BOONE, N.C., Feb. 10, 2017 (GLOBE NEWSWIRE) -- Appalachian Mountain Brewery, Inc. (“AMB”) (OTC:HOPS) amends its By-Laws to allow “up to” 3 independent board directors and has appointed Michael Pruitt, CEO and Chair of Chanticleer Holdings, Inc. as an independent non-executive director to the company’s board. Michael Pruitt, a long-time entrepreneur with a proven track record, possesses the expertise to evaluate potential investments, form key relationships and recognize a strong management team. Michael Pruitt founded Avenel Financial Group, a boutique financial services firm concentrating on emerging technology company investments, in 1999. In 2001, he formed Avenel Ventures, a technology investment and private venture capital firm. In February 2005, Mr. Pruitt formed Chanticleer Holdings, Inc., which commenced operations in June 2005 with him as Chairman of the Board of Directors and President, roles he continues to serve today. In January 2011, Mr. Pruitt became a director of the board of Hooters of America, LLC. Mr. Pruitt received a Bachelor of Arts degree from Coastal Carolina University in Conway, South Carolina, where he sits on the Board of Visitors of the E. Craig Wall Sr. College of Business Administration, the Coastal Education Foundation Board, and the Athletic Committee of the Board of Trustees.
Commenting on his appointment, AMB chair Sean Spiegelman said: “I am delighted that a person of Michael’s accomplishments and integrity is joining our Board. His exemplary business and governance skills, together with his international experience, will greatly benefit the Company’s Board and will support the long-term vision and strategic initiatives as well as provide improved corporate governance. We are very much looking forward to him joining our Board and together we will appoint the third independent candidate to serve on the board.”
About Appalachian Mountain Brewery, Inc.
Comprised of two wholly-owned subsidiaries, its craft beer business “Appalachian Mountain Brewery, LLC” is dedicated to making seriously delicious craft beer while focusing its business model on community, sustainability and philanthropy. Winner of numerous medals and awards, the Brewery brews and offers for sale many different craft beers. Its wholly-owned subsidiary “FarmToFlame, LLC” operates a food truck that features a unique wood fired oven in the truck, providing our customers with a casual dining experience that balances innovation and sustainability. Appalachian Mountain Cidery makes a hard cider using third generation locally grown North Carolina apples. Both subsidiaries have received the prestigious official certification by ASAP (Appalachian Sustainable Agriculture Project) for Western North Carolina grown and produced products.
