The company paid a total of $5.5 million for the two parcels, paying $2 million in cash and the remaining $3.5 million financed by the seller through a 10 year note at an interest rate of eight percent.

The first property is at 12325 Calloway Cemetery Road in Fort Worth and includes the building where the company’s Cabaret East adult nightclub is located. The second property is at 2151 Manana Drive in Dallas and is home to a separately owned gentlemen’s club, Jaguar’s Gold Club, which will become a rental tenant of Rick’s Cabaret.

“This is a great investment for us in a vibrant market that has the end result of lowering our monthly cash outlay, since we no longer will be paying rent for Cabaret East and we will be collecting rent on the property currently occupied by Jaguars,” said Eric Langan, President and CEO of Rick’s Cabaret. “The acquisitions expand our holdings in a great region and will give us a very nice return on investment from day one.”

Subsidiaries of Rick’s Cabaret currently own and operate eight properties in the Dallas/Ft. Worth Metroplex. The company has 23 adult nightclubs nationwide.

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, 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 couplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. Rick’s Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com. 

Forward-looking Statements: Certain statements contained in this release regarding Rick's Cabaret future operating results or performance or business plans or prospects and any other statements not constituting historical fact are "forward-looking statements" subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Where possible, the words "believe," "expect," "anticipate," "intent," "would," "will," "planned," "estimated," "potential," "goal," "outlook," and similar expressions, as they relate to the company or its management have been used to identify such forward-looking statements. All forward-looking statements reflect only current beliefs and assumptions with respect to future business plans, prospects, decisions and results, and are based on information currently available to the company. Accordingly, the statements are subject to significant risks, uncertainties and contingencies, which could cause the company‘s actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by, these statements. Such risks, uncertainties and contingencies include, but are not limited to, risks and uncertainties associated with (i) operating and managing an adult business, (ii) the business climates in cities where the company operates, (iii) the success or lack thereof in launching and building the company’s businesses, (iv) the operational and financial results of the company's adult nightclubs, (v) conditions relevant to real estate transactions, (vi) the loss of key personnel, and (vii) laws governing the operation of adult entertainment businesses. Additional factors that could cause the company’s results to differ materially from those described in the forward-looking statements are described in forms filed with the SEC from time to time and available at www.ricksinvestor.com  or on the SEC's internet website at www.sec.gov. Unless required by law, Rick's Cabaret does not undertake any obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact: Allan Priaulx, 212-338-0050, allan@ricks.com

HOUSTON – (December 14, 2011) – Rick’s Cabaret International, Inc. (NASDAQ: RICK), the nation’s leading group of upscale adult nightclubs, today reported its revenue for the year ended Sept. 30, 2011 rose to $83.5 million, a 12.7 percent increase over the $74.0 million in 2010. Net income was $7.8 million, compared with a loss of $8.0 million in the previous year. Fully diluted earnings per share were $.79 vs. a loss of $.82 last year.

“Our strong fiscal 2011 results reflect a return to more normal growth patterns for the company across the board and the fact that we are no longer impacted by the drag from the now discontinued operation in Las Vegas,” said Eric Langan, President and CEO of Rick’s Cabaret, which operates 23 clubs around the country. “We are continuing the momentum we built in fiscal 2011 and we look forward to another strong year in 2012.”

Mr. Langan said the revenue improvement included a 4.9 percent increase in sales at clubs open more than one year, particularly the New York City location, and about $6.1million from new clubs acquired in 2010 and 2011. The results also reflect the closing of the Las Vegas club in April 2011, which was shut after determining it could not be made viable in the foreseeable future.

In a Form 10-K filed with the SEC today, the company also reported results for its fourth quarter ending September 30th, showing revenues of $21.5 million compared with $19.1 million for the same quarter in the prior year; net income of $2.0 million, compared with a loss of $12.5 million in 2010; fully diluted earnings per share of 20 cents, versus a loss of $1.24 last year.

Key factors in the full fiscal year 2011 results include:

• Adjusted EBITDA (earnings before interest expense, income taxes, depreciation, amortization, and impairment charges) was $23.6 million in 2011, compared with $17.9 million last year. The company uses non-GAAP adjusted EBITDA as a core operational performance measurement it feels more accurately reflects the performance of the company in part because it allows companies to express results without the need to adjust for Federal, state and local taxes, which vary considerably by jurisdiction. (See Note below.)
   

• Operating margins (excluding impairment) were 22.5 percent for the year, compared to 20.0 percent in the prior year.
   

• Income from operations for same-location-same-period nightclubs open more than a year increased by 18.3%.
   

• Net cash provided by operating activities increased to $18.9m from $17.3m in the prior year.
   

• Interest expense declined to $3.9 million from $4.0 as the company amortized loan balances. As of September 30, 2011, the balance of long-term debt was $35.6 million compared to $42.7 million a year earlier.
   

• Legal and professional fees declined to $2.3 million from $3.0 million, reflecting a decrease in costs related to litigation for claims under the Fair Labor Standards Act.
   

• No continuing operations assets were impaired in 2011, compared with $3.6 million in impairment charges in 2010.
   

• Revenue improvements were noted in all three of the major revenue categories tracked by the company: alcoholic beverage sales were $32.6 million compared with $28.5 million last year; food and merchandise was $7.4 million compared with $6.3 million; service revenues were $38.2 million compared with $34.2 million.

Note: Adjusted EBITDA is a financial statement measure that was not derived in accordance with GAAP. We use Adjusted EBITDA (earnings before interest expense, income taxes, depreciation, amortization and impairment charges) as a non-GAAP performance measure. In calculating Adjusted EBITDA, we exclude our largest recurring non-cash charge, depreciation, amortization and impairment charges. Adjusted EBITDA provides a core operational performance measurement that compares results without the need to adjust for Federal, state and local taxes which have considerable variation between domestic jurisdictions. Also, we exclude interest cost in our calculation of Adjusted EBITDA. The results are, therefore, without consideration of financing alternatives of capital employed. We use Adjusted EBITDA as one guideline to assess our unleveraged performance return on our investments. Adjusted EBITDA is also the target benchmark for our acquisitions of nightclubs.

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, 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 couplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. Rick’s Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com.

Forward-looking Statements: Certain statements contained in this release regarding Rick's Cabaret future operating results or performance or business plans or prospects and any other statements not constituting historical fact are "forward-looking statements" subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Where possible, the words "believe," "expect," "anticipate," "intent," "would," "will," "planned," "estimated," "potential," "goal," "outlook," and similar expressions, as they relate to the company or its management have been used to identify such forward-looking statements. All forward-looking statements reflect only current beliefs and assumptions with respect to future business plans, prospects, decisions and results, and are based on information currently available to the company. Accordingly, the statements are subject to significant risks, uncertainties and contingencies, which could cause the company‘s actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by, these statements. Such risks, uncertainties and contingencies include, but are not limited to, risks and uncertainties associated with (i) operating and managing an adult business, (ii) the business climates in cities where the company operates, (iii) the success or lack thereof in launching and building the company’s businesses, (iv) the operational and financial results of the company's adult nightclubs, (v) conditions relevant to real estate transactions, (vi) the loss of key personnel, and (vii) laws governing the operation of adult entertainment businesses. Additional factors that could cause the company’s results to differ materially from those described in the forward-looking statements are described in forms filed with the SEC from time to time and available at www.ricksinvestor.com  or on the SEC's internet website at www.sec.gov. Unless required by law, Rick's Cabaret does not undertake any obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact: Allan Priaulx, 212-338-0050, allan@ricks.com

Consolidated Balance Sheets and Statement of Operations Follow

The conference call will allow securities analysts and shareholders the opportunity to hear management discuss results for the company’s fiscal year ended September 30, 2011. The call is being webcast by Vcall and can be accessed at the Rick’s Cabaret investor website, www.ricksinvestor.com  or www.InvestorCalendar.com . The toll free participant dial-in number is 877-407-8033 (International 201-689-8033). The toll free replay numbers are: domestic 877-660-6853, international 201-612-7415. Replay passcodes required for playback are: Account 286 and Conference ID 384615. The replay will be available until Jan. 14, 2012.

The popular Due Diligence Ball gives investors the chance to see the company’s operations first-hand and talk personally with Mr. Langan and other executives. It is held at the company’s New York City nightclub at 50 West 33rd Street between Fifth Avenue and Broadway, across from the Empire State Building. Admission is free to the DDB, which includes passed hors d’oeuvres and drinks at discount prices. To RSVP email ir@ricks.com.

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, 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 couplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. Rick’s Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com.

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 www.ricks.com

Contact: Allan Priaulx, 212-338-0050, allan@ricks.com

The sexy women’s team was formed to give fans an entertaining option during the delay in getting the NBA season underway. The “Rick’s Basketball Association” is comprised of squads from Rick’s Cabaret International, Inc. (NASDAQ:RICK), the publicly traded group of 23 upscale gentlemen’s clubs that are popular with pro athletes and their fans.

The 5’7” Webb overcame multiple challenges to earn a spot with the Hawks and then the Sacramento Kings in the 1980s and 90s, becoming one of the most admired players in the league, famed for his amazing four-foot leaps and dunking ability. Despite his diminutive size, he averaged over 10 points and five assists a game, played in several playoff series and won the slam-dunk championship at the 1986 All-Star game, beating out Dominique Wilkins and Michael Jordan. After retirement as a player, became an executive of the Texas Legends, a NBA Development League team and is a popular motivational speaker.

Rick’s Cabaret introduced Webb to the media at a news conference at the New York City club today, at which he put his team through a practice session in front of the stage where they normally dance. The New York team is expected to play games shortly against the Minneapolis Downtown Cabaret and Tootsie’s Cabaret in Miami.

“These ladies are fabulous and have obvious talents and skills. I can't think of a better way to entertain long-suffering NBA fans,” Webb said.

“He's a hero to people of all sizes and he shows that anyone can accomplish anything,” said Gianna, a point guard on the New York team. “Of course we are happy the NBA is coming back in December--they are some of our best customers. We’ll play ‘til the NBA season starts because our fans and customers want it.”

About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 23 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, 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 couplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. 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.

Media Contact: Lonnie Hanover, 212-242-6090, lh@media928.com

NEW YORK CITY – (Nov. 23, 2011) – A former National Basketball Association superstar has agreed to become the first coach of the newly formed Rick’s Basketball Association, comprised of teams made up of dancers at the Rick’s Cabaret group of gentlemen’s clubs. The new coach will be introduced at a press conference at noon on Tuesday November 29th at Rick’s Cabaret/New York City.

The topless dancers from the Rick’s Cabaret group of gentlemen’s clubs announced recently they had formed their own basketball league to try to take up some of the slack as the National Basketball Association negotiations bogged down. Rick’s Cabaret International, Inc. (NASDAQ:RICK), is the publicly traded group of 23 upscale gentlemen’s clubs that are popular with pro athletes and their fans.

Dancers from Rick’s Cabaret/New York City have already been outfitted with sexy new uniforms, but until this week they were without a coach. Their new mentor is expected to whip them into shape to compete against teams from the company’s other clubs. The first game is expected to be against Rick’s Cabaret/Minneapolis, followed by a match with the girls from Tootsie’s Cabaret in Miami and other Rick’s Cabaret locations around the country. The league schedule will be announced in January.

“People will be amazed when we tell them who our coach is, because he was one of the great players in the NBA” said Gianna, a player for the New York team. “The girls are really excited. We're practically busting out of our tops! We plan to give him a really warm welcome on Tuesday.”

"I hear he's going to have us do a workout on Tuesday in front of the press," said Sky, the point guard for the team. "I can't wait to show off some of my moves!"

About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 23 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, 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 couplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. 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.

Media Contact: Lonnie Hanover, 212-242-6090, lh@media928.com.

Said Eric Langan, President and CEO of Rick’s Cabaret: “We are very enthusiastic about the potential to develop the Silver City location at 7501 North Stemmons Freeway near Love Field, which will become a great entertainment and retail destination. Only 14,000 square feet of the 54,000 square foot building is currently in use and we will develop the rest to include a Tootsie’s style Knockers Sports Bar and an after hours nightclub. The Silver City Cabaret, after we have rebranded it, will become an important part of the terrific complex of clubs we have assembled in the Dallas-Ft. Worth Metroplex.”

The purchase will bring to nine the number of clubs the company owns in the Dallas-Ft. Worth Metroplex and to 24 the number of clubs nationwide.

Subsidiaries of Rick’s Cabaret will pay current owners a total of $12 million for the Silver City property and a separate property just off the busy I-35 corridor that includes a sexually oriented business license, which the company intends to develop in the future. The aggregate payment will be in the form of $1.5 million in cash plus promissory notes in the total aggregate amount of $10.5 million that are payable over 11 years at an adjustable interest rate of 5.5 percent.

Closing on the transaction is subject to due diligence and transfer of appropriate licenses and permits, and other terms and conditions customary for an acquisition of this type. Further details of the proposed transaction are available in the Form 8-K filed with the SEC, which is available at www.ricksinvestor.com.

About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 22 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, 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 couplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. 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.

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. Additional factors that could cause the Company’s results to differ materially from those described in the forward-looking statements are described in forms filed with the SEC from time to time and available at www.ricksinvestor.com  or on the SEC's internet website at www.sec.gov . 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 

MIAMI – (Nov. 15, 2011) – Ronnie “The Limo Driver” Mund, the Howard Stern character who can’t get enough of strip clubs, will be a special guest host November 18th at Tootsie’s Cabaret in Miami. Tootsie’s is a 74,000 square foot, two story venue in Miami Gardens that is part of the Rick’s Cabaret International, Inc. (NASDAQ:RICK) group of clubs.

Ronnie will be in Florida for the NASCAR Ford Championship Weekend races at Homestead-Miami Speedway, including the 2011 Ford 200 and 2011 Ford 300 and 2011 Ford 400 events. Guests with tickets to the events and those with pit crew passes from Homestead-Miami Speedway events will be admitted free. Ronnie will arrive at Tootsie’s about 10 p.m. and will give away a pair of pre-race passes and race tickets to the Sunday event.

The popular Stern character will also pose for photos, sign autographs and, as always, fraternize as many of the 300 Tootsie’s entertainers as he can. The club features all nude entertainment in three distinct venues – the main floor Tootsie’s Cabaret; the upscale Next Level on the second floor; and the popular Knockers Sports Bar, with more than a dozen big-screen television sets showing every available sporting event.

“I always have a great time at Tootsies, and a NASCAR weekend should make it even more amazing,” said Ronnie, who is also looking forward to reuniting with his friend DJ Platypus, one of the Tootsie’s popular DJs.

For more information check out facebook.com/tootsies.cabaret.miami  or twitter.com/tootsiescabaret or get text messages by texting "Join Tootsies" to 78747. Located at 150 NW 183rd St., Miami Gardens, FL 33169, on the corner of Rt. 441 and Miami Gardens Drive’

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, 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 couplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact ir@ricks.com.

Media Contact for this event: Lonnie Hanover, 212-242-6090, lh@media928.com.

Dancers from Rick’s Cabaret/New York City will introduce the new Rick’s Basketball Association (the RBA) and their sexy new uniforms at a press conference on Nov. 1st (at 12 noon, EDT, Rick’s Cabaret, 50 West 33rd St., New York City). The league’s teams are being assembled at the company’s Tootsie’s Cabaret in Miami, Club Onyx in Charlotte, Houston, Dallas and Philadelphia, and Rick’s Cabarets and XTC Cabarets in New York, Houston, Dallas, Minneapolis and Indianapolis.

“We have all been disappointed that the NBA season hasn’t gotten underway yet, and a number of players who stop by the club have told us that they’d pay to see us play in our stripper heels, so we decided to form our own league,” said Gianna, a player for a team made up of dancers from the New York City club. “We plan to play as long as the NBA is locked down. We’ll announce all the details and introduce the Rick’s Cabaret/New York City team at our press conference on Tuesday and I guarantee you it will be hot.”

“In designing our team’s outfit we decided less is more,” said Sky, another member of the New York team.

About Rick’s Cabaret: Rick’s Cabaret International, Inc. (NASDAQ: RICK) is home to 23 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, 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 couplestouch.com as well as a network of online adult auction sites under the flagship URL naughtybids.com. 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.

Media Contacts: Lonnie Hanover, 212-242-6090, lh@media928.com  or Allan Priaulx, allan@ricks.com , 212-338-0050