Rick's Cabaret Will Hold Conference Call August 14th To Discuss Third Quarter Results And Later Stage A "Due Diligence Ball" At Its New York City Club
HOUSTON-(August 8, 2007)-Rick's Cabaret International, Inc.
will release its third quarter 2007 results on August 14th, followed
by a conference call/webcast
hosted by President
and CEO Eric Langan
and later host a "Due
" for financial industry professionals
at the company's New York City nightclub.
Results for the quarter ended June 30, 2007 are scheduled to be
filed with the SEC August 14th. The conference call is scheduled
to begin at 4:30 p.m. EDT to allow securities analysts and shareholders
the opportunity to hear Mr. Langan and Rick's Cabaret CFO Phillip
Marshall discuss the company's quarterly results.
The call is being webcast with slides by Shareholder.com
and can be accessed through the Rick’s Cabaret website (www.ricks.com
The toll free live participant dial-in number for callers from the
U.S. and Canada is 800-361-0912
, while international
callers can use 913-981-5559
. The conference call
will be available for replay for 14 days after the event at 888-203-1112
(U.S. and Canada) and 719-457-0820 (international). Replay passcode:
The "Due Diligence Ball
" events at the
Rick's Cabaret/New York City nightclub (50 West 33rd Street between
Fifth and Broadway), have become popular among financial community
professionals, who get a chance to see the company in operation.
Guests receive free admission and hors d'œuvres, and can purchase
all drinks for $7 from 6 p.m. to 9 p.m. To RSVP please email [email protected]
During the conference call Mr. Langan will discuss the results of
two recent record-setting months for revenues at the company's nightclubs,
May with $2,831,807 and June with $2,956,787. The July sales of
$2,948,534, which represented a 54 percent gain over July 2006,
will be included in the company's fourth quarter results.
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; the Company's ability to identify and secure suitable
locations for new nightclubs on acceptable terms, open the anticipated
number of new nightclubs on time and within budget; achieve anticipated
rates of same-store sales; hire and train additional nightclub personnel
and integrate new nightclubs into its operations; unexpected increases
in costs of sales or employee, pre-opening or other expenses; the
economic conditions in the new markets into which the Company expands
and possible uncertainties in the customer base in these areas;
fluctuations in quarterly operating results; the impact of any negative
publicity or public attitudes; competitive pressure from other national
and regional nightclub chains; 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.