Jamba, Inc. (NASDAQ:JMBA), a leading health and wellness brand and the
leading retailer of freshly squeezed juice, today announced that it
adopted a Rule 10b5-1 share repurchase plan under the Securities
Exchange Act of 1934 (the “Plan”) in connection with its $25 million
share repurchase authorization approved by the Company’s board of
directors and previously announced on November 4, 2014.
The Plan allows the Company to repurchase its shares at times when it
otherwise might be prevented from doing so under insider trading laws or
because of self-imposed trading blackout periods. A broker selected by
Jamba will have the authority under the terms and limitations specified
in the Plan to repurchase shares on the Company’s behalf in accordance
with the terms of the Plan, including specified price conditions.
Because repurchases under the Plan are subject to certain pricing
parameters, there is no guarantee as to the exact number of shares that
will be repurchased under the Plan, or that there will be any
repurchases pursuant to the Plan.
About Jamba Juice Company
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 September 30, 2014, there were 807 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 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 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.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20141208005272r1&sid=ntxv4&distro=nx&lang=en)
Copyright Business Wire 2014