret also owns the adult Internet
membership Web site, couplestouch.com
and a network of online adult auction sites under the flagship URL
Cabaret common stock is traded on NASDAQ under the symbol RICK.
For further information contact [email protected]
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 www.ricks.com.