Sales of Hooter's Restaurants completed

ATLANTA,( Hospitality Business News) Jan. 24, 2011  -- Today, Hooters of America, Inc. "HOA" announced the completion of a transaction which transfers ownership of the company from the estate of Robert H. Brooks who passed in 2006 into the hands of a consortium of private investors, including Chanticleer Holdings, Inc. (OTC Bulletin Board: CCLR) "Chanticleer".  Simultaneous with this transaction the investor group will also acquire Texas Wings, Inc., the largest franchisee of HOA.  The two businesses will come together to strengthen the Hooters brand worldwide.

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