/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 15-Nov-2018 by RCI Hospitality Holdings, Inc. over PR Newswire, we are advised by the company that the first paragraph, second sentence, should read "1Q19" rather than "1Q18" as originally issued inadvertently. The complete, corrected release follows:

RCI Declares Regular Quarterly Cash Dividend on Common Stock

HOUSTON, Nov. 15, 2018 /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 2019 first quarter ending December 31, 2018 as part of RCI's $0.12 per share annual cash dividend. The 1Q19 dividend is payable December 26, 2018, to holders of record December 10, 2018, with an ex-dividend date of December 7, 2018. This marks the 12th consecutive quarterly cash dividend paid by RCI.

About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)

With more than 40 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, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, St. Louis and other markets 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.