Jamba Juice Company (NASDAQ:JMBA) today announced that the Company has
increased its credit agreement with Wells Fargo Bank, National
Association (“Wells Fargo Bank”) to $15 million. The amended Credit
Agreement with Wells Fargo Bank expires on June 30, 2016.
"We are pleased to continue our strong relationship with Wells Fargo and
believe that this agreement speaks to the growing financial strength of
the Company as we continue to build on our growth initiatives,” stated
James D. White, chairman, president and CEO, Jamba Inc. “We do not
anticipate the need to borrow against the line, but felt that it was
necessary to have additional working capital from which to fund current
and future growth initiatives.”
About Jamba Juice Company
Founded in 1990, Jamba Juice Company (NASDAQ: JMBA) 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 coffee and teas, hot oatmeal,
breakfast wraps, sandwiches and mini-wraps, California Flatbreads™,
frozen yogurt, and a variety of baked goods and snacks. Jamba-branded
products for at-home enjoyment are also available through select
retailers across the nation and in Jamba outlets. As of April 2, 2013,
there were 820 Jamba Juice store locations globally. 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).
Forward-Looking Statements
This press release (including information incorporated or deemed
incorporated by reference herein) contains “forward-looking statements”
within the meaning of the Private SecuritiesLitigation 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 and any other 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.
Copyright Business Wire 2013