NEW YORK CITY-(February 2, 2006)- Rick's Cabaret International,
Inc. [NASDAQ:RICK],
the only gentlemen's club company whose stock is traded on NASDAQ,
says it will host a series of quarterly "Stockbroker’s
Due Diligence Balls" at its West 33rd Street club
in Manhattan, beginning February 15.
The special day-long program for members of the financial services
community will feature free admission to people who receive an email
invitation or request one from info@ricks.com,
plus drinks discounted to $7 until 4 am. The party is scheduled
the day after the company expects to issue its first quarter financial
results on February 14 (after 4 p.m.).
"We want to give brokers, bankers, analysts, fund managers
and portfolio managers the chance to come in and check us out through
proper due diligence," says Eric Langan, President and CEO
of the company. "We’ve decided to make it an all-day
party to give everyone a chance to stop by and see what a truly
exceptional experience we are offering at Rick's Cabaret. We hope
to host similar parties in the future."
Since its opening last September, the new Rick's Cabaret New York
City club at 50 West 33rd Street between Fifth Avenue and Broadway
has been a popular spot for financial services professionals. In
the first three months of Rick's 2006 fiscal year, the New York
location helped drive a 75.4 percent increase in the company's total
nightclub sales over the previous year.
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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