SOURCE: Chanticleer Holdings, Inc.

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March 25, 2015 08:00 ET

Chanticleer Holdings Commences Construction on Hooters in Port Elizabeth, South Africa

CHARLOTTE, NC--(Marketwired - March 25, 2015) - Chanticleer Holdings, Inc. (NASDAQ: HOTR) (Chanticleer Holdings, or the "Company"), owner and operater of multiple restaurant brands internationally and domestically, today announced that the Company has commenced construction on its South Africa Hooters location in the Walmer section of the city of Port Elizabeth. The Company's sixth South Africa location, purchased by Chanticleer Holdings in 2014, is an existing stand-alone building with a surrounding car park area. The restaurant is expected to be completed and open by end of July 2015.

Walmer is known as the cosmopolitan center of Port Elizabeth, full of trendy bars, restaurants, a movie theater and local businesses with upmarket residential areas surrounding the shopping district. In this setting, Hooters will attract an optimal blend of business and residential patrons.

Mike Pruitt, Chairman and Chief Executive Officer, commented, "Due to the success of our rights offering, we are now able to break ground and begin construction on our Port Elizabeth location. This up trending city will be ideal for a world class brand such as Hooters and we believe it will be one of our top producing restaurants in South Africa." 

About Chanticleer Holdings, Inc
Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), together with its subsidiaries, owns and operates restaurant brands in the United States and internationally. The Company is a franchisee owner of Hooters® restaurants in international markets including Australia, South Africa, and Europe, and two Hooters restaurants in the United States. The Company also owns and operates American Burger Co., BGR: The Burger Joint, and owns a majority interest in Just Fresh restaurants in the U.S.

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Forward-Looking Statements:
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.

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