July 23, 2001 08:21am
Rick's Cabaret International Inc. Acquires Fifth Adult Internet Auction Site
Source: Rick's Cabaret International Inc.
by: Company Press Release
(HOUSTON, TX) -- Rick's Cabaret International Inc. (Nasdaq:RICK - news) completes its fifth adult Internet auction site with the purchase of malebid.com (http://www.malebid.com/). This transaction is part of Rick's growth strategy for its Naughtybids.com (http://www.naughtybids.com) adult auction site.
Eric Langan, president and CEO of Rick's, stated, ``This transaction further demonstrates our support for both the gay and straight community at Naughtybids.'' Mr. Langan continued, ``We believe this acquisition will add to the already growing gay section of our site.''
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 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 forward-looking statements to reflect the occurrence of future events or circumstances.
Rick's Cabaret International Inc., Houston
Eric Langan, 281/820-1181
The Howell Group, Dallas
Larry Howell, 214/368-1592