HOUSTON, April 10, 2012 /PRNewswire/ -- Rick's
Cabaret International, Inc. (NASDAQ:RICK), the nation's leading
chain of adult gentlemen's clubs, said its nightclub sales rose to
$25 million in the quarter ended
March 31, 2012, a 17.9 percent
increase over the $21.2 million
registered in the same period in 2011. Sales at clubs open more
than one year rose 7.8 percent during the quarter, to $22.6 million.
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"We are pleased with these sales figures, which showed all of
our club brands improving during this quarter and our newly
acquired clubs in Minneapolis,
Indianapolis, Fort Worth and Dallas contributing significantly," said
Eric Langan, President and
CEO. "The quarterly sales increase is also notable because
sales during Super Bowl week were $600,000 less this year than in 2011, when we
benefited from having multiple clubs in the Dallas-Ft. Worth market, where the game was
held last year, compared with just one club in Indianapolis, where the game was played this
year."
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, Charlotte, Dallas, Houston, Minneapolis, Indianapolis 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 may contain
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.ricksinvestor.com.
SOURCE Rick's Cabaret International, Inc.