CHARLOTTE, N.C., March 07, 2018 (GLOBE NEWSWIRE) — Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands in the U.S. and abroad, today announced that its wholly owned subsidiary BGR Operations, LLC. has repurchased the Annapolis Burgers Grilled Right (“BGR”) location, making it now a corporate owned store.
Rich Adams, President American Roadside Burgers Inc. commented, “We’re pleased to announce the acquisition of this successful BGR location, adding it to our portfolio of stores in the DC area. The store will now be managed by Robert King who oversees all our other BGR stores, with the store revenues now being recognized in our own financial results. This transaction comes on the heels of the recent reimaging of our Tyson’s Mall and original Bethesda locations, illustrating our continuing commitment to the BGR brand.”
Adams continued, “We’d like to personally thank franchisee David Person and his family for making this opportunity possible and for all of their past positive contributions. Together, we are committed to make this a seamless transition with all current staff remaining in place.”
Chanticleer Holdings portfolio includes 21 domestic BGR locations and 2 international. BGR is a culinary-driven concept that’s simply a better burger experience. Regionally rooted and nationally acclaimed, BGR uses only the finest products to craft one-of-a-kind burgers alongside all-star sides and shakes. For more information, please visit: https://www.bgrtheburgerjoint.com/
About Chanticleer Holdings, Inc.
Headquartered in Charlotte, NC, Chanticleer Holdings (Traded on Nasdaq under “BURG”), owns, operates, and franchises fast, casual, and full-service restaurant brands, including American Burger Company, BGR – Burgers Grilled Right, Little Big Burger, Just Fresh, and Hooters. For more information, please visit: http://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.