Rick's Cabaret Converts Its Charlotte Location To An Upscale Club Onyx; It Will Cater To African-American Gentlemen

CHARLOTTE -(December 11, 2006)- Rick's Cabaret International, Inc. [NASDAQ:RICK], the publicly traded chain of gentlemen's clubs, is converting its Charlotte location to Club Onyx, an upscale gentlemen's club catering to African-American men. The new club at 5300 Old Pineville Road will have a gala three-night grand opening December 14th – 16th.   
 
The grand opening will be highlighted by special guest DJs from Power 98, the market-leading Charlotte hip hop station, plus, R.P. Cola, the famous DJ from the Houston Club Onyx, who is associated with top hip hop artists. The celebrated Club Onyx Feature Dancers will fly in from Houston to perform each night of the grand opening gala.
 
The new Charlotte night spot is the third Club Onyx launched by Rick's Cabaret, which pioneered the concept of an adult nightclub featuring topless dancers in a luxurious setting in the 1980s. This theme was extended to serve the African-American demographic in Houston in 2004 when the first Club Onyx opened. It has become particularly popular among professional athletes and is now part of the city's burgeoning hip-hop music scene. Another Club Onyx opened in San Antonio in July of this year.
"Club Onyx will be a great fit in Charlotte, which has a sizeable and powerful African-American population that is perfect for this concept – pro athletes, lawyers and businessmen, doctors, musicians and other people who enjoy mingling with beautiful women, hearing great music and eating terrific food in a very upscale and welcoming setting," said Eric Langan, CEO of Rick's Cabaret.  "From a business standpoint, we feel Club Onyx will offer us a very attractive opportunity in this rapidly growing market."
 
Mr. Langan added, "The Club Onyx concept emphasizes entertainers of all ethnic origins, music selected by gifted DJs, comfortable 'three-hour' seating and the hospitality for which all Rick's Cabaret establishments are famous."
 
Rick's Cabaret acquired the 30,000 square foot Charlotte club in mid 2005. In addition to the cabaret, the venue also hosts a traditional nightclub and a club that features entertainment by male dancers for women.

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 press release may contain 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]