Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
EXPO 2015, August 23-26, New Orleans
   
 

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

Caliente Nudist Vacations!

Brea Bennett at Twistys

March 19, 2002 11:21am
Rick's Cabaret to Acquire Auction Site EroticBid.com
Source: Rick's Cabaret
by: Company Press Release

(HOUSTON, TX) -- Rick's Cabaret International, Inc. [Nasdaq: Rick] said today it has signed a letter of intent to acquire leading online adult auction site EroticBid.com and will operate it as part of company's NaughtyBids.com network.

The acquisition is subject to due diligence and the execution of definitive documents. Terms of the transaction were not disclosed.

Eroticbid.com was launched in June 2000 and quickly established itself as the auction site of choice for porn stars such as Houston and Jasmin St. Clair, who used it to auction off props from their films and more personal items, according to Dan Adams, founder of EroticBid.com.

EroticBid.com is the seventh adult-related auction site we have launched or acquired in the past year and it will bring us a new group of active, dedicated collectors of erotica and other unusual items, according to Eric Langan, CEO of Rick's Cabaret. The adult auction space is a growing part of our business and is attractive to us because it requires very low overhead and generates high margin returns. To date we have closed more than 500,000 successful Internet auction transactions.

EroticBid.com is located in Saddle River, N.J. Like other online auction sites, it does not inventory any goods but generates revenues through transaction fees for successfully completed, self-generated auctions. The sellers fulfill all product sales. EroticBid.com will continue to be accessed through its own Web address, eroticbid.com and through NaughtyBids, naughtybids.com.

About Rick's Cabaret:
Ricks Cabaret is organized into two business lines: 1) Nightclubs and entertainment, comprising four Rick s Cabaret clubs in Houston and Minneapolis, two XTC Clubs in San Antonio and Austin, and the Encounters club in Houston catering to couples in the swingers lifestyle and, 2) Internet activities, which encompass adult entertainment sites such as the xxxpassword.com membership portal that provides access to 127,000 adult oriented Websites, and six auction sites led by naughtybids.com operating on a single proprietary technology platform that earn revenue from commissions on auctions of adult paraphernalia and on Webmaster referral fees.

Forward-Looking Statements:
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 our Web sites, the future operational performance of our partners, 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.


Related Stories

Related Sites - WARNING! Graphic Content

RavenBay01.3gp

See BiBi Jones at Digital Playground

Top Stories

Amia Miley Brazzers Contract

Epoch Club Special Event

Shade X from Smash

BBW Con 2015

UKAP Awards Site Live

Nikki Phoenix Radio Update

Ideal Image Supperclub Party

MWA: 06/12/15

XBIZ 2016 Announced

The Interview XXX

Starfall to Exxxotica

Mercy West Available

Library Girl at Exxxotica

Karmen Karma Top Shelf

MWA: 06/08/15

Payton Sin Claire on SDR

Angela Sommers in Houston

Prinzzess at Treasure Chest

Danica Dillon in Bath

MWA: 05/24/15

MWA: 05/22/15

Sin Claire with Foxxx

Adult's Achilles Heel

AHF's Hidden Agenda

New Smash VP Wyatt Case

Ink Inks OC, The Rub

National Porn Star Day

Pistol, Ross Talk Condoms

XXX Casting Call

Direct Reps Harper

AJ Applegate Available

Emma Marx: Boundaries ~ Reviewer Rated

Strippers Ready for Baseball

MWA: 05/04/15

RAW Signs Sasha Bradshaw

Modern Comstockery

Nikki Phoenix Appearance

More
Stories From

Business News

Mercy West Available

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

Roxanne Rae Available

Cherie Deville Available

Maryjean Available in LA

Alicia Silver Productions Content

Thomas Bagley Outed Belle Knox

Casting Call for 'Operation: Outdoors'

Mission Control Open House

Cherie Deville in LA

PASS Holiday Schedule

Santa Susana Pass Location

Sure Fuck Clothing Line

Nadia Night With Lucky Devil

Richelle Ryan Available

LATATA Responds to FSC

FSC Burdens Performers

Online Dating Summit Curacao

Tanya Tate Action Figure

Cam Studio Rental Rates

Sportsheets ILS Blitz

Fantasy Lingerie Storerotica Noms

New Networking Event

TES Early Bird Price

XBIZ Executive Awards

Baci Announces New Distributor

Sliquid Fifty Shades Collection

AINews New Look

Business News Section Index

     
Copyright © 1998 - 2015 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).