HOUSTON, April 6,
2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc.
(Nasdaq: RICK) announced today that, through its subsidiary RCI
Development Services, Inc., it is launching a guest benefits
program initially available for use at 36 of its top subsidiary
club locations.
The program, Tip-N-Strip, will be the ultimate party pass. An
Annual Holder's Party will be held at Tootsies Cabaret Miami for
all members of the program. Membership will also give holders
access to private parties, VIP experiences, and a wide range of
other benefits.
Membership will only be granted through the purchase of a
Tip-N-Strip NFT (Non-Fungible Token). The NFT is expected to be
available for purchase on the Tip-N-Strip.io website in late June.
Secondary sales will be on the OpenSea marketplace.
RCI Development Services is focused on providing what it has
defined as the three main components of a successful NFT and guest
benefits program: community, utility and art. The NFT will combine
unique 3D realistic art and groundbreaking utility that leverages
industry-standard Web2 technologies to seamlessly integrate with
Web3 solutions.
The collection will consist of 10,000 unique 3D generated
realistic artworks that will be fully whitelisted to active
community members in the Tip-N-Strip program. The rarity of the NFT
will be randomized and available upon reveal 48 hours after mint.
The rarity will determine the holder's utility.
Base utility for all NFTs will include free admission for the
holder and a guest into all 36 locations participating in the
program as well as access to private events and annual parties
hosted by RCI Development Services.
The program was announced at Miami NFT Week this past weekend.
Visit Tip-N-Strip.io to sign up for email alerts on new
developments.
About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)
www.rcihospitality.com
With more than 50 units, RCI Hospitality Holdings, Inc., through
its subsidiaries, is the country's leading company in gentlemen's
clubs and sports bars/restaurants. Clubs in New York City, Chicago, Dallas-Fort
Worth, Houston,
Miami, Minneapolis, Denver, St.
Louis, Charlotte,
Pittsburgh, Raleigh, Louisville, and other markets operate under
brand names such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret,
Jaguars Club, Tootsie's Cabaret, and Scarlett's Cabaret. Sports
bars/restaurants operate under the brand name Bombshells Restaurant
& Bar.
Forward-Looking Statements
This press release 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,
including, but not limited to, the risks and uncertainties
associated with (i) operating and managing an adult business, (ii)
the business climates in cities where it operates, (iii) the
success or lack thereof in launching and building the company's
businesses, (iv) cyber security, (v) conditions relevant to real
estate transactions, (vi) the impact of the COVID-19 pandemic, and
(vii) numerous other factors such as laws governing the operation
of adult entertainment businesses, competition and dependence on
key personnel. For more detailed discussion of such factors and
certain risks and uncertainties, see RCI's annual report on Form
10-K for the year ended September 30,
2021, as well as its other filings with the U.S. Securities
and Exchange Commission. The company has no obligation to update or
revise the forward-looking statements to reflect the occurrence of
future events or circumstances.
Media and Investor Contacts
Gary Fishman and Steven Anreder at 212-532-3232 or
gary.fishman@anreder.com and steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.