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Stock Market & Financial Investment News

News Breaks
March 24, 2014
09:02 EDTRICKRick's Cabaret agrees to purchase Club O for $11.06M
Club, is located in a suburb of Chicago. Rick's plans to expand and convert it to the company's Tootsie's Cabaret mega gentlemen's club format. Cost of the acquisition is $11.06M, which includes $2M for the real estate. Assuming transfer of all necessary permits, licenses and other authorizations, and other items subject to due diligence, closing is expected on or before May 31. Payment will consist of $4M in cash; a number of restricted shares of Rick's common stock valued at an aggregate of $1.56M; and a $5.5M, five-year 4% promissory secured note.
News For RICK From The Last 14 Days
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October 9, 2014
09:04 EDTRICKRCI Hospitality reports Q4 total club and restaurant sales up 20.3% $32.7M
Reports Q4 SSS up 6.8% to $27.9M. Same store sales continued to reflect post-recession strategies of increasing patronage from bigger ticket, higher margin customers. In FY15, the company expects to open a fifth Bombshells in south Houston, enter into additional leases and continue to look at adult club acquisition candidates.

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