Texas Commission Issues Liquor License To Rick's Cabaret Near Dallas/Fort Worth Airport

HOUSTON – (January 19, 2012) – The Texas Alcoholic Beverage Commission (TABC) has issued a license to sell liquor at the Rick’s Cabaret just outside the busy Dallas/Fort Worth Airport. The club (at 15000 Airport Freeway, Fort Worth) had been operating as a BYOB establishment for nearly a year pending resolution of a complaint by corporate neighbors, politicians and airport officials.

“We are delighted that we will now be able to offer our customers the full array of Rick’s Cabaret entertainment, beverage service and hospitality,” said Eric Langan, President and CEO of Rick’s Cabaret International, Inc. (NASDAQ:RICK), the publicly traded company that launched the club located at the southern exit of the world’s seventh busiest airport. “We were always confident we met every legal qualification to provide liquor service to our customers and believed that the attempts to block us were politically motivated.”

Mr. Langan said the company had hoped to operate as a full-service club a year ago, but the conflict over the liquor license delayed that plan. The official opening as a full-service cabaret is now scheduled for February 9th, with grand opening parties planned for March.

The DFW airport location is one of nine adult clubs currently operated by Rick’s Cabaret in the Dallas/Fort Worth Metroplex, including the newest location, Silver City Cabaret in Dallas, which was acquired earlier this week. Other establishments in the Metroplex include: Rick’s Cabaret/Fort Worth; Cabaret North and Cabaret East in Fort Worth; Club Onyx in Dallas catering to African-American gentlemen; plus XTC Cabaret in Dallas and XTC Cabaret in Fort Worth, and Temptations in Fort Worth.

About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 24 upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these locations. Rick’s Cabaret also operates a media division, ED Publications, and owns the adult Internet membership Website www.couplestouch.com  as well as 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.ricksinvestor.com.
www.
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 cities where it operates, the success or lack thereof in launching and building the company’s businesses, 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 visit www.ricksinvestor.com

Contact: Allan Priaulx, 212-338-0050, allan@ricks.com 


 

/quote/script : Not found in xml

Join Our Rick’s Cabaret Investor Email List
If you would like to receive all press releases and other important corporate announcements by email the moment they are distributed by BusinessWire, just send your request to ir@ricks.com. We’ll make sure you are on the list (and, you can remove yourself at any time by just clicking the "Unsubscribe" button at the bottom of every release.