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Rick's Cabaret July Nightclub Sales Of $1.9 Million Set Record For The Month; Up 49.2 Percent Over Previous Year
(August 8, 2006)
Rick's Cabaret International, Inc.
, nightclub sales in July reached $1,914,964, a company record for the month of July and a 49.2 percent increase over the same month in 2005.
Same club sales for July 2006 were $1,428,271, up by 11.2 percent over the $1,282,975 recorded in 2005. The only nightclub not included in the same store sales was Rick's Cabaret New York City, which opened last September.
"We are satisfied with the results for July, which show steady growth for most of our clubs, but also reflect normal seasonality for a month in which business travel and entertainment usually dips," according to
, CEO of Rick's Cabaret. "We are looking forward to contributions from two new clubs in the fast-growing San Antonio market. We will be opening a Club Onyx there in the next few days and we anticipate closing on the purchase of the popular upscale Centerfolds Club in San Antonio on or before August 15th, after which it will be converted to a Rick's Cabaret."
Rick's Cabaret will report results from its third quarter ending June 30th on August 14th, followed by a conference call at 4:30 p.m. EDT.
About Rick's Cabaret
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 and operates or licenses adult nightclubs in New York City, New Orleans, Charlotte, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "XTC" and "Club Onyx." No sexual contact is permitted at any of these locations. Rick's Cabaret also owns the adult Internet membership Web site,
, and a network of online adult auction sites under the flagship URL
. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact
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
Contact for further information: Allan Priaulx, 212-338-0050,