Chanticleer Holdings' BGR the Burger Joint Signs Lease on 11th Corporate Owned Location in Fairfax, VA
CHARLOTTE, NC -- (Marketwired) -- 01/20/16 -- Chanticleer Holdings, Inc. (NASDAQ: HOTR) (Chanticleer Holdings, or the "Company"), owner and operator of multiple restaurant brands internationally and domestically, today announced that the Company has signed a lease in Fairfax, VA in the Mosaic District to open its eleventh corporate-owned BGR the Burger Joint ("BGR") location. With the new construction project the Company anticipates a Q4 2016 opening.
Mosaic District is an urban district with a hand-selected mix of DC's top independent fashion boutiques, inspired culinary options, healthy grocers, the Angelika Film Center (an art house cinema), and premier national retailers.
"Thanks to our strong consumer following, BGR continues to grow in the DC marketplace by opening in dynamic real estate locations. Mosaic District is an already existing multi-draw center with high end regional and national tenants and will be a perfect fit for BGR. Located off the I-495/Rt 29 corridor, Mosaic District is 5 miles north of our Springfield Town Center location that opened in November 2015 and has been exceeding our sales forecasts. We look to continue that momentum with the Mosaic District location," stated Nate Ripley, President of BGR the Burger Joint.
About Chanticleer Holdings, Inc
Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), together with its subsidiaries, owns and operates restaurant brands in the United States and internationally. The Company is a franchisee owner of Hooters® restaurants in international markets including Australia, South Africa, and Europe, and two Hooters restaurants in the United States. The Company also owns and operates American Burger Co., BGR the Burger Joint, BT's Burger Joint, Little Big Burger, and owns a majority interest in Just Fresh restaurants in the U.S.
For further information, please visit www.chanticleerholdings.com
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. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or required licenses, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time 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.
Chanticleer Holdings, Inc.
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Source: Chanticleer Holdings, Inc.
Released January 20, 2016