Wednesday, Jamba Inc. (JMBA) signed a non-binding memorandum of intent or MOU with Core-Mark Holding Co. Inc. (CORE). The MOU will establish a relationship to offer and deliver health-oriented Jamba branded food and beverage consumer products to Core-Mark serviced convenience retail locations.
The intent of this memorandum is to provide an outline for the establishment of a three year relationship, which would give Core-Mark the generally exclusive distribution rights of the Jamba-branded products to the convenience store retail channel. The parties intend for the Jamba-branded products to be manufactured by Jamba's existing and new licensees, joint venture partners, and co-manufacturers.
Jamba Inc., through its subsidiary, Jamba Juice Co., owns and franchises Jamba Juice stores. The company operates as a retailer of blended-to-order fruit smoothies, squeezed-to-order juices, blended beverages, and snacks.
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