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Rick's Cabaret Converts Its Hobby Airport Location To Rick's Sports Cabaret
HOUSTON-
(May 1, 2006)
- Rick's Cabaret International, Inc.
[
NASDAQ:
RICK
]
, has converted its nightclub near
Hobby Airport
into
Rick's Sports Cabaret
, offering upscale topless entertainment in a sports-bar setting.
Rick's Sports Bar begins operating today at the site of the company's
Hummer's Sports Bar
and the adjacent
XTC Cabaret South Houston
(at 9009 Airport Blvd.). The opening date coincides with the Oil Technology Conference (OTC), which is expected to bring thousands of business travelers to Houston.
"With the addition of this new club concept all business travelers to Houston area airports will be just minutes from a Rick‚s Cabaret. In addition to our new Hobby Airport location we have the very popular Rick's Cabaret near
George Bush International Airport
(at 410 N. Sam Houston Pkwy)," said
Eric Langan
, President and CEO of Rick's Cabaret.
Mr. Langan said the cost to convert the XTC Cabaret and Hummer's venues to comply with the more luxurious Rick's Cabaret concept was minimal. The company believes the new club will result in increased revenues immediately. The company continues to operate XTC Cabaret North in Houston (at 11415 North Frwy.)
About Rick's Cabaret
Rick's Cabaret International, Inc. (NASDAQ: RICK,
www.ricks.com
) 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,
www.couplestouch.com
, and a network of nine online auction sites for adult products under the flagship URL
www.naughtybids.com
. Rick's Cabaret common stock is traded on the NASDAQ SmallCap market under the symbol RICK. For further information contact
ir@ricks.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 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
www.ricks.com
.
Contact for further information: Allan Priaulx, 212-338-0050,
ir@ricks.com