Jamba Juice Continues its International Expansion with New Master Franchise Development Agreement for Indonesia
June 15 2015 - 9:00AM
Business Wire
PT Sari Gemilang Makmur to Open 70 Jamba Juice
Stores throughout Indonesia, Extending Jamba to its Fourth Asian
Market
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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version on businesswire.com: http://www.businesswire.com/news/home/20150615005340/en/
Jamba JuiceMike Fuccillo, Dir. Corporate Communications,
510-596-0100 X7mfuccillo@jambajuice.com
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