SOURCE: Chanticleer Holdings, Inc.

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September 15, 2016 08:27 ET

Chanticleer Holdings to Open 7th American Burger Co. Location in Charlotte, NC

CHARLOTTE, NC--(Marketwired - September 15, 2016) - Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer," or the "Company"), owner, operator and franchisor of multiple branded restaurants in the U.S. and abroad, today announced that its better burger concept, American Burger Co. ("ABC"), has signed a lease and expects to open a new location at Prosperity Village Square in Charlotte, North Carolina this coming spring.

Prosperity Village Square, which is currently under construction, is located in the Highland Creek area of northern Charlotte, and will have street and sidewalk interconnectivity with a 292 unit multifamily development being constructed adjacent to the shopping center.

Rich Adams, President and COO of American Burger Co., commented, "We are very excited to bring American Burger Company to North Charlotte. Highland Creek is one of the city's fastest growing areas, and over the past year we have had many requests from our loyal fans to bring American Burger further north. We look forward to serving the many families in the area."

The Company intends to fund this new restaurant utilizing the EB-5 program.

About Chanticleer Holdings, Inc.

Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), owns, operates and franchises fast casual and full service restaurant brands, including American Burger Company, BGR: The Burger Joint, Little Big Burger, Just Fresh and Hooters.

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