Jamba, Inc. at the 2013 annual meeting of stockholders held on May 14, 2013 approved an amendment to Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of Common Stock, $0.001 par value per share, at a ratio of 1:5, and proportionate reduction of the number of authorized shares of Common Stock.

Jamba, Inc., Annual General Meeting, May 14, 2013., at 08:00 Pacific Daylight. Location: The company’s principal offices, 6475 Christie Avenue. Agenda: To approve the adoption of the company 2013 Equity Incentive Plan; and to authorize an aggregate of up to 9 million shares issuable under the 2013 Plan; and to consider other issues.

Jamba, Inc. reported unaudited consolidated earnings results for the first quarter ended April 2, 2013. For the quarter, the company reported total revenue of 55,056,000 against $53,047,000 a year ago. Loss from operations was $1,303,000 against $1,645,000 a year ago. Loss before income taxes was $1,381,000 against $1,742,000 a year ago. Net loss was $1,242,000 against $1,510,000 a year ago. Net loss attributable to common stockholders was $1,726,000 against $1,991,000 a year ago. Basic and diluted loss per share was $0.02 against $0.03 a year ago. Total comparable store sales were 3.6% against 12.7% a year ago. The increase in revenue was due to the 3.6% increase in company-owned comparable store sales and increased franchise revenue and CPG sales. The increase in company-owned comparable store sales of 3.6% was driven primarily by an increase in transaction count of 130 basis points and an average check increase of 230 basis points. The company provided earnings guidance for the year 2013. The company expects to deliver positive company-owned comparable store sales of 4% to 6% and store-level margin of 20%, achieve income from operations of 2.5% to 3.0% of revenue and deliver CPG revenue of $4 million to $5 million. The company expects fiscal 2013 capital expenditures is a range of between $9 million and $10 million and that includes plans to open between 5 to 9 company stores, a refresh and remodel of up to 100 company locations, maintenance capital and information technology investments. Tax rate estimated for the full year at this time is about 11.5%. For the quarter, the company reported impairment of long-lived assets of $107,000 against $386,000 a year ago. In the year 2013, the company plans to develop 60-80 U.S. and international locations and add 1,000 JambaGO served locations. The company entered into a master franchise development agreement with MAV to develop 80 Jamba Juice stores in Mexico over the next 10 years. The first Jamba Juice store in Mexico is expected to open in late 2013. As of April 2, 2013, three California locations offered the Fresh Squeezed Juice platform, with a target of up to 100 locations by the end of 2013.