RICKS CABARET International INC

2013 Annual Global Investment Conference September 9th15:10 03.09.13


PR Newswire

NEW YORK, Sept. 3, 2013

NEW YORK, Sept. 3, 2013 /PRNewswire/ -- Rick's Cabaret International, Inc. (NasdaqGM: RICK), the publicly traded hospitality company that owns over 40 gentlemen's clubs and restaurant venues nationwide, will present Monday, September 9th at the 2013 Rodman & Renshaw Annual Global Investment Conference at the Millennium Broadway Hotel.  President and CEO Eric Langan will lead the presentation at 4:45pm in Room 5.08, 5th Floor.

(Logo: http://photos.prnewswire.com/prnh/20110418/MM85342LOGO)

Mr. Langan will also meet in one-on-one sessions with investors during the two-day conference. The Rodman & Renshaw gathering is one of a number of investor conferences at which Rick's Cabaret is presenting nationwide this year. Mr. Langan will also be available to meet informally with investors on the evening of Tuesday September 10th during a "due diligence" event from 6pm to 8pm at the company's flagship Rick's Cabaret/NYC at 50 West 33rd Street between Fifth Avenue and Broadway.  Guests will be given a tour of the club and have an opportunity to talk further with Mr. Langan about the company.

Institutional investors, venture capitalists, private equity firms, sophisticated private investors and industry executives are welcome to attend the Rodman & Renshaw conference. Online registration is available at www.rodm.com. To arrange one-on-one meetings contact Lily Khaykina, Rodman & Renshaw's Conference Manager, at 212-356-0529 or via e-mail at LK@rodm.com.

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) is home to restaurants and upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Los Angeles, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities operate as "Rick's Cabaret," "XTC," "Club Onyx," "Vivid Cabaret" and "Tootsie's Cabaret" and other brand names. Sexual contact is not permitted at any locations. Rick's Cabaret also operates a media division, ED Publications. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.

SOURCE Rick's Cabaret International, Inc.


Quelle: PR Newswire  

Ticker Lampe RT:::: 8,479 ? +3,40% +0,279 ? ..buran und trullala  

Targets Webster, TX, to Open Second 'Bombshells' Restaurant & Sports Bar15:10 04.09.13


PR Newswire

HOUSTON, Sept. 4, 2013

HOUSTON, Sept. 4, 2013 /PRNewswire/ -- Rick's Cabaret International, Inc. (NasdaqGM:RICK), the publicly traded hospitality company that owns over 40 gentlemen's clubs and restaurant venues nationwide, said today it will open its second 'Bombshells' restaurant/sports bar.  The company expects to open the new venue in early 2014 in Webster, TX, just south of Houston.

(Logo: http://photos.prnewswire.com/prnh/20110418/MM85342LOGO)

Eric Langan, president and CEO of Rick's Cabaret, said a subsidiary of the company has signed a long-term lease for a restaurant property on East NASA Parkway, a short distance from the Johnson Space Center of Houston.  The new location will feature a first class restaurant/bar and live entertainment on the outdoor patio. The military-themed 'Bombshells' will feature sexy wait staff and great music 11 am to 2 am seven days a week.

"Our initial 'Bombshells' restaurant in Dallas has proven to be a terrific success, attracting a base that ranges from young adults and families who like the ambiance, the energy and the great hospitality, as well as sports fans who love to watch their favorite teams on over 70 large TVs," Mr. Langan said. "In addition to the Webster location, we are considering other potential sites and will announce them as they materialize."

For more information on the current Dallas location visit www.bombshellsdallas.com or follow on Facebook at www.facebook.com/bombshellsrestaurant.

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) is home to upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities are named "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret" and other brand names. Sexual contact is not permitted at any locations. Rick's Cabaret also operates a media division, ED Publications. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.

Forward-looking Statements: This press release may contain 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 press release, 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 www.ricksinvestor.com.

SOURCE Rick's Cabaret International, Inc.


Quelle: PR Newswire  

::::::: 9,037 ? +5,42% +0,465 ? ,GrB  

is home to upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities are named "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret" and other brand names. Sexual contact is not permitted at any locations. Rick's Cabaret also operates a media division, ED Publications. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.
 

8-K 1 v354340_8k.htm FORM 8-K


--------------------------------------------------

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Securities and Exchange Commission

Washington, D.C. 20549



FORM 8-K



Current Report

Pursuant To Section 13 or 15(d) Of

The Securities Exchange Act of 1934



Date of Report:  August 28, 2013



RICK'S CABARET INTERNATIONAL, INC.

(Exact Name of Registrant As Specified in Its Charter)



Texas   001-13992   76-0037324
(State Or Other Jurisdiction of Incorporation)   (Commission File Number)    (IRS Employer Identification No.)

 

10959 Cutten Road

Houston, Texas 77066

(Address of Principal Executive Offices, Including Zip Code)



(281) 397-6730

(Issuer’s Telephone Number, Including Area Code)




--------------------------------------------------

--------------------------------------------------




 

 




ITEM 3.02 Unregistered Sale of Equity Securities.



On August 28, 2013, we sold to an investor (i) a 10% Convertible Debenture with a principal amount of $2,500,000 (the “Debenture”), under the terms and conditions set forth in the Debenture, and (ii) a warrant to purchase a total of 48,780 shares of our common stock (the “Warrant”), under the terms and conditions set forth in the Warrant. The Debenture has a term of three years, is convertible into shares of our common stock at a conversion price of $10.25 per share (subject to adjustment), and has an annual interest rate of 10%, with one initial payment of interest only due February 28, 2014, and thereafter, the principal amount is payable in 10 equal quarterly principal payments of $250,000 plus accrued and unpaid interest. Six months after the issue date of the Debenture, we have the right to redeem the Debenture if our common stock has a closing price of $13.33 (subject to adjustment) for 20 consecutive trading days. The Warrant has an exercise price of $10.25 per share (subject to adjustment) and expires on August 28, 2016. In the event there is an effective registration statement registering the shares of common stock underlying the Warrant, we have the right to require exercise of the Warrant if our common stock has a closing price of $13.33 (subject to adjustment) for 20 consecutive trading days. We sold the Debenture and Warrant to the investor in a private transaction and received consideration of $2,500,000. An adviser to us received compensation in the amount of $150,000 in connection with advising us regarding the sale of the Debenture and Warrant.



The securities sold qualified for exemption from registration under Section 4(2) of the Securities Act of 1933 and the rules and regulations promulgated thereunder. The sale of securities did not involve a “public offering” based upon the following factors: (i) the sale of the securities was an isolated private transaction; (ii) a limited number of securities were issued to a single offeree; (iii) there was no public solicitation; (iv) the offeree was an “accredited investor”; (v) the investment intent of the offeree; and (vi) the restriction on transferability of the securities issued.





SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.



 RICK'S CABARET INTERNATIONAL, INC.
     
Date:  September 4, 2013 By: /s/  Eric Langan
   Eric Langan
   President and Chief Executive Officer




 
http://www.sec.gov/Archives/edgar/data/935419/...49211/v354340_8k.htm  

targets Webster, TX to open second ‘Bombshells’ Restaurant & Sports Bar
HOUSTON – (September 4, 2013) – Rick’s Cabaret International, Inc. (NasdaqGM:RICK), the publicly traded hospitality company that owns over 40 gentlemen’s clubs and restaurant venues nationwide, said today it will open its second ‘Bombshells’ restaurant/sports bar.  The company expects to open the new venue in early 2014 in Webster, TX, just south of Houston.

Eric Langan, president and CEO of Rick’s Cabaret, said a subsidiary of the company has signed a long-term lease for a restaurant property on East NASA Parkway, a short distance from the Johnson Space Center of Houston.  The new location will feature a first class restaurant/bar and live entertainment on the outdoor patio. The military- themed ‘Bombshells’ will feature sexy wait staff and great music 11 am to 2 am seven days a week.

“Our initial ‘Bombshells’ restaurant in Dallas has proven to be a terrific success, attracting a base that ranges from young adults and families who like the ambiance, the energy and the great hospitality, as well as sports fans who love to watch their favorite teams on over 70 large TVs,” Mr. Langan said. “In addition to the Webster location, we are considering other potential sites and will announce them as they materialize.”

For more information on the current Dallas location visit http://www.bombshellsdallas.com/ or follow on Facebook at www.facebook.com/bombshellsrestaurant.

About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities are named "Rick's Cabaret," "XTC," “Club Onyx” and “Tootsie’s Cabaret” and other brand names. Sexual contact is not permitted at any locations. Rick’s Cabaret also operates a media division, ED Publications. Rick’s Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Facebook: http://www.facebook.com/rickscabaretintl.

Forward-looking Statements: This press release may contain 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 press release, 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 www.ricksinvestor.com.

Contact:  Allan Priaulx, 212-338-0050, allan@ricks.com    
http://www.ricksinvestor.com./384/pressrelease.aspx  

Rick’s Cabaret pioneered in the creation of elegant gentlemen’s clubs featuring beautiful topless entertainers and high quality restaurant service. Rick’s Cabaret went public through an IPO in 1995 and is listed on The NASDAQ Global Market under the symbol RICK. Options in RICK are traded on the Chicago Board of Options Exchange (CBOE). There are currently 23 nightclubs nationwide in the Rick’s Cabaret group.

Investors are attracted by strong cash flow, consistent profitability, effective internal financial controls developed by management, local laws that create high barriers to entry by potential competitors, and execution of a roll-up strategy in the consolidating gentlemen’s club industry. In recent years the Company has acquired nightclubs in major markets, including New York City, Miami, Philadelphia, Dallas-Ft. Worth and Las Vegas.

The Company has built powerful brand name awareness for its upscale environment and enjoyable adult entertainment. Anna Nicole Smith met her oil billionaire husband while dancing at Rick’s Cabaret and many of our performers have become Penthouse Pets and Playboy Playmates.

President & CEO Eric Langan joined Rick’s Cabaret in 1998 and has led the Company since 1999, steadily expanding operations and growing revenues and profit. Mr. Langan has positioned the Company at the top of the gentlemen’s club sector by creating strong financial controls for a business model that offers a pleasurable ambiance and a conscientious approach to customer service patterned after the “concierge model” of the top Las Vegas casinos.

Forbes lists Rick’s Cabaret as one of America's 200 Best Small Companies. Rick’s Cabaret has been profiled in The Wall Street Journal, Fortune, MarketWatch, Corporate Board Member, Smart Money, USA Today, The New York Daily News and other publications. Rick’s Cabaret was named “best strip club in NYC” by Playboy.com and our New York City Steakhouse is listed in Zagat’s New York Nightlife and was included in the TONY 100 list of fine Manhattan dining establishments by Time Out New York
http://www.ricksinvestor.com./companyprofile.aspx  

operates upscale gentlemen's clubs and restaurants. Subsidiary activities include websites and a media division.Industry:     Leisure/Restaurants
Employees '09/30/2010:1,200
Independent Contractors:3,200
FY'11 Revenue$83.5 mm
FY'11 Cash Flow$8.9 mm
FY'11 Net Income$7.8 mm
Shares Outstanding:9.9 mm
Website:www.ricksinvestor.com
http://www.ricksinvestor.com./companyprofile.aspx  

Rick's Cabaret International I (NSDQ:RICK)
Last Sale: 12.28
Change: +0.82 (+7.16%)
Volume: 0
Prev. Close: 11.46
Open: 11.6
High: 12.32
Low: 11.50
Bid/Ask: 12.28 / 12.30
52 Week Range: 7.63 - 12.32
Market Cap: 116.71M
Shares Outstanding: 9.50M
EPS: 0.96
P/E Ratio: 12.79
Dividend: 0
Yield: -
Quotes delayed at least 20 mins.

http://www.ricksinvestor.com./stock.aspx

buran und MfG  

Not Liable On Employment Status Of Entertainers At Its New York City Club; Will Appeal Ruling Against Subsidiary22:10 10.09.13


PR Newswire

NEW YORK, Sept. 10, 2013

NEW YORK, Sept. 10, 2013 /PRNewswire/ -- Rick's Cabaret International, Inc. (NasdaqGM:RICK), the publicly traded hospitality company whose subsidiaries own more than 40 gentlemen's clubs and restaurant venues nationwide, said today it was pleased a federal judge did not find the parent company liable in a ruling that maintains entertainers who filed a class action suit should be treated as employees.

(Logo: http://photos.prnewswire.com/prnh/20110418/MM85342LOGO)

The ruling was handed down today by federal judge Paul A. Engelmayer of the Southern District of New York and addressed a lawsuit brought by several former dancers at the club against Peregrine Enterprises, the subsidiary that operates the New York City club, and the Houston-based parent company. The ruling denied the dancers' attempt to hold the parent company liable.

Eric Langan, president and CEO of Rick's Cabaret International, Inc. said:  "In practice, this ruling has no impact on the operations of Rick's Cabaret/NYC since we changed our independent contractor practices some time ago and the court denied the plaintiffs' attempts to hold the parent company liable.  Nonetheless, we are disappointed with the ruling and intend to appeal. It is hard to imagine how these entertainers should be paid at the minimum wage, which would amount to a fraction of the $1,000 or more that some of them acknowledged they earned in a single night.  Additionally, the court did not rule on the issue of whether the substantial amounts entertainers earned are wages under New York State Labor Law."

The attorney representing Rick's Cabaret International and Peregrine, Jeffrey A. Kimmel of the firm of Meister Seelig & Fein LLP, said: "We disagree with the decision and intend to appeal.   Additionally there are significant remaining issues that were not addressed on these motions, including whether the substantial amounts earned by the plaintiffs can be deemed wages under New York State Law and therefore be applied against any claimed minimum wage obligations.  Based on recent developments in the law we also intend to move the court to decertify the class and we are optimistic that the class will be decertified."

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) is home to upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities are named "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret" and other brand names. Sexual contact is not permitted at any locations. Rick's Cabaret also operates a media division, ED Publications. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.

Forward-looking Statements: This press release may contain 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 press release, 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 www.ricksinvestor.com.

SOURCE Rick's Cabaret International, Inc.


Quelle: PR Newswire  

Datum Erster Hoch Tief Schluss     Stücke Volumen
10.09.13 12,28 12,49 12,021  12,19 $ 300.837 3,61 M

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http://www.ariva.de/news/...Stars-To-Make-Special-Appearances-4776146 GrB  

Datum Erster Hoch Tief Schluss     Stücke Volumen
16.09.13 11,82 11,98 11,57  11,75 $ 183.748 2,14 M

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Today In Beaumont10:30 19.09.13


PR Newswire

BEAUMONT, Texas, Sept. 19, 2013

BEAUMONT, Texas, Sept. 19, 2013 /PRNewswire/ -- Hot new gentlemen's club Temptations/Beaumont opens today.  The club at 5900 College Street just north of Interstate 10 features beautiful entertainers, a party atmosphere, full service bar and stylish decor with unequalled hospitality.

(Logo: http://photos.prnewswire.com/prnh/20110418/MM85342LOGO)

"The new club gives us a great presence in the major Golden Triangle industrial area of the Texas Gulf Coast and we expect that it will become an important destination for residents and visitors who know they'll always have a great time at a Rick's Cabaret establishment," said the company's regional manager Joshua Brooks.

The doors open for the first time at 4 p.m. today and a Grand Opening party is planned for a date in October to be announced soon.

Temptations/Beaumont is the newest member of the Rick's Cabaret International, Inc. (NasdaqGM:RICK) group of  restaurants and gentlemen's clubs, and is part of the company's rapidly expanding network of clubs from New York to Los Angeles.  Units of the company now operate 41 restaurants and gentlemen's clubs across the country and have others in the construction and planning stages.

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) is a hospitality company that is home to restaurants and upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities are named "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret." The company's restaurant division operates "Bombshells" and "Ricky Bobby Sports Saloon."  Sexual contact is not permitted at any locations. Rick's Cabaret also operates a media division, ED Publications. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.

SOURCE Rick's Cabaret International, Inc.


Quelle: PR Newswire  

Zeit  Kurs  Stück  
15:39:43 9,027 ?  0  
11:56:16 9,36 ?  50  
11:46:56 9,367 ?  1.800  
10:14:31 9,359 ?  30  
09:20:42 9,353 ?  600  
08:01:49 9,362 ?  600
__________________
Herzlichen Glückwunsch  

SK 12,34 $ SKP -0,48 EK 12,40 $ last 438 full 96.517 peak 12,60

..............JESUS loves YOU

buran,Der Börsen Paster  

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10:48:37 8,948 ?  50  
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_________________
GRATULATION  

Datum Erster Hoch Tief Schluss     Stücke Volumen
10.10.13 11,43 12,03 11,43  11,915 $ 138.059 1,62 M

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Eighth Anniversary With Gala Parties October 15th-19th10:15 14.10.13


PR Newswire

NEW YORK, Oct. 14, 2013

NEW YORK, Oct. 14, 2013 /PRNewswire/ -- Rick's Cabaret & Steakhouse/New York celebrates its eighth anniversary this week. The event at the top gentlemen's club in Manhattan will be marked with five days of non-stop parties from 11 am to 4 am beginning Tuesday, October 15th through Saturday, October 19th, with discounted drinks, giveaways and special dances by the club's bevy of beautiful entertainers.

(Logo: http://photos.prnewswire.com/prnh/20110418/MM85342LOGO)

The Howard Stern Show personality "Ronnie the Limo Driver," a frequent Rick's Cabaret & Steakhouse/New York visitor, will host the party and greet guests Wednesday, October 16th.

"We always make a big deal of our anniversary because it is truly something to celebrate," says Shaun Kevlin, general manager of the club at 50 West 33rd Street between Fifth Avenue and Broadway, across from the Empire State Building and down the street from Madison Square Garden.  The upscale club is a subsidiary of Rick's Cabaret International, Inc., (NasdaqGM:RICK), the publicly traded hospitality company that operates restaurants and gentlemen's clubs nationwide.

More than 200 entertainers will be on hand for the parties, at which guests can enjoy a $10 three-course gourmet lunch, the opportunity to visit the club's third floor VIP champagne rooms, or just enjoy the show in the first floor cabaret.

Rick's Cabaret & Steakhouse/New York opened in the fall of 2005 and quickly established a reputation as the top club in the city for businessmen, professionals, athletes and couples, with a red carpet entry hall, plush seating, Zagat-rated  steakhouse restaurant (now with a new dinner menu by Chef Jose Joey Lopez), roof top smoking deck and gorgeous entertainers.  Playboy.com calls it the "#1 strip club in New York City" and it is frequently mentioned in newspapers and on radio and television programs.

The club maintains an active social media presence on Facebook at https://www.facebook.com/rickscabaretnyc and on Twitter at https://twitter.com/RicksCabaretNYC.

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) is home to upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities are named "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret" and other brand names. Sexual contact is not permitted at any locations. Subsidiaries of Rick's Cabaret also include a media division, ED Publications. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.



SOURCE Rick's Cabaret


Quelle: PR Newswire  

RTK 11,33  $ RTP +0,44 EK 11,28 $ last shares 150 full RT 47.943 peak 11,50

..es ist ein Zentrum im Hirn das Reize von der Umwelt wahrnimmt die als Belohnung empfunden wird ..kurz:: das Belohungszentrum ..quasi:: wie ein Hund der einen Knochen sieht und darauf anfängt zu sabbern

buran,Der Börsen Sabber Glücks Belohnugs HÖLLENHUND  

Rick's Cabaret International, Inc. Subsidiary Closes On Transaction For Air Rights Above Its Midtown Manhattan Gentlemen's Club; Gets Five-year Option To Purchase Property14:05 28.10.13


PR Newswire

NEW YORK, Oct. 28, 2013

NEW YORK, Oct. 28, 2013 /PRNewswire/ -- A subsidiary of Rick's Cabaret International, Inc. (Nasdaq:RICK), the publicly traded hospitality company that operates restaurants and gentlemen's clubs nationwide, has closed a transaction involving the air rights above the upscale Rick's Cabaret/New York club at 50 West 33rd Street. The subsidiary entered into a contract to buy the land and building for $10 million at any time in the next five years and, simultaneously, the residential air rights for the property were sold to a third party.

(Logo: http://photos.prnewswire.com/prnh/20110418/MM85342LOGO)

The transactions are part of a previously announced transaction under which the company agreed to purchase the land and building for $23 million.

The new agreement also amends the lease for the three-story building at 50 West 33rd Street to $100,000 per month for the next five years rather than the $180,000 per month called for in the original agreement.  

"The terms of the new agreement are more favorable to us than our original agreement, giving us more flexibility but also assuring us that we retain control over the property, which is a vital concern for any gentlemen's club," said Eric Langan, president and CEO of Rick's Cabaret International, Inc.

Rick's Cabaret/New York is located in the heart of midtown Manhattan, across the street from the Empire State Building and just a block from the completely transformed Madison Square Garden and busy Penn Station. The club's main cabaret is on the first floor, its upscale steakhouse restaurant and balcony seating are on the second floor, and the VIP area with plush champagne suites are on the third floor, topped off by a smoking deck on the roof.

The real estate transaction is the latest in a series of recent announcements by Rick's Cabaret International. Earlier this month the company announced that a subsidiary has purchased property in Beaumont, Texas, near I-10 where it will open a restaurant and sports bar in the near future. It also announced that another subsidiary purchased 49 percent of a corporation that operates the Dallas gentlemen's club PT's Platinum. Previously the company opened a new gentlemen's club, Temptations Beaumont in Beaumont; launched Vivid Cabaret/LA in Los Angeles; opened the Nascar-themed Ricky Bobby Sports Saloon restaurant/nightclub in Ft. Worth, which has become an instant hit; and announced plans to open Vivid Cabaret/NYC in December.

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK) is home to upscale adult nightclubs serving primarily businessmen and professionals that offer live entertainment, dining and bar operations. Nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities are named "Rick's Cabaret," "XTC," "Club Onyx" and "Tootsie's Cabaret" and other brand names. Sexual contact is not permitted at any locations. Subsidiaries of Rick's Cabaret also include a media division, ED Publications. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com or visit www.ricksinvestor.com. Twitter: @rickscabaret; Facebook: http://www.facebook.com/rickscabaretintl.

Forward-looking Statements: This press release may contain 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 press release, 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 www.ricksinvestor.com.

SOURCE Rick's Cabaret International, Inc.


Quelle: PR Newswire  

Datum Erster Hoch Tief Schluss     Stücke Volumen
01.11.13 11,25 11,44 11,12  11,26 $ 36.355 410 T

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