Rick's Cabaret September Nightclub Sales Rise 40% to Nearly $2.2 Million
HOUSTON -(October 5, 2006)
- Rick's Cabaret International, Inc.
[NASDAQ:RICK],
reported sales for its chain of adult nightclubs in September were
$2,183,660, an increase of 40.66 percent over the previous year
total of $1,552,413. The strong showing brought nightclub sales
for the company's fourth quarter ending September 30th to $6,138,228,
an increase of 49.78 percent over the fourth quarter of 2005.
Monthly same club sales were up 32 percent to $2,048,375 over September
2005. Rick‚s Cabaret New York City, which opened in September
2005, is now included in same club sales figures while the company's
two new clubs in San Antonio and a new XTC Cabaret club in South
Houston are not.
"We are very pleased with our continuing progress," said
Eric Langan, CEO of Rick's Cabaret. "Now that our New York
City club is included in same club sales it is easy to see that
we are showing strong organic growth and are also benefiting from
the contribution of our new acquisitions."
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
ir@ricks.com
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,
ir@ricks.com