To: Wolff who wrote (3657 ) 3/23/2000 9:06:00 AM From: StockDung Respond to of 6847
Rick's Cabaret International Retains Access 1 Financial HOUSTON--(BUSINESS WIRE)--March 9, 2000--Rick's Cabaret International Inc. (Nasdaq:RICK) today announced it has retained Access 1 Financial as investor relations firm to broaden the Company's following with institutional investors and fund managers. Access 1 Financial is an investment research firm specializing in emerging small capitalization companies in the technology sector. For more information on Access 1 Financial visit their Internet site at access1financial.com . Said Eric Langan, president of Rick's, "Retaining additional investor relations consultants is aimed primarily at three objectives: introducing the Company to a much broader spectrum of the investment market interested in the technology sector, maximizing shareholder value, and elevating both interest levels and trading activity in the Company's stock, to increase shareholder liquidity." Rick's Cabaret International Inc. opened its 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 premier adult entertainment Internet web sites that were launched in October 1999 as well as three "Rick's Cabaret" locations, two of which are in Houston and one of which is in Minneapolis. The Company also owns XTC Cabaret in San Antonio and owns XTC Cabaret in Austin, Texas, through its 93% owned subsidiary, Taurus Entertainment Companies Inc. The Company currently owns all the real estate properties where its clubs are located as well as the property where its Internet production studio is located. Other companies in the adult entertainment industry include New Frontier Media Inc. Playboy Enterprises Inc. and Private Media Group. 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. CONTACT: Rick's Cabaret International Inc., Houston Eric Langan, 281/820-1181 eric@ricks.com or The Howell Group, Dallas Larry Howell, 214/368-1592 howgroup@iglobal.net KEYWORD: TEXAS BW0284 MAR 09,2000 11:30 PACIFIC 14:30 EASTERN