Rick's Cabaret Selects May 15th For Release Of Second Quarter Results And "Due Diligence Ball"

HOUSTON-(April 27, 2006)- Rick's Cabaret International, Inc. [NASDAQ:RICK], will release its second quarter 2006 results on May 15th, followed by a conference call/webcast hosted by CEO Eric Langan and later a "Due Diligence Ball" for financial industry professionals at the company’s New York City nightclub.

Results for the quarter ended March 31, 2006 are scheduled to be filed with the SEC before market opening May 15th.
 
The conference call is scheduled to begin at 4:30 p.m. EDT to allow securities analysts and shareholders the opportunity to hear management discuss the company's quarterly results. The call is being webcast by Vcall and can be accessed at the Rick's Cabaret website, www.ricks.com or www.InvestorCalendar.com. Toll free live participant dial in number in the U.S. is 877-407-8031; international callers should dial 201-689-8031. 
 
The "Due Diligence Ball" is the second such event held by Rick's Cabaret at its New York City nightclub, which opened last September. Financial community professionals will receive free admission to the club and can purchase all drinks for $7 from 6 p.m. to 4 a.m. the next morning.  More than 120 professionals attended the first "Due Diligence Ball" on February 15th. For an invitation email [email protected].
 
"It’s a great opportunity for investment professionals to come by to see the club up close, find out why we are successful, and get to know our management a little better," said Mr. Langan. "Plus everyone who comes has a great time."

About Rick's Cabaret
Rick's Cabaret International, Inc. (NASDAQ: RICK, www.ricks.com) 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 the adult Internet membership Web site, www.couplestouch.com, 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].

Forward-Looking Statements:
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.

Contact for further information: Allan Priaulx, 212-338-0050, [email protected]