Source: Rick’s Cabaret International, Inc.
By: Company Press Release
(DALLAS, TX) — Rick’s Cabaret International, Inc. (NASDAQ: Rick), the nation’s premier chain of gentlemen’s club, will convert its Dallas location into the largest all-nude bar in Texas – a 25,000 square foot, two-story palace off the Stemmons Freeway.
”This club is one of the finest physical locations in the entire country, and we know our customers will enjoy it as an XTC Cabaret, which is our company’s brand for all-nude gentlemen’s clubs,” said Eric Langan, President and CEO of Rick’s Cabaret. ”We will benefit from an absolutely ideal location on the heavily traveled I-35 Stemmons Freeway near the American Airlines Arena and just a few miles north of the famous Dallas West End retail and recreation center.”
A three-day grand opening party for the newest XTC Cabaret will take place January 15th, 16th and 17th, with additional entertainers to be flown in from the company’s Tootsie’s Cabaret in Miami plus XTC Cabarets in Austin and San Antonio.
The newest XTC Cabaret includes an executive level with sky boxes, plus multiple plasma television screens for viewing major sports events.
Rick’s Cabaret purchased the former Executive Club at 8550 North Stemmons Freeway in April 2008. The company also operates two other clubs in the Dallas- Ft. Worth area – a Rick’s Cabaret in Ft. Worth at 7101 Calmont Ave. And a Club Onyx in Dallas at 10557 Wire Way off Northwest Hwy.
About Rick’s Cabaret:
Rick’s Cabaret International, Inc. (NASDAQ: Rick) 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, Miami, Philadelphia, Las Vegas, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities 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 owns the adult Internet membership Web site, couplestouch.com; a network of online adult auction sites under the flagship URL naughtybids.com; Ed Publications, the national trade magazine and convention for the adult nightclub industry; and Storerotica, the national trade magazine and convention for the adult product and intimate apparel industries.” Rick’s Cabaret common stock is traded on the NASDAQ Global 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 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.ricks.com.
Contact: Allan Priaulx, 212-338-0050, ir@ricks.com
