BOONE, N.C., Dec. 19, 2013 (GLOBE NEWSWIRE) -- Appalachian Mountain Brewery ("AMB"), is pleased to announce, effective immediately, it has closed the acquisition of North Carolina Natural Energy, Inc, (OTC:NCNE), a publicly traded Florida Corporation. Appalachian Mountain Brewery will continue to trade under (OTC:NCNE) until its name and symbol change become effective. 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. Sean Spiegelman, CEO states, "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, NC. 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 (Nasdaq:HOTR). One of AMB's shareholders, Chanticleer Holdings CEO, Mike Pruitt states, "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 multi-billion dollar market."
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. Appalachian Mountain Brewery is proud to be located adjacent to Appalachian State University which has been a dominant force in the Southern Conference for more than 40 years. On July 1, 2014, the university will move to the Sun Belt Conference – one of 10 conferences that are members of the Division 1 Football Bowl Subdivision (FBS). As a community driven entertainment venue, Appalachian Mountain Brewery will see increased benefit as more and more dedicated fans pour into Boone, NC to cheer on ASU. Other large food and beverage chains are moving into the area preparing for the university's move up into Division 1 football.
"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," stated Appalachian State alumni, Nathan Kelischek, Director of Brewing Operations and Brewmaster. Appalachian Mountain Brewery is proud to announce 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," stated Zieber.
About Appalachian Mountain Brewery, LLC
Appalachian Mountain Brewery, the Official Brewery of the Appalachian Mountains, not only makes seriously delicious craft beer, but focuses its business model on sustainability, community, and philanthropy. The company offers a unique experience through community stewardship and environmental sustainability as a core part of the business. 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 non-profit organizations. 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 the biggest and best breweries from around the world where over 2,500 beers competed in 68 categories for aroma, appearance, mouth feel, flavor and overall impression. Appalachian Mountain Brewery, located at 3,333 feet elevation atop the Appalachian Mountain Range in Boone, NC, is certified by the NC GreenTravel Initiative, a program that recognizes state travel-related businesses that employ healthy environmental practices. AMB is within minutes of world-class destinations such as Grandfather Mountain, Tweetsie Railroad, Beech Mountain, Sugar Mountain, Appalachian Ski Resorts and the three-time National Football Champions Appalachian State University.
For further information, please visit: www.appalachianmountainbrewery.com
About Chanticleer Holdings, Inc.
Chanticleer Holdings (Nasdaq:HOTR) is focused on expanding the Hooters® casual dining restaurant brand in international emerging markets and American Roadside Burgers Inc ("ARB"), a Charlotte, N.C. 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, while evaluating several additional international opportunities. 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 on October 1, 2013, has a total of 5 casual restaurants -- 1 location in Smithtown, N.Y., 2 locations in Charlotte, N.C., 1 location 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 5 restaurant locations.
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements 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. We undertake no obligation to update such statements to reflect subsequent events.
CONTACT: Sean Spiegelman, CEO (828) 263-1111Source:North Carolina Natural Energy, Inc.