Chanticleer Holdings Announces First Quarter 2015 Preliminary Net Restaurant Revenue of $8.3 Million, a 58% Increase From Prior Year

CHARLOTTE, NC -- (Marketwired) -- 04/27/15 -- Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer," or the "Company"), owner and operator of multiple fast casual restaurant brands, announces record preliminary net restaurant revenue for Q1 2015 of approximately $8.3 million, an increase of approximately 58% from $5.3 million in Q1 2014. The growth resulted from acquisitions and new restaurant openings. Store count increased from 21 at March 31, 2014 to 46 at March 31, 2015, with the acquisition of BGR: The Burger Joint ("BGR") adding 20 new locations near the end of the current quarter. BGR owned and operated stores had a strong quarter with $2 million in revenue; system wide BGR revenue, including franchises, was $4 million. A minimal amount of BGR's revenue are included in the Company's March quarter; the June quarter will include BGR in its entirety. 

"2015 will be an exciting year as we continue to execute our strategy of growth through acquisitions, new store openings and expanding our franchising capabilities," commented Mike Pruitt, Chairman and Chief Executive Officer. "In addition to our acquisition of BGR last month, we expect to close on the acquisition of BT's Burger Joint and we're scheduled to open two international Hooters locations and one BGR location in the coming weeks. We also have additional accretive acquisition targets in our pipeline. The acquisitions and new store openings will more meaningfully impact revenue growth in Q2 and forward."

As of March, 31, 2015, the Company has 46 company-owned and franchise locations worldwide including thirteen Hooters restaurants, six American Burger Co. restaurants, seven Just Fresh locations and twenty BGR locations. The Company's Quarterly Report on Form 10-Q will include further details about the Company's first quarter financial performance.

About Chanticleer Holdings, Inc
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, and owns a majority interest in Just Fresh restaurants in the U.S.

For further information, please visit www.chanticleerholdings.com 
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Forward-Looking Statements:
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.

Press Information:
Chanticleer Holdings, Inc.
Investor Relations
Phone: 704.366.5122
ir@chanticleerholdings.com

Investor Relations
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Phone 203.972.9200
jnesbett@institutionalms.com

Source: Chanticleer Holdings, Inc.

Released April 27, 2015