Rick's Cabaret International, Inc. Opens New 'Temptations' Gentlemen's Club In Louisiana
HOUSTON, May 6, 2013 /PRNewswire/ -- A subsidiary of Rick's Cabaret International, Inc. has opened a new 'Temptations' gentlemen's club in Sulphur, LA., (3260 Hwy 108 South) close to the L'Auberge Hotel & Casino in Lake Charles and eight other gambling resorts, as well as the huge CITGO Lake Charles Manufacturing Complex.
The new club brings to 37 the total clubs operated by Rick's Cabaret subsidiaries, with five more under construction. All 42 locations will be opened by October 2013, including a new club in Los Angeles County that will launch next month and a second club in the Fashion District of Midtown Manhattan, both to be called Vivid Cabaret.
The Sulphur club real estate was purchased last month for $850,000. A subsidiary of Rick's Cabaret paid $50,000 in cash and financed the remainder at 7 percent interest. It opened as 'Temptations' with a "soft launch" as soon as operating permits and licenses were received on May 2nd. A grand opening will be held in the near future.
"This is a terrific location for us, in the heart of the Louisiana gambling complex and adjacent to a huge CITGO facility," said Eric Langan, president and CEO of Rick's Cabaret. The 6,000 square foot Temptations has a 24-hour liquor license and will feature hospitality and beautiful entertainers typical of all Rick's Cabaret clubs.
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 are named "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 email@example.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.