Chanticleer Holdings Secures Site in Budapest, Hungary
25 Giugno 2012 - 2:50PM
Chanticleer Holdings, Inc. (Nasdaq:HOTR) (Nasdaq:HOTRU)
("Chanticleer Holdings" or the "Company"), an international
franchisee of Hooters restaurants, announced the Company has
secured the location for Hooters Budapest, in the middle of Franz
Liszt Square, where construction is underway on our 7800 square
foot unit across three levels.
Alex Hemingway, Director of Chanticleer Europe and CEO of Crown
Restaurants – Chanticleer Holdings' European operating entity,
stated, "We are extremely excited about the opportunity to begin
our European development strategy with Budapest, Hungary. Our new
restaurant in the heart of Budapest's Franz Liszt Square couldn't
be more centrally located or better known. We look forward to
serving Hungarians our great food and having them experience the
Hooters environment."
Hooters Budapest will be the first Hooters restaurant open in
Hungary, with restaurant doors expected to open by the end of this
year.
About Chanticleer Holdings, Inc.
Chanticleer Holdings (Nasdaq:HOTR) (Nasdaq:HOTRU) is a
business operator focused on expanding the Hooters casual dining
restaurant brand in international markets. Chanticleer currently
has rights to develop and operate Hooters restaurants in South
Africa and has joint ventured with the current franchisee in
Australia. The Company also has franchise rights to develop Hungary
and parts of Brazil, while evaluating several additional
opportunities internationally.
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), a
privately held company. Today, HOA is the franchisor and operator
of over 450 Hooters restaurants in 44 states and 28 foreign
countries. Chanticleer maintains a minority ownership stake in HOA
and 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 and follow us on
Twitter at @ChantHoldings or @Hooters.
Safe Harbor Statement
This press release contains forward-looking statements subject
to the inherent uncertainties in predicting future results and
conditions. Any statements that are not statements 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.
CONTACT: For Additional Information, Please Contact:
Internal Investor Relations:
Shannon DiGennaro
Phone: 704.941.0959
sd@chanticleerholdings.com
External Investor Relations:
The Del Mar Consulting Group, Inc.
Robert B. Prag, President
858-794-9500
bprag@delmarconsulting.com
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