SOURCE: Chanticleer Holdings, Inc.
CHARLOTTE, NC--(Marketwired - October 29, 2013) -
Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer Holdings" or the "Company"), headquartered in Charlotte, N.C., announced today that the Company has appointed Richard Adams, former Regional Vice President of Bojangles' Restaurants Inc., as President and Chief Operating Officer of its subsidiary, American Roadside Burgers, effective October 28th, 2013. The Company also welcomes Thomas Lewison as a strategic advisor for Chanticleer Holdings.
Mr. Adams joins the leadership team with more than 35 years of experience in the restaurant industry. In his 10-year tenure at Bojangles' Restaurants, Mr. Adams served in several different capacities including Director of Training, Vice President of Franchise Operations and for the past 5 years Regional Vice President of Company Operations where he led Bojangles' core market in Charlotte, NC. Prior to Bojangles' Restaurants, Mr. Adams worked through the ranks at CKE Restaurants to become Regional Vice President and later, Area Vice President for a Burger King Franchisee in Louisiana leading 100 restaurants.
Mr. Lewison, a Franchisee of 15 Qdoba Mexican Grill restaurants, and was a Board Member of American Roadside Burgers. In addition to restaurant ownership, Mr. Lewison has ownership in 20/20 Restaurant Group, LLC which operates as a consulting service to the restaurant industry. Previously, Mr. Lewison worked his way up at CKE Restaurants and moved to Hardee's Food Systems as EVP of Operations after CKE acquired the brand in 1997. After 22 years with CKE, Mr. Lewison became President and COO of Bojangles' Restaurants Inc. in 2001. Tom developed and executed the strategic plan that ultimately led to the turnaround of the Bojangles' brand. Through Tom's efforts, the shareholders of Bojangles' realized an above average return on investment upon the sale of the company in 2007.
Mike Pruitt, Chairman and Chief Executive Officer of the Company, stated: "We are pleased to welcome Rich to lead the management and development of our newest subsidiary, American Roadside Burgers. With his extensive experience in the restaurant industry, Rich is an excellent addition to the team, especially at this exciting time in our company's development." Mr. Pruitt goes on to say, "Tom's vast industry knowledge and experience will help Chanticleer Holdings move towards further expansion for all our subsidiaries and evaluation of new opportunities."
Mr. Adams added: "I am excited about the opportunity to join American Roadside Burgers at this time as Chanticleer Holdings advances its subsidiaries in the United States and all over the world."
"There are so many great operators out there without capital, and so much capital that can't operate a restaurant," says Tom Lewison. "That's why I love Mike Pruitt's model. It understands the balance."
For further information, please visit www.chanticleerholdings.com
About Chanticleer Holdings, Inc.
Chanticleer Holdings (HOTR) is focused on expanding the Hooters® casual dining restaurant brand in international emerging markets and American Roadside Burgers Inc ("ARB"), a Charlotte, N.C. based chain. Chanticleer currently owns in whole or part of the exclusive franchise rights to develop and operate Hooters restaurants in South Africa, Hungary and parts of Brazil, and has joint ventured with the current Hooters franchisee in Australia, while evaluating several additional international opportunities. The Company currently owns and operates in whole or part of six Hooters restaurants in its international franchise territories: Durban, Johannesburg, Cape Town and Emperor's Palace in South Africa; Campbelltown in Australia; and Budapest in Hungary. ARB, purchased by Chanticleer Holdings on October 1, 2013, has a total of 5 casual restaurants -- 1 location in Smithtown, N.Y., 2 locations in Charlotte, N.C., 1 location in Columbia, S.C., and the newest location is in Greenville, S.C.
Any statements that are not historical facts contained in this release are "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or required licenses, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date the statements were made, and the companies do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.