Rick’s Cabaret International, Inc. September Night Club Sales up 11.5 Percent, to $6.6 Million
October 07 2010 - 9:00AM
Business Wire
Rick’s Cabaret International, Inc. (NASDAQ:RICK), the
nation’s leading gentlemen’s club operator, reported total revenues
at its adult nightclubs in September of $6.57 million, an 11.5
percent increase over the $5.88 million sales in September
2009.
Comparable sales at same clubs open more than one year were
$5.78 million, just under one percent lower than the $5.83 million
reported in 2009. If Rick’s Cabaret Las Vegas were removed from the
calculation, same store sales for the month would have increased
5.9 percent.
“On the whole we were pleased with the September nightclub
revenues and note that sales are increasing in most of our markets
nationwide,” said Eric Langan, President and CEO of Rick’s
Cabaret.
The September club sales report will be the company’s last
monthly nightclub sales report. Rick’s Cabaret will begin issuing
quarterly sales reports beginning in January 2011. Rick’s Cabaret
will report its full fourth quarter results in December, when it
issues its 2010 Form 10-K.
About Rick’s Cabaret: Rick’s Cabaret International, Inc.
(NASDAQ: RICK) is home to upscale adult nightclubs serving
primarily businessmen and professionals that offer live
entertainment, dining and bar operations. Nightclubs in New York
City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston,
Minneapolis and other cities operate 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
operates a media division, ED Publications, and owns the adult
Internet membership Website couplestouch.com as well as 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 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 ricksinvestor.com.
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