Key Developments For Jamba, Inc.
Jamba, Inc. (JMBA.O) (Consolidated Issue listed on NASDAQ Global Market)
Jamba, Inc. Comments On FY 2010 EBITDA and Comparable Store Sales Guidance
Jamba, Inc. announced that for fiscal 2010, it expects to deliver positive comparable store sales and consolidated EBITDA of 5%-7%.
Jamba, Inc. Announces Sale Of Resturants To Four Life Foods, LLC
Jamba, Inc. announced the sale of eight restaurants in California to Four Life Foods, LLC. With the acquisition of these restaurants, the Olds now own and operate nine California Jamba Juice locations. This sale reflects the Company`s continuing progress under its strategic refranchising program.
Jamba, Inc. Launches Jamba Juice Holiday Gift Card Pack
Jamba, Inc. announced another win in their brand expansion plans, as its wholly owned subsidiary, Jamba Juice Company, entered into an agreement with Costco Wholesale Corporation (Costco) for an exclusive promotion of Jamba Juice Gift Cards.
Jamba, Inc. Anounces Licensing Agreement With The Inventure Group
Jamba, Inc. announced that its wholly owned subsidiary, Jamba Juice Company, has entered into a license agreement with The Inventure Group to develop a line of a blend-and-serve, frozen fruit smoothie kits for retail grocery distribution. This license agreement builds upon the existing licensing agreements signed with Nestl in 2007 and Think Wow Toys and Oregon Ice Cream in 2009, to create health and wellness-oriented, Jamba-branded retail products.
Jamba, Inc. Announces Multi-Unit Restaurant Sale as Part of Broader Refranchising Strategy
Jamba, Inc. announced the sale of nine restaurants as part of its ongoing strategic refranchising program that was announced May 28, 2009. The overall refranchising initiative is expected to involve about 150 Company-owned restaurant locations primarily outside of California. The Company completed the sale of nine restaurants in Oregon to The Cinnamon Bums, Inc. (TCBI), an existing Jamba Juice franchisee currently operating nine other Jamba Juice restaurants in the Northwest region. With the purchase of these additional restaurant outlets in Oregon, TCBI principals, John Whittaker and Steve Foltz, now own 18 Jamba Juice restaurant locations and have committed to building three new Jamba Juice restaurants in the Oregon market.
