Rick's Cabaret International, Inc. Buys Property In Beaumont, TX For New Restaurant And Sports Bar

HOUSTON, Oct. 7, 2013 /PRNewswire/ -- Rick's Cabaret International, Inc., (NasdaqGM:RICK), a leading hospitality company with restaurants and gentlemen's clubs nationwide, has purchased property in Beaumont, TX, at 4120 College St. near I-10 where it will open a restaurant and sports bar in the near future.

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The former Whiskey River Dance Hall will be totally remodeled and transformed into a modern, high energy Bombshells or Ricky Bobby Sports Saloon.  The company opened its first Bombshells restaurant and sports bar in Dallas in February and its first Ricky Bobby Sports Saloon restaurant in Ft. Worth in July. A second Bombshells is currently planned in the Houston suburb of Webster.

"The Beaumont property fits perfectly into our plans to extend our restaurant/sports bar division," said Eric Langan, president and CEO of Rick's Cabaret. "It's at the busy intersection of College and I-10 and will be an ideal location for us."

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) is home to restaurants and upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Los Angeles, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities operate as "Rick's Cabaret," "XTC," "Club Onyx," "Vivid Cabaret," "Tootsie's Cabaret," "Ricky Bobby Sports Saloon," "Bombshells" 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.



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