CHARLOTTE, N.C., Feb. 6, 2006 (PRIMEZONE) -- Chanticleer Holdings, Inc. (Pink Sheets:CEEH), a business development company ("BDC") focused on making value investments in both private companies and public companies with market capitalizations under $2.0 billion, announced today it has made its first investment through the open market purchase of shares of common stock of Tandy Leather Factory. Since its purchases in the fourth quarter, the price of Tandy Leather's common stock has increased 41% based on the December 31, 2005 closing price of $6.85. For a complete assessment on this investment, please visit our website www.chanticleerholdings.com.
About Chanticleer Holdings, Inc.
Chanticleer Holdings (www.chanticleerholdings.com) 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"). Accordingly, we are required to comply with a series of regulatory requirements under the 1940 Act as well as applicable exchange, state and federal rules and regulations. In addition, we have elected to be treated a regulated investment company under the Internal Revenue Code of 1986. Failure to comply with any of the laws and regulations that apply to Chanticleer Holdings could have material adverse effect on Chanticleer Holdings and its shareholders.
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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.