Rick's Cabaret International, Inc. July Nightclub Sales Show 54 Percent Gain
August 07 2007 - 9:00AM
Business Wire
Rick�s Cabaret International, Inc. (NASDAQ: RICK), operator of
upscale gentlemen�s clubs, today reported July nightclub sales of
$2,948,534, a 54 percent gain over July 2006. Same store sales
climbed 19 percent over the previous July. The increase over July
2006 results was driven by strong growth at the Rick�s Cabaret in
New York City, contributions from the new Austin location and the
acquisition of the Ft. Worth club. Same store sales were $2,279,239
compared with the July 2006 total of $1,914,988. �Summer is
traditionally our slower period, so we are very pleased with our
continued overall growth,� said Eric Langan, President and CEO of
the company. 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, 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
www.ricks.com.
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