CHARLOTTE, N.C., April 5, 2010 (GLOBE NEWSWIRE) -- Chanticleer Holdings, Inc., (OTCBB:CCLR) today announced that Rusty Page has joined Chanticleer as a senior advisor, and the formation of a partnership between Chanticleer Holdings and Rusty Page & Company, a strategic equity marketing consulting firm. The partnership will operate under Rusty Page & Company and will be located in Chanticleer Holdings offices in Charlotte.
Principles in the partnership are Mike Pruitt, Founder and CEO Chanticleer Holdings Inc., and Page, founder of Rusty Page & Company, an equity marketing consulting firm he founded in 1996. Together, the two partners have a combined 48 years in the securities and investment management industry.
Pruitt founded Chanticleer Holdings, the parent operating and private equity company in 2005. Chanticleer Advisors, the asset management subsidiary, manages four private investment funds. Investors ll, LLC is an open-end private investment fund specializing in small and micro-cap stocks with a value investment discipline. It recently completed its third year of operation for the Investors ll Fund and released its performance to investors and is currently open for new investors. The fund is managed by Pruitt, Joe Koster and Matt Miller. The three other funds are closed end, fully funded equity funds that are invested in operating companies. In total, Chanticleer Advisors manages $10 million.
Page was formerly the equity marketing executive for NationsBank, the predecessor of Bank of America. After leaving NationsBank in 1996, Page joined The Nasdaq Stock Market as Senior Managing Director, responsible for Global Sales and Member Services. Since leaving Nasdaq, Page has provided small, medium and large cap companies investor relations, merger and acquisition, and capital formation consultation services.
Pruitt stated, "We have created this partnership to provide emerging growth companies consulting services that capitalize on our experience in the financial markets. We know intimately the small and micro-cap space that we believe need consulting services as they face the decisions confronting executive management in formulating their immediate and longer-term plans. We invest in only undervalued small and micro cap companies and we have become known for our expertise in that segment of the market." He continued, "With Rusty's three decades of experience in investor relations and the equities market, and Chanticleer's focus and expertise in the small and micro-cap area, we can bring to our client companies research and valuation services, and provide guidance in developing investor relations capabilities to help them transform the economic value they create into market value, thus helping the company to have access to lower cost capital."
Chanticleer Holdings, Inc. is a publicly traded holding company, headquartered in Charlotte, N.C. It operates two wholly-owned subsidiaries: Chanticleer Advisors, the investment management arm, and Avenel Ventures, LLC, a consulting firm. Additionally the company owns several minority investments in private companies, including a convertible note in Hooters of America, Inc. Chanticleer Holdings Inc., and was converted to an operating company in 2008. For further information, please visit http://www.chanticleerholdings.com.
The Chanticleer Holdings, Inc. logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=2295