SOURCE: Chanticleer Holdings, Inc.
CHARLOTTE, NC--(Marketwired - December 10, 2013) - Chanticleer Holdings, Inc. (NASDAQ: HOTR)
(Chanticleer Holdings, or the "Company"), a minority holder in the privately held parent company of the Hooters brand Hooters Of America, and a franchisee of international Hooters restaurants, has announced the grand opening of its Hooters restaurant in South Africa's fifth largest city and capital, Pretoria. This is the Company's 5th South African Hooters restaurant location and its 8th international location. Pretoria has a thriving sports culture and is the home of the Pretoria Bulls rugby team.
The new Hooters, located in The Willows Crossing Shopping Centre in eastern Pretoria, will have its grand opening Saturday December 14, 2013. Adding to the culture of the South African team, Miss Hooters International winner, Kirsten Martins, has joined the opening team, along with Tommy Eargle from Nashville, Tennessee and Marlyn Espinola from Charlotte, North Carolina.
With both indoor and outdoor seating, the 7,700 square feet restaurant will have 240 seats including a brilliant outside balcony space with 80 seats. A central square bar will be the focal point of the restaurant, incorporating both the indoor and outdoor seating, a new concept for the South African locations. The restaurant will also include 26 large flat screen high-definition televisions, providing its patrons a vibrant sports atmosphere as they watch their favorite sports team in action. 200 parking bays will allow customers to easily access the location, catering to a busy, high-traffic area where local residents live and shop. The Pretoria location is 57 kilometers from the Emperors Palace location, and 56 kilometers from the Hooters Fourways, creating an essential "Hooters Triangle."
Mike Pruitt, Chairman and Chief Executive Officer, commented, "Pretoria is the national capital and a thriving city with attractive demographics including a very active sports culture perfect for the Hooters brand."
About Chanticleer Holdings, Inc
Chanticleer Holdings (NASDAQ: 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 eight Hooters restaurants in its international franchise territories: Pretoria, Durban, Johannesburg, Cape Town and Emperor's Palace in South Africa; Campbelltown in Australia; Budapest in Hungary; and Nottingham in the United Kingdom. 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. The Company also owns a majority interest in JF Restaurants, LLC and JF Franchising Systems, LLC, a fresh food-focused casual dining establishment with 5 restaurant locations.
For further information, please visit www.chanticleerholdings.com
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.