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Rick's Cabaret International Inc Buys 49% Interest In Dallas Gentlemen's Club "PT's Platinum

Thursday, 3 Oct 2013 12:45pm EDT 

Rick's Cabaret International Inc announced that it's subsidiary purchased 49% of a corporation that operates the Dallas club "PT's Platinum." Total cost of the transaction was $500,000, with $130,000 allocated to the acquisition of 49 percent of the shares of Manana Entertainment, Inc., which operates the club on behalf of VCG Holding Corp., and $370,000 to purchase the building and personal property. Under the agreement Rick's Cabaret president and CEO Eric Langan will become a vice president and board member of Manana Entertainment. 

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