The ONE Group Announces Expansion to the Lone Star State with Plans to Open in Austin and Dallas

The ONE Group Hospitality, Inc. ("The ONE Group") STKS today announced that it has completed an agreement with nationally recognized commercial real estate investment group World Class Capital Group to open an STK Rebel in Austin and an STK in Dallas—marking the Company's first locations in Texas. Both restaurants are projected to open in 2016, and The ONE Group will provide additional detail regarding timing in the near future. STK is a modern twist on the American steakhouse concept with locations in major metropolitan cities throughout the U.S. and Europe. STK Rebel maintains the unique features and energy of STK, and offers a menu and price point targeted to a broader national and international market. "Texas is a one-of-a-kind state, and we couldn't be more thrilled to bring the one-of-a-kind STK experience there. Austin and Dallas are both booming cities, and particularly given the prime locations with indoor and rooftop space we have secured, we're extremely excited about entering these markets," said Jonathan Segal, CEO of The ONE Group. "We remain focused on our goal to expand the STK Restaurants brand and execute on our growth strategy, and are confident Austin and Dallas are ideal choices to help us do so." STK Rebel Austin will consist of a 7,000 square foot restaurant and 4,000 square foot rooftop deck at 305 East 3rd Street in Downtown Austin, the cultural and economic center for the MSA (Metropolitan Statistical Area). In 2015, Austin was ranked second on the Forbes' list of America's Fastest-Growing Cities, propelled by strong population growth and low unemployment levels. STK Dallas will be located at 1899 McKinney Avenue, in the heart of Uptown, one of the trendiest and hippest dining neighborhoods in the city. The venue will boast more than 14,000 square feet and will include a patio and 6,500 square foot rooftop restaurant/lounge. Notably, The ONE Group recently signed an agreement with BankUnited, N.A. for a second term loan in the aggregate principal amount of up to $6 million dollars to help facilitate the continued growth of the Company. This announcement follows the news of STK Milan's opening in May and the planned upcoming openings of STK Orlando, STK Chicago and STK Rebel Denver later in 2015.