HOUSTON - (January 19, 2012) - The Texas Alcoholic Beverage
Commission (TABC) has issued a license to sell liquor at
the . The club (at 15000 Airport Freeway, Fort Worth) had
been operating as a BYOB establishment for nearly a year
pending resolution of a complaint by corporate neighbors,
politicians and airport officials.
"We are delighted that we will now be able to offer our
customers the full array of Rick's Cabaret entertainment,
beverage service and hospitality," said Eric Langan,
President and CEO of (NASDAQ:RICK), the publicly traded
company that launched the club located at the southern exit
of the world's seventh busiest airport. "We were always
confident we met every legal qualification to provide
liquor service to our customers and believed that the
attempts to block us were politically motivated."
Mr. Langan said the company had hoped to operate as a
full-service club a year ago, but the conflict over the
liquor license delayed that plan. The official opening as a
full-service cabaret is now scheduled for February 9th,
with grand opening parties planned for March.
The DFW airport location is one of nine adult clubs
currently operated by Rick's Cabaret in the Dallas/Fort
Worth Metroplex, including the newest location, Silver City
Cabaret; in Fort Worth; in Dallas catering to
African-American gentlemen; plus in Dallas and in Fort
Worth, and in Fort Worth.
About Rick's Cabaret: Rick's Cabaret International, Inc.
(NASDAQ: RICK) is home to 24 upscale adult nightclubs
serving primarily businessmen and professionals that offer
live entertainment, dining and bar operations. Nightclubs
in New York City, Miami, Philadelphia, New Orleans,
Charlotte, Dallas, Houston, Minneapolis and other cities
operate under the names "Rick's Cabaret,"
"XTC," "Club Onyx" and "Tootsie's Cabaret".
Sexual contact is not permitted at these locations. Rick's
Cabaret also operates a media division, ED Publications,
and owns the adult Internet membership Website as
well as a network of online adult auction sites under the
flagship URL . Rick's Cabaret common stock is traded
on NASDAQ under the symbol RICK. For further information
contact ir@ricks.com.
www.
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 cities where it operates, the success or lack
thereof in launching and building the company's businesses,
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 .
Contact: Allan Priaulx, 212-338-0050, allan@ricks.com
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