Good news out on RICK-
(BSNS WIRE) Rick's Cabaret Registers Dancerdorm.com
Rick's Cabaret Registers Dancerdorm.com
Business & Entertainment Editors/Internet Writers
HOUSTON--(BUSINESS WIRE)--June 2, 1999--Rick's Cabaret
International Inc. (Nasdaq:RICK), the Houston-based adult
entertainment chain announced that it has registered the domain name
"dancerdorm.com". "We intend to use this site to create a monthly
membership area where users can watch the life of a dancer at home,"
announced Eric Langan, president and chief executive officer of Rick's
Cabaret.
"We believe that the fascination of watching people's lives 24
hours a day over the Internet combined with the ability to meet in
real life at Rick's Cabaret will take Internet voyeurism to the next
level," said Mr. Langan.
The Company is currently researching the legality of converting a
Company owned property into a fully wired Internet broadcasting "dorm"
where the dancers will live when not working at Rick's. Under current
plans the Company intends to have the site up and running by the end
of September 1999.
The Company is continuously seeking acquisition candidates in the
adult nightclub business as well as Adult Internet websites that have
current net profits in order to continue it's growth plans.
Rick's Cabaret International Inc. opened it's first Rick's
Cabaret in Houston in 1983, and went public with its IPO in 1995,
making it the world's first publicly traded topless entertainment
business. The Company currently operates under the name "Rick's" in
three locations nationwide, and its 93%-owned subsidiary, Taurus
Entertainment Companies, Inc. (OTC BB:TAUR) operates a cabaret in
Austin, Texas, under the name XTC Cabaret. With the planned opening of
a fifth location in June 1999 in San Antonio, Texas that will also
operate under the name XTC Cabaret.
Please visit the Company's web site at
rickscabaret.com.
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Important factors that
could cause actual results to differ materially from those indicated
include risks and uncertainties related to laws governing the
operation of adult entertainment establishments, the timing of the
opening of other clubs, the availability of acceptable financing to
fund corporate expansion efforts, competitive factors, dependence on
key personnel, and the Company's ability to manage operations. The
Company has no obligations to update or revise the forward-looking
statements to reflect the occurrence of future events or
circumstances.
--30--AR/na*
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