Rick's Cabaret to Hold "Due Diligence Ball" for Financial Industry May 14th at New York City Gentlemen's Club

Business Wire, May 7, 2007

NEW YORK -- Rick's Cabaret International, Inc. (NASDAQ: RICK), the publicly traded operator of upscale gentlemen's clubs across the country, will hold its quarterly "Due Diligence Ball" for financial industry executives at Rick's Cabaret-New York City on May 14th.

Admission to the club at 50 West 33rd Street will be free for brokers, analysts, fund managers and other financial industry professionals. There will be complimentary hors d'oeuvres and all drinks will be just $7 from 6:30 p.m. to 9 p.m. Those wishing to attend can RSVP by emailing ir@ricks.com.

"This is the latest in a series of Due Diligence Ball events we have held at the club to give people on Wall Street a chance to see us in person," said Eric Langan, President and Chief Executive Officer of Rick's Cabaret. "We have found that the financial industry professionals enjoy learning what we are all about - which is providing a great entertainment experience with beautiful women, terrific food and wonderful hospitality in an upscale environment that is welcoming to both male and female guests."

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) operates upscale adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant and bar operations. The company owns and operates or licenses adult nightclubs in New York City, New Orleans, Charlotte, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "XTC" and "Club Onyx." No sexual contact is permitted at any of these locations. Rick's Cabaret also owns the adult Internet membership Web site, couplestouch.com, and a network of online adult auction sites under the flagship URL naughtybids.com. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com.

Forward-looking Statements: This document contains 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 document, including the risks and uncertainties associated with operating and managing an adult business, the business climates in New York City and elsewhere, the success or lack thereof in launching and building the company's businesses in New York City and elsewhere, 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 go to ricks.com.