Chanticleer Holdings and Hooters Australia Secure Site and Begin Expansion in Surfers Paradise, Australia

Campbelltown Location Continues to Build Loyal Fans

CHARLOTTE, NC – Chanticleer Holdings, Inc. (OTCQB: CCLR) (OTCBB: CCLR) (“Chanticleer” or the “Company”), a business operator focused on expanding the Hooters casual dining restaurant brand in international markets, announced the company has secured the location and construction is well underway for its second joint venture development restaurant in Australia which will be located in Surfers Paradise, Australia. The restaurant is expected to open late second quarter 2012 and will mark the second JV restaurant to open this year since the company’s Campbelltown, Australia restaurant opened on January 9th, 2012. The Campbelltown location continues to exceed expectations reaching a top ten ranking in sales across the entire Hooters restaurant group, while building a loyal repeat fan base.

“Surfers Paradise is our next step in expanding the Hooters restaurant brand across Australia. With the tremendous success of our Campbelltown location we moved quickly to execute our expansion plans. Surfers Paradise attracts more than 20,000 overnight visitors every day and is considered a prime tourist destination. Every weekend the number of visitors swells to more than 30,000 per day in the entertainment precinct where our next Hooters will be located. The local and visitors demographics should make our Surfers Paradise a huge success,” said Morney Schlebusch, Chief Operating Officer, Hooters Australia.

Michael Pruitt, Chief Executive Officer of Chanticleer Holdings, stated, “We are excited to expand our relationship with Morney and his team. The success of the Campbelltown location is evidence of their ability to execute and deliver. This marks another key milestone as we continue to execute our core growth strategy of expanding the Hooters brand internationally. We see tremendous opportunities in Australia and other fast-growing markets to open additional restaurants.”

Surfers Paradise will be the second Hooters restaurant opening in Australia which is jointly owned by Mr. Schlebusch and Chanticleer Holdings. For more information please visitwww.hootersaustralia.com.

About Chanticleer Holdings, Inc.

Chanticleer Holdings (OTCQB: CCLR) (OTCBB: CCLR) a business operator focused on expanding the Hooters casual dining restaurant brand in international markets. Chanticleer currently has rights to develop and operate Hooters restaurants in South Africa and has joint ventured with the current franchisee in Australia. The company also has franchise rights to develop Hungary and parts of Brazil while evaluating several additional opportunities internationally.

In 2011, Chanticleer and a group of noteworthy private equity investors, which included H.I.G. Capital, KarpReilly, LLC and Kelly Hall, president of Texas Wings Inc., the largest Hooters franchisee in the United States, acquired Hooters of America (HOA). Today, HOA is the franchisor and operator of over 450 Hooters restaurants in 44 states and 28 foreign countries. Chanticleer maintains a minority ownership stake in HOA and its CEO, Mike Pruitt, is also a member of HOA’s Board of Directors. For further information, please visitwww.chanticleerholdings.com or www.hooters.com and follow us on Twitter at @ChantHoldings or @Hooters.

Safe Harbor Statement

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statement of historical fact (including statements containing the words “believes,” “plans,” “anticipate,” “expects,” “estimates,” and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.

 

Contacts:

Company Contact:

Michael Pruitt
CEO
704-366-5122 Ext: 1

Investor & Media Relations:

MZ Group – North America
Mark McPartland
SVP
Phone: (212) 301-7130
Email: Email Contact
Web: www.mz-ir.com

 

 

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