Rick's Cabaret Reports Record Monthly Nightclub Revenues with Sales of More Than $2.5 Million in December

HOUSTON -(January 9, 2007)- Rick's Cabaret International, Inc. [NASDAQ:RICK], the publicly traded national chain of gentlemen's clubs, recorded sales in its nightclubs of $2,534,659 in December 2006, setting a new record for the company.

Sales were up nearly 31 percent from the previous December, led by an 80 percent increase in revenues at the company's flagship New York City club, as well as strong sales at the new Club Onyx in Charlotte, NC, which was launched in mid-December after its conversion to the Onyx brand from Rick's Cabaret.

"We are very happy with our overall performance in December and believe we are well on our way to achieving our goal of approximately a 40 percent companywide revenue increase during fiscal 2007," said Eric Langan, President and CEO of Rick's Cabaret. "The total for the month exceeded our previous best month, which was September 2005 when we had nightclub sales of $2,183,660."

Quarterly revenues from the company's nightclub segment for the first quarter ending December 31, 2006 are $6,829,350, an increase of nearly 23 percent compared with the $5,562,390 registered in the first quarter of 2005.
Monthly same club sales for the chain in December were $2,240,282, a nearly 16 percent increase over December 2005, when sales at existing clubs totaled $1,936,634. New clubs in Austin and San Antonio have also begun to contribute to the company‚s top line, with $294,377 in revenues in December.

The company said that because of subsequent reconciliations, previous year figures may be slightly different from those originally announced.

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]