HOUSTON -(January 10, 2006)- Rick's Cabaret International,
Inc. [NASDAQ:RICK] said today its consolidated
adult nightclub sales for December 2005 increased by 77.5 percent
over the same month in the previous year. Same-club-same-period
nightclub revenue rose by 25.1 percent over the same month
in 2004.
Total nightclub revenue for the month of December 2005 was $1,889,344,
compared with $1,064,682 in December 2004. Same club sales in December
2005 were $1,331,392 compared with $1,064,682. The figures do not
include revenues from the company’s Internet activities.
Total nightclub sales for the first quarter of the fiscal year ending
December 31, 2005 were $5,514,243 compared with $3,143,147, representing
a 75.4 percent increase over the previous year. Same club revenues
were up 23.7 percent, to $3,888,743 from $3,143,147 in the previous
year.
“Our New York City club continues its steady progress since
opening in September and our other clubs also performed well in
December, particularly Rick’s Cabaret-Minneapolis and Club
Onyx in Houston,” said Eric Langan, CEO of
Rick’s Cabaret, which owns and operates 10 venues nationwide.
“Same store sales are benefiting from increased brand name
awareness and repeat business by customers who are delighted with
the Rick’s experience.”
The sales results do not include the former Rick’s Cabaret-South
Houston location, which was sold in March 2005.
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, operates or licenses adult
nightclubs in New York City, New Orleans, Houston, Minneapolis and
other cities under the names "Rick's Cabaret," "XTC,"
“Club Onyx” and “Hummers.” 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 nine online auction sites for adult products under
the flagship URL www.naughtybids.com.
Rick’s Cabaret common stock is traded on the NASDAQ SmallCap
market under the symbol RICK. For further information contact ir@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
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