Chanticleer Holdings Partners with Food Service Industry Consultants
Company to Leverage FSIC’s Comprehensive Supply Chain Transparency, Analytic Support Services and Compliance Analytics Platform, IntelliSpend™, to Maximize Profitability
CHARLOTTE, N.C., April 16, 2019 (GLOBE NEWSWIRE) -- Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands, today announced that it has partnered with Food Service Industry Consultants (“FSIC”) to leverage their comprehensive supply chain transparency, analytic support services and compliance analytics platform, IntelliSpend™, to enhance profitability.
Fred Glick, Chanticleer Holdings President, stated, “We are pleased to announce our newest partnership with FSIC. In today’s market, it’s more critical than ever to have complete visibility and control over our entire supply chain in order to maximize profitability and guest traffic. Since 2001, FSIC has worked with some of the biggest names in restaurants in our space to help successfully reduce their costs of goods while improving bottom lines.”
Glick continued, “The Company’s partnership with FSIC comes on the heels of our previous recent announcements about our partnership with Restaurant Revolution Technologies, a partnership with DoorDash for delivery, and Thanx for its automated customer engagement platform.
“We’ve now built a platform capable of managing greater scale. This platform includes a highly experienced restaurant management team, numerous quality brands, loyal and dedicated employees, and experienced technology partners that are proven effective.”
Since 2001, FSIC has supported more than 170 restaurant brands with its experienced supply chain and data professionals. Utilizing its proprietary transparency and compliance platform, IntelliSpend™️, FSIC helps restaurant groups reduce cost of goods up to 10% and ensure a consistent guest experience. The FSIC team is comprised of industry experts with deep expertise and understanding of the complexity of foodservice supply chain, purchasing and pricing.
About Chanticleer Holdings, Inc.
Headquartered in Charlotte, NC, Chanticleer Holdings owns, operates, and franchises fast, casual, and full-service restaurant brands, including American Burger Company, BGR – Burgers Grilled Right, Little Big Burger, Just Fresh, and Hooters. For more information, please visit: www.chanticleerholdings.com.
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.
Released April 16, 2019