/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:

HOUSTON, Aug. 16, 2017 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: 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. (Nasdaq: 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.