Published:
Jamba Accelerating Brand Expansion Plans with Announcement of Licensing Agreement with Headline Entertainment
EMERYVILLE, Calif. - (BUSINESS WIRE) - Jamba, Inc. (NASDAQ: JMBA) today announced continued progress in their
brand expansion plans, as its wholly-owned subsidiary, Jamba Juice
Company, entered into a license agreement with Headline Entertainment to
develop a line of Jamba inspired apparel.
"We've been looking for new innovative ways to expand our brand and be
even more relevant to our customers. Adding an apparel line extends the
Jamba brand into yet another new category, and reinforces our position
as an active, lifestyle brand," said Susan Shields, Vice President,
Consumer Products and Licensing, Jamba Juice Company. "We feel that
Headline Entertainment's experience in the apparel sector as well as the
creativity behind their products will produce a fun, vibrant apparel
line."
The licensing agreement with Headline Entertainment will involve the
introduction of a line of apparel to be sold to mass, specialty, and
upscale retailers as well as online. Some select items will also be sold
in Jamba Juice store locations.
"Extending Jamba's brand through an apparel line is an exciting
opportunity for our company," said Mike Taylor, President, Headline
Entertainment. "We look forward to working with the Jamba team to come
up with a collection geared especially towards their customers."
Since announcing their intent to build a licensing growth platform as
part of the 2009 BLEND plan, the blueprint for the Company's strategic
priorities, Jamba has made significant progress in developing licensing
alliances to launch new products. The Company's Jamba-branded toy
blender, developed through its relationship with Think Wow Toys, is
expected to hit retail shelves in mid-November. It expects its' frozen
novelty products, and frozen smoothie kits, developed through its
relationship with Oregon Ice Cream and The Inventure Group,
respectively, to launch in retail in early 2010. The Company is
exploring a number of other opportunities to extend the Jamba brand.
About Jamba, Inc.
Jamba, Inc. (NASDAQ: JMBA) is a holding company and through its
wholly-owned subsidiary, Jamba Juice Company, owns and franchises JAMBA
JUICE stores. Founded in 1990, Jamba Juice is a leading restaurant
retailer of better-for-you food and beverage offerings, including great
tasting fruit smoothies, juices, and teas, hot oatmeal made with organic
steel cut oats, wraps, salads, sandwiches, and California Flatbreads ,
and a variety of baked goods and snacks. As of October 6, 2009, Jamba
Juice had 742 locations consisting of 488 company- owned and operated
stores and 254 franchise stores. For the nearest location or a complete
menu, visit the Jamba Juice website at www.jambajuice.com
or call 1-866-4R-FRUIT.
About Headline Entertainment
Headline Entertainment was formed in September 1999 and is owned by Mike
Taylor and Carl Walter. Headline produces and sells licensed apparel and
related products and also manages an extensive production, sales, and
distribution program for a variety of high profile companies including
Signatures Network and Hot Topic. Headline also manages production
programs for select retailers and direct distribution to the customer
for select catalog and online retailers. Headline has targeted
appropriate distribution opportunities as a key element of its future
growth and investment strategy. Please visit our website for more
information www.headlineentertainment.net.
Forward-looking Statements
This press release (including information incorporated or deemed
incorporated by reference herein) contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are those involving future events and
future results that are based on current expectations, estimates,
forecasts, and projects as well as the current beliefs and assumptions
of our management. Words such as "outlook" , "believes" , "expects" ,
"appears" , "may" , "will" , "should" , "anticipates" , or the negative
thereof or comparable terminology, are intended to identify such forward
looking statements. Any statement that is not a historical fact,
including estimates, projections, future trends and the outcome of
events that have not yet occurred, is a forward-looking statement.
Forward-looking statements are only predictions and are subject to
risks, uncertainties and assumptions that are difficult to predict.
Therefore actual results may differ materially and adversely from those
expressed in any forward-looking statements. Factors that might cause or
contribute to such differences include, but are not limited to, those
discussed under the section entitled "Risk Factors" in our reports filed
with the SEC. Many of such factors relate to events and circumstances
that are beyond our control. You should not place undue reliance on
forward-looking statements. The Company does not assume any obligation
to update the information contained in this press release.
For Jamba, Inc.
Don Duffy, 203-682-8200
Janice Duis,
510-596-0286
investors@jambajuice.com
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