Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world 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 Swinger Vacations!

Eva Angelina at Twistys

August 15, 2000 05:36am
Rick's Cabaret International Announces Third Quarter Profit
Source: Rick's Cabaret International
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 Quarterly Report on Form 10-QSB for the quarter ended June 30, 2000.

The Company had consolidated total revenues of $3,066,228, an increase of 51% or $1,040,32 above third quarter 1999 revenues of $2,025,907. The Company experienced a net profit of $73,078 for third quarter 2000 compared to a net loss of $224,855 for third quarter 1999. The increase in total revenues was due to an increase of $220,665 in same store revenues and revenues of $819,656 in the companies new locations and internet properties. ``We are very pleased with the results of our management teams ability to increase the revenues from our club operations and we are looking forward to increased internet revenues from the acquisition of xxxpassword.com,'' said Eric Langan, CEO and president of the Company.

Net income before extraordinary items for the nine months ended June 30, 2000 was $43,825, compared with net income before extraordinary items for the nine months ended June 30, 1999 of $211,380. The decrease was due to the initial cost in the company's internet operations during this fiscal year. Langan added, ``I anticipate continued growth in both our club and Internet revenues which would fuel continued increases in earnings during the fourth quarter.''

Rick's Cabaret International Inc. opened its first ``Rick's Cabaret'' in Houston in 1983 and went public with its IPO in 1995, making Rick's the world's first publicly traded topless entertainment business. Rick's owns and operates premier adult entertainment Internet Web sites, such as www.DancerDorm.com and www.xxxpassword.com. Rick's also owns and/or operates four Rick's Cabaret locations, three of which are in Houston and one of which is in Minneapolis. Rick's also owns XTC Cabaret in San Antonio and owns XTC Cabaret in Austin, Texas, through its 93% owned subsidiary, Taurus Entertainment Companies Inc. Rick's and its subsidiaries own all the real estate properties where their cabarets and Internet production studio are located except its south Houston location, which is leased.

Other companies in the adult entertainment industry include Playboy Enterprises Inc., New Frontier Media Inc. and Private Media Group Inc.

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 forward-looking statements to reflect the occurrence of future events or circumstances.

Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world


RavenBay02.3gp

See BiBi Jones at Digital Playground

Top Stories

Driller Signs The Rub

Lex's Tattooed Vixens 2

Little Sassee Cassee in OK

Dollie Darko with 101 Modeling

Dee, Michaels in Alabama

Nikki Benz Headlines Ohio

Raven Bay's Big Tits

Adult Film Fest LV October

AVN Tickets On Sale

Galaxy Stars to Exxxotica

Exxxotica Dallas Official Statement

Danger Builds Darth Vibrader

Caribbean Playground Party

Lesbian Training Day 4

Vice is Nice Event

Rock’N’SeXXXy UnCensored Thursday

Casting Call

5X Raven Bay

Desiree Deluca on TV

MWA: 07/12/15

ABK Beta Users Free

Casey Calvert's IR Gangbang

After Hours on CyberstationUSA

D Wise Fights for Life

Girlfriends Celebrates Caitlyn Jenner

The V Agency Joins LATATA

Amateur Allure New Lines

ED Awards Host Thea Vidale

Freedom Acres Anniversary Party

Throwback Expo Registration Rates!

Tanya Tate at Comic Con

Bridget the Midget at Vivid Houston

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

More
Stories From

Business News

Driller Signs The Rub

Casting Call

ABK Beta Users Free

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

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

Baci Announces New Distributor

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).