Chanticleer Holdings to Open Eleventh Little Big Burger Location in Hillsboro, OR
CHARLOTTE, NC -- (Marketwired) -- 04/28/16 -- Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer" or the "Company"), owner and operator of multiple restaurant brands internationally and domestically, today announced that its better burger concept, Little Big Burger ("LBB"), expects to open a new location in the Platform District at Orenco Station in Hillsboro, Oregon by late summer this year.
The Platform District at Orenco Station is a pedestrian-friendly, high-density suburb which was built in conjunction with the MAX light rail line into Portland. The area, commonly referred to as the "Silicon Forest," is enjoying recent population and construction growth driven by the technology industry.
Adrian Oca, Director of Operations for the Pacific Northwest for Chanticleer Holdings, Inc., commented, "We are excited to open our eleventh location in a rapidly developing neighborhood. In addition to the Orenco Station restaurant, we also previously announced that we plan to open two additional locations in Portland's Lloyd District this spring and at Progress Ridge TownSquare in Beaverton this summer. We look forward to continuing our expansion and improving the brand's access to our loyal customers in the Portland area."
Rich Adams, President and COO of American Burger Co., commented, "The Little Big Burger concept has performed exceptionally well since we closed the acquisition in September of last year. In the fourth quarter, under Adrian Oca's leadership, LBB surpassed our expectations and contributed significantly to top line growth and achieved strong profitability margins. LBB has been thriving and I continue to feel very optimistic about the concept's future."
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.
For further information, please visit: www.chanticleerholdings.com
Facebook: www.Facebook.com/ChanticleerHOTR
Twitter: http://Twitter.com/ChanticleerHOTR
Google+: https://plus.google.com/u/1/b/118048474114244335161/118048474114244335161/posts
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.
Contact 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 28, 2016