Chanticleer Holdings Inc was organized on October 21, 1999 under the laws of the State of Delaware. It is in the business of owning and operating fast casual dining concepts, including Hooters franchises and other fast casual restaurant and bar concepts domestically and internationally. The Company is organized into one business segment of restaurant ownership and management. It provide its services in United States, South Africa, Australia, Brazil and Europe. It operates Hooters franchises internationally and several restaurant and bar concepts domestically. It competes with other restaurants on the taste, quality and price of its food offerings. Additionally, it competes with other restaurants on service, ambience, location, and overall customer experience. The Company either own or have a license to use the 'Hooters' mark and certain other service marks and trademarks used in its Hooters restaurants. The Company is subject to numerous federal, state and local governmental regulations, including those relating to the preparation and sale of food and alcoholic beverages, sanitation, public health, fire codes, zoning, and building requirements.