Rick's Cabaret International, Inc. June Nightclub Sales Climb Again To New Record High
HOUSTON-(July 10, 2007)-Rick's Cabaret International, Inc.
of upscale gentlemen's clubs, today reported June nightclub sales
of $2,956,787, the second consecutive month of record revenues.
The 38 percent increase over sales in June 2006 was driven by continued
development at the company's flagship New York City club and contributions
from the newest clubs in Ft. Worth, Austin and San Antonio in Texas.
Same store sales were up more than 9 percent to $2,338,642 compared
with the June 2006 total of $2,142,148.
"We are pleased with the continued growth in our overall revenue
and we remain on track to meet our gross revenue target of $32-$34
million for our fiscal year ending September 30th," said Eric
, President and CEO of the company.
The previous record monthly nightclub income for the company was
in May 2007, when sales were $2,831,807.
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 and operates or licenses adult nightclubs in New
York City, New Orleans, Charlotte, Houston, Minneapolis and other
cities under the names "Rick's Cabaret," "XTC"
and "Club Onyx." No sexual contact is permitted at any
of these locations. Rick's Cabaret also owns the adult Internet
membership Web site, couplestouch.com
and a network of online adult auction sites under the flagship URL
Cabaret common stock is traded on NASDAQ under the symbol RICK.
For further information contact [email protected]
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 New York City and elsewhere, the success or lack thereof in launching
and building the company's businesses in New York City and elsewhere,
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 go to www.ricks.com.