Rick's Cabaret International, Inc. Names Phillip Marshall as Chief Financial Officer
May 30 2007 - 11:46AM
Business Wire
Rick�s Cabaret International, Inc. (NASDAQ: RICK), operator of
upscale gentlemen�s clubs, said it has named veteran accountant
Phillip Marshall as its Chief Financial Officer. He assumes his new
duties today. Mr. Marshall, a Certified Public Accountant licensed
in Texas, will be based at the company�s Houston headquarters and
will also supervise financial management systems at the company�s
14 clubs in four states. He first became acquainted with Rick�s
Cabaret when he audited the company as a partner at Jackson &
Rhodes in Dallas. �We are delighted that Phil Marshall will assume
the CFO position at Rick�s Cabaret,� said company president and
Chief Executive Officer Eric Langan, who had been acting CFO. �As
we continue to acquire more clubs and expand operations, our
accounting needs are becoming increasingly sophisticated. With his
34 years of experience as a CPA and his familiarity with our
company, he is the ideal person for the job.� Most recently Mr.
Marshall was controller of Dorado Exploration, Inc., an oil and gas
exploration and production company, and previously was chief
financial officer of CDT Systems, Inc., a publicly held water
technology company. He began his public accounting career with the
international accounting firm, KMG Main Hurdman, where he managed
the firm�s fifth largest audit practice. After its merger with Peat
Marwick, forming KPMG, he served as an audit partner for several
years. After leaving KPMG, Mr. Marshall was partner in charge of
the audit practice at Jackson & Rhodes in Dallas, where he
specialized in small publicly held companies. 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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