Chanticleer Holdings Inc. restated consolidated earnings results for the year ended December 31, 2008 and first quarter ended March 31, 2009. The company determined that available-for-sale investments were impaired at December 31, 2008 and additionally impaired at March 31, 2009, and that these impairments were other than temporary. For the year ended December 31, 2008, the company restated net loss of $2,238,613, or $2.46 loss per basic and diluted share against previously reported net loss of $1,088,588, or $1.19 loss per basic and diluted share an adjustments in net loss of $1,150,025. Net comprehensive loss was $2,238,613 against previously reported net comprehensive loss of $1,996,608 an adjustments in net comprehensive loss of $242,005. For the quarter ended March 31, 2009, the company restated net loss of $437,285, or $0.46 loss per basic and diluted share against previously reported net loss of $93,953, or $0.10 loss per basic and diluted share an adjustments in net loss of $343,332. Net comprehensive loss was $437,285 against previously reported net comprehensive loss of $132,522 an adjustments in net comprehensive loss of $304,763.

Chanticleer Holdings Inc. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net loss of $93,953. In contrast, the company posted a net loss of $161,287 for the same quarter in the previous year.

Chanticleer Holdings Inc. entered into a Business Consulting Agreement with BreezePlay, LLC. Chanticleer will leverage its strong relationships in the restaurant and financial industries to assist BreezePlay in gaining further market acceptance for its EnviroScape Energy Management and Control savings solution. Specifically, Chanticleer will introduce BreezePlay to restaurant operators for commercial application, assist in the development of a board of directors, and provide introductions to potential institutional and high net worth investors. Additionally, Chanticleer will receive a commission based on any sales from their business development activities. BreezePlay's EnviroScape Energy Management and Control system represents the next generation in climate control and resource management. The technology facilitates real-time, remote climate control via touch panels and/or the internet, removing this responsibility from on-site staff. Additionally, the technology enables real-time electricity measurement at individual sites, or across multiple locations, making it an ideal solution for restaurant owners who manage multiple locations.