Jamba Juice to Launch Fourth Market in Asia with new Master Franchise Development Agreement in Thailand
July 09 2015 - 8:30AM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20150709005370/en/
Jamba JuiceMike Fuccillo, 510-596-0100 X7Dir. Corporate
Communicationsmfuccillo@jambajuice.com
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