Steven R. Berrard, interim Chief Executive Officer and President, said "On behalf of the entire Board, I would like to welcome James to Jamba. He is a welcome addition to our management team and brings significant expertise in consumer branding and innovation that will further help us to focus on the best strategic opportunities to leverage our brand and create long-term shareholder value."In connection with Mr. White's appointment, Mr. Berrard will be stepping down as the Company's interim Chief Executive Officer and President but will remain as the Company's Chairman of the Board of Directors.

Mr. White was most recently Senior Vice President of Consumer Brands at Safeway, Inc., a publicly-traded Fortune 100 food and drug retailer. While at Safeway, he was most recently responsible for consumer brands operation spanning 35 different categories, including expanding private label into higher quality, premium priced categories. In addition, Mr. White developed a robust pipeline of innovation including the launches of O Organic foods and Eating Right brands at Safeway. Mr. White also held the position of Senior Vice President of Business Development, North America, for The Gillette Company. At Gillette, he played a critical role in implementing company-wide global quality and service transformation and was responsible for supporting the North American businesses. Mr. White also served in executive positions at Nestle Purina and began his career at The Coca-Cola Company.

"I am very excited about joining the Jamba team and working with Steve and the board to drive performance improvement. While there are clearly challenges ahead, I feel that Jamba is a world-class brand with unique growth and extension opportunities,"stated Mr. White.

Disclosure Regarding Mr. White's Equity Award

The equity award to be granted to Mr. White in connection with his appointment as President and Chief Executive Officer is considered an "inducement award"as defined by NASDAQ Marketplace Rules. The inducement award will consist of a nonqualified stock option award to purchase 1,500,000 shares of the Company's common stock with an exercise price equal to the fair market value of the Company's common stock on the date of the grant. The shares subject to the inducement grant will vest over four years so long as Mr.