RCI Hospitality (RICK) 8-K Regulation FD Disclosure

SAFE HARBOR

•This presentation may contain forward-looking statements that
are covered under the provisions of Section 27A of the
Securities Act of 1933 regarding Safe Harbor statements.
Forward-looking statements may involve revenue, income
and other business activities of Rick's Cabaret. Actual results
could differ materially from those projected in the forward-
looking statements as a result of many factors, including but
not limited to the risks associated with operating an adult
business, our ability to complete the acquisitions of new
business units, business climates in cities where we operate,
the success or lack thereof in building the company's
businesses, and numerous other factors. Under provisions of
the Safe Harbor section, the company is under no obligation to
correct, update or amend oral statements. Definitive
information about the company is presented on the
company's Website, www.ricks.com, and in filings made to the
SEC, which are also available on the Website.

RICK’S CABARET OVERVIEW

Rick’s Cabaret is the Premier Upscale

Gentlemen’s Club Operator

•18 Clubs in Major Markets: New York City, Miami,

Dallas-Ft. Worth, Philadelphia, Houston,

Minneapolis, Las Vegas

•Key Brand: Rick’s Cabaret

•High Margins & Strong Cash Flow

•Compound EBITDA Growth Last 5 Years

Exceeds 70 %

•Much of Rick’s Growth Since 2005 has Been
Through Acquisitions

•NYC & Miami Clubs Are Our Home Runs

•Cash On Hand and Demonstrated Ability to
Raise Capital Are Powerful Tools

•Leading Consolidation of $2B Gentlemen’s
Club Industry

•Seven Transactions in 2008-2009

OUR CONSOLIDATION STORY

Purchase of Midtown Manhattan Club in 2005

Brought Wall Street Attention to RICK Stock

•Investment Pros See RICK First Hand …‘Due
Diligence’ Parties Legendary

•Club is Exceptionally Profitable> $12 mm+
Revenue Run-rate, High Margins, Strong
Growth

•Proximity to Madison Sq. Garden a Huge Plus

•Daily Mentionon “The Howard Stern Show”

•Playboy.com says: “Best Strip Club in NYC”

THE TIPPING POINT

•Acquired Nov. ’07 for $25.5mm (2.2x EBITDA)

•One of a kind: all nude with liquor; open

‘til 6 am

•74,000sq ft on two levels; valet parking for

1,500 cars;

•Immediatelyaccretive - highly profitable from

day one;

•Revenue Growth 25%+ over previous owner

run rate by upgrading VIP services

•Named Best Strip Club in S.E. in ’09

•Will See New Records with Super Bowl and

Pro Bowl in Feb. ’10

RICK’S CABARET LAS VEGAS

•Acquired 25,000 sq. foot club, just off The
Strip in September ‘08

•Marketing Initiatives, High Margin VIP Focus,
Catering to Locals and Cost Controls are
Having Positive Impact

•Revenues Now Up and Will be Strong
Contributor as Vegas Market Turns Around

DALLAS/FT. WORTH MARKET

NEW ACQUISITIONS IN DFW

•XTC Cabaret - - Exceptional Club Near Sports
Stadiums and hip Uptown Area

•Club Onyx Dallas - - Has Become Top Upscale Club
for African-American Clientele

•Rick’s Ft. Worth - - Two-level Upscale Club on West
Side Just off I-30.

•Cabaret North - Newest Purchase, Off I-820 and I-
35W

WHAT MAKES RICK’S UNIQUE?

•Strong Financial Controls > Proprietary Cash
Management Similar to Casino Industry. Credit
Cards = Half of our Sales

•Entertainers > Independent Contractors Pay Usa Facilities Use Fee

•“Concierge Hospitality” + Customer Service >
Builds Loyalty, Repeat VIP Business

•Quality Control > Enhanced Brand Value

•Strongest Player in Sector Rollup > Have Cash
and Funding Strength Unmatched in Industry

FINANCIAL SUMMARY

Fiscal Year Financial Summary

Revenues

$13.9

$14.8

$24.5

$32.0

$59.9

44.2%

y-o-y growth

7.0%

65.2%

30.7%

87.2%

EBITDA

1.9

0.9

4.1

5.7

16.3

71.6%

Margin %

13.5%

6.0%

16.8%

17.8%

27.1%

Net Income

0.8

(0.2)

1.8

3.1

7.7

77.3%

Margin %

5.6%

(1.5%)

7.2%

9.5%

12.8%

Number of Clubs

7

9

13

14

19

As of June 30, 2009

CASH FLOW & LIQUIDITY SUMMARY

•Rick’s Raised $7.2 mm in
August through Convertible
Debenture

•Company’s Current Cash
Position at about $13 mm

•Strong Cash Flows Add to
Liquidity

OUR DEBT PROFILE

•Real Estate Backed Loans:$15.3 mm,

Will Be Retired by 2014

•Tootsie’s Cabaret Owner Purchase

Note: $10mm @14% Due Nov. 2012

•Raised $7.2mm in August, Payable in

10 Quarterly Payments at 10% over 3

Years;Will Retire by August 2012, or

Convert at $8.75

•IT executive, Director of Internet Division

•Degree in Aeronautical Science

OUR MANAGEMENT TEAM

•CPAPresident / OwnerPringle Jenkins & Associates, P.C.

•Degree in Business Administration

Director

Steven L. Jenkins

Background

Title

Name

•Noted First Amendment Attorney

•Former President First Amendment Lawyers Assn.

Director

Luke Lirot

•20+ Years Hospitality Industry Management Experience

•Degree in Business Administration

Director of Operations

Ed Anakar

•20+years industry experience as owner/operator

•Founder / Directorof Adult Club Executives (ACE)

President, CEO & Director

Eric Langan

•Founded Rick's in 1983; CEO until 1999

•Bachelor of Laws (Honours) (1973) - London School of Economics

•Master of Laws (1975) Osgoode Hall Law School, York University

Founder / Director

Robert L. Watters

•Audit Partner, KPMG; CFO of CDT Systems, Inc. (CDTN),

•Texas State University (1972)

CFO

Phillip K. Marshall

•Former Exec VP Thomson Financial/Publisher American Banker

•Dartmouth College / University of Southampton (UK)

Investor & Media Relations

Alan Priaulx

•Over 20 years of legal experience

•B.S. and J.D. from the University of Houston

General Counsel

Brenda Stanfield

VP/Director

Travis Reese

OUR LONG-TERM GROWTH
STRATEGY

•Focus on core competency - - become top
club in each market

•Increase operating efficiency & raise gross

margins

•Leverage our strong marketing skills

•Emphasize transparency, rigorous cash

control

•Build brand awareness/brand equity

•Highly selective acquisitions

•Focus on metro areas: business traffic /
conventions / tourism /pro sports

•Purchase at 3x - - 5x EBITDA

•Quickly Accretive

•Flexible funding models

Organic Growth

Acquisition Growth

SUMMARY

•Attractive Industry>We Operate Top Clubs in

Major Markets

• Unique Business Model> Great Margins +

Financial Controls

• Growth from Rollup of Fragmented Industry>

Big Pipeline of Targets….

• Non-Capital Intensive> Cash Flows

Consistently Strong

• Management > Depth + Experience

THANK YOU!

PLEASE BE SURE TO VISIT

RICK’S CABARETLOCATIONS FOR
ADDITIONAL DUE DILIGENCE