February 07, 2006 11:00pm
NBA Week May Bring Record Business to Club Onyx
Source: Rick's Cabaret International, Inc.
by: Company Press Release
(HOUSTON, TX) -- Rick's Cabaret International, Inc. [NASDAQ: Rick] says it anticipates a record business volume at its Club Onyx gentlemen's club during the NBA All-Star 2006 Week in Houston from February 13-20. The company's Rick's Cabaret and XTC Cabaret nightclubs in Houston are also expected to benefit from increased traffic during the week leading up to the NBA All-Star game.
Since its opening in 2004 in the Galleria shopping district as an upscale cabaret catering to urban businessmen and professionals, Club Onyx (3113 Bering Drive at Richmond) has been a favorite nightspot of Houston sports fans and athletes.
"Club Onyx has attracted professional athletes by the dozens since we opened," according to Eric Langan, President and CEO of Rick's. "They like being in an environment where the other customers give them plenty of space and don't hassle them for autographs."
Mr. Langan said the company believes it will show a significant revenue increase for the Houston clubs in February as a result of the NBA All-Star activities, adding that Rick's Cabaret clubs in Houston "did very well when Houston hosted the Super Bowl XXXVIII and the MLB All-Star Game in 2004, and we anticipate doing as well or better during the NBA week since basketball fans are great customers and Toyota Center is only a 10 minute drive from the club."
NBA All-Star week is a week-long basketball extravaganza culminating in the annual all-star game on Sunday, February 19th that will pack Toyota Center and be seen by a worldwide television audience that reaches more than 200 countries.
Club Onyx was launched after the company's management decided to take its highly successful upscale gentlemen's format into one of the fastest growing but underserved demographic segments - the universe of highly successful and increasingly affluent urban males. The club opened June 10, 2004 at the remodeled 12,800 square foot site of the original Rick's Cabaret nightclub.
About Rick's Cabaret Rick's Cabaret International, Inc. (NASDAQ: Rick, 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, CouplesTouch.com, and a network of nine online auction sites for adult products under the flagship URL 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.
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 Ricks.com.
Contact for further information:
Allan Priaulx, 212-338-0050, IR@Ricks.com