RICK RCI Hospitality Holdings Inc

Rick�s Cabaret International, Inc. (NASDAQ: RICK), operator of upscale gentlemen�s clubs, has received notification that the NASDAQ stock market has upgraded its listing to the NASDAQ Global Market beginning August 13, 2007. The company continues to trade under the ticker symbol "RICK." �This important milestone underscores the progress Rick�s Cabaret has achieved in the past few years,� said Eric Langan, President and CEO of the company. �We believe that the broader exposure of listing on the Global Market platform will enhance our visibility to investors. Meeting the requirements for a NASDAQ Global Market listing validates our growth and overall success in building value for shareholders.� The NASDAQ Global Market consists of over 1,450 companies that have met and continued to meet stringent financial and liquidity requirements and agreed to meet specific corporate governance standards. Formerly called The NASDAQ National Market, this market was renamed in 2006 to reflect the global leadership and international reach of this market and the companies whose securities are listed there. Since its IPO in October 1995 Rick�s Cabaret had been listed on the NASDAQ Small Cap market platform, recently renamed the NASDAQ Capital Market. About Rick�s Cabaret: Rick�s Cabaret International, Inc. (NASDAQ: RICK) operates upscale adult nightclubs serving primarily business executives 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.� Sexual contact is not 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.