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wooooo hoooooo great earnings !!
Chris
Continues to go higher
Chris
RICKS NEWS!! Rick’s Cabaret Will Hold First Quarter Conference Call Wednesday February 9th, Followed by a “Due Diligence Ball” at It...
Ricks Cabaret International, Inc. (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Friday 4 February 2011
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s premier group of gentlemen’s clubs, will release its first quarter 2011 results on Wednesday February 9th, followed by a conference call/webcast at 4:30 pm (ET) hosted by CEO Eric Langan. After the call the company will hold a “Due Diligence Ball” for investors and financial industry professionals at the company’s New York City nightclub.
The conference call will allow securities analysts and shareholders the opportunity to hear management discuss results for the company’s first quarter ended December 31, 2010. The call is being webcast by Vcall and can be accessed at the Rick’s Cabaret website, ricks.com or www.InvestorCalendar.com. The toll free participant dial-in number is 877-407-8033 (International 201-689-8033). The toll free replay numbers are: domestic 877-660-6853, international 201-612-7415. Replay passcodes required for playback are: Account #: 286 and Conference ID #: 366781.
The popular Due Diligence Ball gives investors an opportunity to see the company’s operations first hand and talk personally with Mr. Langan and other executives. It is held at the company’s New York City nightclub at 50 West 33rd Street between Fifth Avenue and Broadway, across from the Empire State Building. Admission is free to the DDB, which features passed hors d’oeuvres and drinks at discount prices from 6 p.m. to 8 p.m. To RSVP email ir@ricks.com.
About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 22 upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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.
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 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 ricks.com.
Back over $9 again.
Chris
Over $9 !! woooohoooo !
Chris
HMMMMMMMMMMMMMMMMMM...Dallas I believe is the answer sir.
And where is the superbowl gonna be this year ?
lol
Chris
RICK'S NEWS OUT!! Packed House Greets New Rick’s Cabaret near Dallas/Fort Worth Airport for Three-Day Preview Opening
Ricks Cabaret International (MM) (NASDAQ:RICK)
Today : Monday 24 January 2011
A preview opening of the newest Rick’s Cabaret just outside the busy Dallas/Fort Worth Airport over the weekend drew standing-room only crowds of party-goers and well-wishers. The club is located midway between Dallas and Fort Worth, at the south exit of the world’s seventh busiest airports.
More than 100 beautiful entertainers were on hand for the opening parties Thursday, Friday and Saturday nights at the club, which is the newest addition to Rick’s Cabaret International, Inc. (NASDAQ:RICK), the publicly traded company that includes 22 upscale gentlemen’s clubs nationwide.
The new Rick’s Cabaret D/FW started its life as a bring-your-own-bottle establishment after several corporate neighbors, politicians and airport officials filed complaints that have delayed until June a hearing on issuance of a license by the Texas Alcoholic Beverage Commission (TABC).
“We had a fabulous preview opening weekend and it looks as if this club will be one of our big winners because of its convenience to our patrons, and all the publicity it has received from the controversy over issuing the liquor license,” said Eric Langan, President and CEO of Rick’s Cabaret International, Inc., who was on hand for the launch.
Mr. Langan said he was confident that the TABC will eventually decide that the club poses no danger and will issue a liquor license. “Meanwhile, our guests seemed very comfortable bringing their own supply and we simply provided them with glasses, ice, soda water and other mixers. The main attraction is the girls and there were more than 100 of them on hand to help us begin our life.”
Mr. Langan said Rick’s Cabaret D/FW would be open throughout the pro football championship week festivities, as will the company’s other establishments in the Metroplex: Rick’s Cabaret/Fort Worth; Cabaret North and Cabaret East in Fort Worth; Club Onyx in Dallas catering to African-American gentlemen; plus XTC Cabaret in Dallas and XTC Cabaret in Fort Worth.
About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 22 upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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 ricksinvestor.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 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 ricksinvestor.com.
An Adult Entertainment Stock Likely to Turn a Profit
http://www.minyanville.com/businessmarkets/articles/ricks-cabaret-company-profile-vcgh-adult/1/20/2011/id/32289?camp=syndication&medium=portals&from=yahoo
Chris
looks like you're not the only one who thinks that.
To me it more a matter of available discretionary fund to spend on ..... whatever.
Chris
Hey ChrisJP.....I think the sin vices, gambling, alcohol and clubs are all making a comeback of sorts.
I'm wagering if the economy is recovering so will this stock.
Chris
NEWS OUT 1/11/11....Rick’s Cabaret International, Inc. Nightclub Sales Up 4.3 Percent in Its First Quarter
Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Tuesday 11 January 2011
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s leading group of upscale gentlemen’s clubs, had sales of $20.4 million at its nightclubs in its first quarter of fiscal 2011, a gain of 4.3 percent over the previous year total of $19.6 million.
Revenues for October, November and December rose at the company’s two largest clubs, Tootsie’s Cabaret in Miami and Rick’s Cabaret in New York City. Other clubs showing significant gains were the Rick’s Cabarets in Fort Worth and San Antonio, Cabaret North in Fort Worth and Club Onyx in Dallas.
Sales at locations open for more than 12 months were $18.8 million during the quarter, a decline of 3.7 percent, due primarily to an anticipated decline in revenues at Rick’s Cabaret Las Vegas where sales were $1.1 million in the first quarter of this fiscal year, compared with $3.2 million in the previous year following the rollback of a costly marketing program.
About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 21 upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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 ricksinvestor.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 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 ricksinvestor.com.
RICK NEWS OUT!! Rick’s Cabaret International, Inc. Completes Turnkey Purchase of New Gentlemen’s Club near Dallas-Ft. Worth Airport
Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Tuesday 4 January 2011
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s premier chain of upscale gentlemen’s clubs, has completed the turnkey acquisition of a new gentlemen’s club adjacent to the south end of busy Dallas-Ft. Worth International Airport that is scheduled to open in mid January.
Eric Langan, President and CEO of the company, said Rick’s Cabaret paid $4.5.million for the newly constructed building and land on the Airport Freeway (Highway 183). A certificate of occupancy has been issued for the building and the property has been zoned by the city of Ft. Worth for use by a sexually oriented business. A mixed beverage application is pending at the Texas Alcoholic Beverage Commission.
“It is a beautiful club and we’ll be open in time for Super Bowl week in Dallas in early February,” Mr. Langan said. Rick’s Cabaret now has seven locations in the DFW market and 22 clubs nationwide.
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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 ricksinvestor.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 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 ricksinvestor.com.
News Out!! Howard Stern Show Producer Gary Dell’Abate Will Host a Party for CES Attendees at Rick’s Cabaret Las Vegas January 8th
Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Tuesday 28 December 2010
Gary Dell’Abate, best-selling author and long-time producer of The Howard Stern Show will host a party January 8th at Rick’s Cabaret Las Vegas, to which he has invited all fellow attendees of the world-famous Consumer Electronics Show. The club is part of the Rick’s Cabaret International, Inc. (NASDAQ:RICK) group of upscale gentlemen’s clubs.
The party will take place at the club at 3355 Procyron Street at Desert Inn Boulevard, just off the Las Vegas Strip, starting at 10 p.m. Dell’Abate will be in town to attend the CES, which he hosted last year. Dell’Abate will be assisted in his hosting duties by beautiful, raven-haired adult star Daisy Duxe, who has appeared in over 150 popular adult films. She is appearing as part of an adult-star extravaganza at the club, where blonde centerfold model and adult star Prinzzess appears on Friday night January 7th.
“I love the people who attend CES and I think they will love Rick’s Cabaret,” says Dell’Abate, who has been on a nationwide tour in recent weeks promoting his new bestselling book They Call Me Baba Booey.
The multi-story Rick’s Cabaret Las Vegas has been hailed at the #1 gentlemen’s club in the southwest. It has been part of the Rick’s Cabaret group since 2008. In addition to his hosting duties, Dell’Abate will visit with fans, pose for photos and sign copies of his book.
They Call Me Baba Booey, written with Chad Millman, has received high praise from Stern show fans and celebrities including comedienne Joan Rivers, who said, "If you think your family is nuts, wait until you read this story."
Admission to Rick’s Cabaret LV will be free to guests who call 702-367-4000 and request complimentary limo pickup service, or arrive in their private vehicle. Rick's Cabaret complimentary transportation can also be arranged online at rickslasvegas.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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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.
Merry Christmas everyone. Have a happy and safe holiday weekend.
Rick’s Cabaret International, Inc. Reports Fiscal 2010 Results
Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock ChartToday : Wednesday 15 December 2010
Rick’s Cabaret International, Inc. (NASDAQ:RICK) today reported financial results for its fiscal year ending September 30, 2010. The company had consolidated total revenues of $83 million, an increase of 9.4 percent over the $75.8 million reported in the previous year. The company reported a loss from continuing operations of $7.6 million for the year, primarily because of non-cash balance sheet impairment charges of $20.5 million, compared with 2009 income from continuing operations $5.5 million.
“Our income statement was dramatically affected by the impairment charges incurred chiefly because of losses at the Las Vegas club we acquired in 2008 and we believe that the growth in our adjusted EBITDA to $17.6 million is a more realistic way to look at the year,” said Eric Langan, President and CEO of Rick’s Cabaret International, Inc.
Mr. Langan said the company generated cash flow from operations of $17.3 million compared with $8.9 million in 2009, despite the Las Vegas losses, benefitting from continuing strong performances of Rick’s Cabaret in New York City and Tootsie’s Cabaret in Miami.
“We think 2011 is looking very good,” Mr. Langan said. “We plan to add four more locations in 2011, staying on our goal of making at least one acquisition per quarter. In addition we will benefit from the Super Bowl in February in Dallas, where we will have a terrific cluster of seven clubs ready to welcome fans.”
Other highlights from results for the year ending September 30, 2010 include:
The company’s adjusted EBITDA for 2010 $17.6 million, compared with $16.0 million in 2009. Diluted adjusted EBITDA per common share was $1.84 compared with $1.70, based on shares outstanding of 9.7 million and 9.4 million respectively. The adjusted EBITDA calculation (earnings before interest expense, income taxes, depreciation, amortization and impairment charges) is a non-GAAP performance measure that excludes the largest recurring non-cash charges (depreciation, amortization and impairment) and provides a core operational performance measurement that compares results without the need to adjust for Federal, state and local taxes that have considerable variation between domestic jurisdictions. Interest cost is also excluded from the calculation of adjusted EBITDA. The results are, therefore, without consideration of financing alternatives of capital employed. Adjusted EBITDA is one guideline to assess unleveraged performance return on the company’s investments and is also the target benchmark for acquisitions of nightclubs.
The 9.4 per cent increase in total revenues was driven by revenues generated at new clubs and an overall 7.0 percent increase from clubs open more than one year, especially the New York location, offset by a decrease in revenues from the Las Vegas club.
The Las Vegas club is still not profitable even with the taxi marketing costs under more control than in the prior year, due principally to decreased revenues since the Las Vegas market collapsed after September 2008. The company noted that the club it acquired had revenues of approximately $16.6 million in the year ended July 31, 2008, compared to $8.8 million and $9.7 million for the years ended September 30, 2010 and 2009. The club had adjusted EBITDA of approximately ($37,000) and ($1.4) million for the years ended September 30, 2010 and 2009, respectively, compared to pro forma EBITDA income of $2.6 million for the year ended July 31, 2008.
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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.
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 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.
Statement of Operations and Balance Sheet Are Available at www.ricksinvest.com
RICK'S CABARET INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended September 30,
(in thousands, except per share data)
2010 2009 2008
Revenues:
Sales of alcoholic beverages $ 33,101 $ 28,679 $ 21,764
Sales of food and merchandise 6,850 6,203 5,145
Service revenues 37,725 36,310 28,362
Internet revenues 562 641 716
Media revenues 1,440 1,404 801
Other 3,309 2,592 2,220
Total revenues 82,987 75,829 59,008
Operating expenses:
Cost of goods sold 9,927 8,895 6,796
Salaries and wages 17,767 16,429 13,485
Stock-based compensation 405 96 157
Other general and administrative:
Taxes and permits 12,367 9,396 7,365
Charge card fees 1,434 1,612 1,060
Rent 4,108 3,716 2,371
Legal and professional 3,071 2,963 1,629
Advertising and marketing 6,740 8,174 2,510
Depreciation and amortization 3,743 3,423 2,439
Insurance 1,125 1,100 845
Utilities 1,721 1,646 1,218
Impairment of assets 20,511 823 -
Other 6,441 5,826 5,147
Total operating expenses 89,360 64,099 45,022
Income (loss) from operations (6,373 ) 11,730 13,986
Other income (expense):
Interest income 18 16 60
Interest expense (4,023 ) (3,358 ) (2,713 )
Interest expense – loan origination costs (450 ) (65 ) -
Gain (loss) on change in fair value of derivative instruments (31 ) 145 -
Gain (loss) on sale of property and other (3 ) 181 -
Income (loss) from continuing operations before income taxes (10,862 ) 8,649 11,333
Income taxes (3,221 ) 2,854 3,532
Income (loss) from continuing operations (7,641 ) 5,795 7,801
Loss from discontinued operations, net of income taxes (57 ) (293 ) (171 )
Net income (loss) (7,698 ) 5,502 7,630
Less: net income attributable to noncontrolling interests (260 ) (294 ) 31
Net income (loss) attributable to Rick’s Cabaret International, Inc.
$ (7,958 ) $ 5,208 $ 7,661
Basic earnings (loss) per share attributable to Rick’s shareholders:
Income (loss) from continuing operations $ (0.81 ) $ 0.59 $ 0.99
Loss from discontinued operations (0.01 ) (0.03 ) (0.02 )
Net income (loss) $ (0.82 ) $ 0.56 $ 0.97
Diluted earnings (loss) per share attributable to Rick’s shareholders:
Income (loss) from continuing operations $ (0.81 ) $ 0.58 $ 0.93
Loss from discontinued operations (0.01 ) (0.03 ) (0.02 )
Net income (loss) $ (0.82 ) $ 0.55 $ 0.91
Weighted average number of common shares outstanding:
Basic 9,697 9,266 7,931
Diluted 9,697 9,428 8,413
See accompanying notes to consolidated financial statements.
RICK'S CABARET INTERNATIONAL, INC.
CONSOLIDATED BALANCE SHEETS
September 30,
(in thousands, except share data)
2010 2009
Assets
Current assets:
Cash and cash equivalents $ 19,168 $ 12,850
Accounts receivable:
Trade, net 888 777
Other, net 204 137
Inventories 1,264 1,232
Deferred tax asset 1,504 120
Prepaid expenses and other current assets 951 726
Assets of discontinued operations 148 210
Total current assets 24,127 16,052
Property and equipment, net 59,559 48,300
Other assets:
Goodwill and indefinite lived intangibles, net 62,076 78,331
Definite lived intangibles, net 1,197 1,161
Other 1,412 1,232
Total other assets 64,685 80,724
Total assets $ 148,371 $ 145,076
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 731 $ 788
Accrued liabilities 4,529 2,414
Texas patron tax liability 3,955 1,163
Current portion of derivative liabilities 1,276 886
Current portion of long-term debt 7,883 5,856
Liabilities of discontinued operations 47 52
Total current liabilities 18,421 11,159
Deferred tax liability 15,566 18,581
Other long-term liabilities 719 642
Long-term debt 34,803 31,956
Derivative liabilities at fair value, less current portion 1,243 2,456
Total liabilities 70,752 64,794
Commitments and contingencies
Temporary equity - Common stock, subject to put rights 198 and 317 shares, respectively 4,366 6,871
PERMANENT STOCKHOLDERS' EQUITY:
Preferred stock, $.10 par, 1,000 shares authorized; none issued and outstanding - -
Common stock, $.01 par, 20,000 shares authorized; 9,766 and 8,880 shares issued and
outstanding, respectively
98 89
Additional paid-in capital 62,326 54,530
Retained earnings 7,515 15,473
Total Rick’s permanent stockholders’ equity 69,939 70,092
Noncontrolling interests 3,314 3,319
Total permanent stockholders’ equity 73,253 73,411
Total liabilities and stockholders’ equity
$ 148,371 $ 145,076
See accompanying notes to consolidated financial statements.
Rick’s Cabaret International, Inc. Agrees to Purchase the Gold Club in Indianapolis Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Tuesday 14 December 2010
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the leading group of upscale gentlemen’s clubs, has signed a definitive agreement to purchase The Gold Club, an adult nightclub in the Indiana capital.
Total cost of the acquisition, including the real estate, will be $1,675,000. Assuming transfer of all necessary permits, licenses and other authorizations and other items subject to due diligence, the transaction is expected to close on or before December 31, 2010.
“The Gold Club has long been a fixture in the Indianapolis entertainment scene and we will make it much more so as we complete renovations and add the famous Rick’s Cabaret style of hospitality and entertainment excellence,” said Eric Langan, president of the group that currently operates 21 clubs nationwide. “This purchase gives us an additional club in the Midwest and we expect that we will benefit from cluster efficiencies as we add more clubs in this region in the future.”
The Gold Club is located off Interstate Highway I-65 at 3551 Lafayette Road near Lafayette Square and about three miles from the world famous Indianapolis Speedway. The club has a VIP Champagne Room and is a popular location for bachelor and group parties.
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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.
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 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.
Rick’s Cabaret Will Hold 2010 Fiscal Year Conference Call Tuesday December 14th Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Monday 13 December 2010
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s premier group of gentlemen’s clubs, will release its fiscal 2010 results on Tuesday December 14th, followed by a conference call/webcast at 4:30 pm (ET) hosted by CEO Eric Langan.
The conference call will allow securities analysts and shareholders the opportunity to hear management discuss results for the company’s fiscal year ended September 30, 2010. The call is being webcast by Vcall and can be accessed at the Rick’s Cabaret website, ricks.com or www.InvestorCalendar.com. The toll free participant dial-in number is 877-407-8033 (International 201-689-8033). The toll free replay numbers are: domestic 877-660-6853, international 201-612-7415. Replay passcodes required for playback are: Account #: 286 and Conference ID #: 362876 and the replay will be available until Jan. 14, 2011.
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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.
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 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 ricks.com.
RICKs NEWS OUT!!Gary (Baba Booey) Dell’Abate is Guest of Honor at Rick’s Cabaret/NYC Party December 14th Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Thursday 9 December 2010
Gary Dell’Abate, the long-time producer of the Howard Stern Show and author of the new bestselling book They Call Me Baba Booey, will be honored December 14th at an open-to-the-public party at Rick’s Cabaret NYC, the city’s leading gentlemen’s club.
The party will rock from 7-9 pm on the second floor of the upscale club that is part of the Rick’s Cabaret International (NASDAQ:RICK) group of clubs and will be hosted by a hundred of the club’s beautiful topless entertainers and Lonnie Hanover, the publicist who is a long-time friend of Dell’Abate. Discounted drinks will be available to guests ‘til 9 pm. Bring your copy of Dell’Abate’s best-selling book for free admission to the party and Gary will sign it (books will not be sold during the party).
Written with Chad Millman, They Call Me Baba Booey has received high praise from Stern show fans and celebrities. Comedienne Joan Rivers said, "Gary is smart, insightful, and funny, and I had no idea he came from such a dysfunctional family. If you think your family is nuts, wait until you read this story."
About Rick’s Cabaret: : Rick’s Cabaret NYC, launched in 2005, occupies a three-story building across from the Empire State Building and down the street from Penn Station and Madison Square Garden. It is a part of Rick’s Cabaret International, Inc. (NASDAQ: RICK), 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, Las Vegas, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret.” Sexual contact is not permitted at these locations. 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.
Tootsie’s Cabaret in Miami to Honor Gary (Baba Booey) Dell’Abate with Party December 3rd Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Tuesday 30 November 2010
Gary Dell’Abate, the long-time producer of the Howard Stern Show and author of the new book They Call Me Baba Booey, will be honored December 3rd at an open-to-the-public party at Tootsie’s Cabaret in Miami Gardens, believed to be the largest gentlemen’s club in the world.
The party starts at 10:30 pm on the spacious main floor of the 74,000-square-foot club that is part of the Rick’s Cabaret International (NASDAQ:RICK) group of clubs and will be hosted by 250 of the club’s entertainers. Bring your copy of Dell’Abate’s best-selling book and he will sign it (books will not be sold during the party).
It is Dell’Abate’s first visit to Tootsie’s, but he is no stranger to the Rick’s Cabaret experience. He will be given a special tour of the club’s new Knocker’s Sports Bar, a 7,000-square foot sports fan pleasure palace created within the cabaret. It includes six huge plasma-screen TVs, four pool tables and service by the specially selected Knocker’s Girls.
Written with Chad Millman, They Call Me Baba Booey has received high praise from other celebrities. Comedienne Joan Rivers said, "Gary is smart, insightful, and funny, and I had no idea he came from such a dysfunctional family. If you think your family is nuts, wait until you read this story."
For more information check out facebook.com/tootsiescabaret or twitter.com/tootsiescabaret or get text messages by texting "Join Tootsies" to 78747.
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret". Sexual contact is not permitted at these 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.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6528317&lang=en
OUCH!! Rick’s Cabaret International, Inc. Says It Will Take an Impairment Charge Primarily Because of Its Las Vegas Nightclub
Ricks Cabaret International (MM) (NASDAQ:RICK)
Today : Friday 29 October 2010
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s leading chain of upscale gentlemen’s clubs, said today it will take an impairment charge of between $20 million and $23 million in fiscal 2010, primarily because of the poor performance of the Rick’s Cabaret Las Vegas nightclub it purchased in 2008.
The exact amount of the impairment charge, which also will include lesser amounts from two other underperforming properties, will be determined after a final valuation is performed and will be recorded in the quarter ending September 30. It will be reported in December in the company’s Form 10-K. The impairment charges will have no effect on the company’s debt covenants under any existing real estate loan arrangements and will not result in future cash expenditures.
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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 ricksinvestor.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 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 ricksinvestor.com.
Rick’s Cabaret NYC Entertainers Will Support Breast Cancer with “Pretty in Pink” Party October 26th
Ricks Cabaret International (MM) (NASDAQ:RICK)
Today : Wednesday 13 October 2010
More than 100 of the most beautiful women in New York City will do their part toward helping women overcome breast cancer when they dress down in pink lingerie for a gala 17-hour “Pretty in Pink” party at Rick’s Cabaret NYC on Tuesday, October 26th. The nightclub is part of the Rick’s Cabaret International, Inc. (NASDAQ: RICK) group of upscale gentlemen’s clubs.
The party begins at 11 a.m. at the club at 50 West 33rd Street between Fifth Avenue and Broadway and will keep rocking ‘til 4 a.m. the next morning. All cover charges and donations collected at the door will go to Living Beyond Breast Cancer, a national organization that empowers women affected by breast cancer to live as long as possible with the best quality of life.
“Our entertainers are eager to put on a great show to support this worthy cause, so this should be one of the more spectacular parties we do this year,” said Ken Sistrunk, general manager of Rick’s Cabaret, which was voted the #1 gentleman’s club in the Northeast at the recent Gentlemen’s Club Expo and has been called the “best strip club in New York” by Playboy.
During the party the entertainers will start off their cabaret dances wearing sexy pink lingerie, removing most of it as they dance on the club’s three stages, or when they give private dances to customers.
About LBBC: Living Beyond Breast Cancer (LBBC) is dedicated to assisting women who are newly diagnosed, are in treatment, have recently completed treatment, or are years beyond or are living with metastatic breast cancer. The national education and support organization helps family members, caregivers, friends and healthcare providers to provide breast cancer information and support. Its goal is to improve quality of life and help women take an active role in ongoing recovery or management of the disease, regardless of educational background, social support or financial means. For more information contact mail@lbbc.org.
About Rick’s Cabaret: : Rick’s Cabaret NYC, launched in 2005, occupies a three-story building across from the Empire State Building and down the street from Penn Station and Madison Square Garden. It is a part of Rick’s Cabaret International, Inc. (NASDAQ: RICK), 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, Las Vegas, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret.” Sexual contact is not permitted at these locations. Rick’s Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit ricksinvestor.com.
Rick’s Cabaret in New York City Celebrates Five Years with Three-Day, Three-Floor Party Starting Thursday, October 14th
Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Friday 8 October 2010
Rick’s Cabaret in New York plans a gala three-day party starting Thursday, October 14th to celebrate its fifth anniversary, its designation as the #1 gentlemen’s club in the Northeast, and the opening of a new arena-style VIP sky box on its third floor. The club is the flagship location of Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s leading chain of upscale gentlemen’s clubs.
Rick’s Cabaret NYC opened in the Fall of 2005 and is located at 50 West 33rd Street between Fifth Avenue and Broadway, across the street from the Empire State Building and a quick walk from Madison Square Garden and Penn Station.
The anniversary party will spread over all three floors of the newly refurbished club and the roof top smoking lounge, with complimentary admission before 11 p.m., drink specials all night and the chance to mingle with more than 100 “Girls of Rick’s” entertainers. Guests will be eligible to win valuable prizes that will be raffled off every hour, including tickets to pro sports events and a free trip to Las Vegas that will include airfare, hotel and an evening at Rick’s Cabaret Vegas.
During the evening special guests from The Howard Stern Show, who frequently rave about the good times they’ve had at Rick’s Cabaret NYC, will cut the ribbon on a new luxury “sky box” – a private room on the third floor that offers matchless views of two of the clubs’ cabaret stages.
Rick’s Cabaret was chosen in August as the #1 gentlemen’s club in the Northeast, and earlier in the year was named by Playboy as the top strip club in New York City.
“We’ve got a lot to celebrate and we want the three day party to be very special for our loyal customers and new guests who haven’t yet experienced an evening with the most beautiful girls in New York City and the most welcoming hospitality of any club in the region,” said Ken Sistrunk, general manager of the club. “During the five years we’ve been open, the club has just gotten better and better – and that’s the report I get from our guests – so this anniversary party is a special one for us.”
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret.” Sexual contact is not permitted at these 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 ricksinvestor.com.
Rick’s Cabaret International, Inc. September Night Club Sales up 11.5 Percent, to $6.6 Million
Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Thursday 7 October 2010
Rick’s Cabaret International, Inc. (NASDAQ:RICK), the nation’s leading gentlemen’s club operator, reported total revenues at its adult nightclubs in September of $6.57 million, an 11.5 percent increase over the $5.88 million sales in September 2009.
Comparable sales at same clubs open more than one year were $5.78 million, just under one percent lower than the $5.83 million reported in 2009. If Rick’s Cabaret Las Vegas were removed from the calculation, same store sales for the month would have increased 5.9 percent.
“On the whole we were pleased with the September nightclub revenues and note that sales are increasing in most of our markets nationwide,” said Eric Langan, President and CEO of Rick’s Cabaret.
The September club sales report will be the company’s last monthly nightclub sales report. Rick’s Cabaret will begin issuing quarterly sales reports beginning in January 2011. Rick’s Cabaret will report its full fourth quarter results in December, when it issues its 2010 Form 10-K.
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret.” Sexual contact is not permitted at these 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.
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 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 ricksinvestor.com.
This company needs a "Pimp"!! I would have made my woman work harder. It seems as they are showing off nothing. B$%ches better have my money!!!! By next quarter, they will see the back of my hand and walk out that door. I will be cutting medical expenses,next!! Shhheeeeeesssh! Work that pole harder!!!
Rick’s Cabaret International, Inc. Reaches Agreement to Restructure Terms of Debt on Its Miami, Florida Gentlemen’s Club
Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Friday 1 October 2010
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s leading operator of upscale gentlemen’s clubs, said today it has renegotiated terms of a $10 million debt facility related to its purchase of Tootsie’s Cabaret in Miami Gardens, FL.
Under the modified terms the promissory note becomes a 10 year amortized facility that provides for equal monthly payments and will be fully paid on September 30, 2020, rather than a balloon payment for the entire amount that would have been due on Nov. 30, 2012. Interest on the modified note remains at 14 percent.
“Tootsie’s Cabaret remains a jewel in our collection of clubs and we are very pleased that the related debt is now a 10-year amortizing note, allowing us to use our cash reserves for acquisition of new clubs to enhance our overall portfolio,” said Eric Langan, President and CEO of Rick’s Cabaret.
Tootsie’s Cabaret is believed to be the nation’s largest gentlemen’s club, at 74,000 square feet. It includes Knocker’s, which has quickly become Miami’s leading sports bar.
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret.” Sexual contact is not permitted at these 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.
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 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.
RICKS NEWS OUT!!!!!!!!!!!!!
http://ih.advfn.com/p.php?pid=nmona&article=44378422&symbol=RICK
RICKS NEWS OUT..6.5 MILLION IN AUGUST. Rick’s Cabaret International, Inc. August Nightclub Sales up 6.9 Percent to $6.5 Million
Ricks Cabaret International (MM) (NASDAQ:RICK)
Intraday Stock Chart
Today : Thursday 9 September 2010
Rick’s Cabaret International, Inc., (NASDAQ:RICK), the nation’s leading chain of upscale gentlemen’s clubs, said August revenues at its adult nightclubs were $6.5 million, a 6.9 percent increase over August 2009.
The company said the gains were the result of contributions from newly acquired clubs in Fort Worth and Austin, Texas, along with increased sales at most of its existing clubs.
Sales at clubs open more than 12 months were off 6.5 percent for the month, due largely to lower revenues at Rick’s Cabaret Las Vegas, where the company has sharply reduced marketing expenses.
The Rick’s Cabaret International group now includes 21 clubs in seven states, with a new club near the DFW International Airport that will open soon.
Eric Langan, President and CEO of Rick’s Cabaret International, also announced today that the company will report monthly sales for the month of September 2010 and thereafter will report sales on a quarterly basis. “The relevancy of monthly reports has diminished and we believe we can keep our shareholders and others well-informed with quarterly reports,” he said.
About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 21 upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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.
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 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 ricks.com.
RICKS and VEGAS....News is out...http://ih.advfn.com/p.php?pid=nmona&article=44239167&symbol=RICK
More news out today....when does it end folks? Great little company here...
AUGUST 27th NEWS OUT..........http://ih.advfn.com/p.php?pid=nmona&article=44167081&symbol=RICK
RICKS BLOWS THE DOORS OFF 3rd QTR........
ih.advfn.com/p.php?pid=nmona&article=44027743&symbol=RICK
RICKS UPDATES JULY SALES FIGURES...http://ih.advfn.com/p.php?pid=nmona&article=44022834&symbol=RICK
Woohoo, looks like I can throw away my money to the strippers, which you can see they have not done so well. Maybe throwing some of my worthless stocks might revive the company ladies. Goooo Strippers!!!!
RICK's NEWS OUT !!!!!!! http://ih.advfn.com/p.php?pid=nmona&article=43949347&symbol=RICK
This is rare stuff...I am sure that 2 bottles poured 15 pours per bottle will bring in at least 10k per bottle....JMHO..I need to check on this.....Great news to be selected to pour such a rare cognac.
GM All.......let's take off today....no pun intended.....LOL
GoUp...thanks for the chart...looks like we are about to cross back over the 50 MA...I like the MACD turning up like that....in this biz, UP is always a good sign....LOL
RICKS CABERET NEWS.... http://ih.advfn.com/p.php?pid=nmona&article=43651313&symbol=RICK
I agree with you on that. Lets get the girls busy. Don't let any step out of line. ;)
NICE NEWS>> I am sure he can afford full price but a deal is a deal, just like the PPS on this one.
Another green day here...DO NOT SPEND IT WHERE YOU EARNED IT...LOL
anyone want to comment on todays news
Great chart...look at the MACD...http://stockcharts.com/h-sc/ui?s=rick
May audited sales figures of 6.7 million company wide..http://www.otcmarkets.com/stock/RICK/news
This should see $11.00-14.00 long term.....great long term hold. IMHO
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10959 Cutten Road
Houston, TX 77066
United States - Map
Phone: 281-397-6730
Fax: 281-820-1445
Web Site: http://www.rickscabaret.com
DETAILS
Index Membership: N/A
Sector: Services
Industry: Restaurants
Full Time Employees: 1,100
BUSINESS SUMMARY
Rick's Cabaret International, Inc. operates upscale gentlemen's clubs, nightclubs, bars and restaurants in the U.S. and has a licensing program in Latin America.
Founded in 1983, Rick's Cabaret pioneered in the creation of elegant gentlemen's clubs featuring beautiful topless dancers and high quality restaurant service. Rick's Cabaret went public in 1995 and is listed on The NASDAQ Global Market under the symbol RICK. The Company has built powerful brand name awareness for its upscale environment and enjoyable adult entertainment. Many performers from Rick's have become Penthouse Pets and Playboy Playmates. Anna Nicole Smith, met her oil billionaire husband while dancing at Rick's Cabaret in Houston.
CEO Eric Langan joined Rick's Cabaret in 1998 and has led the Company since 1999. He has steadily expanded operations, growing revenues and profit. Mr. Langan has positioned the Company at the top of the gentlemen's club sector by creating a pleasurable ambiance and a relaxed, conscientious approach to customer service patterned after the "concierge model" made famous by top Las Vegas casinos. The Company has been featured in profiles in The Wall Street Journal, MarketWatch, Corporate Board Member, Smart Money, Forbes, USA Today, The New York Daily News and other publications. Time Out New York magazine included the Rick's Cabaret-NYC Steakhouse in its TONY 100 list of fine Manhattan dining establishments and it is also included in the Zagat's New York Nightlife publication.
Mr. Langan believes the gentleman's club business is in a consolidation phase much like that of the casino industry in the 1990s. His vision is that Rick's Cabaret will become the most important player in the adult club industry with top venues in all major markets, and he is directing a strategy of buying profitable, high-end clubs in major markets that are accretive to earnings. Examples of this program are the $25 million purchase of Tootsie's Cabaret in Miami, for which the Company projects FY 2008 revenues of $23 million and EBITDA of $11.5 million; and a definitive agreement to buy Scores-Las Vegas in a transaction that it believes will add 29 cents per share to annual earnings.
The principal business lines of Rick’Äôs Cabaret are:
Nightclub Entertainment:
The principal brands are Rick's Cabaret (high-end clubs in New York City, Philadelphia,
Minneapolis, Houston, San Antonio, Ft. Worth, Austin);
Club Onyx (upscale nightclubs in Houston and Charlotte catering to African-American gentlemen.
XTC Cabaret (non-alcohol clubs in several Texas cities.
Tootsie's Cabaret (popular Miami adult nightclub.
Licensed clubs are scheduled open in Buenos Aries in 2008.
The Company also owns an upscale club in Dallas that will open in May 2008 and has signed letters of intent for to buy other clubs.
It licenses Rick's Cabaret in New Orleans.
CORRECTING and REPLACING Rick’s Cabaret International, Inc. Reports July Nightclub Sales of $6.73 Million
The release dated August 12, 2010 has been replaced to correct figures in the original version.
The corrected release reads:
RICK’S CABARET INTERNATIONAL, INC. REPORTS JULY NIGHTCLUB SALES OF $6.73 MILLION
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s leading chain of upscale gentlemen’s clubs, had revenues of $6.73 million at its nightclubs in July, a 3.78 percent increase over July in 2009. The company is issuing a corrected version of its July sales report today after it was discovered that some same store sales numbers were inadvertently transposed in the original press release. The corrected figures show a decline in same club revenues of 7.95 percent, rather than the flat figure as originally reported.
Same club-same month revenues were $5.92 million compared with $6.43 million in 2009.
Eric Langan, President and CEO of Rick’s Cabaret, noted: “Sales were soft in the first three weeks of July but recovered in most clubs in the final 10 days of the month. We continue to see weakness in the Las Vegas market but are encouraged by reports of an uptick in reservations for major conventions scheduled for late August and September. Our new clubs in Fort Worth and Austin are beginning to contribute as anticipated.”
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, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these 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.
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 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 ricks.com.
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