Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
New York's VIP Elite Boutique Dating Service Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world
   
 

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 Swinger Vacations!

Join Tera Patrick

December 31, 1999 08:31am
Rick's Cabaret International Announces Year-End Results
Source: BUSINESS WIRE
by: Company Press Release

(HOUSTON, TX)--Rick's Cabaret International Inc. (Nasdaq:RICK - news), the Houston-based adult Internet content provider and entertainment chain, announced today the filing of its Annual Report on Form 10-KSB for the year ended Sept. 30, 1999. The Company had consolidated total revenues of $10,381,427, an increase of 32% or an increase of $2,549,896 above fiscal 1998 revenues of $7,831,531. The Company experienced a net loss of $40,572 for fiscal 1999 compared to a net loss of $604,864 for fiscal 1998. The increase in total revenues was due to an increase in the number of our locations and increases in our same store sales.

"The Company invested heavily in the adult Internet market during the last six months of fiscal 1999," said Eric Langan, CEO and president of the Company. Langan continued, "We launched our members only web site, http://www.dancerdorm.com, in November 1999. Our web site is not only generating a new source of revenue but it is also increasing Rick's International's presence."

Langan also stated, "We are currently receiving over 70,000 visitors a day to our web sites. We are in the process of revamping one of our web sites at http://www.ricks.com and expect to relaunch it in January 2000." Langan continued, "We are looking forward to attending this year's IA2000 in Las Vegas for an opportunity to add to our Internet presence."

Rick's Cabaret International Inc. opened its first Rick's Cabaret in Houston in 1983 and went public with its IPO in 1995, making it the world's first publicly traded topless entertainment business. The Company currently operates premiere adult entertainment Internet web sites that were launched in October 1999 as well as three ``Rick's Cabaret'' locations, two of which are in Houston and one of which is in Minneapolis. The Company also owns XTC Cabaret in San Antonio and owns XTC Cabaret in Austin, Texas, through its 93% owned subsidiary, Taurus Entertainment Companies Inc. The Company currently owns all the real estate properties where its clubs are located as well as the property where its Internet production studio is located.

Other companies in the adult entertainment industry include New Frontier Media Inc. (Nasdaq:NOOF - news), Playboy Enterprises Inc. (NYSE:PLA - news) and Private Media Group Inc. (Nasdaq:PRVT - news).

This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated include risks and uncertainties related to laws governing the operation of adult entertainment establishments, the timing of the opening of other clubs, the availability of acceptable financing to fund corporate expansion efforts, competitive factors, dependence on key personnel, and the Company's ability to manage operations. The Company has no obligations to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.

New York's VIP Elite Boutique Dating Service

Related Stories

Related Sites - WARNING! Graphic Content

RavenBay02.3gp

Porn for GEEKS! Meet me & my friends!

Top Stories

MWA: 03/10/17

Prop 60, Part One

Prop 60, Part Two

MWA: 03/05/17

Phillips, Valentina Deliver BJs

MWA: 03/06/17

Briana Banks Comeback

MWA: 03/01/17

Color Blind's Kasey Warner

MWA: 02/24/17

Patriots Win = Superbowl BJs!

Cindy Starfall Interview

Kiki Daire at Christie's

About Emma Hix

Royal Empire Productions

MWA: 01/09/17

Golden Age Star Appearances

Spotlight Studios Adult Industry Party

Jenevieve Hexxx Antics

AEE 2017: A Resounding Success

Bill Margold Memorial Fund

Thoughts About Bill Margold

Take Care and Care Take

Bill Margold Memorial (UPDATED)

Bill Margold Died

Time with Tanya Tate

New Model Leila Sugarcookie

TTS Discount at LV Office

Official APAG Statement

Jelena Jensen Girlsway GOTY

MWA: 01/06/17

Vivid's Sex Tape Wish List

Darling Running for Assembly

Valentina Nappi Available in 2017

­­­­Melania Trump Impersonator at Little Darlings

Rachel Raxxx CumBang

Inked Angels Now Podcasts

Brothel Seeks Britney Spears Lookalike

Rodney Moore Covers Glen Campbell Song

Vicky Vette AVN Nom

Osa Lovely Signs Skyn

Vote Porno Dan

I Love 80s Porn Contest

Goodbye 2016, Hello 2017!

MWA: 12/31/16

VNALive Marathon

Genuine Sin VR

MWA: 12/20/16

More
Stories From

Business News

Spotlight Studios Adult Industry Party

Valentina Nappi Available in 2017

Osa Lovely Signs Skyn

Genuine Sin VR

Brothel Seeks Britney Spears Lookalike

Winter Wonderland at XBIZ

Press Release Service

Nina Kayy with Skyn

Coxxx Models Licensed in CA

Bukkake Participants Needed

Lolly Ink Self Booking

XBIZ 2017 Show

Allison Kilgore Returns

Tera Patrick Available

Skyler Nicole Available

Angela White US Resident

Valentina Nappi Available

Prague for TES

Invitation to the Venus

Business News Section Index

NightMoves Call for Sponsors

Dava Foxx Self-Booking

Kahlista Stonem Available

The Hedge Against Exploitation

Toy with Raquel Sultra

XBIZ Berlin Schedule

Savana Styles Available

ChargeSavvy at ED Show

Driller Signs The Rub

NightMoves Calls for Sponsors

Casting Call

ABK Beta Users Free

OC Signs Darcie Dolce

Brittany is Back

Dollie Darko with 101 Modeling

Mercy West Available

The V Agency Joins LATATA

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

AINews New Look

     
Copyright © 1998 - 2017 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).