October 02, 2000 08:38am
Southwick Investments Initiates Coverage of Rick's Cabaret With Long-Term Buy Recommendation
Source: Southwick Investments, Inc.
by: Company Press Release
(ATLANTA, GA) -- The following was released today by Southwick Investments, Inc., CRD #36127:
Southwick Investments, Inc. has initiated coverage of Houston, Texas-based Rick's Cabaret International, Inc. (Nasdaq: RICK - news) with a ``businessman's risk/long-term buy'' recommendation. Rick's Cabaret became the world's first publicly traded topless entertainment business in 1995.
Today the Company owns and operates six clubs-three in Houston, one each in Austin and San Antonio and one in Minneapolis. In early 2000, Rick's launched its first two premium adult Internet web sites and recently acquired a third from Voice Media, Inc., one of the largest privately held operators of adult Internet web sites. Rick's has executed a letter of intent to acquire a second web site from Voice Media.
The analyst who produced the initial report for Southwick Investments is Al Shams. Copies of the report may be obtained at telephone 800-451-9158.