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Rick's Cabaret To Host "Stockbroker's Due Diligence Ball" At Its Midtown New York Gentlemen's Club On February 15th
NEW YORK CITY-
(February 2, 2006)
Rick's Cabaret International, Inc.
, the only gentlemen's club company whose stock is traded on
, says it will host a series of quarterly "
Stockbroker’s Due Diligence Balls
" at its West 33rd Street club in Manhattan, beginning February 15.
The special day-long program for members of the financial services community will feature free admission to people who receive an email invitation or request one from
, plus drinks discounted to $7 until 4 am. The party is scheduled the day after the company expects to issue its first quarter financial results on February 14 (after 4 p.m.).
"We want to give brokers, bankers, analysts, fund managers and portfolio managers the chance to come in and check us out through proper due diligence," says Eric Langan, President and CEO of the company. "We’ve decided to make it an all-day party to give everyone a chance to stop by and see what a truly exceptional experience we are offering at Rick's Cabaret. We hope to host similar parties in the future."
Since its opening last September, the new Rick's Cabaret New York City club at 50 West 33rd Street between Fifth Avenue and Broadway has been a popular spot for financial services professionals. In the first three months of Rick's 2006 fiscal year, the New York location helped drive a 75.4 percent increase in the company's total nightclub sales over the previous year.
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, 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,
, and a network of nine online auction sites for adult products under the flagship URL
. Rick's Cabaret common stock is traded on the NASDAQ SmallCap market 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,