GLENDALE/EMERYVILLE, Calif., Dec 04, 2007 (BUSINESS WIRE) -- Nestle USA, part of Nestle, S.A., the world's largest food and beverage company, and Jamba Juice, the leading blender of fruit and other naturally healthy ingredients, today announced their exclusive worldwide licensing agreement to produce and distribute a line of healthy ready-to-drink beverages under the Jamba brand name.
The products will launch in the US during the second quarter of 2008 and will include two distinct product offerings: Smoothies, a deliciously fruitful, nourishing blend of natural ingredients like real fruit and a splash of low-fat milk, and Juicies, a lighter, refreshing blend of fruit with a splash of non-fat milk. These products, which have been under development for more than a year, will include Jamba's signature line of healthy vitamin and mineral boosts and meet both companies' high standards for healthiness, taste and quality.
"We are extremely excited to announce this partnership with Nestle. This is a tremendous opportunity for Jamba to grow brand awareness and increase the accessibility of Jamba products beyond the four walls of our stores," said Paul Clayton, Chief Executive Officer of Jamba Juice. "By teaming with Nestle, we can make it easier for our customers to enjoy the healthy products served in our stores for the past 17 years."
"Partnering with Jamba Juice to create these ready-to-drink Smoothies and Juicies is a wonderful opportunity for us to meet our consumers' needs for healthy and fun beverages," said Rob Case, President, Nestle USA Beverage Division. "Jamba Juice is a brand that has become synonymous with fun health and we're pleased to work with them to bring that same excitement for healthy beverages to the mass market."
About Nestle USA
Named one of "America's Most Admired Food Companies" in Fortune magazine for the tenth consecutive year, Nestle USA provides quality brands and products that bring flavor to life every day. From nutritious meals with LEAN CUISINE(R) to baking traditions with NESTLE(R) TOLL HOUSE(R), Nestle USA makes delicious, convenient, and nutritious food and beverage products that enrich the very experience of life itself. That's what "Nestle. Good Food, Good Life" is all about. Nestle USA, with 2006 sales of $8.5 billion (includes Nestle Nutrition), is part of Nestle S.A. in Vevey, Switzerland -- the world's largest food company -- with sales of $79 billion. For product news and information, visit Nestleusa.com or NestleNewsroom.com.
About Jamba, Inc.
Jamba, Inc. (JMBA) (JMBAU) (JMBAW) is a holding company and through its wholly-owned subsidiary, Jamba Juice Company, owns and franchises JAMBA JUICE(R) stores. Founded in 1990, JAMBA JUICE is the leading blender of fruit and other naturally healthy ingredients. As of the end of 3Q07, JAMBA JUICE had 672 stores, of which 470 were company-owned and operated. For the nearest location or a complete menu including new All Fruit(TM) and Functional smoothies, please call: 1-866-4R-FRUIT or visit the JAMBA JUICE website at www.jamba.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements are statements that are not historical facts. Forward looking statements in this release include those related to expectations regarding to the timing and nature of product releases and market development for the products. Such forward-looking statements, based upon the current beliefs and expectations of management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: delays in product release, demand for the products, general economic conditions, geopolitical events and regulatory changes, as well as other relevant risks detailed in the filings of Jamba, Inc. with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Jamba, Inc. does not assume any obligation to update the information contained in this press release.