Services Acquisition Corp. International and Jamba Juice Company Announce Plans to List on NASDAQ
2006年11月18日 - 7:04AM
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Services Acquisition Corp. International (AMEX:SVI; AMEX:SVI.U;
AMEX:SVI.WT; "SACI" or the �Company�) and Jamba Juice Company
jointly announce today that NASDAQ has approved the listing of the
Company�s common stock, units and warrants for trading on the
NASDAQ Global Market. It is currently anticipated that the
Company�s common stock, units and warrants will commence trading at
the open of business on Wednesday, November 29, 2006, the
anticipated date of the consummation of the merger. The Company has
submitted to the American Stock Exchange a request for withdrawal
of the listing their common stock, units and warrants, effective as
of the close of business on November 28, 2006. Pending SACI�s
shareholder approval of the proposed Jamba Juice merger, SACI will
change its name to Jamba Inc. and its securities will begin trading
under the following symbols: Common stock will trade under �JMBA�
Units will trade under �JMBAU� Warrants will trade under �JMBAW�
Steve Berrard and Paul Clayton, the Chief Executive Officers of
SACI and Jamba Juice Company, respectively, jointly commented, �We
look forward to the completion of the merger and our NASDAQ listing
as these events will represent key milestones in our development of
the Jamba Juice brand.� About SACI SACI is a blank check company
that was formed for the specific purpose of consummating a business
combination. SVI raised net proceeds of approximately $127 million
through its initial public offering consummated in July 2005 and
prior to the merger agreement with Jamba Juice Company had
dedicated its time to seeking and evaluating business combination
opportunities. The management of SACI includes former executives
from organizations such as Blockbuster Entertainment Group,
AutoNation and Boca Resorts. About Jamba Juice Company Jamba Juice
Company is the category-defining leader in healthy blended
beverages, juices, and good-for-you snacks. Founded in 1990 in
California, today Jamba Juice Company has more than 580 company and
franchised stores in 23 states nationwide with more than 8,500
employees. For the nearest location or a complete menu including
new All Fruit Smoothies, please call: 1-866-4R-FRUIT or visit the
website at http://www.jambajuice.com Forward-looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
about SACI, Jamba Juice Company and the proposed merger. Forward
looking statements are statements that are not historical facts.
Such forward-looking statements, based upon the current beliefs and
expectations of SACI's and Jamba Juice Company's management, are
subject to risks and uncertainties, which could cause actual
results to differ from the forward looking statements. The
following factors, among others, could cause actual results to
differ from those set forth in the forward-looking statements: the
failure of SACI's stockholders to approve the plan and agreement of
merger and the transactions contemplated thereby; the number and
percentage of SACI stockholders voting against the proposed merger;
changing interpretations of generally accepted accounting
principles; continued compliance with government regulations;
legislation or regulatory environments, requirements or changes
adversely affecting the businesses in which Jamba Juice Company is
engaged; demand for the products and services that Jamba Juice
Company provides, general economic conditions; geopolitical events
and regulatory changes, as well as other relevant risks detailed in
SACI's filings with the Securities and Exchange Commission. The
information set forth herein should be read in light of such risks.
Neither SACI nor Jamba Juice Company assumes any obligation to
update the information contained in this press release. Additional
Information and Where to Find It In connection with the proposed
merger and related proposals that will be voted on at the Special
Meeting, SACI has filed, and mailed to its stockholders, a
definitive proxy statement dated November 8, 2006 with the
Securities and Exchange Commission. SACI's stockholders are urged
to read the proxy statement and other relevant materials as they
become available as they will contain important information about
the merger with Jamba Juice Company and the related proposals. SACI
stockholders will be able to obtain a free copy of such filings at
the Securities and Exchange Commission's internet site
(http://www.sec.gov). Copies of such filings can also be obtained,
without charge, by directing a request to SACI, 401 East Las Olas
Boulevard, Suite 1140, Fort Lauderdale, Florida 33301. SACI and its
officers and directors may be deemed to have participated in the
solicitation of proxies from SACI's stockholders in favor of the
approval of the merger and related private placement financing.
Information concerning SACI's directors and executive officers is
set forth in the publicly filed documents of SACI. Stockholders may
obtain more detailed information regarding the direct and indirect
interests of SACI and its directors and executive officers in the
acquisition and related private placement financing by reading the
preliminary and definitive proxy statements regarding the merger
and private placement financing, which will be filed with the SEC.
Services Acquisition Corp. International (AMEX:SVI; AMEX:SVI.U;
AMEX:SVI.WT; "SACI" or the "Company") and Jamba Juice Company
jointly announce today that NASDAQ has approved the listing of the
Company's common stock, units and warrants for trading on the
NASDAQ Global Market. It is currently anticipated that the
Company's common stock, units and warrants will commence trading at
the open of business on Wednesday, November 29, 2006, the
anticipated date of the consummation of the merger. The Company has
submitted to the American Stock Exchange a request for withdrawal
of the listing their common stock, units and warrants, effective as
of the close of business on November 28, 2006. Pending SACI's
shareholder approval of the proposed Jamba Juice merger, SACI will
change its name to Jamba Inc. and its securities will begin trading
under the following symbols: -- Common stock will trade under
"JMBA" -- Units will trade under "JMBAU" -- Warrants will trade
under "JMBAW" Steve Berrard and Paul Clayton, the Chief Executive
Officers of SACI and Jamba Juice Company, respectively, jointly
commented, "We look forward to the completion of the merger and our
NASDAQ listing as these events will represent key milestones in our
development of the Jamba Juice brand." About SACI SACI is a blank
check company that was formed for the specific purpose of
consummating a business combination. SVI raised net proceeds of
approximately $127 million through its initial public offering
consummated in July 2005 and prior to the merger agreement with
Jamba Juice Company had dedicated its time to seeking and
evaluating business combination opportunities. The management of
SACI includes former executives from organizations such as
Blockbuster Entertainment Group, AutoNation and Boca Resorts. About
Jamba Juice Company Jamba Juice Company is the category-defining
leader in healthy blended beverages, juices, and good-for-you
snacks. Founded in 1990 in California, today Jamba Juice Company
has more than 580 company and franchised stores in 23 states
nationwide with more than 8,500 employees. For the nearest location
or a complete menu including new All Fruit Smoothies, please call:
1-866-4R-FRUIT or visit the website at http://www.jambajuice.com
Forward-looking Statements This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, about SACI, Jamba Juice
Company and the proposed merger. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, based upon the current beliefs and expectations of
SACI's and Jamba Juice Company's management, are subject to risks
and uncertainties, which could cause actual results to differ from
the forward looking statements. The following factors, among
others, could cause actual results to differ from those set forth
in the forward-looking statements: the failure of SACI's
stockholders to approve the plan and agreement of merger and the
transactions contemplated thereby; the number and percentage of
SACI stockholders voting against the proposed merger; changing
interpretations of generally accepted accounting principles;
continued compliance with government regulations; legislation or
regulatory environments, requirements or changes adversely
affecting the businesses in which Jamba Juice Company is engaged;
demand for the products and services that Jamba Juice Company
provides, general economic conditions; geopolitical events and
regulatory changes, as well as other relevant risks detailed in
SACI's filings with the Securities and Exchange Commission. The
information set forth herein should be read in light of such risks.
Neither SACI nor Jamba Juice Company assumes any obligation to
update the information contained in this press release. Additional
Information and Where to Find It In connection with the proposed
merger and related proposals that will be voted on at the Special
Meeting, SACI has filed, and mailed to its stockholders, a
definitive proxy statement dated November 8, 2006 with the
Securities and Exchange Commission. SACI's stockholders are urged
to read the proxy statement and other relevant materials as they
become available as they will contain important information about
the merger with Jamba Juice Company and the related proposals. SACI
stockholders will be able to obtain a free copy of such filings at
the Securities and Exchange Commission's internet site
(http://www.sec.gov). Copies of such filings can also be obtained,
without charge, by directing a request to SACI, 401 East Las Olas
Boulevard, Suite 1140, Fort Lauderdale, Florida 33301. SACI and its
officers and directors may be deemed to have participated in the
solicitation of proxies from SACI's stockholders in favor of the
approval of the merger and related private placement financing.
Information concerning SACI's directors and executive officers is
set forth in the publicly filed documents of SACI. Stockholders may
obtain more detailed information regarding the direct and indirect
interests of SACI and its directors and executive officers in the
acquisition and related private placement financing by reading the
preliminary and definitive proxy statements regarding the merger
and private placement financing, which will be filed with the SEC.
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