Jamba, Inc. Announces Hearings Panel Date and Nasdaq Listing Extension
11 October 2017 - 11:30PM
Business Wire
Jamba, Inc. (Nasdaq:JMBA) (the “Company”) announced the Nasdaq
Stock Market, LLC (“Nasdaq”) granted the Company’s request for a
hearing before the Nasdaq Hearings Panel (the “Panel”). The hearing
will take place on November 16, 2017 at which time the Company will
present its plan to regain compliance with Nasdaq Listing Rule
5250(c)(1) (the “Rule”), which requires timely filing of periodic
reports with the Securities and Exchange Commission (the “SEC”).
Previously, Nasdaq granted the Company an extension until September
18, 2017 to file all delinquent periodic reports.
The Company also announced that the Panel granted the Company’s
request to extend the automatic 15-day stay of suspension from The
Nasdaq Stock Market. The stay, which allows for the continued
trading of the Company’s common stock on Nasdaq, will continue
until a final determination regarding the Company’s listing status
is issued after the November 16, 2017 hearing. The Company fully
intends to continue to take all steps necessary to regain
compliance with the Rule.
About Jamba, Inc.
Jamba, Inc. (Nasdaq: JMBA) through its wholly-owned subsidiary,
Jamba Juice Company, is a healthful, active lifestyle brand with a
robust global business driven by a portfolio of franchised and
company-owned Jamba Juice ® stores and Jamba Juice Express™
formats. Jamba Juice ® is a leading restaurant retailer of
“better-for-you” specialty beverage and food offerings which
include flavorful, whole fruit and vegetable smoothies, fresh
squeezed juices and juice blends, Energy Bowls™, signature
“boosts”, shots and a variety of food items including: hot oatmeal,
breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods and
snacks.
There are over 800 Jamba Juice store locations globally, as of
July 4, 2017. For more information visit www.jambajuice.com or contact Jamba’s Guest
Services team at 1-866-4R-FRUIT (473-7848).
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 projections as well
as the current beliefs and assumptions of the Company’s 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
factors discussed under the section entitled “Risk Factors” in the
Company’s reports filed with the SEC. Many of such factors
relate to events and circumstances that are beyond the Company’s
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171011005288/en/
Investor RelationsICRDara Dierks,
646-277-1212investors@jambajuice.com
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