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This excerpt taken from the RICK DEF 14A filed Jul 7, 2009. Rick’s Cabaret Las Vegas. This acquisition coincided with a record-breaking drop in tourist traffic in Las Vegas and general economic downturn nationwide. In order
to overcome the impact of the poor economic environment, we fine-tuned our marketing approach and by the second quarter of the current year we were seeing increases in numbers of customers, revenues and income.
Coming out of 2008, our chief focus was to make certain that all of our clubs are performing to their maximum potential. We are doing so through changes in format, pricing, marketing and personnel. We are once again actively evaluating potential acquisition targets, and we anticipate continuing to lead in the consolidation of the adult
club industry.
Our success depends on the dedicated contributions of our employees and talented entertainers. We all come to work each day with one goal – making sure that our customers receive the finest gentlemen’s club experience anywhere in the country when they visit a Rick’s Cabaret, XTC Cabaret, Club Onyx or Tootsie’s Cabaret. As
we consistently achieve this goal, we all succeed.
Please do not hesitate to contact me with any questions by emailing me at ir@ricks.com. I will get back to you promptly.
Thank you.
/s/ Eric Langan
Eric Langan
President/CEO
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