CHARLOTTE, N.C., Nov. 14, 2006 (PRIMEZONE) -- Chanticleer Holdings, Inc. (OTCBB:CEEH) today announced that the Company's securities have been approved by the National Association of Securities Dealers for trading on the over-the-counter Bulletin Board (OTCBB). Effective immediately, the Company's shares have begun trading on the over-the-counter Bulletin Board under ticker symbol "CEEH."
Michael Pruitt, Chief Executive Officer of Chanticleer Holdings, Inc., stated, "The approval to trade on the Bulletin Board is the first step in attracting new institutional investors and increasing the marketability of our securities. Our status as a fully reporting company qualified us for expedited listing on the Bulletin Board, which offers increased liquidity, easier access to stock quotes, and more market transparency. We believe that our recent corporate actions and our current holdings put the Company in a position to deliver long term shareholder value."
About Chanticleer Holdings, Inc.
Chanticleer Holdings is a closed-end investment company that invests in value based opportunities that are either privately held or considered small or micro cap publicly traded companies. Chanticleer's investment objective is to generate both current income and long term capital appreciation through debt and equity investments. Chanticleer Holdings, Inc. has elected to be treated as a business development company under the Investment Company Act of 1940 ("1940 Act").
For more information about Chanticleer Holdings, please visit www.chanticleerholdings.com.
The Chanticleer Holdings, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2295
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statement of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.