Jamba Juice Company (NASDAQ:JMBA), a leading healthy, active lifestyle
brand announced today that the Company has entered into a master
franchise development agreement with PT Sari Gemilang Makmur to develop
70 Jamba Juice stores® in Indonesia over the next ten years. The first
Jamba Juice store is expected to open in Jakarta in 2016.
PT Sari Gemilang Makmur (“PT Sari”) is a subsidiary of PT Mitra
Adiperkasa Tbk, Indonesia’s leading lifestyle retailers, operating over
1,800 retail outlets in 65 cities throughout Indonesia.
"We are very excited to be partnering with PT Sari– as they are a
leading operator of lifestyles brand in Indonesia, an anchor tenant in
major malls, and have a proven track record of successfully building
their own and franchise brands,” said Tom Madsen, Senior Vice President
& General Manager, Global Growth, Jamba Juice Company. “In PT Sari, we
have found a terrific partner for Indonesia, with a strong passion for
Jamba Juice and a mission to bring health, happiness and fulfilling
lifestyles to Indonesian consumers.”
This agreement represents the latest step in Jamba's international
franchise store growth. The Company believes the potential for Jamba®
stores internationally exceeds 1500 units, and this agreement brings the
current pipeline commitment to 615 stores in South Korea, Canada, the
Philippines, Mexico, UAE, Saudi Arabia, Bahrain, Oman, Kuwait, Qatar,
Taiwan, 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 March 31,
2015, there were 867 store locations globally. There were 259
Company-owned and operated stores and 546 franchise-operated stores in
the United States, and 62 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).
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 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.
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