Markets
U.S. close in 4 hrs, 46 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Jamba, Inc. Announces Progress on Refranchising with Sale of Eight California Locations
Business Wire
Jamba, Inc. (NASDAQ: JMBA) announced today the sale of eight restaurants
in California to Swirl Partners, LLC, whose principals are David
Wagonfeld and Scott Maltz. This sale reflects the Company’s continuing
progress under its strategic refranchising program and builds on the
sale of 27 restaurants in 2009 to existing Jamba Juice franchise owners
in Arizona, Oregon, and California.
“With consumer trends accelerating in the demand for healthier food
options, Jamba, with our health and wellness oriented menu, represents a
powerful and attractive option for brand ownership,” commented James D.
White, president and Chief Executive Officer, Jamba, Inc. “We are
thrilled to have David and Scott join the franchise team. They both
bring tremendous business experience to the table.”
“We are excited to become the newest members of the Jamba Juice
franchise organization,” stated David Wagonfeld. “The Company has
undergone a significant transformation in the past year, especially with
the launch of their new food offerings and their upcoming launch of hot
beverages.”
“We see tremendous opportunity for growth with the Jamba brand,” added
Scott Maltz.
The overall refranchising initiative is expected to involve the
refranchising of up to 150 company-owned restaurant locations, primarily
outside of California, and with a goal to be completed by the close of
2010.
Jamba was assisted in the close of this transaction by the Praetorian
Group, franchise transaction specialists. For more information about the
Company’s refranchising initiative, contact Praetorian at 1-888-358-3325
or
wwww.praetoriangroup.net.
To learn more about franchise opportunities contact Jamba at
http://www.jambajuice.com/#/us_franchise.
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.
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.
Copyright Business Wire 2010
2010-02-03 16:01:00
COMMENTS ( 0 )