RCI in Compliance with Nasdaq Periodic Filing Requirement

HOUSTON—March 2, 2020—RCI Hospitality Holdings, Inc. (Nasdaq: RICK) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market today notifying the company it is in compliance with Listing Rule 5250(c)(1) based on the February 13 and February 27, 2020 filings of the Company's Form 10-K and Form 10-Q for the periods ended September 30 and December 31, 2019, respectively. Accordingly, this matter is now closed with Nasdaq.

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