King of Juices to Open 30 Jamba Juice Stores throughout Thailand,
Extending Jamba to its Twelfth International Market
Jamba Juice Company (NASDAQ:JMBA), a leading healthy, active lifestyle
brand announced today that the Company has entered into a master
development agreement with King of Juices Company LTD to develop 30
Jamba Juice® stores in Thailand over the next ten years. The first Jamba
Juice store in Thailand is expected to open in late 2015.
King of Juices Company LTD (“King of Juices”) is a new entity led by Ms.
Ausanee Mahagitsiri, a seasoned executive who successfully operates
other food & beverage concepts in Thailand, and is a Director of several
other companies. "We are pleased to be partnering with King of Juices in
Thailand, as we continue to extend Jamba’s global reach, and to provide
solutions for health, nutrition and an active lifestyle to consumers
across the globe,” said Tom Madsen, Senior Vice President & General
Manager, Global Growth, Jamba Juice Company. “In King of Juices, we have
found a fantastic partner for Thailand with a strong passion for Jamba
Juice, a deep understanding of the Thai consumer, and an outstanding
track record for developing US franchise brands in Thailand.”
“We are very excited about the opportunity to bring Jamba Juice to
Thailand,” said James D. White, chairman, president and CEO, Jamba Juice
Company. “Thailand is one of the most dynamic retail food and drink
markets in the Asia-Pacific region with high spending on food and
beverages and an increasing demand for high quality fruit drinks. We
will leverage the success of Jamba Juice in Korea, Philippines, and
Taiwan, and are confident that Thai consumers who have a strong affinity
for leading western brands will embrace Jamba’s great tasting and
nutritious food and beverages.”
This agreement represents the latest step in Jamba's international
franchise store growth. The Company believes the potential for Jamba®
stores internationally exceeds 1,500 units, and this agreement brings
the current pipeline commitment to 545 stores in South Korea, the
Philippines, Mexico, UAE, Saudi Arabia, Bahrain, Oman, Kuwait, Qatar,
Taiwan and Thailand.
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
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 March 31, 2015, there were 805 Jamba® stores system-wide
in the United States, of which 546 are franchise-operated stores, and
259 are Company-owned. 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 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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