Chanticleer Holdings Announces New Board Member
CHARLOTTE, NC -- (Marketwire) -- 01/14/13 -- Chanticleer Holdings,
Inc. (NASDAQ: HOTR) ("Chanticleer Holdings" or the "Company"), a
minority owner in the privately-held parent company of the Hooters(R)
brand, Hooters of America ("HOA"), and a franchisee of international
Hooters restaurants, announced today the election of Russell
("Rusty") Page to the Company's Board of Directors, effective January
11, 2013. Mr. Page was unanimously voted into the position by the
Company's Board of Directors to fill the vacancy created by Brian
Corbman's previous resignation.
Mr. Page is a thirty-five year investor relations executive and is
currently the founder and principal of Rusty Page & Company, a unique
equity marketing/investor relations consulting firm. He also
currently sits on the Board of Directors of The Diamond Hill
Financial Trends Fund. Mr. Page previously served as Senior Managing
Director of The NASDAQ Stock Market, as well as Senior Vice President
and Equity Marketing Executive for NationsBank Corporation, the
predecessor of Bank of America.
Mr. Page has not yet been appointed to any Board Committee.
About Chanticleer Holdings, Inc.
Chanticleer Holdings is focused on
expanding the Hooters(R) casual dining restaurant brand in
international emerging markets. Chanticleer currently owns in whole
or part of the exclusive franchise rights to develop and operate
Hooters restaurants in South Africa, Hungary and parts of Brazil, and
has joint ventured with the current Hooters franchisee in Australia,
while evaluating several additional international opportunities. The
Company currently owns and operates in whole or part of six Hooters
restaurants in its international franchise territories: Durban,
Johannesburg, Cape Town and Emperor's Palace in South Africa;
Campbelltown in Australia; and Budapest in Hungary.
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), a privately
held company. Today, HOA is an operator and the franchisor of over
430 Hooters(R) restaurants in 28 countries. Chanticleer maintains a
minority ownership stake in HOA and 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 and follow us on
Twitter at @ChantHoldings or @Hooters.
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. Many factors could cause our actual activities or
results to differ materially from the activities and results
anticipated in forward-looking statements. These factors include
those described in the companies' filings 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.
V.P. Investor Relations
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