Rick's Cabaret International, Inc. Reports $2.8 Million In Nightclub Sales For May, Another Monthly Record
HOUSTON-(June 7, 2007)-Rick's Cabaret International, Inc.
operator of upscale gentlemen's clubs, said today its May 2007 nightclub
sales were $2,831,807, the highest monthly revenue on record for
Sales at its clubs were 42 percent higher than the $1,983,866 reported
in May 2006. The company also said its monthly same-club sales were
$2,172,329, representing a nearly 9 percent increase over the previous
May year-over-year sales increases were driven by continued growth
in the company's midtown Manhattan club and contributions from newly
acquired clubs in Austin, Ft. Worth and San Antonio.
"We are very pleased with the sustained growth in revenues
at both our existing clubs and our new ventures, with the Ft. Worth
acquisition turning in particularly strong numbers that should continue
to grow," said Eric Langan
, President and
CEO of Rick's Cabaret.
The previous high monthly nightclub revenue for the company was
$2,485,043 reported in April 2007.
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.