SOURCE: Chanticleer Holdings, Inc.

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August 29, 2016 07:30 ET

Chanticleer Holdings Expands Geographic Scope of Agreement With Financial Partner; Investor Funding New Progress Ridge Restaurant

Plans Remain On Track With Financial Partner to Develop Seattle Area Restaurants

CHARLOTTE, NC--(Marketwired - August 29, 2016) - Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer" or the "Company"), owner and operator of multiple restaurant brands internationally and domestically, today announced the geographical expansion of its agreement with a financial partner to include restaurants beyond the Seattle, Washington area. The investor is funding the opening of a Little Big Burger ("LBB") at Progress Ridge TownSquare in Beaverton, Oregon. Construction has begun and the restaurant is expected to open shortly.

Progress Ridge TownSquare is a 325,000 square foot family entertainment, restaurant, and shopping destination. Little Big Burger at Progress Ridge will be the concept's largest location at 2,100 square feet.

Mike Pruitt, Chairman and CEO of Chanticleer Holdings, commented, "We are pleased to have extended the geographic scope of our financial partnership to provide more opportunity to drive organic growth in the Pacific Northwest with one of our best performing brands utilizing strategic, non-dilutive capital. This is the first of a 10 store commitment with this financial partner. We have also signed our first lease in the Seattle area and look forward to continuing to build the LBB brand in the Pacific Northwest."

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, Little Big Burger, and owns a majority interest in Just Fresh restaurants in the U.S.

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