Chanticleer Holdings Completes Acquisition of Just Fresh(R)

Chanticleer Holdings Completes Acquisition of Just Fresh(R) 
Company Increases Stake in Just Fresh Restaurant Chain From 51% to
CHARLOTTE, NC  -- (Marketwired) -- 12/12/13 --  Chanticleer Holdings,
Inc. (NASDAQ: HOTR) (Chanticleer Holdings, or the "Company"),
headquartered in Charlotte, North Carolina, announced today that the
Company has completed its acquisition of a majority stake in Just
Fresh Restaurant chain. On December 10, 2013, Chanticleer executed
its Assignment, Assumption, Joinder and Amendment Agreements with JF
Restaurants, LLC and JF Franchising Systems, LLC, owners of the
Charlotte-based Just Fresh Restaurant chain. This transaction
finalized the acquisition of a 51% preferred membership interest in
both entities. 
In addition to completing the acquisition, the Company executed an
Assignment Agreement with a current owner, increasing its preferred
membership interest in JF Restaurants, LLC and JF Franchising
Systems, LLC by 5% to 56%.  
First opened in 1994, the Just Fresh restaurant chain now operates 5
company-owned locations throughout North Carolina, offering
fresh-squeezed juices, gourmet coffee, fresh-baked goods and
premium-quality, made-to-order sandwiches, salads and soups. The
Company believes in Just Fresh's concept that a fresher, more
nutritional diet can have positive effects on physical health and
overall wellness. Together, both management teams plan to expand in
this fast growing market segment, by reaching out to thousands of
customers in new markets domestically and internationally. 
Mike Pruitt, Chairman and Chief Executive Officer, commented, "We are
excited to have completed the acquisition of Just Fresh and to have
an opportunity to increase our interest in JF Restaurants. We have
developed an expansion model that will enable us to grow the brand
organically and consider franchising opportunities in both domestic
and international markets." 
About Chanticleer Holdings, Inc
Chanticleer Holdings (NASDAQ: HOTR) is focused on expanding the
Hooters® casual dining restaurant brand in international emerging
markets and American Roadside Burgers Inc ("ARB"), a Charlotte, N.C.
based chain. 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 eight Hooters restaurants in
its international franchise territories: Pretoria, Durban,
Johannesburg, Cape Town and Emperor's Palace in South Africa;
Campbelltown in Australia; Budapest in Hungary; and Nottingham in the
United Kingdom. ARB, purchased by Chanticleer Holdings on October 1,
2013, has a total of 5 casual restaurants -- 1 location in Smithtown,
N.Y., 2 locations in Charlotte, N.C., 1 location in Columbia, S.C.,
and the newest location is in Greenville, S.C. The Company also owns
a majority interest in JF Restaurants, LLC and JF Franchising
Systems, LLC, a fresh food-focused casual dining establishment with 5
restaurant locations. 
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Forward-Looking Statements:
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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
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Press Information:
Chanticleer Holdings, Inc.
Mike Pruitt
Phone: 704.366.5122 x 1
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