Jamba, Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

FRISCO, Texas--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) (“Jamba” or the “Company”) today announced that it granted nonqualified stock options to two new employees who are not executive officers of the Company to purchase an aggregate of up to 10,000 shares of the Company's common stock at an exercise price per share of $10.10, equal to the closing price of the Company’s common stock on the date of each grant, in each case vesting annually over four years so long as each employee remains an employee of Jamba Juice Company and/or its affiliates.