Rick's Cabaret International, Inc. Records Nightclub Sales of Nearly $2.5 Million in April, up More Than 29 Percent over Previou
May 08 2007 - 10:40AM
Business Wire
Rick�s Cabaret International, Inc. (NASDAQ: RICK) recorded sales in
April at its national chain of gentlemen�s clubs of $2,485,043, an
increase of $29.69 percent over the previous year total of
$1,916,205. Same club sales were up 10.82 percent over the previous
year, $2,123,612 compared with $1,916,205 in 2006. The company said
its club in midtown New York City continued its steady
year-over-year pattern of increased sales. New Orleans nights, a
new club in Ft. Worth, acquired on April 24th, began to contribute
to sales for the first time. It will be re-branded as a Rick�s
Cabaret later this year. 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.
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