Jamba, Inc. Reports Unaudited Fiscal Second Quarter 2008 Company Stores Revenue Increase of 11.7%

Emeryville, Calif., Jul. 24 - Jamba, Inc. today reported preliminary unaudited revenue, comparable store sales, and store count results for its fiscal second quarter 2008.

Fiscal second quarter 2008 (2Q08), 12-week period ended July 15, 2008, compared to fiscal second quarter 2007 (2Q07), 12-week period ended July 24, 2007:

• Preliminary unaudited total revenue of $98.6 million, an increase of 10.0% from $89.6 million in 2Q07.
• Preliminary unaudited company stores revenue of $96.3 million, an increase of 11.7% from $86.2 million in 2Q07.
• Company-owned comparable store sales⁽¹⁾ of (7.3%), compared to (3.5%) in 2Q07.
• 14 new company-owned stores were opened, compared to 27 new company-owned stores in 2Q07. This brings the total number of company-owned stores to 518 and the total number of system-wide stores (company-owned and franchise-operated stores) to 736.

Year-to-date 2008 (YTD08), 28-week period ended July 15, 2008, compared to 28-week period ended July 24, 2007:

• Preliminary unaudited total revenue of $200.2 million, an increase of 11.8% from $179.0 million for the same period in the prior year.
• Preliminary unaudited company stores revenue of $194.9 million, an increase of 13.1% from $172.4 million for the same period in the prior year.
• Company-owned comparable store sales⁽¹⁾ of (5.8%), compared to 0.2% for the same period in the prior year.

While Jamba believes its customers continue to love the Jamba brand for its healthful and great tasting smoothies and fun store experience, the economy is forcing customers to pare back on their discretionary spending, which has impacted comparable sales. The Company is responding with an aggressive value promotion that focuses on the clear points of difference that Jamba offers customers versus many new competitive Quick Service Restaurant smoothies, namely 210 calories, made with real whole fruit, 100% pure fruit and fruit juices, no high-fructose corn syrup, no sugar added – all without sacrificing great taste. This promotion targets both new and existing customers with a $2.95 All Fruit Smoothie called the “Orange Refresher”, available for a limited time only.

Jamba is also responding to the QSR competition with aggressive product innovation. An emphasis on innovating nutritionally balanced meal replacements such as the new breakfast offerings made with real whole fruit, yogurt, soy milk, and organic granola have yielded solid results by driving positive breakfast daypart comparable store sales since their launch in February.

Jamba is continuing to explore opportunities to reduce costs and prudently manage its balance sheet, with the goal of being properly positioned for healthy growth when the economy improves. On July 15, Jamba closed 8 stores as part of the Company’s previously announced store reduction plan. For the remainder of 2008, Jamba plans to open 4 more stores, all of which are currently under construction.

Footnotes

⁽¹⁾Comparable store sales are calculated using sales of stores open at least thirteen full fiscal periods. Management reviews the increase or decrease in comparable store sales compared with the same period in the prior year to assess business trends and make certain business decisions.

⁽²⁾California company-owned stores represent approximately 74% of the revenue in the comparable store sales base.