CHARLOTTE, N.C., March 14, 2006 (PRIMEZONE) -- Chanticleer Holdings, Inc. (Pink Sheets:CEEH), a Business Development Company ("BDC") announced today that is has invested two hundred fifty thousand dollars in a five million dollar private placement in Bouncing Brain Productions, LLC, which owns the Everyday Edison's television show and the new products that are chosen from the presenting inventors. For more information on the show and the team behind the company, please visit www.bouncingbrainproductions.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.
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 flings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.
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