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|Jamba, Inc. Announces Expected Receipt of Nasdaq Letter|
The notification states that the Company’s failure to file its 2017 Form
10-K may serve as an additional basis for the delisting of the Company’s
securities from Nasdaq and that the
As previously disclosed, the Company is also not in compliance with
Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G), since the Company has
not yet held an annual meeting of stockholders within twelve months of
the end of the Company’s fiscal year ended
The Company completed and filed its 2016 Form 10-K and 2017 Form 10-Qs
The final milestone in the Company’s comprehensive plan to be fully current is to host the 2016 annual stockholders meeting which the Company expects to combine with its 2017 meeting and hold by the summer of 2018. With the completion of these remaining steps, the Company expects to return to a normal reporting cadence.
The Company will submit its views to the Panel by
Jamba Juice® has more than 800 franchised and company-owned locations worldwide, as of January 2, 2018. For more information, visit jambajuice.com.
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 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.