Boone brewery publicly traded
Final terms and conditions of the $3,500,000 stock transaction have been completed.
Appalachian Mountain Brewery becoming a publicly traded craft brewery has created an overwhelming positive response from the community it serves, as well as industry professionals, according to AMB officials.
Sean Spiegelman, CEO, said, "Going public is a strategic move for Appalachian Mountain Brewery to enter into a capital raise to facilitate production of locally made North Carolina hard cider, continued expansion of its craft beer lines, adding barrel-aged sour beers and increasing capacity for canning and bottling to meet the growing demand of its award-winning craft beer."
The recent Jobs Act allows Appalachian Mountain Brewery to offer its shares to qualified investors to participate in the planned expansion adding a second location in Boone. The company is currently evaluating multiple locations which will house a live music venue, restaurant, tap room and full-scale cannery.
AMB is preparing for increased production of its craft beverage line and planned distribution, including restaurants owned and operated by Chanticleer Holdings, one of AMB's shareholders.
"Appalachian Mountain Brewery can now take advantage of funding opportunities in the public markets to expand its operation and brand of craft beers. We look forward to seeing AMB grow in a multibillion dollar market," Mike Pruitt, Chanticleer Holdings CEO, said.
Appalachian Mountain Brewery was invited and completed its registration into the world's most prestigious beer competition held every two years called the World Beer Cup 2014 in Denver, CO April 7th and 8th.
"I am proud to be a part of this exciting transition for our company as we move into canning, distribution and additional product lines. Brewing is my life and I am fortunate to live out my dream every day," said Nathan Kelischek, director of brewing operations and brewmaster and also an Appalachian State alumni.
In addition, Appalachian Mountain Brewery announces that Christopher Zieber has been appointed as head brewer and sustainability coordinator.
"I am privileged to work with Sean and Nathan on a daily basis, while we continue to build the most environmentally sustainable microbrewery in this country," Zieber said.
Appalachian Mountain Brewery, which makes craft beer, focuses its business model on sustainability, community and philanthropy. The brewery's modern equipment utilizes American Made JV Northwest Brewing Equipment, a 5kw array of solar panels to offset electricity along with a recapturing system to save water in the brew process.
In keeping with the brewery's sustainable mission to reduce, reuse and recycle, AMB has a grain exchange program whereby all spent grain is donated to local farms. AMB also has a "Pints For Non-Profits Program," whereby a portion of proceeds from each beer sold is donated to local nonprofitorganizations. AMB recently won two gold medals and won the overall categories in the 2013 United States Open Beer Championship for its Honey Badger Blonde Ale and California Common. AMB competed against breweries from around the world. More than 2,500 beers competed in 68 categories for aroma, appearance, mouth feel, flavor and overall impression.
Appalachian Mountain Brewery is certified by the NC GreenTravel Initiative, a program that recognizes state travel-related businesses that employ healthy environmental practices.
For further information, visit http://www.appalachianmountainbrewery.com, Facebook: https://www.facebook.com/appalachianmountainbrewery, Awards http://www.usopenbeer.com, Sustainability: http://portal.ncdenr.org/web/deao/ncgreentravel-attractionlist, Twitter: https://twitter.com/AMBrewery.
Chanticleer Holdings Inc.
Chanticleer Holdings (Nasdaq:HOTR) is focused on expanding the Hooters(R) casual dining restaurant brand in international emerging markets and American Roadside Burgers Inc., a Charlotte- based chain.
Chanticleer currently owns in whole or part of the exclusive franchise rights to develop and operate Hooters restaurants in South Africa, Hungary and parts of Brazil, and has joint ventured with the current Hooters franchisee in Australia.
The company currently owns and operates in whole or part of seven Hooters restaurants in its international franchise territories: Durban, Johannesburg, Cape Town and Emperor's Palace in South Africa; Campbelltown in Australia; Budapest in Hungary; and Nottingham in the United Kingdom. ARB, purchased by Chanticleer Holdings in October 2013, has a total of five casual restaurants -- one in Smithtown, N.Y., two in Charlotte, one in Columbia, S.C., and the newest location is in Greenville, S.C.
The company also owns a majority interest in JF Restaurants LLC and JF Franchising Systems, fresh food-focused casual dining established with five restaurant locations. For further information, visit http://www.chanticleerholdings.com, Facebook: http://www.Facebook.com/ChanticleerHOTR, Twitter: http://Twitter.com/ChanticleerHOTR.
For further information on Hooters of America, visit http://www.Hooters.com, Facebook: http://www.Facebook.com/Hooters, Twitter: http://Twitter.com/Hooters.