July 02, 2001 09:49am
Rick's Cabaret International Inc. Acquires Second Adult Internet Auction Site
Source: Rick's Cabaret International Inc.
by: Company Press Release
(HOUSTON, TX) -- Rick's Cabaret International Inc. completes the acquisition of its second adult Internet auction site with the purchase of http://www.xxxauctionville.com. This transaction is part of Rick's growth strategy for its Naughtybids.com adult auction site.
Eric Langan, president and CEO of Rick's stated, ``This transaction along with our recent acquisition of pornauction.com will further increase our presence in the adult auction marketplace.'' Mr. Langan continued, ``This acquisition also adds to our steadily growing base of registered users. We are continuing to grow the site through our Webmaster affiliate program and continue to seek candidates to acquire their current membership base.''
This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause Rick's actual results to differ materially from those indicated in this press release include the risks and uncertainties as to whether the definitive documentation will ultimately be executed, the future operational and financial results of the newly acquired Web site, the future operational strength of Voice Media, the laws governing the operation of adult entertainment businesses, competitive factors, dependence on key personnel and the ability to manage operations. Rick's has no obligation to update or revise the forwardlooking statements to reflect the occurrence of future events or circumstances.
Rick's Cabaret International Inc., Houston
Eric Langan, 713/820-1181
The Howell Group, Dallas
Larry Howell, 214/368-1592