A1258689651BygiV

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Safe Harbor Statement

• In this conference call you may hear or see
  forward-looking statements that involve a number
  of risks and uncertainties that could cause the
  companys 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 New York City and elsewhere
  the success or lack thereof in launching and
  building the companys businesses in New York
  City and elsewhere the Companys ability to
  identify and secure suitable locations for new
  nightclubs on acceptable terms, open the
  anticipated number of new nightclubs on time and
  within budget achieve anticipated rates of
  same-store sales hire and train additional
  nightclub personnel and integrate new nightclubs
  into its operations unexpected increases in
  costs of sales or employee, pre-opening or other
  expenses the economic conditions in the new
  markets into which the Company expands and
  possible uncertainties in the customer base in
  these areas fluctuations in quarterly operating
  results the impact of any negative publicity or
  public attitudes competitive pressure from other
  national and regional nightclub chains 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 go to www.ricks.com.

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OVERVIEW OF TODAYS PRESENTATION

• Review of 1Q 07 Results
• Drivers of Sales Increases
• Effects of Openings on Income
• Acquisition Strategy Update
• Montgomery Street Research
• Review Guidance for 07

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1Q 2007 HIGHLIGHTS

• Revenue 7M compared to 5.8 M in 1Q 06
• Total Revenue Increase 21.6
• Same Club-Same Period sales 6.1 M, nearly 9.72
  up from 2006
• Net Income 353,000 or 7 cents per basic share
• Income affected by costs associated with Club
  Openings, estimated to be in excess of 400,000

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1Q 2007DRIVING FACTORS

• Alcoholic Beverage Sales up 19.6 to 2.6 M
• Service Revenues up 29 to 3.35 M
• New York City growth continues strong
• 1Q Revenues increase 63, operating profit
  increase 1,250, and store Unit Contribution in
  excess of 36

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RATIONAL FOR CLUB ONYX MOVES

• Ricks Charlotte Houston South closed for
  several weeks and re-launched as Club Onyx
• With San Antonio and Houston, we now have 4 Club
  Onyx locations
• Building brand to serve a major un-met market
  niche

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NEW LOCATIONS

• Charlotte opened extremely strong and continues
  to build
• Austin, South Houston, and San Antonio in early
  ramp-up stage. Business building on continuing
  basis.
• Planned DFW acquisition is already a profitable,
  mature operation, that should be immediately
  accretive

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A FEW STATISTICS

• Cash flow from operations 712,000 vs. 427,000
• Total Assets 33.3 M as of 12-31-06
• 1.45 M Cash at 12-31-06 vs. 561,000 at 12-31-05

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MONTGOMERY ST. RESEARCH

• Entered agreement for MSR to explore acquisitions
  and capital market opportunities
• MSR skilled as financial consultant to
  entertainment companies

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ACQUISITION STRATEGY

• To acquire profitable clubs in major metropolitan
  areas. We look for high business traffic,
  convention locations, and tourism
• To acquire clubs that can be immediately
  accretive and do not require a ramp up period
• To pay 3-6x earnings, depending on the growth
  opportunities of the individual clubs
• To use a combination cash and stock

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RICKS IMMEDIATE GOALS

• Keep Ricks Cabaret-NYC On Track to Optimum
  Performance in 2007
• Operate/Grow Our New Clubs
• Grow our company through selective acquisitions
• Work with Montgomery St. on opportunities in
  Capital Markets

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GUIDANCE UPDATE for 2007

• D-FW Club should add 4 M in revenue and 800 K
  in net income for first full year after
  acquisition
• Original guidance- Revenue 32-34 M. Net income
  2.6 M to 2.8 M. EPS 0.48.
• Management feels comfortable with revenues at
  high end and EPS above current guidance
• Further acquisitions could increase guidance

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2008 GUIDANCE

• Based on current business trends and projected
  acquisitions of 15 million, the company is
  comfortable with the following projections for
  the year ending September 2008
• Revenues 48-50
• Net Income 6 million
• EPS 0.85 Fully Taxed

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RICKS CABARET
If You Are In NYC Join Us Tonight February 13th
Due Diligence Ball Ricks Cabaret NYC 50 West
33rd Street Free Admission 7 Drinks til 9 pm
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