Securities and Exchange Commission
Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant To Section 13 or 15(d) Of
The Securities Exchange Act of 1934

Date of Earliest Report Event:  December 3, 2009

RICK'S CABARET INTERNATIONAL, INC.
(Exact Name of Registrant As Specified in Its Charter)
 
Texas
0-26958
76-0037324
(State Or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
10959 Cutten Road
Houston, Texas 77066
(Address Of Principal Executive Offices, Including Zip Code)

(281) 397-6730
(Registrant's Telephone Number, Including Area Code)
 
  
ITEM 7.01           REGULATION FD DISCLOSURE
 
On December 3, 2009, Eric Langan, our President and Chief Executive Officer, will be attending the 2nd Annual LD Micro Conference at the Luxe Hotel in Los Angeles, California.  During the conference, Mr. Langan will make a business summary power point presentation to the attendees.

Since some portions of the business summary power point presentation may contain information which may not have been previously disclosed in our filings with the Securities and Exchange Commission, we are filing herewith, in compliance with Regulation FD, a copy of the business summary power point presentation as Exhibit 99.1.
 
The information in this Form 8-K shall not be deemed "filed" for purposes of Section 18 of Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
 
ITEM 9.01           FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits

Exhibit No.            Description
 
99.1                       Business Summary Power Point Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 
RICK'S CABARET INTERNATIONAL, INC.
 
 
 
/s/ Eric Langan
 
By:  Eric Langan
Date:  December 3, 2009
Chairman, President, Chief Executive Officer
 
 
 
 
 
 
SAFE HARBOR
•   This presentation may contain forward-looking statements that
  are covered under the provisions of Section 27A of the
  Securities Act of 1933 regarding Safe Harbor statements.
  Forward-looking statements may involve revenue, income
  and other business activities of Rick's Cabaret. Actual results
  could differ materially from those projected in the forward-
  looking statements as a result of many factors, including but
  not limited to the risks associated with operating an adult
  business, our ability to complete the acquisitions of new
  business units, business climates in cities where we operate,
  the success or lack thereof in building the company's
  businesses, and numerous other factors. Under provisions of
  the Safe Harbor section, the company is under no obligation to
  correct, update or amend oral statements. Definitive
  information about the company is presented on the
  company's Website, www.ricks.com, and in filings made to the
  SEC, which are also available on the Website.
 
 
 
RICK’S CABARET OVERVIEW
Rick’s Cabaret is the Premier Upscale
Gentlemen’s Club Operator
•   18 Clubs in Major Markets: New York City, Miami,
  Dallas-Ft. Worth, Philadelphia, Houston,
  Minneapolis, Las Vegas
•   Key Brand: Rick’s Cabaret
•   High Margins & Strong Cash Flow
•   Compound EBITDA Growth Last 5 Years
  Exceeds 70 %
 
 
 
•   Much of Rick’s Growth Since 2005 has Been
  Through Acquisitions
•   NYC & Miami Clubs Are Our Home Runs
•   Cash On Hand and Demonstrated Ability to
  Raise Capital Are Powerful Tools
•   Leading Consolidation of $2B Gentlemen’s
  Club Industry
•   Seven Transactions in 2008-2009
OUR CONSOLIDATION STORY
 
 
 
Purchase of Midtown Manhattan Club in 2005
Brought Wall Street Attention to RICK Stock
•   Investment Pros See RICK First Hand …‘Due
  Diligence’ Parties Legendary
•   Club is Exceptionally Profitable> $12 mm+
  Revenue Run-rate, High Margins, Strong
  Growth
•   Proximity to Madison Sq. Garden a Huge Plus
•   Daily Mention on “The Howard Stern Show”
•   Playboy.com says : “Best Strip Club in NYC”
THE TIPPING POINT
 
 
 
•   Acquired Nov. ’07 for $25.5mm (2.2x EBITDA)
•   One of a kind: all nude with liquor ; open
  ‘til 6 am
•   74,000   sq ft on two levels; valet parking for
  1,500 cars;
•   Immediately accretive - highly profitable from
  day one;
•   Revenue Growth 25%+ over previous owner
  run rate by upgrading VIP services
•   Named Best Strip Club in S.E . in ’09
•   Will See New Records with Super Bowl and
  Pro Bowl in Feb. ’10
 
 
 
RICK’S CABARET LAS VEGAS
•   Acquired 25,000 sq. foot club, just off The
  Strip in September ‘08
•   Marketing Initiatives , High Margin VIP Focus ,
  Catering to Locals and Cost Controls are
  Having Positive Impact
•   Revenues Now Up and Will be Strong
  Contributor as Vegas Market Turns Around
 
 
 
DALLAS/FT. WORTH MARKET
NEW ACQUISITIONS IN DFW
•   XTC Cabaret - Exceptional Club Near Sports
  Stadiums and hip Uptown Area
•   Club Onyx Dallas - Has Become Top Upscale Club
  for African-American Clientele
•   Rick’s Ft. Worth - Two-level Upscale Club on West
  Side Just off I-30.
•   Cabaret North - Newest Purchase, Off I-820 and I-
  35W
 
 
 
WHAT MAKES RICK’S UNIQUE?
•   Strong Financial Controls > Proprietary Cash
  Management Similar to Casino Industry . Credit
  Cards = Half of our Sales
•   Entertainers > Independent Contractors Pay Us
  a Facilities Use Fee
•   “Concierge Hospitality” + Customer Service >
  Builds Loyalty, Repeat VIP Business
•   Quality Control > Enhanced Brand Value
•   Strongest Player in Sector Rollup > Have Cash
  and Funding Strength Unmatched in Industry
 
 
 
FINANCIAL SUMMARY
Fiscal Year Financial Summary
Revenues
$13.9
$14.8
$24.5
$32.0
$59.9
44.2%
y-o-y growth
7.0%
65.2%
30.7%
87.2%
EBITDA
1.9
0.9
4.1
5.7
16.3
71.6%
  Margin %
13.5%
6.0%
16.8%
17.8%
27.1%
Net Income
0.8
(0.2)
1.8
3.1
7.7
77.3%
  Margin %
5.6%
(1.5%)
7.2%
9.5%
12.8%
Number of Clubs
7
9
13
14
19
 
 
 
As of June 30, 2009
 
 
 
CASH FLOW & LIQUIDITY SUMMARY
•   Rick’s Raised $7.2 mm in
  August through Convertible
  Debenture
•   Company’s Current Cash
  Position at about $13 mm
•   Strong Cash Flows Add to
  Liquidity
 
 
 
OUR DEBT PROFILE
•     Real Estate Backed Loans:   $15.3 mm,
  Will Be Retired by 2014
•   Tootsie’s Cabaret Owner Purchase
  Note: $10mm @14% Due Nov. 2012
•   Raised $7.2mm in August, Payable in
  10 Quarterly Payments at 10% over 3
  Years;   Will Retire by August 2012, or
  Convert at $8.75
 
 
 
•   IT executive, Director of Internet Division
•   Degree in Aeronautical Science
OUR MANAGEMENT TEAM
•   CPA   President / Owner   Pringle Jenkins & Associates, P.C.
•   Degree in Business Administration
Director
Steven L. Jenkins
Background
Title
Name
•   Noted First Amendment Attorney
•   Former President First Amendment Lawyers Assn.
Director
Luke Lirot
•   20+ Years Hospitality Industry Management Experience
•   Degree in Business Administration
Director of Operations
Ed Anakar
•   20+   years industry experience as owner/operator
•   Founder / Director   of Adult Club Executives (ACE)
President, CEO & Director
Eric Langan
•   Founded Rick's in 1983; CEO until 1999
•   Bachelor of Laws (Honours) (1973) - London School of Economics
•   Master of Laws (1975) Osgoode Hall Law School, York University
Founder / Director
Robert L. Watters
•   Audit Partner, KPMG; CFO of CDT Systems, Inc. (CDTN),
•   Texas State University (1972)
CFO
Phillip K. Marshall
•   Former Exec VP Thomson Financial/Publisher American Banker
•   Dartmouth College / University of Southampton (UK)
Investor & Media Relations  
Alan Priaulx  
•   Over 20 years of legal experience
•   B.S. and J.D. from the University of Houston
General Counsel  
Brenda Stanfield  
VP/Director
Travis Reese
 
 
 
OUR LONG-TERM GROWTH
STRATEGY
•   Focus on core competency - become top
  club in each market
•   Increase operating efficiency & raise gross
     margins
•   Leverage our strong marketing skills
•   Emphasize transparency, rigorous cash
         control
•   Build brand awareness/brand equity
•   Highly selective acquisitions
•   Focus on metro areas : business traffic /
  conventions / tourism /   pro sports
•   Purchase at 3x - 5x EBITDA
•   Quickly Accretive
•   Flexible funding models
Organic Growth
Acquisition Growth
 
 
 
SUMMARY
•   Attractive Industry > We Operate Top Clubs in
  Major Markets
• Unique Business Model > Great Margins +
  Financial Controls
• Growth from Rollup of Fragmented Industry >
  Big Pipeline of Targets   ….
• Non-Capital Intensive     > Cash Flows
  Consistently Strong
• Management > Depth + Experience
 
 
 
THANK YOU!
PLEASE BE SURE TO VISIT
RICK’S CABARET   LOCATIONS FOR
ADDITIONAL DUE DILIGENCE