HOUSTON, April 25, 2011 /PRNewswire/ -- Rick's Cabaret
International, Inc. (NASDAQ: RICK), the leading group of
upscale gentlemen's clubs, has purchased through a subsidiary all
assets of The Gold Club, an adult nightclub in the
Indiana capital. Total cost of the
acquisition, including the real estate, was $1,675,000.
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""We are eager to bring the famous Rick's Cabaret style of
hospitality and entertainment excellence to Indianapolis, where next year's Super Bowl
will be held," said Eric
Langan, president of the group. "We plan to add
other clubs in the Midwest that will give us clustering
efficiencies in marketing, purchasing power and use of
management."
The newly acquired club is located about three miles from the
world famous Indianapolis Speedway at 3551 Lafayette Road near
Lafayette Square, just off Interstate Highway I-65. The club
has a VIP Champagne Room and has been a popular venue for bachelor
and group parties.
About Rick's Cabaret: Rick's Cabaret International, Inc.
(NASDAQ: RICK) is home to 23 upscale adult nightclubs serving
primarily businessmen and professionals that offer live
entertainment, dining and bar operations. Nightclubs in
New York City, Miami, Philadelphia, 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
or visit www.ricksinvestor.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. Additional
factors that could cause the Company's results to differ materially
from those described in the forward-looking statements are
described in forms filed with the SEC from time to time and
available at www.ricksinvestor.com or on the SEC's internet website
at www.sec.gov. 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.ricksinvestor.com.
SOURCE Rick's Cabaret International, Inc.