Jamba Juice Plans to Streamline Distribution with SYGMA Alliance
Alliance Anticipated to Provide Increased Service Capabilities to Midwest and Southeast Locations
EMERYVILLE, Calif., Feb 14, 2011 (BUSINESS WIRE) -- Jamba, Inc. (NASDAQ:JMBA) and SYGMA, a national foodservice distribution company owned by Sysco Corporation (NYSE:SYY), announced today their plans to form a supply chain distribution alliance. The proposed alliance will enable Jamba to consolidate distribution channels and achieve greater efficiencies in their supply chain as well as position Jamba for faster expansion of services into existing and new geographic locations.
"The move to SYGMA is anticipated to drive several improvements for Jamba Juice," stated Greg Schwartz, senior vice president, Supply Chain, Jamba Juice Company. "We are constantly looking for ways to reduce costs and improve our overall service while focusing on continuous quality improvement. Due to SYGMA's strong national distribution network, particularly to non-traditional outlets such as airports, universities, and malls, we expect that our alliance will not only help us achieve those goals, but also positions us well to drive additional growth."
SYGMA has a robust reporting system to enable faster processing and management of orders. Their relationship with Sysco, the parent company, also provides them access to highly efficient freight and logistics technology which assures delivery of the right product at the right place, at the right pace, all at the right price while providing significant quality assurance and increasing overall customer satisfaction.
In anticipation of formalizing their relationship, SYGMA has started servicing Jamba's 53 Midwest region locations and has plans to begin service to Jamba's 27 Southeast region locations in late February.
About Jamba, Inc.
Jamba, Inc. (NASDAQ: JMBA) is a holding company which through its wholly-owned subsidiary, Jamba Juice Company, owns and franchises JAMBA JUICE(R) 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(TM), and a variety of baked goods and snacks. As of December 28, 2010, Jamba Juice had 743 locations consisting of 351 company-owned and operated stores and 392 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).
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates 180 distribution facilities serving approximately 400,000 customers. For the fiscal year 2010 that ended July 3, 2010 the company generated more than $37 billion in sales. For more information about Sysco visit the company's Internet page at www.sysco.com.
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 projections 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, the possibility that the parties may not reach agreement with respect to the final terms of a definitive agreement relating the proposed arrangements described above as well as the other factors 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.
SOURCE: Jamba, Inc.