Jamba, Inc., through its wholly-owned subsidiary, Jamba Juice Company, owns, operates, and franchises Jamba Juice stores worldwide. The company is a major restaurant retailer of ‘better-for-you’ specialty food and beverage offerings, which include great tasting, whole fruit smoothies, fresh squeezed juices and juice blends, Energy Bowls, hot teas, and various food items, including hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods, and snacks. Jamba Juice Company continues to expand the Jamba brand by direct selling of consumer packaged goods (CPG) products, and by licensing its trademarks for CPG products sold through retail channels, such as grocery stores, warehouse clubs, and convenience stores. As of December 30, 2014, the company had 868 Jamba Juice stores worldwide, including 263 company-owned and operated stores, all located in the United States, 543 franchise-operated stores in the United States (Franchise Stores), and 62 franchise-operated stores in international locations. As of December 30, 2014, Jamba Juice had a retail consumer products program that included direct selling of CPG products under the Jamba and Talbott Teas brand names, online and through retail channels. During 2014, the company introduced various new product offerings: Jamba Cold Pressed Juice: A line of delicious and nutritious bottled juices, blended from fruits and vegetables. Jamba uses high pressure processing for the new cold-pressed juices to protect their nutrients and flavor. As of December 30, 2014, the company’s cold pressed juices were available at approximately 300 stores in California and 19 locations in New York City. Energy Bowls: Served in portable portions, the company’s new Energy Bowls are a nutritious blend of real, whole fruit and soymilk or fresh Greek yogurt, topped with an assortment of dry toppings and fresh fruits. Whether served for breakfast, lunch or as a mid-day snack, these bowls provide key nutrients, vitamins, minerals and fiber to support a well-balanced diet. The company licenses JambaGO and Jamba Smoothie Station formats. The Jamba Smoothie Station concept is an express service utilizing existing technology to make select smoothie flavors in small spaces. Smoothie Stations offer a limited menu and use pre-portioned fruit and other ingredients to produce smoothies comparable to the company’s traditional stores. Targeted venues include colleges and universities, grocery stores, airports, hospitals, and business cafeterias. The JambaGO concept targets venues servicing captive audiences. The JambaGO format is a small footprint, low-capital and low-labor, self-serve machine format, and has proven to be a differentiated solution for food service providers seeking healthier beverage options for their constituents. The typical venue for a JambaGO unit has a demand for high volumes, requires high-speed service, where a full-sized Jamba Juice store or kiosk would not be feasible. Such venues include retail store cafés or restaurants, K-12 schools, colleges and universities, grocery and convenience stores, stadiums, theaters, event centers and select airport locations. During 2013, the company launched JambaGO units at approximately 1,000 café locations in Target Stores in the United States. As of December 30, 2014, the company had 30 development agreements that contain rights to develop additional Franchise Stores. The exclusive territories covered by these agreements include selected markets in the states of Arizona, California, Colorado, Connecticut, the District of Columbia, Florida, Hawaii, Kansas, Louisiana, Missouri, Nevada, New York, North Carolina, Oregon, Pennsylvania, Tennessee, Utah, Washington State, and Wisconsin. Government Regulation and Environmental Matters The company, and its franchisees, is required to comply with the accessibility standards mandated by the U.S. Americans with Disabilities Act, which prohibits discrimination in accommodation or employment based on disability. The company is subject to the U.S. Fair Labor Standards Act, the U.S. Immigration Reform and Control Act of 1986, and various federal and state laws governing various matters, including minimum wages, overtime meal and rest periods, accommodations to certain employees, and other working conditions. Trademarks and Domain Names The company owns and/or has applied to register various trademarks and service marks in the United States and in other jurisdictions covering additional countries throughout the world. Some of its trademarks, including Jamba Juice and the Jamba logo are of material importance to the company. In addition, the company has registered and maintains various Internet domain names, including jamba.com and jambajuice.com. Seasonality The company’s business is subject to day-to-day volatility based on weather and varies by season. A portion of the company’s revenue is realized during the second and third quarters of the fiscal year (year ended December 2014), which include the summer months. The fourth quarter of the fiscal year, which includes the winter months and the holiday season, has traditionally been its lowest revenue volume quarter. History Jamba, Inc. was founded in 1990.
jamba inc (JMBA:NASDAQ GM)
6475 Christie Avenue
Emeryville, CA 94608
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