Rick's Cabaret International, Inc. To Throw A "Miami Due Diligence Ball" At Its Florida Adult Nightclub, Tootsie's Cabaret
MIAMI - (February 19, 2008) - Rick's Cabaret International,
the premier publicly traded operator of gentlemen's clubs, will hold the first-ever Rick's Cabaret Miami Due Diligence Ball for investors on Thursday, March 6, 2008 from 5 to 8 pm at Tootsie's Cabaret in Miami Gardens.
"Investors like to do a careful study of a company and its products before buying the stock, so we're giving serious investors, brokers, portfolio managers, analysts and bankers a chance to visit with our executives and to see up close and in person how our business model works," said Rick's Cabaret President and CEO Eric Langan. "We've held a number of these events at our flagship club in New York City and they've been an essential part of introducing the company to the financial community, plus they are a lot of fun. The investor gets to experience our hospitality, check out our steakhouse and enjoy our superb entertainment."
Rick's Cabaret completed its purchase of Tootsie's Cabaret November 30, 2007 and the next day assumed management of the mega club that won the award for "Best Adult Club of the Southeast" at the 2007 Exotic Dancer Awards Show. Tootsie's was also named the Best Adult Club in Miami by New Times. Xcitement Magazine proclaimed that it "Out Vegas'es Vegas."
"Tootsie's is one of the top ten adult nightclubs in the entire country and is an excellent example of our acquisition strategy at its best," said Mr. Langan, "It's a great club and we've made it even better with several operational changes such as the addition of new VIP facilities and enhancements to the restaurant."
Investors and investment community professionals wishing to attend the Miami Due Diligence Ball on March 6th may request an invitation by emailing [email protected] If you cannot attend, feel free to pass this invitation on to other South Florida investment community professionals you think might be interested in learning more about Rick's Cabaret. We'll send you a confirmation email that will be your ticket for free admission, half-price drinks and a VIP Tour of Tootsie'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 naughtybids.com.
Rick's 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.
for further information: Allan Priaulx, 212-338-0050, [email protected]