Chanticleer Holdings Establishes Subsidiary to Manage Value Based Investments

Company’s public investments have returned 19.92% since inception in September 2005

CHARLOTTE, N.C. – January 22, 2006 -- Chanticleer Holdings, Inc. (OTC: CEEH), a Business Development Company, today announced the creation of Chanticleer Advisors, LLC, a new wholly owned subsidiary which will manage value based investments on behalf of its clients.

The first managed investment of this new subsidiary is Chanticleer Investors, LLC, a company created for the purpose of investing in a promissory note to the late Robert Brooks, Chairman of Hooters of America (HOA) in May 2006. Upon Mr. Brooks’ passing, the note became a responsibility of Hooters of America and is secured by and contains conversion options into 2% of Hooters outstanding stock. HOA has also granted Chanticleer the right of first refusal for any additional financing into Hooters.

Additionally, the Company has also launched Chanticleer Advisors II, LLC for the purpose of investing in publicly traded value securities.  

Michael Pruitt, Chief Executive Officer of Chanticleer Holdings, Inc., commented, “Our new subsidiary demonstrates our commitment to long-term value investing in small/micro-cap companies. Both Chanticleer Advisors companies will engage in our holistic, bottom-up approach to value investing, leading to a fundamentally strong, low-turnover portfolio for our clients. We are very excited to launch Chanticleer Advisors and look forward to continuing to grow our assets under management (AUM).”

January 22, 2007 Press Release (doc file - 34 KB)

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