Published: July 29, 2010
Jamba Juice Announces Additional Progress on Refranchising Initiative
EMERYVILLE, Calif. - (BUSINESS WIRE) - Jamba, Inc, (NASDAQ:JMBA) today announced the sale of 25 restaurants in
Washington to existing franchisee, Prudence Swann, principal of PB
Swann, LLC. The agreement includes a commitment to further expand the
Jamba Juice brand by developing two additional stores in the Seattle
market.
"With the choices in restaurant franchises available for investment, we
are thrilled that PB Swann, one of our existing franchise operators, has
chosen to expand her relationship with us. Prudence is a first class
operator and her investment speaks to her belief in the strength and
growth potential of the Jamba brand," said Thibault de Chatellus, Senior
Vice President, Global Franchise and Development, Jamba Juice Company.
"The completion of the sale of 81 restaurants is a huge accomplishment
for our Company. Our team has been working hard on this initiative and
it's clearly paying off. We fully expect to have the refranchising
initiative completed by the close of 2010," said James D. White,
Chairman, President and CEO, Jamba, Inc.
Jamba Juice expects to add up to 50 new domestic franchise locations in
2010. This recent franchise development activity reflects the
accelerated growth of the Company and supplements the 287 currently
operating franchise stores.
The Company is committed to strategically growing the Jamba brand and
refranchising is one component of a broader plan for achieving that
goal. To learn more about franchise opportunities contact Jamba at http://www.jambajuice.com/#/us_franchise.
For information on the Company's refranchising initiative, contact The
Praetorian Group at 1-888-358-3325 or visit their website at www.praetoriangroup.net
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 April 20, 2010, Jamba
Juice had 745 locations consisting of 458 company-owned and operated
stores and 287 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 (473-7848).
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
ICR
Don Duffy, 203-682-8200
investors@jambajuice.com
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