Rick's Cabaret Will Discuss Third Quarter 2012 Results In Conference Call August 9th, Followed By A ‘DUE DILIGENCE BALL' For Investors At It's New York City Club

HOUSTON – (July 31, 2012) – Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s only publicly traded group of gentlemen’s clubs, will release its third quarter 2012 results after market close on Thursday, August 9th, followed by a conference call/webcast at 4:30 pm (ET) led by CEO Eric Langan. The call will be followed by a “Due Diligence Ball” at Rick’s Cabaret/ New York City, from 6 p.m. to 8 p.m. (50 West 33rd Street) hosted by Mr. Langan.

The conference call will give securities analysts and shareholders the opportunity to hear management discuss results for the quarter ended June 30, 2012. The call will be webcast by VCall and can be accessed at the Rick’s Cabaret investor website, www.ricksinvestor.com  or www.investorcalendar.com.  The domestic toll free participant dial-in number is 877-407-8033 and international is 201-689-8033. The toll free replay numbers are domestic 877-660-6853, international 201-612-7415. Replay pass codes are Account 286 and Conference ID 398195. The replay will be available until Sept. 9, 2012.

The Due Diligence Ball is a popular event that lets investors see the company’s operations first-hand and talk personally with Mr. Langan and other executives. It is held at Rick’s Cabaret/New York at 50 West 33rd Street between Fifth Avenue and Broadway, across from the Empire State Building. Admission is free to the DDB, which includes passed hors d’oeuvres and drinks at discount prices. To RSVP email ir@ricks.com. 

About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 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/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities as "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret” and other brand names. Sexual contact is not permitted at any locations. Rick’s Cabaret also operates a media division, ED Publications, and owns the adult Internet membership Website couplestouch.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 ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.

Forward-looking Statements: This press release may contain 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 press release, 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. 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 visit www.ricksinvestor.com.

Contact: Allan Priaulx, 212-338-0050, allan@ricks.com