EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA - News) today announced that the U.S. Small Business Administration (SBA) has listed Jamba Juice on its official Franchise Registry. The registry is an online listing of franchise systems whose franchisees receive expedited loan processing.
“Recognition by the SBA through the Franchise Registry is great news for us,” stated James D. White, President and Chief Executive Officer, Jamba, Inc. “A streamlined loan approval process for potential franchise owners should allow us to proceed even more assertively with our refranchise and franchise development plans.”
As previously announced on May 28, 2009, Jamba Juice plans to refranchise up to 150 company-owned stores, primarily outside of California, and has plans to add up to 50 new franchise locations by the end of 2009, primarily at non-traditional venues such as airports and schools. This franchising activity supplements the over 230 currently operating franchised stores. As a franchisor, Jamba Juice provides training, support and guidance, including its expertise and materials for, among other things, site selection, purchasing, quality control, business development, and advertising and promotions. The Company is actively developing its franchise growth strategy and believes there are potential opportunities for at least 2,700 total stores in the U.S., with traditional franchise store growth targeting multi-unit operators.
“Americans are recognizing that healthy eating, an active lifestyle, and fast food are not incompatible,” continued Mr. White, “being listed on the SBA Franchise Registry means that franchise investors looking to capitalize on the Jamba Juice business opportunity will be able to move through the process more efficiently.”
Fruit smoothies and fresh juices demonstrate how the modern-day consumer can keep up with their hectic life and grab a nutritious snack on the go. Earlier this month, the Company expanded its food and beverage offering in over 222 California locations with good-for-you grab and go food, flatbreads and fruit tea infusions. Jamba’s efforts are not going unnoticed as it was recently recognized as the number one healthy option in the quick refreshment category and placed among the top five most popular quick refreshment chains in Zagat’s 2009 Fast Food Survey.
About Jamba, Inc.
Jamba, Inc. (NASDAQ:JMBA - News) 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 healthy lifestyle food and beverage offerings, including great tasting fruit smoothies, juices, teas, hot oatmeal made with organic, steel cut oats, and baked goods. As of April 21, 2009, JAMBA JUICE had 732 locations consisting of 499 company owned and operated stores and 233 franchise stores.
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.
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