Chanticleer Holdings Retains MZ Group as Its Investor Relations Advisor
CHARLOTTE, NC -- (MARKET WIRE) -- 11/07/11 -- Chanticleer Holdings, Inc. (OTCBB: CCLR) ("Chanticleer or the Company"), an operator focused on expanding the Hooters casual dining restaurant brand in international markets, today announced the Company has retained MZ Group as its investor relations advisor.
MZ will assist CCLR with communicating its corporate, financial and investor developments to shareholders and investors, while building a strong public brand and investor base. Matthew Hayden, Mark McPartland, and the MZ Group team will be advising the Company in all facets of corporate and financial communications.
"We are delighted to partner with MZ Group to help bolster our investor relations efforts," said Michael Pruitt, chief executive officer of Chanticleer Holdings, "As we accelerate our core growth strategy of expanding the Hooters brand in emerging markets and other rapidly developing global economies, we believe MZ Group provides the global reach and an established track record of providing exemplary services. MZ's foothold and many years of experience in Brazil and Asia positions the company in key markets we are exploring for future growth. Furthermore, their strong relationships with retail and institutional investors across several continents will help us build our corporate brand and expand our shareholder base."
"Chanticleer is an exciting company with an opportunity to capitalize on the growing demand for iconic US consumer brands like Hooters, especially in rapidly emerging markets," said Matthew Hayden, chairman of MZ Group North America. "CCLR is poised to ramp development of new restaurants in markets where a growing middle class is craving affordable luxuries such as dining out. The Company's distinctive strategy of expanding the global Hooters brand to underpenetrated markets should provide very attractive returns to shareholders. CCLR will benefit from MZ's ability to deliver capital markets awareness on a global platform, gaining exposure to major investment institutions, including sell-side analysts and buy-side portfolio managers seeking high growth investment opportunities. We look forward to helping them with all aspects of their corporate communications and investor relations needs."
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.
Contacts: Company Contact: Michael Pruitt CEO 704-366-5122 Ext: 1 Email Contact Investor & Media Relations: MZ Group - North America Mark McPartland SVP Phone: (212) 301-7130 Email: Email Contact Web: www.mz-ir.com
Source: Chanticleer Holdings, Inc.
Released November 7, 2011