March 18,
2003 03:53pm Rick's Cabaret &
Bunny Ranch Co-Brand New Auction Site Source:
Rick's Cabaret International, Inc. by: Company
Press Release
(HOUSTON, TX) -- NaughtyBids.com, the
adult auction site owned by publicly traded Rick's Cabaret
International, Inc. (Nasdaq: Rick), has launched a co-branded
program for the auction of sexy items from the Bunny Ranch, the
world's best-known brothel.
The new site will be available
from both NaughtyBids.com and BunnyRanch.net and through affiliate
programs with other Websites. The auction program uses the
proprietary auction platform developed by NaughtyBids.com, which
enables bidders to buy items offered by the ranch located just east
of Carson City, Nevada, and by private vendors.
"The site
will feature hundreds of unique items that are available only from
the Bunny Ranch," said ranch owner Dennis Hof. "We'll auction off
collectibles such as panties worn by our stars (bids start at $20),
tee shirts with the Bunny Ranch logo (they start at $15), dressing
robes with logo (bidding for a typical robe reached $81 after 30
bids), autographed photos of Sunset Thomas showing off her breast
enhancement surgery (starting bid: $24.98) and a "Bunny Ranch
Survival Kit" that contains "menu" of services and other items "For
a successful trip to the ranch along with cash."
Eric
Langan, CEO of Rick's Cabaret, said, "The Bunny Ranch is one of the
best known brand names in the adult field and we expect this site
will be a strong addition to our existing network of seven sites.
Plus, NaughtyBids.com has launched a Webmaster affiliate program for
the new site that will pay one percent of the winning bid price on
every auction that an affiliate's users win, as well as a bonus
payment for every user that creates an account."
About
Rick's Cabaret
Rick's Cabaret International, Inc. (Nasdaq:
Rick) is organized into two business lines: 1) Nightclubs and
entertainment comprising Rick's Cabaret clubs in Houston and
Minneapolis, XTC Clubs in San Antonio and Austin, plus the
Encounters club in Houston catering to couples in the swingers'
lifestyle and 2) Internet activities, which encompass adult
entertainment membership portals that provide access to third-party
adult-oriented Websites such as XXXPassword.com, a
subscription-based website for couples that enjoy the "swingers'
lifestyle called CouplesTouch.com, and auction sites such as
NaughtyBids.com that operate on a single proprietary technology
platform and earn revenue by providing a marketplace for adult
paraphernalia and through Webmaster referral fees. For further
information visit Ricks.com or email IR@Ricks.com.
Forward-Looking Statements:
This press release
contains forward-looking statements that involve a number of risks
and uncertainties. Important factors that could cause Rick's actual
results to differ materially from those indicated in this press
release include the risks and uncertainties as to the future
operational and financial results of our Web sites, the future
operational performance of our partners, the laws governing the
operation of adult entertainment businesses, competitive factors,
dependence on key personnel and the ability to manage operations.
Rick's has no obligation to update or revise the forward-looking
statements to reflect the occurrence of future events or
circumstances.
Investor and Media Contact: Allan
Priaulx, 212-338-0050, IR@Ricks.com |