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Chanticleer Holdings, Inc. (HOTR) Acquires Majority Stake of Just Fresh(R)

Chanticleer Holdings told investors this afternoon that it now maintains majority ownership of Just Fresh Restaurant chain. Earlier this week Chanticleer executed its Assignment, Assumption, Joinder and Amendment Agreements with JF Restaurants, LLC and JF Franchising Systems, LLC, owners of the Charlotte-based Just Fresh Restaurant chain. With the finalization of this transaction, Chanticleer now holds 51% preferred membership interest in both entities.

In addition to completing the acquisition, the company executed an Assignment Agreement with a current owner, increasing its preferred membership interest in JF Restaurants, LLC and JF Franchising Systems, LLC by 5% to 56%.

The Just Fresh restaurant chain operates 5 company-owned locations throughout North Carolina, offering fresh-squeezed juices, gourmet coffee, fresh-baked goods and premium-quality, made-to-order sandwiches, salads and soups. Just Fresh believes a fresher, more nutritional diet can have positive effects on physical health and overall wellness. Chanticleer and Just Fresh management teams plan to expand in the fast-growing restaurant segment of healthy foods by reaching out to thousands of customers in new markets domestically and internationally.

Mike Pruitt, Chairman and Chief Executive Officer, commented, “We are excited to have completed the acquisition of Just Fresh and to have an opportunity to increase our interest in JF Restaurants. We have developed an expansion model that will enable us to grow the brand organically and consider franchising opportunities in both domestic and international markets.”

For more information on Chanticleer, visit www.chanticleerholdings.com

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