Chanticleer Holdings' BGR the Burger Joint Signs Multi-Unit Franchise Deal in the Baltimore-Washington D.C. Market
CHARLOTTE, NC -- (Marketwired) -- 02/16/16 -- Chanticleer Holdings, Inc. (NASDAQ: HOTR) (Chanticleer Holdings, or the "Company"), owner and operator of multiple restaurant brands internationally and domestically, today announced that the Company has signed a multi-unit franchise deal with Spartan Investment LLC to open up to three locations in the Baltimore-Washington D.C. market. The franchise agreement strengthens BGR's brand presence in the D.C. market and will provide additional leverage for marketing the better-burger concept.
"We are thrilled to have such a quality operator join the BGR family, as we continue to strengthen our core markets by adding engaged entrepreneurs dedicated to bringing our iconic BGR brand to the local comunities in the Baltimore-Washington market," stated Ed Kelley, President BGR Franchising dba BGR the Burger Joint.
"The successful growth of BGR's brand continues to bring great franchising opportunities and this multi-unit agreement signifies the confidence our franchise partner has in the BGR brand. We look forward to cultivating this partnership as they look to open their first BGR location by year end," commented Rich Adams, President and COO of American Burger Co.
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, Little Big Burger, and owns a majority interest in Just Fresh restaurants in the U.S.
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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 February 16, 2016