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Rick's Cabaret Reports April Nightclub Sales Up 67.2 Percent On Strong Same Club Performance
(May 4, 2006)
- Rick's Cabaret International, Inc.
, said revenues from its gentlemen's clubs increased 67.2 percent in April 2006 from the same month a year earlier. The increase was driven by a 25.2 percent increase in same store sales and the impact of the company's upscale New York City location.
Total nightclub sales for April 2006 were $1,916,205, compared with $1,145,980 in 2005. The figures for 2006 include revenues from Rick's Cabaret-NYC, but this location will not be included in same store sales figures until later in the year, since it opened in September 2005. Same store sales in April 2006 were $1,434,426, compared with $1,145,980 last year.
"We are comfortable with the continuing growth of our sales on a year-over-year basis and look forward to maintaining this momentum as we move through the year," said
Eric Langan, President and CEO of Rick's Cabaret
. "April was an important month for us and we exceeded our expectations at Club Onyx in Houston and Rick's Cabaret in Minneapolis."
Rick's Cabaret will announce its second quarter 2006 financial results on May 15th with a conference call scheduled for 4 p.m. The call is being Webcast by Vcall and can be accessed at the Rick's Cabaret website,
. Toll free live participant dial in number in the U.S. is 877-407-8031; international callers should dial 201-689-8031.
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, operates or licenses adult nightclubs in New York City, New Orleans, Houston, Minneapolis, Charlotte and other cities under the names "Rick's Cabaret," "XTC," "Club Onyx" and "Hummers." No sexual contact is permitted at any of these locations. Rick's Cabaret also owns the adult Internet membership Web site,
, and a network of nine online auction sites for adult products under the flagship URL
. Rick's Cabaret common stock is traded on the NASDAQ SmallCap market under the symbol RICK. For further information contact
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
Contact for further information: Allan Priaulx, 212-338-0050,