Rick’s Cabaret in Dallas to Be Converted to Largest All-Nude Strip Club in Texas
January 13 2009 - 9:00AM
Business Wire
Rick�s Cabaret International, Inc. (NASDAQ: RICK), the
nation�s premier chain of gentlemen�s club, will convert its Dallas
location into the largest all-nude bar in Texas � a 25,000 square
foot, two-story palace off the Stemmons Freeway.
"This club is one of the finest physical locations in the entire
country, and we know our customers will enjoy it as an XTC
Cabaret, which is our company�s brand for all-nude gentlemen�s
clubs," said Eric Langan, President and CEO of Rick's
Cabaret. "We will benefit from an absolutely ideal location on the
heavily traveled I-35 Stemmons Freeway near the American
Airlines Arena and just a�few miles north of the famous
Dallas West End retail and recreation center.�
A three-day grand opening party for the newest XTC Cabaret will
take place January 15th, 16th and 17th, with additional
entertainers to be flown in from the company�s Tootsie�s
Cabaret in Miami plus XTC Cabarets in Austin and San
Antonio.
The newest XTC Cabaret includes an executive level with sky
boxes, plus multiple plasma television screens for viewing major
sports events.
Rick�s Cabaret purchased the former Executive Club at 8550 North
Stemmons Freeway in April 2008. The company also operates two other
clubs in the Dallas-Ft. Worth area � a Rick�s Cabaret in Ft. Worth
at 7101 Calmont Ave. and a Club Onyx in Dallas at 10557 Wire Way
off Northwest Hwy.
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 cities where it
operates, the success or lack thereof in launching and building the
company�s businesses, 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 www.ricks.com.
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