Rick's Cabaret International, Inc. opens Bombshells Sports Bar/Restaurant in Austin, TX

HOUSTON – June 25, 2014 – Rick’s Cabaret International, Inc. (NasdaqGM: RICK) announced the opening of its newest military-themed Bombshells sports bar and restaurant in Austin, TX. This is the Company’s third Bombshells in Texas; the other two are in Dallas and the Houston suburb of Webster.

The highly visible, 8,000 square foot restaurant/bar, in addition to a 2,600 square foot patio, is located at 15119 North Interstate 35. Bombshells Austin is open 11 AM to 2 AM daily, for lunch during the day, family dining late day/early evening, happy hour, and singles and couples at night.

“We are very excited about this opening as we continue to evolve the Bombshells’ concept,” said Eric Langan, President and CEO of Rick’s Cabaret International. “Our Austin location features our latest improvements and the best outdoor patio space yet. It is partially covered with cooling misters and heat, enabling it to be used year-round.”

Bombshells combines multiple restaurant/entertainment concepts in one fun location. In addition to the big outdoor patio, there’s great food for lunch, families and getting together with friends and dates; big flat screen TVs to create one of the best new sports bars in the Austin area; popular local bands providing live music; and attractive waitresses.

Two other Bombshells are in active development: South Houston, at 12810 Gulf Freeway, which is targeted to open by the end of September; and Spring, a suburb north of Houston, which is slated to open this fall.

Rick’s objective is to have a total of 10 sports bar/restaurants open or in development by year end calendar 2014, with a cluster in Texas and possibly others outside the state in select cities having heavy tourist and convention traffic.

About Rick’s Cabaret

With 43 units, Rick’s Cabaret International, Inc. (NasdaqGM: RICK) is the leading hospitality company operating adult gentlemen’s clubs and sports bar/restaurants in the US. Adult clubs in New York City, Los Angeles, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities operate under brand names such as “Rick's Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” “Bombshells,” which also features live entertainment, is the Company’s lead brand in the sports bar/restaurant category.

For More Information

• Web: http://www.ricksinvestor.com

• Twitter: https://twitter.com/rickscabaretinc

• Facebook: https://www.facebook.com/rickscabaretintl

• Bombshells: http://www.4bombshells.com

 

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.

Media & Investor Contacts

Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com