HOUSTON-(February 9, 2006)- Rick's Cabaret International,
Inc. [NASDAQ:RICK],
said today its consolidated adult nightclub sales for January
2006 increased by 78.9 percent over the same month last
year. Same-club-same-period nightclub monthly revenue rose
by 27.7 percent over January 2004.
Total nightclub revenue for the month of January 2006 was $1,758,455,
compared with $982,800 in January 2004. Same club sales in January
2006 were $1,255,396 compared with $982,800. The figures do not
include revenues from the company's Internet activities or from
discontinued operations.
"Club Onyx in Houston, the XTC Club in Austin and the Rick's
Cabaret clubs in New York City and Minneapolis all performed very
well in January as our brand name awareness marketing programs throughout
the system continue to have a positive impact," said CEO Eric
Langan.
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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