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mad tony
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JAMBA JUICE COMPANY AND SERVICES ACQUISITION CORP. INTERNATIONAL ANNOUNCE MERGER

San Francisco, CA (March 13, 2006) – Jamba Juice Company, the category-defining leader in healthy blended beverages, juices and good-for-you snacks, and Services Acquisition Corp. International (“SVI”) (AMEX: SVI, SVI-U, SVI-WS) today announced a planned merger under which Jamba Juice will merge with SVI. Upon consummation of the merger, SVI will seek to change its name to Jamba, Inc.

Under the terms of the agreement, Jamba Juice shareholders will receive cash of $265 million less certain indebtedness and transaction expenses.

To fund the transaction and provide additional capital for growth and expansion, various institutional investors have agreed to purchase approximately 27.4 million shares of SVI common stock at $7.50 per share in a private placement, which will be funded at the closing of the merger. The net proceeds from this placement, estimated at $198 million after deducting placement fees and related expenses, will be combined with the approximately $127 million of cash currently held in trust by SVI to fund the transaction and provide growth capital.

“With more than 15 years of history and a strong, passionate customer base, we view this transaction as an opportunity to expand our footprint and extend our brand into additional markets,” said Paul Clayton, President and CEO of Jamba Juice. “Jamba Juice is much more than just a chain of smoothie stores; it's an experience that delivers positive energy to our customers.”
more... http://www.jambajuice.com/mediacenter/jamba0306.html

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mad tony
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Will this go higher or lower Mon, Tues?

http://stockcharts.com/h-sc/ui?s=SVI

Baby Breaker Birth Announcements
By Tim Beyers (TMF Mile High)
March 17, 2006
Jamba Juice, which on Monday was bought by investor Services Acquisition Group (AMEX: SVI) for $265 million in cash. The deal is interesting in that it places the leader of SVI, Steven Berrard -- also the former CEO of Blockbuster (NYSE: BBI) and founder of AutoNation (NYSE: AN) -- right back into the retail marketplace, where it seems he's most comfortable.

The deal also makes strategic sense. Jamba Juice is a known brand for fast-food health drinks (yes, I know, an oxymoron if there ever was one). And it has a large following on the West coast. More capital will make it easier to grow the concept geographically.

Most interesting, though, is that the buyout, once approved, will effectively mark the end of SVI and the dawn of Jamba Juice as a public company. Expect more such deals. Indeed, on this greenest of green days, it's important to remember that big firms are flush with moola, and buyout specialists have built record-large funds for investing. For well-placed private firms, that means the luck of the Irish may continue all year.
http://www.fool.com/News/mft/2006/mft06031734.htm?source=eptyholnk303100&logvisit=y&npu=y

http://www.investorshub.com/boards/board.asp?board_id=5364

[ March 19, 2006, 23:59: Message edited by: mad tony ]

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mad tony
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word is it on Cramer's Mad Money...
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mad tony
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http://www.thestreet.com/_tscpnav/funds/madmoneywrap/10275112.html


http://www.investorshub.com/boards/board.asp?board_id=5364

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logical buyer
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Cramer was all over the Jamba Juice segment last night. Jamba's earnings are huge. 20% margins.
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mad tony
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Form 10-K for SERVICES ACQUISITION CORP. INTERNATIONAL

29-Mar-2006
Annual Report


Item 7. Management Discussion and Analysis of Financial Condition and Results of Operations.


We were formed on January 6, 2005, to serve as a vehicle to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business that provides services. Our initial business combination must be with a target business or businesses whose fair market value is at least equal to 80% of net assets at the time of such acquisition. We intend to utilize cash derived from the proceeds of our recently completed public offering, our capital stock, debt or a combination of cash, capital stock and debt, in effecting a business combination.

From January 2005 (inception) until December 31, 2005, we had net income of approximately $1,171,279, derived from dividend and interest income less operating expenses and taxes.

On July 6, 2005, we consummated our initial public offering of 15,000,000 units. On July 7, 2005, we consummated the closing of an additional 2,250,000 units that were subject to the underwriters' over-allotment option. Each unit consists of one share of common stock and one redeemable common stock purchase warrant. Each warrant entitles the holder to purchase from us one share of our common stock at an exercise price of $6.00. Our common stock and warrants started trading separately as of July 28, 2005.

Our net proceeds from the sale of our units, after deducting certain offering expenses of approximately $1,887,468, including $1,200,000 evidencing the underwriters' non-accountable expense allowance of 1% of the gross proceeds (excluding the proceeds from the underwriters' over-allotment), and underwriting discounts of approximately $8,280,000, were approximately $127,837,468. Of this amount, $126,720,000 was placed in trust and the remaining $1,117,468 was held outside of the trust. The remaining proceeds are available to be used by us to provide for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. We will use substantially all of the net proceeds of the initial public offering to acquire a target business, including identifying and evaluating prospective acquisition candidates, selecting the target business, and structuring, negotiating and consummating the business combination. To the extent that our capital stock is used in whole or in part as consideration to effect a business combination, the proceeds held in the trust fund as well as any other net proceeds not expended will be used to finance the operations of the target business. We believe we will have sufficient available funds outside of the trust fund to operate through July 6, 2007, assuming that a business combination is not consummated during that time. From July 6, 2005 through July 6, 2007, we anticipate approximately $180,000 of expenses for legal, accounting and other expenses attendant to the due diligence investigations, structuring and negotiating of a business combination, an aggregate of $180,000 for the administrative fees payable to SB Management Corp. and Mercantile Companies, Inc. (a total of $7,500 per month for two years), $100,000 for expenses for the due diligence and investigation of a target business, $50,000 of expenses in legal and accounting fees relating to our SEC reporting obligations and $608,200 for general working capital that will be used for miscellaneous expenses and reserves, including approximately $200,000 for director and officer liability insurance premiums. We do not believe we will need to raise additional funds in order to meet the expenditures required for operating our business. However, we may need to raise additional funds through a private offering of debt or equity securities if such funds are required to consummate a business combination that is presented to us. We would only consummate such a financing simultaneously with the consummation of a business combination.

Commencing on July 6, 2005 and ending upon the acquisition of a target business, we began incurring a fee of $4,875 per month for office space and certain other additional services from SB Management Corp., an affiliate of Steven R. Berrard, our chairman of the board and chief executive officer, and a fee of $2,625 per month for general and administrative services including secretarial support from Mercantile Companies, Inc., an affiliate of I. Steven Edelson, our vice chairman and vice president, and Nathaniel Kramer, one of our directors. In addition, in January, March and June 2005, Messrs. Berrard, Edelson, Kramer and Aucamp loaned us an aggregate of $160,000 to us for payment on our behalf of offering expenses. These loans were repaid following our initial public offering from the proceeds of the offering.

Since our initial public offering, we have been engaged in sourcing a suitable business combination candidate. We have met with target companies, service professionals and other intermediaries to discuss with them our company, the background of our management and our combination preferences. In the course of these discussions, we have also spent time explaining the capital structure of the initial public offering, the combination approval process, and the timeline under which we are operating before the proceeds of the offering are returned to investors.

Overall, we would gauge the environment for target companies to be competitive and we believe that private equity firms and strategic buyers represent our biggest competition. Our management believes that many of the fundamental drivers of alternative investment vehicles like our company are becoming more accepted by investors and potential business combination targets; these include a difficult IPO environment, a cash-rich investment community looking for differentiated opportunities for incremental yield, and business owners seeking new ways to maximize their shareholder value while remaining invested in the business. However, there can be no assurance that we will find a suitable business combination in the allotted time. Controls and Procedures

We do not currently, and are not required to, maintain an effective system of internal controls as defined by Section 404 of the Sarbanes-Oxley Act of 2002. We will be required to comply with the internal control requirements of the Sarbanes-Oxley Act for the fiscal year ending December 31, 2006.

As of the date of this report, we have not completed an assessment, nor have our auditors tested our systems, of internal control. We expect that we will assess the internal controls of our target business or businesses preceding the completion of a business combination and will then implement a schedule for implementation and testing of such additional controls as we may determine are required to state that we maintain an effective system of internal controls. A target business may not be in compliance with the provisions of the Sarbanes-Oxley Act regarding the adequacy of its internal controls. Many small and mid-sized target businesses we consider for a business combination may have internal controls that need improvement in areas such as:

• staffing for financial, accounting and external reporting areas, including segregation of duties;
• reconciliation of accounts;
• proper recordation of expenses and liabilities in the period to which they relate;
• proof of internal review and approval of accounting items;
• documentation of key accounting assumptions, estimates and/or conclusions; and
• documentation of accounting policies and procedures.

Because it will take time, management involvement and perhaps outside resources to determine what internal control improvements are necessary for us to meet regulatory requirements and market expectations for our operation of a target business, we may incur significant expense in meeting our public reporting responsibilities, particularly in the areas of designing, enhancing, or remediating internal and disclosure controls. Doing so effectively may also take longer than we expect, thus increasing our exposure to financial fraud or erroneous financial reporting.

Once our management's report on internal controls is complete, we will retain our independent auditors to assess management's report on internal controls and to render an opinion on such report when required by Section 404. Additional matters concerning a target business's internal controls may be identified in the future when the assessment and testing is performed.

Off-Balance Sheet Arrangements; Commitments and Contractual Obligations

As of December 31, 2005, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K and did not have any commitments or contractual obligations other than our payments to SB Management Corp. and Mercantile Companies, Inc. as described above. No unaudited quarterly operating data is included in this prospectus as we have conducted no operations to date.

http://biz.yahoo.com/e/060329/svi10-k.html

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mad tony
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looking good
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but I can't get the chart to post
http://wwww.stockcharts.com/c-sc/sc?s=SVI&p=DAILY&b=5&g=0&id=t73265998290&r=7312

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mad tony
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$12.70 new all-time high
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Services Acquisition Corp. International Sets Shareholder Meeting Date and Announces Mailing of Proxies to Shareholders of Record
Wednesday November 8, 12:53 pm ET
SACI and Jamba Extend Merger Termination Date

CHARLOTTE, N.C.--(BUSINESS WIRE)--Services Acquisition Corp. International (AMEX:SVI; AMEX:SVI.U; AMEX:SVI.WT; "SACI") has announced a shareholder meeting to vote on the proposed merger between SACI and Jamba Juice Company to be held on November 28, 2006 at 10:00 a.m. at the offices of its counsel, Mintz Levin. Proxy materials are being mailed to shareholders who were holders of record as of October 24, 2006.

In order to facilitate the time needed for proxy distribution and shareholder notice, as well as to consummate the acquisition if shareholder approval is received, SACI and Jamba Juice Company jointly announced that they have extended the date upon which either party may terminate the merger agreement between them to December 8, 2006, from November 17, 2006.

Investors in its private placement financings have also approved extending their commitment date to December 8, 2006 from November 17, 2006.

Steve Berrard and Paul Clayton, the Chief Executive Officers of SACI and Jamba Juice Company, respectively, jointly commented that, "We have worked very hard to complete this transaction and now, more than ever, are very excited about the potential and opportunities for the combined company. We look forward to building a great company and 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 565 company and franchised stores in 23 states nationwide with 9,000 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 a definitive proxy statement, dated November 8, 2006, with the Securities and Exchange Commission which has been mailed to the stockholders of SACI who were stockholders as of the Record Date, October 24, 2006. 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 definitive proxy statement regarding the merger and private placement financing filed with the SEC on November 8, 2006.

Contact:
For SACI, Fort Lauderdale
Boardroom Communications, Inc.
Julie Silver, 954-370-8999
or
For Jamba Juice Company
Integrated Corporate Relations
Don Duffy, 203-682-8200
investors*jambajuice.com

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