NEW YORK (Thomson Financial) - Shares of Jamba Inc. soared Tuesday after the
company announced a worldwide licensing agreement with Nestle SA to develop a
line of healthy ready-to-drink products under the Jamba brand name.
Set to launch in the second quarter of 2008, the line will include two
product categories: smoothies and juices. Both will contain real fruit, low-fat
or skim milk and Jamba's vitamin and mineral boosts.
Shares of Jamba, a San Francisco-based made-to-order smoothie and juice
company, jumped 27% to $4.27 a share.
Melinda Peer
mp/tk1
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