BNET Industries

Market Cap:$68.9M
Last Fiscal Year Sales:$32.0M
  • Public
  • US
Dow Jones Description

Rick?s Cabaret International Inc. (NASDAQ: RICK) operates upscale adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant and bar operations. The company owns and operates or licenses adult nightclubs in New York City, New Orleans, Charlotte, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "XTC" and "Club Onyx."

President & CEO
Eric Langan
Number of Employees 696
Contact Information

10959 Cutten Road

Houston, Texas 77066

www.rickscabare...

281-397-6730

NAICS Code Drinking Places (Alcoholic Beverages): 722410

Recent Events

  • Rick's relaunching Austin gentleman's club

    1/14/10 - Financial Announcement - View Story

  • Rick's buys Austin club for $5.2M

    12/21/09 - Financial Announcement - View Story

  • Rick’s Cabaret to build nightclub near Dallas airport

    12/04/09 - Planned Site Openings - View Story

  • Ricks Cabaret International, Inc. Reports 13 Percent Rise in Same Club Sales for October

    11/10/09 - Financial Announcement - View Story

  • Ricks Cabaret International, Inc. Reports 3.74 Percent Rise in Sales for September

    10/08/09 - Financial Announcement - View Story

  • Rick's Cabaret International, Inc. Reports Record Third Quarter Revenues Exceeding $20 Million,...

    8/12/09 - Financial Announcement - View Story

  • Rick's Cabaret International, Inc. Nightclub Sales Rise 30.27 Percent in Quarter Ended June...

    7/07/09 - Financial Announcement - View Story

  • Ricks Cabaret International, Inc. Reports Second Quarter Revenue of $18.36 Million and Income from Continuing...

    5/12/09 - Financial Announcement - View Story

  • Rick's Cabaret International, Inc. Revenues Climb 18.23 Percent in Second Quarter Ending March 31, 2009

    4/12/09 - Financial Announcement - View Story

  • Ricks Cabaret International, Inc. Reports First Quarter Revenues of $17.3 Million with Net of $790,832

    2/17/09 - Financial Announcement - View Story

  • Rick's Cabaret RICK Reports Q1 Revenues - Below Consensus; CEO Sees Q1 EPS Miss

    1/12/09 - Financial Announcement - View Story

  • Ricks Cabaret International Net Income Rises to $7.66 Million vs $3.05 Million; Revenues up 87...

    12/29/08 - Financial Announcement - View Story

  • Rick's Cabaret and eHealth Bucking the Trend

    11/17/08 - Lawsuit Filed - View Story

  • Rick's Cabaret International, Inc. Reports Record Revenues in Its Fourth Quarter Driven by New Acquisitions...

    10/09/08 - Financial Announcement - View Story

  • Rick's Cabaret International Board Increases Stock Buyback Authorization to $5 Million

    9/29/08 - Product Announcement - View Story

  • Rick's Cabaret International, Inc. Completes Purchase of Scores-Las Vegas Nightclub, with Renegotiated Terms

    9/05/08 - Merger / Acquisition - View Story

Decision Makers

Name (plus bio) Position
Eric Langan President & CEO
Travis Reese Vice President & Director of Technology
Robert Watters Founder
Allan Bergstrom Director
Steven Steven Jenkins Director

Eric S. Langan has been a Director since 1998 and the President/Chief Executive Officer of the Company since March 1999. He has been involved in the adult entertainment business since 1989. From January 1997 through the present, he has held the position of President of XTC Cabaret, Inc. From November 1992 until January 1997, Mr. Langan was the President of Bathing Beauties, Inc. Since 1989, Mr. Langan has exercised managerial control over more than a dozen adult entertainment businesses. Through these activities, Mr. Langan has acquired the knowledge and skills necessary to successfully operate adult entertainment businesses.

Organization Position Status
Rick's Cabaret International Inc. President & CEO Current

Travis Reese became our Director and V.P.-Director of Technology in 1999. From 1997 through 1999, Mr. Reese had been a senior network administrator at St. Vincent's Hospital in Santa Fe, New Mexico. During 1997, Mr. Reese was a computer systems engineer with Deloitte & Touche. From 1995 until 1997, Mr. Reese was Vice President with Digital Publishing Resources, Inc., an Internet service provider. From 1994 until 1995, Mr. Reese was a pilot with Continental Airlines. From 1992 until 1994, Mr. Reese was a pilot with Hang On, Inc., an airline company. Mr. Reese has an Associate's Degree in Aeronautical Science from Texas State Technical College.

Organization Position Status
Rick's Cabaret International Inc. Vice President & Director of Technology Current

Robert L. Watters is our founder and has been our Director since 1986. Mr. Watters was our President and our Chief Executive Officer from 1991 until March 1999. Since 1999, Mr. Watters has owned and operated Rick's Cabaret, an adult entertainment club in New Orleans, Louisiana, which licenses our name. He was also a founder in 1989 and operator until 1993 of the Colorado Bar & Grill, an adult club located in Houston, Texas and in 1988 performed site selection, negotiated the property purchase and oversaw the design and permitting for the club that became the Cabaret Royale, in Dallas, Texas. Mr. Watters practiced law as a solicitor in London, England and is qualified to practice law in New York. Mr. Watters worked in the international tax group of the accounting firm of Touche, Ross & Co. (now succeeded by Deloitte & Touche) from 1979 to 1983 and was engaged in the private practice of law in Houston, Texas from 1983 to 1986, when he became involved in our full-time management. Mr. Watters graduated from the London School of Economics and Political Science, University of London, in 1973 with a Bachelor of Laws (Honours) degree and in 1975 with a Master of Laws degree from Osgoode Hall Law School, York University.

Organization Position Status
Rick's Cabaret International Inc. Founder Current

Alan Bergstrom became our Director in 1999. Since 1997, Mr. Bergstrom has been the Chief Operating Officer of Eagle Securities, which is an investment consulting firm. Mr. Bergstrom is also a registered stockbroker with Rhodes Securities, Inc. From 1991 until 1997, Mr. Bergstrom was a Vice President--Investments with Principal Financial Securities, Inc. Mr. Bergstrom holds a B.B.A. Degree in Finance, 1967, from the University of Texas.

Organization Position Status
Rick's Cabaret International Inc. Director Current

Steven L. Jenkins has been a Director since June 2001. Since 1988, Mr. Jenkins has been a certified public accountant with Pringle Jenkins & Associates, P.C., located in Houston, Texas. Mr. Jenkins is the President and owner of Pringle Jenkins & Associates, P.C. Mr. Jenkins has a BBA Degree (1979) from Texas A&M University. Mr. Jenkins is a member of the AICPA and the TSCPA.

Organization Position Status
Rick's Cabaret International Inc. Director Current
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     RICK $14.48 -0.36 (-2.43% )
Average Volume 255,034
Shares Outstanding 9.38M
Market Cap 135.9M
Year High 16.05
Year Low 3.11
Earnings Per Share 0.67
P/E Ratio 21.61
Dividend N/A
Yield N/A
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