HOUSTON - (October 11, 2012) - Rick's Cabaret
International, Inc. (NASDAQ:RICK) said today it
recorded sales at its nightclubs of $23.0 million in its
fourth quarter ending September 30, 2012, an 11.6 percent
increase over the same period a year ago.
The company said quarterly sales at clubs it has operated
for more than one year were $20.7 million, an increase of
1.85 percent over the same period in 2011.
Among the contributors to the sales increases were the
Rick's Cabaret near Dallas-Ft. Worth Airport, which was a
BYOB club in 2011 but now serves alcohol; the first
contribution from the nine Jaguars clubs the company began
operating in mid-September; Club Onyx in Charlotte; gains
at Silver City Cabaret in Dallas, acquired earlier this
year; and the Downtown Cabaret in Minneapolis, which was
acquired in August 2011.
The company will announce its fourth quarter and full
fiscal year earnings results in December.
About Rick's Cabaret: Rick's Cabaret International, Inc.
(NASDAQ: RICK) is home to adult entertainment venues
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 operate as "Rick's Cabaret,"
"XTC," "Club Onyx" and "Tootsie's Cabaret" and
under other brand names. Rick's Cabaret also operates a
media division, ED Publications, and owns membership
websites as well as a network of online auction sites.
Rick's Cabaret common stock is traded on NASDAQ under the
symbol RICK. For further information contact firstname.lastname@example.org or visit www.ricksinvestor.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.
For further information visit www.ricksinvestor.com.
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