Chanticleer Holdings Announces Fourth Hooters Restaurant in South Africa

CHARLOTTE, N.C., Oct. 19, 2011 /PRNewswire/ -- Chanticleer Holdings, Inc. (OTCBB: CCLR) today announced plans to open its fourth Hooters location in the Emperors Palace Casino Resort in Johannesburg, South Africa.  

The Hooters Emperors Palace will be fully owned and operated by Chanticleer Holdings and is slated to open in December, 2011.  The new restaurant will be the Company's fourth Hooters location in South Africa and second location in Johannesburg, with additional restaurants in Durban and Cape Town.  

Michael Pruitt, Chief Executive Officer of Chanticleer Holdings, stated, "By leveraging our success operating and collaborating with our partners on Hooters restaurants in Johannesburg, Cape Town and Durban, we are confident that we can not only thrive as owner and operator of the Emperors Palace Hooters, but also provide the people of Johannesburg with the same great food, fun and experience associated with the Hooters' brand."

The original trio of restaurants was part of Chanticleer Holdings' joint venture with SG Shaw Food PTY of Durban, S.A., who sold their shares of the venture to Chanticleer in September 2011.  Chanticleer hopes to open at least three additional Hooters restaurants in South Africa over the next five years but believes there is a much greater opportunity in this region and other emerging markets around the world.

"We are delighted to welcome Hooters restaurant to the Emperors Palace family.  We believe that Hooters will attract its own loyal patrons and families and will become a unique attraction for Emperors Palace visitors," says Nigel Atherton, Emperors Palace Deputy Chief Operating Officer.

Emperors Palace (www.emperorspalace.com) 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.

Pruitt concluded, "The Emperors Palace was the perfect choice for Chanticleer's first solely owned Hooters location.  The amazing location, exciting events and gaming options combined with the family-friendly atmosphere will be the perfect complement to Hooters' own standards and values."

About Chanticleer Holdings, Inc.

Chanticleer Holdings was formed in 2005 as a business development company and converted to an operating holding company in 2008.  For the next three years the Company invested in privately held or publicly-traded small or micro-cap, value-based opportunities through privately managed pools of capital.

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 HOA.  Today, HOA is the franchisor and operator of over 450 Hooters restaurants in 44 states and 28 foreign countries.  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.

About Emperors Palace

Voted 'Africa's leading casino resort in South Africa' by the World Travel Awards in 2006, 2007 and 2008, Emperors Palace Hotel Casino Convention and Entertainment Resort encompasses a truly world-class experience with a variety of accommodation options in four hotels, a state-of-the-art convention and exhibition centre, a magnificent casino with unparalleled gaming enjoyment and variety, superb entertainment, endless dining choices and fun-filled children's activities.

Breathtakingly beautiful in design with the finest attention to detail, Emperors Palace prides itself on standards of service that are above and beyond expectation. It is a place where every whim is catered for and every dream made real!

The resort is conveniently located at O.R. Tambo International Airport, and is easily accessible from most parts of Johannesburg and Pretoria – especially for the East Rand Residents.

Media and Investor Contact:

Todd Fromer / Sharron Silvers
KCSA Strategic Communications
[email protected] / [email protected]  
P: 212-682-6300

or

Company Contact:

Michael Pruitt, CEO
704-366-5122 Ext: 1
[email protected]

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.

SOURCE Chanticleer Holdings, Inc.

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