Rick's Cabaret To Announce Third Quarter Earnings August 14th, With Conference Call At 4:30 PM And "Due Diligence Ball" In NYC

Company Will Make Presentation to New York's Financial Analysts and Money Management Society Meeting on August 16th

(August 9, 2006)- Rick's Cabaret International, Inc. [NASDAQ:RICK], will report earnings for its third quarter ended June 30, 2006 on Monday, August 14th, with a conference call at 4:30 p.m. EDT.

The conference call, led by company CEO Eric Langan, will webcast live on the Rick's Cabaret website (www.ricks.com) and will be available to callers toll free at 877-407-8031 (Live participant dial in for international callers is 201-689-8031).

Following the conference call Mr. Langan will be the host of the third Due Diligence Ball at Rick's Cabaret-NYC, 50 West 33rd Street. Admission will be free to financial industry professionals and investors, from 6:30 p.m. to 11 p.m. and all drinks will be $7. "The DD Ball gives investors an opportunity to see exactly how our clubs operate and they've been a very popular evening for everyone," Mr. Langan said.

On Wednesday, August 16th at 6 p.m. EDT, Mr. Langan will discuss the company and its strategies at the New York Financial Analysts and Money Management Society August meeting (details at www.famms.org/). It is the company's second appearance before the FAMMS group, which initially hosted Rick's Cabaret last October. An outline of the presentation will be available the evening of August 16th on the company's website, www.ricks.com.

About Rick's Cabaret
Rick's Cabaret International, Inc. (NASDAQ: RICK, www.ricks.com) 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, www.couplestouch.com, and a network of online adult auction sites under the flagship URL www.naughtybids.com. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact [email protected] or visit www.ricks.com.

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, 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]