CHARLOTTE, NC--(Marketwire - Feb 21, 2012) - Chanticleer Holdings, Inc. (OTCBB: CCLR) ("Chanticleer" or the "Company"), a business operator focused on expanding the Hooters casual dining restaurant brand in international markets, today announced it held a celebration on February 16, 2012 to mark the grand opening of the Hooters Emperors Palace. The newest location in Johannesburg, South Africa is the fourth restaurant opened by the company in less than 3 years.
Grand Opening Events were set to a James Bond Casino Royale theme, which was open to the public, along with VIP events from 7 pm to 11 pm attended by celebrities including the South African rugby team, tennis champion and 100 VIPs of the Emperors Palace Casino. The Hooters Emperors Palace location (www.emperorspalace.co.za) is conveniently situated alongside O.R. Tambo International Airport in Johannesburg, South Africa and has accommodation, a health and beauty spa, a casino, dining options, entertainment choices and conference facilities. Approximately 4.7 million tourists visit the Emperors Palace casino and hotel every year.
"We are delighted to be celebrating the opening of our newest Hooters with the people of Johannesburg," said Michael Pruitt, Chief Executive Officer of Chanticleer Holdings. "We believe this ideal location will provide an exceptional experience for our customers, with the great food, experiences and family friendly fun they expect from Hooters."
"We are proud of the work Chanticleer has done in advancing the Hooters brand in South Africa," said Terry Marks, the CEO of Hooters of America, LLC. "Their business development skill and commitment to operational excellence has created a model for our franchisees throughout the world. We wish the management team the best of luck with this their fourth location and we like that we can now say we have a Hooters fit for an Emperor."
The Hooters Emperors Palace is fully owned and operated by Chanticleer Holdings. The new restaurant is the Company's fourth Hooters location in South Africa and second location in Johannesburg, with additional restaurants in Durban and Cape Town.
Chanticleer Holdings was formed in 2005 as a business development company and converted to an operating holding company in 2008.
In 2011, Chanticleer and a group of noteworthy private equity investors, which included H.I.G. Capital, KarpReilly, LLC and Kelly Hall, president of Texas Wings Inc., the largest Hooters franchisee in the United States, acquired Hooters of America (HOA). Today, HOA is the franchisor and operator of over 450 Hooters restaurants in 44 states and 28 foreign countries. Chanticleer currently has rights to develop and operate restaurants in South Africa and is joint venturing with the current franchisee in Australia, while evaluating several additional opportunities. In addition to Chanticleer maintaining its ownership stake in HOA, its CEO, Mike Pruitt, is also a member of HOA's Board of Directors. For further information, please visit www.chanticleerholdings.com or www.hooters.com.
Hooters of America, LLC is the franchisor and operator of over 430 Hooters restaurants in 44 states and 27 foreign countries. The first Hooters opened in 1983 in Clearwater, Florida. Hooters is well-known for its brand of food and fun, featuring a casual beach-theme atmosphere, a menu that features seafood, sandwiches and Hooters nearly, world famous chicken wings, and service provided by the All-American cheerleaders, the Hooters Girls. For more information about Hooters visit www.Hooters.com, www.twitter.com/Hooters, www.YouTube.com/Hooters or www.Facebook.com/Hooters.
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statement of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.
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