Rick's Cabaret International, Inc. owns and operates seven adult nightclubs under the names Rick's Cabaret and XTC that offer live adult entertainment, restaurant and bar operations. The Company's nightclubs are in Houston, Austin; San Antonio, Texas, and Minneapolis, Minnesota. In June 2004, the Company converted its original Rick's Cabaret nightclub in Houston's Galleria District into Club Onyx, an upscale venue that welcomes all customers but caters especially to urban professionals, businessmen and professional athletes. The Company also owns and operates a sports bar under the name Hummers in Houston and owns or operates premiere adult entertainment Internet Websites.
The Company has two Rick's Cabaret and one Club Onyx locations in Houston, Texas, and one Rick's Cabaret in Minneapolis, Minnesota. It also owns four nightclubs in San Antonio, Austin, and Houston, Texas, which operate under the name XTC. The Company also owns a controlling interest in and operates a sport bar called Hummers. On September 30, 2004, the Company sold its shares in RCI Ventures, Inc. to unrelated third parties.
Rick's Cabaret International maintains high standards for both personal appearance and personality for the topless entertainers and waitresses. Of equal importance is a performer's ability to present herself attractively and to talk with customers. The Company makes a determination as to whether a particular applicant is suitable based on such factors of appearance, attitude, dress, communication skills and demeanor. At all clubs, except for its Minnesota location, the entertainers are independent contractors.
The Company complements its adult entertainment with quality, first-class bar and restaurant operations. The Company's restaurant operations provide business lunch buffets, and full lunch and dinner menu service with hot and cold appetizers, salads, seafood, steak and lobster. An extensive selection of quality wines is available.
Rick's Cabaret International maintains a high-design standard in its facilities and decor. The furniture and furnishings in the nightclubs are designed to create the feeling of an upscale restaurant. The sound system is designed to provide quality sound at levels where conversations can still take place. The environment is carefully monitored for music selection, entertainer and waitress appearance and all aspects of customer service on a continuous basis.
To serve the upper-end of the businessmen's market, some of its nightclubs include a very important person (VIP) room, which is open to individuals who purchase memberships. A VIP room provides a higher level of service and luxury.
Rick's Cabaret International's online entertainment sites are xxxPassword.com, CouplesTouch.com, M4Mcouples.com and NaughtyBids.com. The site xxxPassword.com features adult content licensed through Voice Media, Inc. CouplesTouch.com is a personals site for those in the swinging lifestyle. It is essentially a dating site for couples. M4Mcouples.com is a personals site for gays, lesbians and bisexuals.
The Company's adult auction site features erotica and other adult materials that are purchased in a bid-ask method. The Company charges the seller a fee for each successful auction. It previously operated six individual auctions sites, but has combined these 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 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.
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