Jamba Reports Plans to Further Accelerate Refranchising, Movement to Asset-Light Model

Jamba, Inc. (NASDAQ: JMBA), a leading healthy, active lifestyle brand,announced today the Company's plans to further accelerate their refranchisinginitiative with a goal of becoming a 90% plus franchise-to-company-owned modelby the end of fiscal year 2015."We are pleased to announce our plans for the further acceleration of ourrefranchise initiative which would result in the Company being a 90%-plusfranchise-to-company-owned model by the end of this year," said James D.White, chairman, president and CEO of Jamba, Inc. "The initial phase of ourrefranchising initiative has proceeded quickly and efficiently and generated atremendous amount of interest, giving us a high level of confidence that ourgoal of 90%-plus is achievable. We reaffirm our belief that transitioningJamba to an asset light model will allow us to enhance our growth initiativeswhile driving down expenses, which positions us well for long-term growth."Earlier this month the Company announced its entry into an agreement for therefranchising of 100 Company-owned stores to Vitaligent, LLC. The Companyexpects that with this further accelerated program, the Company'srefranchising initiative will generate between $55 - $75 million of cashproceeds in 2015 in the aggregate.