Rick's Cabaret August Nightclub Sales Exceed $2 Million, Up 61.52 Perecent Over Prior Year
HOUSTON -(September 6, 2006)- Rick’s Cabaret
International, Inc. [NASDAQ:RICK]
recorded nightclub sales of $2,039,605 in the month of August, a
61.52 percent increase over the total of $1,262,726 for the same
month in the previous year.
"We are pleased with the continuing overall growth of our nightclub
business and we are particularly happy with the performance of the
Rick's Cabaret clubs in New York City and Minneapolis, and our XTC
club in San Antonio," said Eric Langan, President and CEO of
Same club sales in August 2006 were $1,426,069, compared with $1,262,726
in August 2005. Prior year sales did not include the New York City
Rick's Cabaret, which opened in September 2005, or the two new San
Antonio clubs that were open for only part of the month of August
Sales for the first two months of the company's fourth quarter,
which ends September 30, 2006, were $3,954,569 compared with $2,545,702
for the first two months of last year‚s fourth quarter, an
increase of 55.34 percent.
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
Cabaret common stock is traded on NASDAQ under the symbol RICK.
For further information contact [email protected]
or visit www.ricks.com.
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,