Jamba Juice and SPC Group Celebrate Fifth Store Opening in South Korea
EMERYVILLE, Calif., Jun 16, 2011 (BUSINESS WIRE) -- Jamba Juice (NASDAQ: JMBA) and the SPC Group today announced the opening of their fifth Jamba Juice location in South Korea. The store opened in Seocho, a popular residential and commercial district in Seoul and home to the South Korean Supreme Court.
"The Seocho store represents the fifth Jamba Juice store to open in South Korea in the past five months," said James D. White, president, chairman, and CEO, Jamba Juice Company. "The speed at which SPC is opening stores speaks to the growing popularity of our brand."
"The Jamba brand continues to be enthusiastically received by the South Korean population," said Thibault de Chatellus, senior vice president International, Jamba Juice Company, "We are pleased with our early success in South Korea and look forward to growing and developing our brand in other international markets".
Jamba Juice plans on developing 50 to 70 traditional and non-traditional locations in 2011 and is currently awarding franchise opportunities in select markets around the globe. For more information about joining the Jamba Juice team, visit, http://jambafranchise.com.
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(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 April 19, 2011, Jamba Juice had 741 locations in the United States consisting of 434 franchise-operated stores, 307 Company-owned stores and two international 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).
About SPC Group
SPC Group, founded in 1945 has grown into a food specialty company based on baking technology and know-how accumulated over 65 years. Today, SPC operates over 4,500 stores and is actively developing franchises and its bakery business through affiliates such as Paris Croissant, BR Korea (Baskin Robbins, Dunkin' Donuts), Shany, and Samlip General Foods.SPC has grown into a global company through it affiliates SPC Logistics, SPC Capital, and local corporations in China and the United States.
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 Jamba's 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, factors discussed under the section entitled "Risk Factors" in Jamba's reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond Jamba's control. You should not place undue reliance on forward-looking statements. Jamba does not assume any obligation to update the information contained in this press release.
SOURCE: Jamba, Inc.