JAMBA JUICE PURCHASES TEN CENTRAL CALIFORNIA FRANCHISE STORES
San Francisco, CA, (April 23, 2007) - Jamba Juice® is getting back to its roots. The category-defining leader in blended smoothies, juices and good-for-you-snacks, has announced the purchase of ten central California coast stores from franchisee Four Life Foods, LLC, owned by Jamba Juice Cofounders Linda Olds and Joe Vergara. Among these ten stores is the original Jamba Juice location, opened in 1990 in San Luis Obispo, California.
This acquisition is consistent with two of Jamba's long-term growth strategies - leveraging its existing infrastructure and company-owned and operated Jamba locations. To date, approximately 65% of the company's 616 store locations are company-owned with plans to open a total of 90 in 2007.
"Linda Olds and Joe Vergara of Four Life Foods were a part of the vision that created Jamba Juice. Their commitment to supporting healthy lifestyles and their passion for creating a highly respected brand is why Jamba is a leader today," said Jamba CEO Paul Clayton. "We will continue to seek their valued input as we build Jamba into a global brand."
ABOUT JAMBA JUICE
Jamba, Inc. is a holding company and through its subsidiary Jamba Juice Company, owns and franchises JAMBA JUICE(R) stores. Founded in 1990, JAMBA JUICE(R) is the category-defining leader in healthy blended beverages, juices, and good-for-you snacks. Today, JAMBA JUICE(R) has more than 600 stores, of which more than 375 are company-owned and operated. For the nearest location or a complete menu including new All Fruit(TM) smoothies, please call: 1-866-4R-FRUIT or visit the JAMBA JUICE(R) website at http://www.jambajuice.com.
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