Rick’s Cabaret International, Inc. Options Begin Trading on Chicago Board Options Exchange (CBOE)
December 01 2008 - 9:00AM
Business Wire
Options on Rick�s Cabaret International, Inc. (NASDAQ: RICK) common
stock have begun trading on the Chicago Board Options Exchange
(CBOE). �This is exceptionally good news for our company and for
our shareholders as CBOE options trading extends the investment
opportunities in our stock,� said Eric Langan, President and CEO of
Rick�s Cabaret. �It is another mark of our progress, along with our
advancement to the NASDAQ Global Market and our inclusion in the
Russell 2000,� he added. The CBOE offers a platform for investors
who anticipate a directional movement in the price of a stock. Its
put and call options provide the right to buy or sell that stock at
a predetermined price, for a specific duration of time. Since CBOE
founded the listed options business in 1973 it has been the leader
in options volume. In 2007, CBOE options contract volume reached an
all-time record of 944,471,924 contracts, up 40% over the previous
year. CBOE, the largest U.S. options marketplace and the creator of
listed options, is regulated by the Securities and Exchange
Commission (SEC). For additional information about the CBOE and its
products, visit the CBOE website at: www.cboe.com. 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, Miami, Philadelphia, Las Vegas, New
Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities
under the names "Rick's Cabaret," "XTC," �Club Onyx� and �Tootsie�s
Cabaret.� Sexual contact is not permitted at these locations.
Rick's Cabaret also owns the adult Internet membership Web site,
couplestouch.com; a network of online adult auction sites under the
flagship URL naughtybids.com; ED Publications, the national trade
magazine and convention for the adult nightclub industry; and
Storerotica, the national trade magazine and convention for the
adult product and intimate apparel industries. Rick�s Cabaret
common stock is traded on the NASDAQ Global Market 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 visit ricks.com.
RCI Hospitality (NASDAQ:RICK)
Historical Stock Chart
From Jun 2024 to Jul 2024
RCI Hospitality (NASDAQ:RICK)
Historical Stock Chart
From Jul 2023 to Jul 2024