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August 08, 2007 01:00pm
Rick's Cabaret Due Diligence Ball
Source: Rick’s Cabaret International, Inc.
by: Company Press Release

(HOUSTON, TX) -- Rick’s Cabaret International, Inc. (Nasdaq: Rick) will release its third quarter 2007 results on August 14th, followed by a conference call/webcast hosted by President and Ceo Eric Langan and later host a "Due Diligence Ball" for financial industry professionals at the company’s New York City nightclub.

Results for the quarter ended June 30, 2007 are scheduled to be filed with the Sec August 14th. The conference call is scheduled to begin at 4:30 p.m. EDT to allow securities analysts and shareholders the opportunity to hear Mr. Langan and Rick’s Cabaret CFO Phillip Marshall discuss the company's quarterly results.

The call is being webcast with slides by Shareholder.com and can be accessed through the Rick’s Cabaret website (www.ricks.com). The toll free live participant dial-in number for callers from the U.S. And Canada is 800-361-0912, while international callers can use 913-981-5559. The conference call will be available for replay for 14 days after the event at 888-203-1112 (U.S. And Canada) and 719-457-0820 (international). Replay passcode: 9453772.

The "Due Diligence Ball" events at the Rick’s Cabaret/New York City nightclub (50 West 33rd Street between Fifth and Broadway), have become popular among financial community professionals, who get a chance to see the company in operation. Guests receive free admission and hors d’œuvres, and can purchase all drinks for $7 from 6 p.m. to 9 p.m. To Rsvp please email ir@ricks.com.

During the conference call Mr. Langan will discuss the results of two recent record-setting months for revenues at the company’s nightclubs, May with $2,831,807 and June with $2,956,787. The July sales of $2,948,534, which represented a 54 percent gain over July 2006, will be included in the company’s fourth quarter results.

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, 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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