Jamba Juice Continues Progress on Refranchising Initiative
Jamba, Inc (NASDAQ:JMBA) announced the sale of nine restaurants in California and Arizona, and the signing of purchase agreements for 28 restaurants primarily outside of California.
“We are very pleased with our refranchising efforts and the continued strong interest in the Jamba brand”
“We are very pleased with our refranchising efforts and the continued strong interest in the Jamba brand,” said James D. White, Chairman, President and CEO, Jamba, Inc. “We are on track to complete our refranchising goal in 2010, which will be an accomplishment given the current challenges of the existing credit markets. I look forward to reporting on our continued progress throughout the coming year.”
The Company is committed to strategically growing the Jamba brand and refranchising is one component of a broader plan for achieving that goal.