Rick's Cabaret Will Hold Conference Call Tuesday February 16th to Discuss First

HOUSTON--(BUSINESS WIRE)--Rick's Cabaret International, Inc. (NASDAQ: RICK), the nation's premier chain of gentlemen's clubs, will release its first quarter 2010 results on Tuesday February 16th, followed by a conference call/webcast at 4:30 pm (ET) hosted by CEO Eric Langan. Immediately after the call the company will hold its traditional “Due Diligence Ball” (DDB) for financial industry professionals and investors at the company's New York City nightclub (50 West 33rd St.).

The conference call will allow securities analysts and shareholders the opportunity to hear management discuss results for the company's first quarter ended December 31, 2009. The call is being webcast by Vcall and can be accessed at the Rick's Cabaret website, ricks.com or www.InvestorCalendar.com. The toll free Live Participant Dial In number is 877-407-8033, while international callers should use 201-689-8033. The toll free replay number 877-660-6853, while international callers should use 201-612-7415. Replay passcodes required for playback are: Account #: 286 and Conference ID #: 344435.

The Due Diligence Ball is a popular event that gives investors an opportunity to see the company's operations first hand and talk personally with Mr. Langan. Held at the company's New York City nightclub at 50 West 33rd Street near Madison Square Garden and across from the Empire State Building, the DDB features free admission, passed hors d'oeuvres and drinks at discount prices from 6 p.m. to 8 p.m. To RSVP email [email protected].

Rick's Cabaret International, Inc. January Sales Rose 20.75%; Same Club Sales Rose 14.65 Percent over Previous Year

HOUSTON--(BUSINESS WIRE)--Rick's Cabaret International, Inc. (NASDAQ: RICK), the leading chain of gentlemen's clubs, said sales at its nightclubs in January rose 20.75 percent over January 2009, while same club sales climbed 14.65 percent over the previous January.

The company said sales at its clubs totaled $6.8 million for the month of January, compared with $5.6 million in the previous January.

Sales at clubs operated for more than a year were $6.3 million, compared with $5.5 million in the previous January.

Said Eric Langan, President and CEO of Rick's Cabaret: “We are very pleased with our sales growth in January and are happy that our growth is continuing. We have now been able to cut back on the very expensive programs we used in the last quarter that helped us gain significant market share. We believe this will help us improve our margins in the current quarter, which has benefited from the Super Bowl in Miami and the upcoming NBA All-Star week in Dallas. We will discuss this in more detail in our conference call on February 16th.”

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