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Rick's Cabaret International (RICK)
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RICK » Topics » Stonegate Securities

This excerpt taken from the RICK DEF 14A filed Jul 21, 2008.
Stonegate Securities.

The other exciting story behind the successes your company enjoyed last year is that we build a strong foundation for more growth in 2008.  Here are some of the major accomplishments so far:

 
·
Tootsie’s Cabaret, our 47,000 sq. ft. adult nightclub in Miami, is contributing over $2 million in revenue and solid profits, each month.
 
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Our new 25,000 sq. ft. nightclub in Philadelphia is a prize location that that is already considered the finest adult cabaret, steakhouse and sports bar combo in the region.
 
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We signed definitive documents to acquire the former Scores-Las Vegas cabaret, which will give us a powerful presence in the most popular recreation-leisure destination in the country.
 
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We acquired two clubs in Dallas -- the former Executive Club in Dallas and the nearby Platinum II club, which will become a Club Onyx. These acquisitions give us three locations in the strong Dallas-Ft. Worth market.
 
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We continued to report strong comparative same-club growth through the first half of the year, with our midtown Manhattan club again leading the way.
 
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We acquired ED Publications, providing us with a media platform in adult entertainment industries.

Our success is due to that unique mix of employees and outstanding entertainers who are dedicated to enabling each of our customers to enjoy a great time on their visits to Rick’s Cabaret, Club Onyx, XTC Cabaret and Tootsie’s Cabaret. We are extremely fortunate to have over 700 outstanding individuals on our staffs and over 3,000 of the best nightclub entertainers in the business. Our management team has been strengthened through our internal training programs and supplemented with people who have come to us through our acquisition of new clubs.

I thank you for your confidence in Rick’s Cabaret. Your support makes it possible for us to grow and prosper. We will continue to keep your interests uppermost as we complete transactions and build our brands nationally.

Please feel free to ask me any questions you may have by emailing me at eric@ricks.com, or talk to our investor relations representatives at ir@ricks.com.

Thank you.

/s/ Eric Langan
Eric Langan
President/CEO
 

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