Source: Entertainment Network, Inc.
By: Company Press Release
(TAMPA, FL) — Rick’s Cabaret International Inc. (NASDAQ: RICK) has signed an agreement to wholesale its Internet content for the first time through Entertainment Network, Inc subsidiary CandidCam.com, one of the major providers of adult Web content.
An interactive still photo gallery featuring provocative shots of dancers from Rick’s six gentlemen’s clubs will be the initial wholesale offering, according to Eric Langan, president and CEO of Rick’s Cabaret. Mr. Langan said his firm is also in discussion with CandidCam.com about wholesaling other proprietary content, including a possible live streaming video sitethat would capture the action in the company’s famous topless clubs.
Entertainment Network, Inc. operates VoyeurDorm.com, DudeDorm.com and other candid Webcam sites and manages wholesaling for dozens of other content providers, for which it provides extensive marketing services.
"This is the first time we’re partnered with a wholesaler to market our content on the Internet so we decided to align ourselves with the best possible company," Mr. Langan said. "Since we will now be making our content available to other webmasters we need to make sure we are providing secure, reliable services that will be aggressively marketed and no company does it better than CandidCam."
Rick’s Cabaret International Inc. opened its first "Rick’s Cabaret” in Houston in 1983 and went public with its IPO in 1995, making Rick’s the world’s first publicly traded topless entertainment business. Rick’s owns and operates premier adult entertainment Internet Web sites plus four Rick’s Cabaret locations, three in Houston and one in Minneapolis. Through its 93% owned subsidiary, Taurus Entertainment Companies Inc., it operates two XTC Cabarets in San Antonio and Austin.
Entertainment Network, Inc. is a leading supplier of content for the Internet. The Tampa-based company’s retail Websites reach millions of consumers directly and its subsidiaries provide content wholesaling, Internet hosting and development services to more than 500 corporate clients.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause Rick’s actual results to differ materially from those indicated in this press release include the risks and uncertainties as to whether the definitive documentation will ultimately be executed, the future operational and financial results of the newly acquired Web site, the future operational strength of Voice Media, the laws governing the operation of adult entertainment businesses, competitive factors, dependence on key personnel, and the ability to manage operations. Rick’s has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances. Vivis the company’s Website at www.ricks.com.
Contact for ENI: Ellie Reeve T: 212-338-0050
Contact for Rick’s: Eric Langan, T: 281-820-1181
