Jamba, Inc. Continues to Accelerate Expansion, Enters 25-Unit Development Agreement in Manhattan and Long Island Markets
Jamba Enters Deal with Experienced Franchise Partners as Growth Plan Continues in U.S. East
EMERYVILLE, Calif. - (BUSINESS WIRE) - Aug. 3, 2015 - Jamba, Inc. (NASDAQ:JMBA) a leading health and wellness brand and leading retailer of freshly-squeezed juice announced an acceleration of its retail growth plan with a development agreement that will yield 25 new locations in key New York markets. The agreement was reached with Steve Menexas who, with his brother George Menexas, bring a wealth of franchising experience from other restaurant concepts, including Dunkin’ Donuts and Tony Roma’s. Mr. Menexas is a highly seasoned business owner and veteran of franchising, having been cited as “Global Franchisee of the Year” and “Global Partner of the Year” from other restaurant chains.
“We are excited with our continued expansion across the U.S. and particularly in such an important market as New York,” stated James D. White chairman, president and CEO of Jamba. “And we are pleased to extend our partnership to Steve and George, who are proven business owners, as we continue to accelerate the Company’s growth initiative.”
Jamba offers flexible retail formats ranging from full-size, traditional stores to several smaller formats that lend to placement in a broad set of locations. The 25 new locations will be comprised of a variety of Jamba formats, and will be built in Manhattan and Long Island. Menexas plans to open the first four to six locations by early 2016.
Founded in 1990, Jamba, Inc. is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh squeezed juices and juice blends, hot teas, and a variety of food items including hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods, and snacks. As of June 30, 2015, there were 807 Jamba® stores system-wide in the United States, of which 601 are franchise-operated stores, and 206 are Company-owned. Jamba is a proud sponsor of "Team Up for a Healthy America" in the fight against childhood obesity and encourages fans to join the Team Up community of celebrities, athletes, and other leaders committed to getting kids active and involved at www.myhealthpledge.com. Fans of Jamba Juice can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.JambaJuice.com or by contacting Jamba's Guest Services team at 1-866-4R-FRUIT (473- 7848).
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SOURCE Jamba, Inc.
Dir. Corporate Communications