Rick's Cabaret International, Inc. Reports Nightclub Sales for Third Quarter up 92 Percent over Last Year

Business Wire, July 8, 2008

HOUSTON -- Rick's Cabaret International, Inc. (NASDAQ: RICK), premier operator of upscale gentlemen's clubs, said today nightclub sales for its third quarter ended June 30th totaled $15.89 million, a 92.1 percent increase over the previous year.

The company said same club-same period sales for the quarter were $8 million, an 8.43 percent increase over the same period in the previous year.

"We are very pleased with the quarterly nightclub sales results, particularly with the same store comparison gain," said Eric Langan, President and CEO of Rick's Cabaret. The company considers nightclubs it has operated for 12 months or more for comparable sales. The company will report its full results for the third quarter, including its internet and media divisions, in August.

Mr. Langan said the company's New York City club continued its strong year-over-year growth. He noted that the company's new clubs in Dallas and Philadelphia have begun contributing revenues and Tootsie's Cabaret in Miami continued to exceed initial expectations.

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, operates or licenses adult nightclubs in New York City, New Orleans, Charlotte, Dallas, Houston, Philadelphia, 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 visit ricks.com.