Jamba, Inc. Announces Acquisition and Growth Agreement with Largest Franchise Partner, Vitaligent, LLC
FRISCO, Texas - (BUSINESS WIRE) - October 4, 2017 - Jamba Inc. (NASDAQ: JMBA), today announced a growth agreement with its largest franchise partner, Vitaligent, LLC, which includes the acquisition of 21 stores from a former franchisee and the development of 12 new stores in the greater Seattle market.
This agreement will increase Vitaligent’s operation to 100 stores across California, Missouri, and now, Washington. Vitaligent has also committed to a 12-store development agreement for the Seattle market, to be completed over the next 5 years.
“Vitaligent shares our vision for continued growth in serving communities where Jamba’s premium, handcrafted blends complement the active lifestyles of consumers,” said Dave Pace, President and Chief Executive Officer of Jamba, Inc. “Vitaligent’s excellence in operations, and their passion for inspiring and simplifying healthy living have been fundamental to their success growing the Jamba brand.”
Vitaligent, LLC is a holding company focused on promoting health and happiness in their communities through blending fresh smoothies, juices, snacks, and healthy meal options.
“We’ve been pleased with the growth we’ve seen in our existing Jamba markets, and have identified this same potential in Seattle,” said Dean VandeKamp, President and CEO of Vitaligent, LLC. “We’re excited to expand our portfolio of Jamba stores, and look forward to building out our presence in this market.”
Jamba is currently awarding domestic and international franchise opportunities. For more information, please visit http://www.jambajuice.com/company-info/franchise-opportunities.
About Jamba, Inc.
Jamba, Inc. (Nasdaq: JMBA) through its wholly-owned subsidiary, Jamba Juice Company, is a healthful, active lifestyle brand with a robust global business driven by a portfolio of franchised and company-owned Jamba Juice® stores and Jamba Juice Express™ formats. Jamba Juice® is a leading restaurant retailer of “better-for-you” specialty beverage and food offerings which include flavorful, whole fruit and vegetable smoothies, fresh squeezed juices and juice blends, Energy Bowls™, signature “boosts,” shots and a variety of food items including: hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods and snacks.
There are over 800 Jamba Juice store locations globally, as of July 4, 2017. For more information visit www.jambajuice.com or contact Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).
For Jamba, Inc.
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SOURCE Jamba Inc.
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