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 Elementary Public Relations Consulting and Press Release Service

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

Caliente Nudist Vacations!

Club Jessica Jaymes - Official Website

February 17, 2000 02:03pm
Rick's Cabaret International Announces First Quarter Results
Source: Business Wire

(HOUSTON, TX) -- Rick's Cabaret International Inc. (Nasdaq:RICK - news), the Houston-based adult Internet content provider and entertainment chain, announced today the filing of its Quarterly Report on Form 10-QSB for the quarter ended Dec. 31, 1999.

The Company had consolidated total revenues of $2,718,175, a decrease of 19% or a decrease of $599,794 below first quarter 1999 revenues of $3,317,969. The Company experienced a net profit of $84,026 for first quarter 2000 compared to a net profit of $283,074 for first quarter 1999. The decrease in total revenues was due to the sale of the New Orleans subsidiary and losses from the operation of the companies websites.

``We invested heavily in the adult Internet market during the last nine months,'' said Eric Langan, CEO and president of the Company. Langan continued, ``Our membership base is increasing on the company's DancerDorm website located at http://www.dancerdorm.com. In addition we will be launching another pay site, http://www.smutdog.com, in the near future.''

Langan also stated, ``We completed the process of revamping the Company's main site at http://www.ricks.com and re-launched it in January 2000.''

Rick's Cabaret International Inc. opened its first Rick's Cabaret in Houston in 1983 and went public with its IPO in 1995, making it the world's first publicly traded topless entertainment business. The Company currently operates premiere adult entertainment Internet web sites that were launched in October 1999 as well as three ``Rick's Cabaret'' locations, two of which are in Houston and one of which is in Minneapolis. The Company also owns XTC Cabaret in San Antonio and owns XTC Cabaret in Austin, Texas, through its 93% owned subsidiary, Taurus Entertainment Companies Inc. The Company currently owns all the real estate properties where its clubs are located as well as the property where its Internet production studio is located.

Other companies in the adult entertainment industry include New Frontier Media Inc. (Nasdaq:NOOF - news), Playboy Enterprises Inc. (NYSE:PLA - news) and Private Media Group Inc. (Nasdaq:PRVT - news).

This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated include risks and uncertainties related to laws governing the operation of adult entertainment establishments, the timing of the opening of other clubs, the availability of acceptable financing to fund corporate expansion efforts, competitive factors, dependence on key personnel, and the Company's ability to manage operations. The Company has no obligations to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.

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

Related Sites - WARNING! Graphic Content


Porn for GEEKS! Meet me & my friends!

Top Stories

Bukkake Participants Needed

Sugarcookie Earns Nom

Hookers for Hillary

Tarts for Trump

Color Blind ~ Reviewer Rated

Lamar Odom's Prostitute Talks

Kagney Linn Karter in Minneapolis

Angelina Castro Anniversary

Elizabeth Starr May Lose Breasts

Lolly Ink Self Booking

Sophie Dee in Miami

NightMoves Sponsors

Skyler Nicole Available

Darcy Tyler Jailed

Diesel Hits Anna Bell Peaks

Marica Hase Birthday Party

Are You an iDriver?

Sheri's Ranch Joint Venture

Allison Kilgore Returns

Exxxotica Dirty 30

Stories From

Business News

Bukkake Participants Needed

Lolly Ink Self Booking

Allison Kilgore Returns

Tera Patrick Available

Skyler Nicole Available

Angela White US Resident

Valentina Nappi Available

Prague for TES

Invitation to the Venus

Business News Section Index

NightMoves Call for Sponsors

Dava Foxx Self-Booking

Kahlista Stonem Available

The Hedge Against Exploitation

Toy with Raquel Sultra

XBIZ Berlin Schedule

Savana Styles Available

ChargeSavvy at ED Show

Driller Signs The Rub

NightMoves Calls for Sponsors

Casting Call

ABK Beta Users Free

OC Signs Darcie Dolce

Brittany is Back

Dollie Darko with 101 Modeling

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

AINews New Look

Copyright © 1998 - 2016 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).