Rick's Cabaret International, INC. Reports Nearly 13 Percent Increase In Fourth Quarter Nightclub Sales
Same Store Sales Rise Nearly 8 Percent during September Quarter
HOUSTON – (October 11, 2011) – Rick’s Cabaret International, Inc.(NASDAQ:RICK) night club sales rose to $20.7 million, during its fourth quarter ended September 30, 2011, an increase of 12.7 percent over the same period in 2010.
Same store sales during the quarter at nightclubs operated for more than one year were $19.8 million, an increase of 7.9 percent over the $18.3 million reported in 2010.
ains were reported at all brand name groups for quarter, particularly Tootsie’s Cabaret in Miami, Cabaret East in Fort Worth, XTC Cabaret in Dallas and the Rick’s Cabaret locations in San Antonio and Austin.
Rick’s Cabaret International, Inc. will report its full year results, including the fourth quarter, in December.
About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 22 upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these locations. Rick’s Cabaret also operates a media division, ED Publications, and owns the adult Internet membership Websitecouplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. Rick’s Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact [email protected] or visitwww.ricksinvestor.com .
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 cities where it operates, the success or lack thereof in launching and building the company’s businesses, 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. Additional factors that could cause the Company’s results to differ materially from those described in the forward-looking statements are described in forms filed with the SEC from time to time and available atwww.ricksinvestor.com or on the SEC's internet website atwww.sec.gov . 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 visitwww.ricksinvestor.com.
Contact: Allan Priaulx, 212-338-0050,[email protected]