This excerpt taken from the RICK 8-K filed Apr 15, 2008.
Penthouse Club in 2006 and had over $7 million in annual revenues. The club was closed for most of 2007 pending a legal settlement with the city. Rick's Cabaret has received a new Sexually Oriented Business permit to operate the club and is fully compliant with the current city ordinance.
The purchase brings to 17 the number of clubs owned and operated by Rick's Cabaret.