RCI Names BDO as Auditor

HOUSTON—July 17, 2017—RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced the Audit Committee of its Board of Directors has appointed BDO USA, LLP as the company’s independent registered public accounting firm for the fiscal year ending September 30, 2017, effective July 13, 2017.

BDO will replace Whitley Penn LLP, RCI’s previous auditor.

“With RCI’s broadening national footprint, we decided it was time to make the change to BDO,” said Eric Langan, President & CEO of RCI. “BDO is among the top six national auditing firms and one of the few in the U.S. with a robust and dedicated restaurant practice.”

Mr. Langan added, “We’d like to take this opportunity to express our sincere gratitude to Whitley Penn for its years of dedicated service.” The change in auditors was not a result of any disagreement between the company and Whitley Penn on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

About BDO USA

BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals.  The firm serves clients through more than 60 offices and more than 400 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 1,400 offices in over 150 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information, please visit: www.bdo.com.

About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)

With 44 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, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis and other cities operate under brand names, such as “Rick's Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars,” “Tootsie’s Cabaret,” and “Scarlett’s Cabaret.” Sports bars/restaurants operate under the brand name “Bombshells.” Please visit http://www.rcihospitality.com/

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