Chanticleer Holdings Opens Campbelltown, Australia Hooters
CHARLOTTE, NC -- (MARKET WIRE) -- 01/09/12 -- Chanticleer Holdings, Inc. (OTCBB: CCLR) ("Chanticleer" or the "Company"), a business operator focused on expanding the Hooters casual dining restaurant brand in international markets, announced the opening of its Campbelltown, Australia restaurant on January 9th, 2012. The Campbelltown opening demonstrates the growing demand and success of Hooters in Australia. This is the second new restaurant to open in the last six months, following the June 2011 opening in Penrith.
"We are very excited about the continued success of the Hooters brand in Australia. Our Campbelltown Hooters is a prime location, as Sydney's South West economy continues to grow rapidly; we believe we are ideally positioned to cater to this growth. There has been tremendous excitement from the community in anticipation of the store opening. We are thrilled to bring the Hooters experience to the people of Campbelltown," said Morney Schlebusch, Chief Operating Officer of Hooters Australia. "Our new joint venture partner, Chanticleer Holdings, Inc., currently owns and operates 3 other Hooters restaurants in South Africa and we look forward to sharing ideas with Chanticleer and their South African management team."
Michael Pruitt, Chief Executive Officer of Chanticleer Holdings stated, "The opening of our new location in Australia is our first JV developed restaurant with Morney's team. This marks another key milestone for our company as we continue to execute our core growth strategy of expanding the Hooters brand in emerging markets and other rapidly developing global economies. Morney and his team have done a great job of establishing the Hooters brand in Australia and we see tremendous opportunity to bring Hooters food, hospitality and entertainment to key growth markets such as Australia and South Africa."
Morney Schlebusch acquired the Hooters Australia franchise license in 2009 and has transformed the world famous brand into a major success in Australia. Mr. Schlebusch has over 20 years of experience in the food and beverage industry and continues to enhance the casual dining experience with the world famous service from the Hooters girls. All Hooters girls and kitchen staff are from the South West region, emphasizing Hooters commitment to giving back to local communities and making it truly the restaurant of the Campbelltown people. This is the first Hooters restaurant opening in Australia which is jointly owned by Mr. Schlebusch and Chanticleer Holdings. For more information please visit www.hootersaustralia.com.
About Chanticleer Holdings, Inc.
Chanticleer Holdings was formed in 2005 as a business development company and converted to an operating holding company in 2008.
In 2011, Chanticleer and a group of noteworthy private equity investors, which included H.I.G. Capital, KarpReilly, LLC and Kelly Hall, president of Texas Wings Inc., the largest Hooters franchisee in the United States, acquired Hooters of America (HOA). Today, HOA is the franchisor and operator of over 450 Hooters restaurants in 44 states and 28 foreign countries. Chanticleer currently has rights to develop and operate restaurants in South Africa and is joint venturing with the current franchisee in Australia, while evaluating several additional opportunities. In addition to Chanticleer maintaining its ownership stake in HOA, its CEO, Mike Pruitt, is also a member of HOA's Board of Directors. For further information, please visit www.chanticleerholdings.com or www.hooters.com.
Safe Harbor Statement
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statement of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contacts: Company Contact: Michael Pruitt CEO Phone: 704-366-5122 Ext: 1 Email: Email Contact Web: www.chanticleerholdings.com Investor & Media Relations: MZ Group - North America Mark McPartland SVP Phone: 646-593-7140 Email: Email Contact Web: www.mz-ir.com
Source: Chanticleer Holdings, Inc.
Released January 9, 2012