SAN FRANCISCO, June 26, 2012 /PRNewswire/ -- Merriman Capital,
Inc., a wholly owned subsidiary of Merriman Holdings, Inc.
(OTCQX:MERR), announced today that it acted as co-lead and joint
book running manager for Chanticleer Holdings' $11 million follow-on offering that was
previously announced on June 21,
2012. In conjunction with the equity raise, the Company's
units began trading on the NASDAQ Capital Market under the ticker
symbol HOTRU, and the common stock under HOTR.
(Logo:
http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)
Chanticleer Holdings will use the proceeds to invest in Hooters
international franchises, pay off existing debt, and for working
capital. For more details on the equity raise and NASDAQ listing,
please visit Chanticleer Holdings' website:
http://ir.stockpr.com/chanticleerholdings/overview.
About Chanticleer Holdings, Inc.
Chanticleer Holdings (NASDAQ: HOTR, HOTRU), is a business
operator focused on expanding the Hooters casual dining restaurant
brand in international markets. Chanticleer currently has rights to
develop and operate Hooters restaurants in South Africa and has joint ventured with the
current franchisee in Australia.
The company also has franchise rights to develop Hungary and parts of Brazil while evaluating several additional
opportunities internationally.
In 2011, Chanticleer and a group of noteworthy private equity
investors, which included H.I.G. Capital, KarpReilly, LLC and
Kelly Hall, president of Texas Wings
Inc., the largest Hooters franchisee in the United States, acquired Hooters of America
(HOA), a privately held company. Today, HOA is the franchisor and
operator of over 450 Hooters restaurants in 44 states and 28
foreign countries. Chanticleer maintains a minority ownership stake
in HOA and its CEO, Mike Pruitt, is
also a member of HOA's Board of Directors. For further information,
please visit www.chanticleerholdings.com or www.hooters.com and
follow us on Twitter at @ChantHoldings or @Hooters.
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing
equity and options execution services, market making, and
differentiated research for high growth companies. The firm also
provides capital raising, advisory, and M&A services. Merriman
Capital, Inc. is a wholly owned subsidiary of Merriman Holdings,
Inc. (OTCQX: MERR) and is the leading investment banking firm for
OTCQX companies. For more information, please go to
http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member
of The Financial Industry Regulatory Authority (FINRA)
http://www.finra.org/ and the Securities Investor Protection
Corporation (SIPC) http://www.sipc.org/.
Note to Investors
This press release contains certain forward-looking
statements based on our current expectations, forecasts and
assumptions that involve risks and uncertainties. This release does
not constitute an offer to sell or a solicitation of offers to buy
any securities of the Company. Forward-looking statements in this
release are based on information available to us as of the date
hereof. Our actual results may differ materially from those stated
or implied in such forward-looking statements, due to risks and
uncertainties associated with our business, which include the risk
factors disclosed in our Form 10-K/A filed on April 30, 2012
and the Form 10-Q filed on May 15,
2012 . Forward-looking statements include statements
regarding our expectations, beliefs, intentions or strategies
regarding the future and can be identified by forward-looking words
such as "anticipate," "believe," "could," "estimate," "expect,"
"intend," "may," "should," and "would" or similar words. We assume
no obligation to update the information included in this press
release, whether as a result of new information, future events or
otherwise. The Form 10-K/A filed on April
30, 2012 and the Form 10-Q filed on May 15, 2012, together with this press release
and the financial information contained herein, are available on
our website, www.merrimanco.com. Please click on
"Investor Relations."
SOURCE Merriman Holdings, Inc.