Chanticleer Holdings Announces Lease Signing For BGR in Sugar House District of Salt Lake City, Utah
CHARLOTTE, NC - (Marketwired - April 10, 2017) - Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer" or the "Company"), owner and operator of multiple restaurant brands internationally and domestically, today announced that its franchisee, Myles Premier, LLC has signed a lease and expects to open a BGR, Burgers Grilled Right ("BGR"), restaurant in the Sugar House district of Salt Lake City, Utah. This location is the first of Chanticleer's multi-unit franchise agreement with Myles Premier, LLC to open five locations in the Salt Lake City market.
Sugar House is one of the oldest neighborhoods in Salt Lake City and has gone through many phases in its lifetime. Today it's one of Salt Lake's hotspots for upper-middle class homeowners and hipster shoppers. Sugarhouse has for decades been one of Salt Lake City's best -- and only -- zones of concentrated, locally-owned shops, and has been one of Salt Lake City's #1 go-to shopping areas.
Rich Adams, President and Chief Operating Officer of American Burger Company, parent company of BGR, commented, "We are excited to expand BGR's presence in the southwest region of the country and bring our popular, award-winning concept to the Salt Lake City community. As we continue to increase brand awareness, we are eager to provide our fast-casual restaurants to new customers while assisting our franchisees in building a successful business."
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 - Burgers Grilled Right, Little Big Burger, Just Fresh and Hooters.
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.
Chanticleer Holdings, Inc.
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)