PHILADELPHIA-Rick's Cabaret International Inc. has signed apurchase agreement to acquire a 51% share of the End Zone Inc.,which owns and operates Crazy Horse Too Cabaret. The 25,000-sfadult nightclub at 2908 S. Columbus Blvd. opened in 2006.

Under the terms of the two-part agreement, Houston-based Rick'swill issue 225,000 shares of restricted common stock for 51% of theEnd Zone Inc., and a Rick's subsidiary, RCI Holdings Inc., will pay$3.5 million in cash for a 51% interest in the partnership entitiesthat own the property where the club is located. The seller willretain a 49% interest in the club and the real estate.

In a Rick's SEC filing, the seller is identified as VincentPiazza and the Piazza Family Ltd. Partnership. The shares of commonstock are referred to as the TEZ shares, and the ownership entitiesas TEZ Real Estate LP and TEZ Management LLC, all based here.