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July 25, 2007 12:42am
Rick's Cabaret Austin Grand Opening Party
Source: Rick’s Cabaret International, Inc.
by: Company Press Release

(AUSTIN, TX) -- Rick’s Cabaret International, Inc. (Nasdaq: Rick), the company that combined upscale gentlemen’s club entertainment with fine dining, will hold a grand opening party August 3rd at the Rick’s Cabaret in Austin to introduce its new VIP suites and Sky Boxes.

The new VIP entertainment complex occupies the second floor of the Rick’s Cabaret at the Springdale Road exit of Highway 290 in Austin (8110 Springdale, 512-929-3939). A complimentary Texas-sized 40-foot long buffet will kick off the party at 8:00 pm with drink specials all night. Entertainers from other Rick’s Cabaret nightclubs across the nation will be coming for the event. (Note to Media: Press may obtain passes for the Austin event by contacting ir@ricks.com.)

"With the opening of these high-end VIP facilities the Rick’s Cabaret-Austin now ranks as one of the top gentlemen’s clubs in the nation," said Eric Langan, the Rick’s Cabaret CEO. "The new restaurant at our Austin club will rival steakhouses anywhere, with an excellent selection of premium steaks and incredible entrees. We are the only two-story club in Austin and our second floor is devoted exclusively to VIP activities that are a perfect complement to the club’s warm hospitality and beautiful entertainers in keeping with our history of having introduced more than a dozen Penthouse Pet and Playboy Playmate centerfold models."

The new VIP suites are furnished with plush chairs, marble tables, decorative walls, and your very own flat screen TV. The Sky Boxes are modeled on the athletic stadium concept and offer patrons a panoramic view of the entertainment action plus personalized refreshment and food service.

The Rick’s Cabaret in Austin is one of fourteen adult nightclubs owned, operated or licensed by the Nasdaq-traded company in New York City, Minneapolis, Houston, San Antonio, Charlotte and New Orleans.

About Rick’s Cabaret

Rick’s Cabaret International, Inc. (Nasdaq: Rick) operates upscale adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant and bar operations. The company owns and operates or licenses adult nightclubs in New York City, New Orleans, Charlotte, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "Xtc" and "Club Onyx." 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 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 New York City and elsewhere; the success or lack thereof in launching and building the company’s businesses in New York City and elsewhere; the Company’s ability to identify and secure suitable locations for new nightclubs on acceptable terms, open the anticipated number of new nightclubs on time and within budget; achieve anticipated rates of same-store sales; hire and train additional nightclub personnel and integrate new nightclubs into its operations; unexpected increases in costs of sales or employee, pre-opening or other expenses; the economic conditions in the new markets into which the Company expands and possible uncertainties in the customer base in these areas; fluctuations in quarterly operating results; the impact of any negative publicity or public attitudes; competitive pressure from other national and regional nightclub chains; 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 www.ricks.com.

Contact:
Allan Priaulx, 212-338-0050; ir@ricks.com

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