Rick's Cabaret Will Hold Conference Call August 14th to Discuss Third Quarter Results, Followed by a "Due Diligence Ball" at Its New York City Club

Fri Aug 8, 9:58 AM

HOUSTON--(BUSINESS WIRE)--Rick’s Cabaret International, Inc. (NASDAQ/GM: RICK) will release its third quarter 2008 results on August 14th, followed by a conference call/webcast at 4:30 pm (EDT) hosted by CEO Eric Langan. Immediately after the call the company will hold a “Due Diligence Ball” for financial industry professionals and investors at the company’s New York City nightclub (50 West 33rd St.).

The conference call will allow securities analysts and shareholders the opportunity to hear management discuss results for the quarter ended June 30, 2008. The call is being webcast by Vcall (click here) and can be accessed at the Rick’s Cabaret website, ricks.com or www.InvestorCalendar.com. Toll free live participant dial-in number is 877-407-8033, and international callers are invited to dial 201-689-8033. A toll free replay number 877-660-6853 will be available until August 21 (international callers dial 201-612-7415).

The “Due Diligence Ball” has become a popular event in New York City that follows most of the company’s earnings announcement conference calls. It gives investors and financial community professionals an opportunity to see the company’s operations first hand and talk personally with Mr. Langan. Guests receive free admission to the club, free hors d’oeuvres and drinks at discount prices from 6 p.m. to 8 p.m. To RSVP email ir@ricks.com.

Separately, the company will hold its annual meeting of shareholders on September 2nd in Houston at the Rick’s Cabaret North in Houston, 410 N. Sam Houston Parkway, beginning at 10 am CT. Shareholders unable to attend the meeting are invited to visit http://www.amstock.com/proxyservices/viewmaterials.asp, where the following materials are available: 1) Notice of Annual Meeting of Shareholders; 2) Proxy Statement; 3) Form of Electronic Proxy Card; 4) Annual Report on Form 10-KSB.

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, operates or licenses adult nightclubs in New York City, Miami, Philadelphia, New Orleans, Charlotte, Dallas, Houston, Minneapolis and other cities under the names “Rick's Cabaret,” “XTC,” “Club Onyx” and “Tootsie’s Cabaret”. Sexual contact is not permitted at these locations. Rick’s Cabaret also operates a media division, ED Publications, and owns the adult Internet membership Web site, couplestouch.com as well as 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 cities where it operates, the success or lack thereof in launching and building the company’s businesses, 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 visit ricks.com.

Rick’s Cabaret International, Inc.
Allan Priaulx, 212-338-0050
ir@ricks.com