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Rick's Cabaret International, Inc. Subsidiary Will Help Manage An Adult Club On Fannett Rd. In Beaumont, Texas To Be Called Jaguars

Stocks in this article: RICK

HOUSTON, Feb. 19, 2013 /PRNewswire/ -- RCI Management Services, Inc. a subsidiary of publicly traded Rick's Cabaret International, Inc . (NASDAQ:RICK), has signed an agreement to help manage and operate a gentlemen's club at 4680 Fannett Rd. in Beaumont, Tx.

(Logo: http://photos.prnewswire.com/prnh/20110418/MM85342LOGO)  

Fannett Entertainment LLC also entered into an agreement with another Rick's Cabaret subsidiary, Jaguars Acquisition Inc., to license the Jaguars name for the Fannett Rd. property.

"We are very pleased to be able to provide our adult club expertise to help manage and improve business at the Fannett Rd. location under the Jaguars brand name," said Ed Anakar , president of RCI Management Services Inc. "Simultaneously we are also working with architects and contractors to complete the remodeling of our club at 5900 College St., which we acquired last fall as part of our Jaguars group purchase. It will become a full-service Rick's Cabaret club, with great dining and entertainment," added Mr. Anakar, who oversees nationwide operations for the 35 adult clubs that are part of the Rick's Cabaret group.

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) is home to upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities as "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret" and other brand names. Sexual contact is not permitted at any locations. Rick's Cabaret also operates a media division, ED Publications. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.

Forward-looking Statements: This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated in this press release, including the risks and uncertainties associated with operating and managing an adult business, the business climates in cities where it operates, the success or lack thereof in launching and building the company's businesses, risks and uncertainties related to the operational and financial results of our Web sites, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. Rick's has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances. For further information visit www.ricksinvestor.com.

SOURCE Rick's Cabaret International, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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