Chanticleer Holdings, Inc. (HOTR) Develops Diverse Geographical Base

Chanticleer Holdings is a joint owner of Hooters of America (HOA) and an independent developer of international Hooters restaurants. In spite of Chanticleer’s success in virtually every market it has entered, the company maintains a strategy of geographical diversity, protecting itself from localized economic slumps. Given the current volatility of global markets, it’s a wise move that few companies are able to implement. But the growing worldwide popularity of the Hooter’s brand has allowed Chanticleer to successfully tap markets on five continents.

First of all, Chanticleer, as a joint owner of privately held Hooters of America, shares ownership in the operation and franchising of over 412 Hooters restaurants in North America and 28 countries. In addition, Chanticleer’s CEO, Mike Pruitt, sits on HOA’s Board of Directors.
Chanticleer has also partnered with Alex Hemingway and his team to form Hungary-based Crown Restaurants to exclusively develop Hooters in Hungary, with the first location in Budapest. Hungary will also serve as a base for future expansion in Europe.
Chanticleer has a joint venture with the current exclusive Hooters franchisee in Australia to jointly develop Hooters throughout the country, with its first location in Campbelltown.

Chanticleer has four Hooters restaurants already established in South Africa, with more actively in the works.

Chanticleer has partnered with Brazil-based Wings Brasil, Ltda., to develop Hooters in exclusive territories in Rio de Janeiro, Minas Gerais, and Espirito Santo.
The company expects to grow its number of operational restaurants by 66% in 2013, with room for much more expansion after that.

For additional information on Chanticleer Holdings, visit the company’s website at www.ChanticleerHoldings.com

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