/C O R R E C T I O N -- RCI Hospitality Holdings, Inc./

In the news release, RCI Declares Regular Quarterly Cash Dividend on Common Stock, issued 16-Aug-2017 by RCI Hospitality Holdings, Inc. over PR Newswire, we are advised by the company that the ex-dividend date in the first paragraph, second sentence, should read "September 8, 2017" rather than "September 7, 2017" as originally issued inadvertently. The complete, corrected release follows:

RCI Declares Regular Quarterly Cash Dividend on Common Stock

HOUSTON, Aug. 16, 2017 /PRNewswire/ -- RCI Hospitality Holdings, Inc. RICK announced it has declared a regular quarterly cash dividend of $0.03 per common share for the Fiscal 2017 fourth quarter ending September 30, 2017 as part of RCI's $0.12 per share annual cash dividend. The 4Q17 dividend is payable September 25, 2017, to holders of record September 11, 2017, with an ex-dividend date of September 8, 2017. This marks the seventh consecutive quarterly cash dividend paid by RCI.

About RCI Hospitality Holdings, Inc. RICK

With 45 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in gentlemen's clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis and other cities operate under brand names, such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars, Tootsie's Cabaret, and Scarlett's Cabaret. Sports bars/restaurants operate under the brand name Bombshells Restaurant & Bar. Please visit http://www.rcihospitality.com/

Media & Investor Contacts

Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com

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SOURCE RCI Hospitality Holdings, Inc.