Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world EXPO 2015, August 23-26, New Orleans
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Caliente Swinger Vacations!

Brea Bennett at Twistys

March 27, 2006 05:44am
Rick's Buys Near Hobby in Houston
Source: Rick's Cabaret International, Inc.
by: Company Press Release

(HOUSTON, TX) -- Rick's Cabaret International, Inc. (NASDAQ: Rick) said today its RCI Holdings, Inc. subsidiary has contracted to purchase the real estate at 9009 Airport Boulevard in Houston where it currently operates Hummers Sports Bar and XTC Cabaret.

"This is a superb piece of property and by owning it we will be able to further develop our club activities at a site that is convenient to William P. Hobby Airport (HOU) and the commercial centers of South Houston," said Eric Langan, President and CEO of Rick's Cabaret.

The property is 99,085 square feet and has been leased by Rick's Cabaret to house the Hummers Sports Bar and an XTC Cabaret adult club.

When the transaction closes following the completion of surveys and inspections, the company will pay the present owner $1.3 million in a combination of cash and stock. Further details on the sale are available in a Form 8-K filed with the SEC and posted on the company's website (ricks.com).

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.

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 ricks.com.

Contact for further information: Allan Priaulx, 212-338-0050, IR@Ricks.com

Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world

Related Stories

Related Sites - WARNING! Graphic Content

RavenBay01.3gp

See BiBi Jones at Digital Playground

Top Stories

Little Sassee Cassee in OK

Dee, Michaels in Alabama

Nikki Benz Headlines Ohio

Raven Bay's Big Tits

Adult Film Fest LV October

AVN Tickets On Sale

Galaxy Stars to Exxxotica

Exxxotica Dallas Official Statement

Danger Builds Darth Vibrader

Caribbean Playground Party

Lesbian Training Day 4

Vice is Nice Event

Rock’N’SeXXXy UnCensored Thursday

Casting Call

5X Raven Bay

Desiree Deluca on TV

MWA: 07/12/15

ABK Beta Users Free

Casey Calvert's IR Gangbang

After Hours on CyberstationUSA

D Wise Fights for Life

Girlfriends Celebrates Caitlyn Jenner

The V Agency Joins LATATA

Amateur Allure New Lines

ED Awards Host Thea Vidale

Freedom Acres Anniversary Party

Throwback Expo Registration Rates!

Tanya Tate at Comic Con

Bridget the Midget at Vivid Houston

Amia Miley Brazzers Contract

Epoch Club Special Event

Shade X from Smash

BBW Con 2015

UKAP Awards Site Live

Nikki Phoenix Radio Update

Ideal Image Supperclub Party

MWA: 06/12/15

XBIZ 2016 Announced

The Interview XXX

Starfall to Exxxotica

Mercy West Available

Library Girl at Exxxotica

Karmen Karma Top Shelf

MWA: 06/08/15

More
Stories From

Business News

Casting Call

ABK Beta Users Free

Mercy West Available

The V Agency Joins LATATA

Sin Claire with Foxxx

New Smash VP Wyatt Case

Epoch Club Special Event

Ink Inks OC, The Rub

XBIZ 2016 Announced

RAW Signs Sasha Bradshaw

Direct Reps Harper

SashaBrabuster's XXX Comeback

AJ Applegate Available

Freedom Acres Open House

Global Adult Industry Association

Tod Hunter Press Releases

Cumisha Amado at Sagebrush

J.Lo Doc Johnson Offer

Passport to Hustler Event

Advertise on AINews

Freedom Acres Location

Nina Elle Retains Star Factory

Karen Summer Returns

She's Judas & Available

Camming Con Moves Dates

Exquisite Distributes DDF

Cherie Deville Returns

Roxanne Rae Available

Cherie Deville Available

Maryjean Available in LA

Alicia Silver Productions Content

Thomas Bagley Outed Belle Knox

Casting Call for 'Operation: Outdoors'

Mission Control Open House

Cherie Deville in LA

PASS Holiday Schedule

Santa Susana Pass Location

Sure Fuck Clothing Line

Nadia Night With Lucky Devil

Richelle Ryan Available

LATATA Responds to FSC

FSC Burdens Performers

Online Dating Summit Curacao

Tanya Tate Action Figure

Cam Studio Rental Rates

Sportsheets ILS Blitz

Fantasy Lingerie Storerotica Noms

New Networking Event

Baci Announces New Distributor

AINews New Look

Business News Section Index

     
Copyright © 1998 - 2015 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).