Chanticleer Holdings Says Close to Hiring Replacement CFO for South African Units

Chanticleer Holdings, Inc. HOTR ("Chanticleer Holdings" or the "Company"), a minority owner in the privately-held parent company of the Hooters(R) brand, Hooters of America ("HOA"), and a franchisee of international Hooters restaurants, announced today it has engaged the audit firm RSM Betty & Dickson (Cape Town) to complete the audit of the Company's South African subsidiaries' statements for the period ending December 31, 2011 and the review of its financial statements for the three month periods ending March 31, 2012 and June 30, 2012.