Jamba and SYGMA Extend Distribution Alliance to New Territories
Expanded Business Relationship Positions Jamba for Accelerated Growth
EMERYVILLE, Calif.--(BUSINESS WIRE)--Dec. 28, 2011-- Jamba, Inc. (NASDAQ:JMBA) and SYGMA, a national foodservice distribution company owned by Sysco Corporation (NYSE:SYY), announced plans today to expand their supply chain distribution alliance to include the Colorado and Texas markets.
“Based on the outstanding results of our initial business relationship, we have decided to expand our existing program to include broader coverage into new territories,” stated Greg Schwartz, senior vice president, Supply Chain, Jamba Juice Company. “SYGMA now services a significant number of Jamba locations nationwide. They’ve become a great partner, who is helping us achieve our supply chain efficiency goals and positioning us well to drive additional product expansion and geographic growth. Ability to access Sysco’s entire network of resources has proven beneficial in further extending our international capabilities, enhancing our reporting effectiveness and giving us great access to servicing non-traditional venues. This opens the door to accelerated growth as we look to the future and our anticipated expansion plans.”
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.
About Jamba, Inc.
Jamba, Inc. is a holding company which owns and franchises, on a global basis, Jamba Juice stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you beverage and food offerings, which include great tasting fruit smoothies, fresh juices and teas, hot oatmeal made with organic steel cut oats, fruit and veggie smoothies, Whirl’ns™ Frozen Yogurt, breakfast wraps, salads, sandwiches, California Flatbreads™, and a variety of baked goods and snacks. As of October 4, 2011, there were 752 locations in the United States consisting of 310 Company-owned and operated stores and 442 franchise-operated stores. In addition, at October 4, 2011 there were 10 international stores.
Sysco, the parent company of SYGMA, 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 177 distribution facilities serving approximately 400,000 customers. For the fiscal year 2011 that ended July 2, 2011 the company generated record sales of more than $39 billion. For more information about Sysco visit the company's Internet home page at www.sysco.com and for investor relations news follow us at www.twitter.com/SyscoStock.
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 the Company’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 the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s 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.
For Jamba Juice Company
Don Duffy, 203-682-8200
Janice Duis, 510-596-0286