HOUSTON-(May 1, 2006)- Rick's Cabaret International, Inc.
[NASDAQ:RICK],
has converted its nightclub near Hobby Airport
into Rick's Sports Cabaret, offering upscale topless
entertainment in a sports-bar setting.
Rick's Sports Bar begins operating today at the site of the company's
Hummer's Sports Bar and the adjacent XTC
Cabaret South Houston (at 9009 Airport Blvd.). The opening
date coincides with the Oil Technology Conference (OTC), which is
expected to bring thousands of business travelers to Houston.
"With the addition of this new club concept all business travelers
to Houston area airports will be just minutes from a Rick‚s
Cabaret. In addition to our new Hobby Airport location we have the
very popular Rick's Cabaret near George Bush International
Airport (at 410 N. Sam Houston Pkwy)," said Eric
Langan, President and CEO of Rick's Cabaret.
Mr. Langan said the cost to convert the XTC Cabaret and Hummer's
venues to comply with the more luxurious Rick's Cabaret concept
was minimal. The company believes the new club will result in increased
revenues immediately. The company continues to operate XTC Cabaret
North in Houston (at 11415 North Frwy.)
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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