CHARLOTTE, NC - (Marketwired - October 20, 2015) - Chanticleer Holdings, Inc. (NASDAQ: HOTR) (Chanticleer Holdings, or the "Company"), owner and operator of multiple restaurant brands internationally and domestically, announced today that the Company has closed a transaction to increase its investment in its five Hooters stores in Australia from 60% to 80%. The Company has increased ownership in the Parramatta, Penrith, Campbelltown, Surfers Paradise, and Townsville locations.
Led by Mike Messler, newly appointed Chief Operating Officer of Hooters Australia, Chanticleer has implemented a new management team to oversee the region and its five locations. Mr. Messler was formerly Franchise Business Development Manager and served in various operational leadership roles at Hooters of America. In addition, Ron Dufficy has been appointed as Chief Financial Officer of Hooters Australia. Ron is a Certified Practicing Accountant in Australia with over 20 years of finance and operations leadership experience, most recently as General Manager of Global Shared Services and as CFO of the Americas with Aristocrat Leisure Limited.
"With this increased ownership position in Hooters Australia, we have heightened our control over the day to day operation of our restaurants in that country, which we expect to be beneficial both financially and operationally," said Mike Pruitt, CEO of Chanticleer Holdings, Inc. "Mike, Ron and our new management team are already on the ground to engage with our guests, employees and business partners. We are excited about the opportunity to fully leverage the Hooters brand in this important growing market."
With more than 17,000 Hooters Girls around the globe, several Australia locations are currently part of a global "Give A Hoot" fundraising initiative during Breast Cancer Awareness Month. After a record-setting fundraising campaign in 2014, raising more than $650,000 in the fight against breast cancer, Hooters Girls are setting the bar even higher with a goal of $1 million this year. Guests are encouraged to visit participating Hooters Australia locations or http://give.hooters.com for more information.
Chanticleer Holdings has 61 locations worldwide including fifteen Hooters restaurants, five American Burger Co. restaurants, seven Just Fresh locations, twenty-two BGR the Burger Joint locations (including 13 franchise locations), four BT's Burger Joint locations and eight Little Big Burger locations.
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, BT's Burger Joint, Little Big Burger, and owns a majority interest in Just Fresh restaurants in the U.S.
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.
SOURCE Chanticleer Holdings, Inc
Chanticleer Holdings, Inc.
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