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Chanticleer Holdings, Inc. (HOTR) Acquires Majority Stake In Just Fresh Restaurant Chain

|Includes: Chanticleer Holdings (HOTR)

Chanticleer Holdings, focused on expanding the Hooters® casual dining restaurant brand in international emerging markets as well as its recently acquired American Roadside Burgers, today said that it has also acquired a 51 percent stake in JF Restaurants, LLC and JF Franchising Systems, LLC, owners of the Charlotte, NC-based Just Fresh Restaurant chain.

The Just Fresh restaurant chain was established in 1994 and currently operates five company-owned locations throughout North Carolina, offering fresh-squeezed juices, gourmet coffee, fresh-baked goods and made-to-order sandwiches, salads and soups. The chain's founders modeled their concept around the idea that a fresh, nutritional diet promotes good physical health and overall wellness.

"I am pleased to announce the addition of Just Fresh to our restaurant portfolio. As people continue to become more educated about the benefits of healthy eating and nutrition, we believe the popularity of this restaurant chain will continue to grow," Mike Pruitt, CEO and president of Chanticleer stated in the news release.

Utilizing its brand name, suggestive to a healthy lifestyle, and its fresh food approach and growing market appeal, Just Fresh plans to expand to reach thousands of health-conscious customers in new markets throughout the U.S. and internationally.

"The Just Fresh concept appeals to the growing demands of today's time-crunched consumers who are looking for quality, freshly prepared meals and meals on-the-go, and we look forward to building upon the success of this concept," said Pruitt. "Just Fresh's success to date stems from its ability to satisfy customers looking for a quick, healthy option for breakfast or lunch while at the same time offering an inviting gathering place for friends and families for meals, meetings or conversation."

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