RICK RCI Hospitality Holdings Inc

Rick�s Cabaret International, Inc. (NASDAQ: RICK), which operates a national chain of gentlemen�s clubs, today reported record monthly nightclub sales in March of $2,749,625, an increase of more than 29 percent over the previous year total of $2,121,348. The company said March sales for its New York City club were its highest since the club opened in September 2005, up more than 40 percent from 2006. Same store sales were $2,413,172, up from the $2,121,348 reported in March 2006. �Our revenue projections are on track for the year and we are pleased that we set a monthly record for nightclub sales,� said Eric Langan, President and CEO of the company. �Our Midtown Manhattan Rick�s Cabaret continues to grow and we are also happy with the ramp up in revenue that we are seeing at our new Rick�s Cabaret locations in Austin and San Antonio.� For the three months ending March 31 the company now has reported revenue of $7,384,090, compared with $5,914,004 in 2006, an increase of about 25 percent. The company said it expects to close this month on its newest acquisition in the Dallas-Ft. Worth Metroplex, a transaction expected to add about $4 million in annual revenue. 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 and operates or licenses adult nightclubs in New York City, New Orleans, Charlotte, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "XTC" and �Club Onyx.� No sexual contact is permitted at any of these locations. Rick�s Cabaret also owns the adult Internet membership Web site, couplestouch.com, and a network of online adult auction sites under the flagship URL naughtybids.com. Rick�s Cabaret common stock is traded on NASDAQ 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 ricks.com.