Rick's International, Inc. Reports December Same Club Sales Rose 19.2 Percent Over Previous Year
HOUSTON - (January 12, 2010) - Rick's Cabaret International,
the leading chain of gentlemen’s clubs, said today sales at its nightclubs in December rose 23.7 percent over December 2008 while same club sales climbed 19.2 percent over the previous December.
The company said sales at its clubs totaled $6.6 million for the month of December, compared with $5.3 million in the previous December.
Sales at clubs operated for more than a year were $6.2 million, compared with $5.2 million in the previous December.
The December results brought total sales for the company’s first fiscal quarter ending December 31st to $19.6 million, a 15.7 percent increase over the $16.9 million recorded in the first quarter of the previous fiscal year.
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 www.ricks.com.
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, operates or licenses adult nightclubs in New York City, Miami, Philadelphia, Las Vegas, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities 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 Publication, and owns the adult Internet membership Web site, 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 the NASDAQ Global Market under the symbol RICK. For further information contact [email protected].
Media Contact: Allan Priaulx, 212-338-0050, [email protected]