The ONE Group Announces STK to Open in Boston

STK to join new luxury retail, business and residential development Seaport Square

NEW YORK--()--The ONE Group Hospitality, Inc. (“The ONE Group”) (Nasdaq:STKS) today announced that it has signed an agreement to open an STK restaurant in Boston’s high-end Seaport Square development.

“We believe that 2016 will be a year of major growth for our brand, as we expect to be operating 40 venues by the end of the year, and will continue to execute our planned national and international expansion.”

The restaurant will operate as an STK Rebel, which maintains the unique features and energy of STK, while offering lunch and dinner at a price point targeted to a broader national and international market. Projected to open in late 2017, STK Boston will encompass approximately 8,323 square feet, including an outdoor patio.

“We are thrilled and honored to partner with WS development and be welcomed by Boston’s hottest new neighborhood, surrounded by the best in entertainment, retail and real estate,” said Jonathan Segal, CEO of The ONE Group. “We believe that 2016 will be a year of major growth for our brand, as we expect to be operating 40 venues by the end of the year, and will continue to execute our planned national and international expansion.”

Previously announced locations for new STK restaurants include Edinburgh, San Diego, Denver, Miami, Austin, Dallas, Ibiza and Toronto.

About The ONE Group

The ONE Group is a global hospitality company that develops and operates upscale, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos and other high-end venues both nationally and internationally. The ONE Group’s primary restaurant brand is STK, a modern twist on the American steakhouse concept with locations in major metropolitan cities throughout the U.S. and Europe. STK Rebel, a more accessibly priced STK with a broader menu, is an extension of the STK brand. The ONE Group’s food and beverage hospitality services business, ONE Hospitality, provides the development, management and operations for premier restaurants and turn-key food and beverage services within high-end hotels and casinos. Additional information about The ONE Group can be found at www.togrp.com.

Cautionary Statement on Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the Company’s determination to commence a rights offering, the development of a trading market for the subscription rights and the Company’s ability to complete the rights offering. In addition, a number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements, including but not limited to, (1) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, our ability to open new restaurants and food and beverage locations in current and additional markets, grow and manage growth profitably, maintain relationships with suppliers and obtain adequate supply of products and retain our key employees; (2) factors beyond our control that affect the number and timing of new restaurant openings, including weather conditions and factors under the control of landlords, contractors and regulatory and/or licensing authorities; (3) changes in applicable laws or regulations; (4) the possibility that The ONE Group may be adversely affected by other economic, business, and/or competitive factors; and (5) other risks and uncertainties indicated from time to time in our filings with the SEC, including our Annual Report on Form 10-K/A filed on April 1, 2015.

Investors are referred to the most recent reports filed with the SEC by The ONE Group Hospitality, Inc. Investors are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.

Contacts

Media:
Sloane & Company
Dan Zacchei or Kate Traynor, 212-486-9500
or
Investors:
ICR
Don Duffy or Michelle Epstein, 203-682-8200

The ONE Group Hospitality, Inc.