Jamba Juice Opens its First Taiwan Location, Marking its 71st International Location
First store open in the coveted Xinyi shopping district.
EMERYVILLE, Calif. - (BUSINESS WIRE) - November 3, 2015 - Jamba Juice Company (NASDAQ:JMBA), a leading healthy, active lifestyle brand announced today that the Quan Hung Gourmet Company, Jamba’s Master Franchisee for Taiwan, has opened the first Taiwan location at the Xinyi Vieshow complex in Xinyi.
This opening delivers the 71st international store outside the US, and brings to 885 the total number of global stores.
“We are very excited about launching the brand in Taiwan,” said Jack Hsu, Special Assistant to the Chairman, Quan Hung Gourmet Company. “The Xinyi district is considered the most modern and cosmopolitan district in Taipei, and comprised of offices, government, shopping and entertainment venues. Jamba Juice will be a great addition for its consumers looking for a healthy alternative, day or night.” The Jamba store is located inside the Vieshow complex, on the ground floor. It operates 11:00 to 23:00, seven days a week.
“Jamba is more than excited to expand our footprint in the Pacific Rim with Quan Hung here in Taiwan,” said Tom Madsen, Senior Vice President & General Manager, Global Growth, Jamba Juice Company. “This store represents our 71st store outside of the United States, and puts us on a path to close the year with about 90 international stores.”
This agreement represents the latest step in Jamba's international franchise store growth. Currently, Jamba operates international stores in South Korea, Philippines, Canada, Mexico, UAE, and Taiwan, and has existing development agreements that include Saudi Arabia, Bahrain, Oman, Kuwait, Qatar, Thailand and Indonesia.
Jamba Juice is currently awarding franchise opportunities in other select markets around the globe. For more information, please visit www.jambafranchise.com.
About Jamba Juice Company
Jamba, Inc., owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company 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™, Energy Bowls™, baked goods and snacks. As of June 30, 2015, there were 875 store locations globally. There were 206 Company-owned and operated stores and 601 franchise-operated stores in the United States, and 68 franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States.
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).
This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private 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 projects 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, those 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 Juice Company
Dir. Corporate Communications
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