Rick's Cabaret International, Inc. Expects Positive Guidance Update During Second Quarter Conference Call In May

HOUSTON - (April 10, 2008) - Rick's Cabaret International, Inc. [NASDAQ-GM:RICK], the nation's premier operator of upscale gentlemen's clubs, said today it expects to exceed current earnings guidance when it updates its projections during its second quarter conference call in May.

"Planned acquisitions and organic growth are coming in on schedule," said Eric Langan, President and CEO of the company. "We will file our quarterly report on time and will also update guidance during the call. We believe we will exceed the current consensus for second quarter results that will be reported in May, given that we have not seen any falloff in nightclub revenues. Sales totaled $15,286,097 in the second quarter, equivalent to a 107 percent increase over the same quarter 2007, and we had an 8.3 percent increase in same store sales in the quarter over the previous year. This increase exceeds our current projections of 6 percent annual organic growth."

The company also has scheduled several investor events in April, including a presentation at the 57th Equities Magazine Conference in New York City on April 18, and the LD Micro Cap Conference in Los Angeles April 29. In addition the company will host a "Philadelphia Due Diligence Party" for investors during the grand opening of its new club in Philadelphia, on April 24. For further information, visit the Rick's Cabaret website at www.ricks.com.

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 naughtybids.com. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact [email protected].

Forward-Looking Statements:
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.

Contact for further information: Allan Priaulx, 212-338-0050, [email protected]