Services Acquisition (AMEX:SVI)
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From Jan 2020 to Jan 2025
Services Acquisition Corp. International ("SVI")
(AMEX:SVI) (AMEX:SVI-U) (AMEX:SVI-WS) and Jamba Juice Company, the
category-defining leader in healthy blended beverages, juices and
good-for-you snacks, today announced that SVI has received early
termination of the waiting period under the Hart-Scott-Rodino Act
relating to its proposed merger with Jamba Juice.
For additional information regarding the pending merger, please
refer to SVI's recent SEC filings available online at www.sec.gov.
About Jamba Juice
Jamba Juice is the category-defining leader in healthy blended
beverages, juices and good-for-you snacks. Founded in 1990 in
California, today Jamba Juice has more than 540 company and franchised
stores in 26 states nationwide with 7,500 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 www.jambajuice.com.
About SVI
SVI 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 has dedicated its time since the
offering to seeking and evaluating business combination opportunities.
The management of SVI includes former executives from organizations
such as Blockbuster Entertainment Group, AutoNation and Boca Resorts.
Forward-looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, about
SVI, Jamba Juice and their combined business after completion of the
proposed acquisition. Forward-looking statements are statements that
are not historical facts. Such forward-looking statements, based upon
the current beliefs and expectations of SVI's and Jamba Juice'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
SVI stockholders to approve the plan and agreement of merger and the
transactions contemplated thereby; the number and percentage of SVI
stockholders voting against the acquisition; 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 is engaged; demand for the products and services that
Jamba Juice provides, general economic conditions; geopolitical events
and regulatory changes, as well as other relevant risks detailed in
SVI's filings with the Securities and Exchange Commission. The
information set forth herein should be read in light of such risks.
Neither SVI nor Jamba Juice assumes any obligation to update the
information contained in this press release.
Additional Information and Where to Find It
In connection with the proposed acquisition and financing and
required stockholder approval, SVI will file with the Securities and
Exchange Commission a proxy statement which will be mailed to the
stockholders of SVI. SVI's stockholders are urged to read the proxy
statement and other relevant materials when they become available as
they will contain important information about the acquisition of Jamba
Juice and the related private placement financing. SVI 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 SVI, 401 East Las Olas Boulevard, Suite 1140, Fort
Lauderdale, Florida 33301.
SVI and its officers and directors may be deemed to have
participated in the solicitation of proxies from SVI's stockholders in
favor of the approval of the acquisition and related private placement
financing. Information concerning SVI's directors and executive
officers is set forth in the publicly filed documents of SVI.
Stockholder may obtain more detailed information regarding the direct
and indirect interests of SVI and its directors and executive officers
in the acquisition and related private placement financing by reading
the preliminary and definitive proxy statements regarding the merger
and private placement financing, which will be filed with the SEC.