Rick's Cabaret International Inc. CEO Interviewed on Wallst.net
HOUSTON--(April 19, 2005)--Eric Langan, CEO of
Rick's Cabaret International [RICK:NASDAQ]
is the subject of an interview on WallSt.net, an online financial
industry Website. The full audio interview is posted on the site
at www.wallst.net with an accompanying
story by reporter Pauline Park.
the interview Mr. Langan also discussed the state of the gentlemen's
club industry and his view that it is undergoing a consolidation
phase that should follow the casinos industry model over the next
10 years, as larger companies acquire smaller club operations nationwide.
Rick's Cabaret International, Inc. (RICK:NASDAQ,
owns and 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, New Orleans, Houston, Minneapolis and
other cities under the names "Rick's Cabaret," "XTC," "Club Onyx"
and "Hummers." No sexual contact is permitted at any of these locations.
Rick's Cabaret also owns an adult Internet membership Web site,
and a network of nine online auction sites for adult products under
the flagship URL www.naughtybids.com.
Rick's Cabaret common stock is traded on the NASDAQ SmallCap market
under the symbol RICK. For further information contact [email protected].
This press release may contain forward-looking information within
the meaning of Section 21E of the Securities Exchange Act of 1934
that involves significant risks and uncertainties, and is subject
to the safe harbors created by this section. Important factors that
could cause actual results for Rick's Cabaret to differ materially
from those indicated in this press release include the risks and
uncertainties as to the future operational and financial results
of our Web sites, conditions relevant to real estate transactions,
the future operational performance of our partners, the laws governing
the operation of adult entertainment businesses, competitive and
economic factors, dependence on key personnel and the ability to
manage operations. Rick's Cabaret has no obligation to update or
revise the forward-looking statements to reflect the occurrence
of future events or circumstances. Please refer to the documents
Rick's Cabaret files from time to time with the Securities and Exchange
Commission, in particular the most recent quarterly reports on Form
10-QSB and annual report on Form 10-KSB, which are available at
the Company's website, www.ricks.com.
Contact for further information: Allan Priaulx, 212-338-0050, [email protected]