Profile: Rick's Cabaret International Inc (RICK.OQ)

RICK.OQ on NASDAQ Stock Exchange Global Market

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Rick's Cabaret International, Inc. (Rick's), incorporated in 1994, through its subsidiaries, owns and/or operates a total of 21 adult nightclubs that offer live adult entertainment, restaurant and bar operations. Seven of its clubs operate under the name Rick's Cabaret; four operate under the name Club Onyx, upscale venues that welcome all customers but cater especially to urban professionals, businessmen and professional athletes; six operate under the name XTC Cabaret; one club operates as Tootsie’s Cabaret, one operates as Cabaret North and one operates as Jaguars, and one operates as Cabaret East. Rick's nightclubs are in Houston, Austin, San Antonio, Dallas and Fort Worth, Texas; Charlotte, North Carolina; Minneapolis, Minnesota; New York, New York; Miami Gardens, Florida; Philadelphia, Pennsylvania and Las Vegas, Nevada. It also owns a media division, including the trade magazine serving the multi-billion dollar adult nightclubs industry. Included in the media division are two industry trade shows, two other industry trade publications and more than 25 industry Websites. In January 2012, the Company acquired Silver City Cabaret. Effective March 5, 2013, it acquired adult business. In October 2013, Rick's Cabaret International Inc acquired 49% stake in Manana Entertainment Inc.

On December 18, 2009, Rick's wholly owned subsidiary, RCI Entertainment (3105 I-35), Inc. (RCI), entered into and closed a Stock Purchase Agreement (the RCI Purchase Agreement) with Spiridon Karamalegos (Karamalegos), the Joy Club of Austin, Inc. (JOY) and North IH-35 Investments, Inc. (NIII), whereby RCI acquired 51% of JOY and 49% of NIII. JOY is the owner and operator of the adult nightclub business known as Joy of Austin, which leases and occupies the real property and improvements located at 3105 South IH-35, Round Rock, Texas 78664 (the Property). NIII is the owner of the Property and leases the Property to JOY. Pursuant to the RCI Purchase Agreement and the Assignment Agreement, RCI acquired and owns 100% of JOY and 100% of NIII.

On June 1, 2010, Rick's wholly owned subsidiary RCI Entertainment (3315 North Freeway FW), Inc. (the Purchaser) completed the acquisition of certain assets (the Purchased Assets) of Restaurant Associates, Inc. On July 16, 2010, Rick's wholly owned subsidiary RCI Entertainment (Fort Worth), Inc. (the Purchaser) completed the acquisition of certain assets (the Purchased Assets) of Golden Productions JGC Fort Worth, LLC (Golden Productions) and VCG Holding Corp. (VCGH) pursuant to an Asset Purchase Agreement (the Purchase Agreement) between Purchaser, Golden Productions and VCGH.

The Company also owns and operates premiere adult entertainment Internet Websites. Its online entertainment sites are, CouplesTouch.com, NaughtyBids.com and xxxpassword.com. CouplesTouch.com is a personals site for those in the swinging lifestyle. Naughtybids.com is its online adult auction site. It contains consumer-initiated auctions for items, such as adult videos, apparel, photo sets, adult paraphernalia and other erotica. There are approximately 10,000 active auctions at this site at any given time. It charges the seller a fee for each successful auction. The Company operates clubs under the name Rick's Cabaret in Houston, San Antonio and Fort Worth, Texas; Minneapolis, Minnesota; New York, New York; Las Vegas, Nevada and Austin, Texas. It also operates a similar nightclub under the name Tootsie’s Cabaret in Miami Gardens, Florida. Rick's also operates a total of four nightclubs (one in Houston, one in Dallas, one in Charlotte, North Carolina and one in Philadelphia, Pennsylvania), as Club Onyx, upscale venues that welcome all customers but cater especially to urban professionals, businessmen and professional athletes. Additionally, Rick's owns six nightclubs that operate as XTC Cabaret in San Antonio, Austin, Dallas, Fort Worth and two in Houston, Texas, one that operates as Cabaret East and one that operates as Cabaret North in Fort Worth. It also owns one club that operates as Jaguars in Austin.

Internet Adult Entertainment Websites

The Company’s xxxPassword.com Website features adult content licensed through Voice Media, Inc. The Company organized RCI Dating Services, Inc., which operates as an addition to its Internet operations, to acquire CouplesClick.net from ClickMatch, LLC. Rick's transferred its ownership in CouplesTouch.com to RCI Dating and, as a result of the transaction, it obtained an 85% interest in RCI Dating, with the remaining 15% owned by ClickMatch. Its Internet traffic is generated through the purchase of traffic from third-party adult sites or Internet domain owners and the purchase of banner advertisements or key word searches from Internet search engines.

Internet Adult Auction Websites

The Company’s adult auction site features erotica and other adult materials that are purchased in a bid-ask method. The Company has combined its six individual auctions sites into one main site, NaughtyBids.com. The site contains new and used adult oriented consumer initiated auctions for items, such as adult videos, apparel, photo sets and adult paraphernalia. NaughtyBids.com has approximately 10,000 items for sale at any given time. NaughtyBids.com offers third party Webmasters an opportunity to create residual income from Web surfers through the NaughtyBids Affiliate Program, which pays third party Webmasters a percentage of every closing auction sale in which the buyer originally came from the affiliate Webmaster's site. There are numerous auction sites on the Internet that offer adult products and erotica.

Media Group

Rick's Media Group is a trade magazine serving the adult nightclubs industry. It also owns two industry trade shows, two other industry trade publications and more than 25 industry Websites. Exotic Dancer is a national business magazine serving the 3,800 adult nightclubs in North America. ED Publications publishes the Annual VIP Guide of adult nightclubs, touring entertainers and industry vendors, and Club Bulletin, a bimonthly news magazine for the owners and operators of adult nightclubs. ED Publications also produces the annual Gentlemen's Club Owners Expo, a national convention for the adult nightclub and feature entertainment industries, and offers the exclusive ED VIP Club Card honored at more than 850 adult nightclubs.

Company Address

Rick's Cabaret International Inc

10959 Cutten Road
HOUSTON   TX   77066
P: +1281.3976730

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