Chanticleer Holdings Announces Grand Opening of Hooters in Cape Town

CHARLOTTE, N.C., June 14, 2011 /PRNewswire/ -- Chanticleer Holdings, Inc. (OTCBB: CCLR), announced the grand opening of Hooters™ on Edwards Street in Cape Town, South Africa.  To inaugurate the new location, Hooters hosted an exclusive VIP party this evening.  

Hooters™ on Edwards Street is located in the Manhattan Plaza, which is filled with popular bars, nightclubs and restaurants.  The new restaurant is one of three in South Africa including "Hooters™ on the Rocks" and "Hooters™ on the Buzz", located in Durban and Johannesburg, respectively.  The three restaurants are part of Chanticleer's joint venture with SGShaw Food, PTY of Durban, South Africa.  

"Bringing Hooters™ restaurants to Cape Town, which is one of the world's preeminent tourist cities and fastest growing economies solidifies our successful track record for extending the Hooters™ brand in the global marketplace," said Michael Pruitt, Chief Executive Officer of Chanticleer Holdings, Inc. "We see tremendous opportunity in South Africa to introduce Hooters™ brand food, entertainment and hospitality to its vibrant multi-cultural communities."

In addition to these three restaurants, Chanticleer Holdings and SGShaw Food PTY are contractually obligated to open four more Hooters restaurants in South Africa over the next four years but based on the success to date, see a much greater opportunity.

"Cape Town has been eagerly anticipating the opening of Hooters™ on Edwards Street and we are confident that we will exceed expectations with our well appointed, sprawling space in the Manhattan Plaza," said Spencer Shaw, Chairman of SGShaw Food, PTY. "We are fully committed to providing the same superior service, food and warm welcoming environment to all Hooters™ restaurants within South Africa."

Hooters™ on Edward Street occupies nearly 6,000 square feet in the Manhattan Plaza on Edward Street and can accommodate 280 people, including a large outdoor patio. The invitation-only party included local celebrities, select VIPs, corporate sponsors and media as well as food and drinks.

Chanticleer Holdings, Inc. formed HOOT SA 111, LLC, for the purpose of contributing 50 percent of the start-up capital for the South Africa Hooters project in Cape Town. Chanticleer led this investment and raised the remainder from outside private investors. Chanticleer Advisors is the manager of HOOT SA 111, and will participate in the profits of all three Hooters South African operations.

About Chanticleer Holdings, Inc.

Chanticleer Holdings, Inc. is a publicly traded holding company that is headquartered in Charlotte, NC.  It operates two wholly-owned operating subsidiaries: Chanticleer Advisors, an investment manager; and Avenel Ventures, a consulting firm.  Additionally, the company owns several minority investments in private companies, including an interest in a convertible note into Hooters of America, Inc.  Chanticleer Holdings, Inc. was formed in 2005 as a business development company. In 2008 our shareholders elected to convert to an operating holding company. For further information, please visit www.chanticleerholdings.com

Contact:
Todd Fromer/Sharron Silvers
KCSA Strategic Communications
P: 212-682-6300

SOURCE Chanticleer Holdings, Inc.

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