Jamba, Inc. (NASDAQ:JMBA; NASDAQ:JMBAU; NASDAQ:JMBAW) today announced
that it has advised NASDAQ that the Company’s publicly traded units and
warrants will expire and that the warrants will not be exercisable after
the close of business on June 28, 2009. Trading in the warrants and
units will be halted after the market closes on June 23, 2009 to allow
three trading days to clear any trades prior to such expiration.
Accordingly, the units and warrants will no longer be publicly traded
after June 23, 2009. Prior to the close of business on June 28, 2009,
each publicly traded warrant may be exercised to purchase one share of
common stock at a price of $6.00.
Further information on the exercise of the warrants may be obtained by
contacting the warrant holder’s broker, the Company, or Continental
Stock Transfer & Trust Company, the Company’s transfer agent and warrant
agent.
About Jamba, Inc.
Jamba, Inc. (NASDAQ:JMBA; NASDAQ:JMBAU; NASDAQ:JMBAW) is a holding
company and through its wholly-owned subsidiary, Jamba Juice Company,
owns and franchises JAMBA JUICE® stores. Founded in 1990, Jamba
Juice is a leading restaurant retailer of healthy lifestyle food and
beverage offerings, including great tasting fruit smoothies, juices,
teas, hot oatmeal made with organic, steel cut oats, and baked goods. As
of April 21, 2009, JAMBA JUICE had 732 locations consisting of 499
company owned and operated stores and 233 franchise stores. For the
nearest location or a complete menu, visit the JAMBA JUICE website at www.jambajuice.com
or call 1-866-4R-FRUIT.
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 Securities 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.
Jamba, Inc.
Don Duffy, 203-682-8200
investors@jambajuice.com
