Jamba, Inc. (Jamba) serves as a holding company for its wholly owned subsidiary, Jamba Juice Company, which owns and franchises Jamba Juice stores. Jamba Juice is a restaurant retailer of food and beverage offerings, including fruit smoothies, juices, and teas, hot oatmeal made with organic steel cut oats, wraps, salads, sandwiches, and California Flatbreads, and a variety of baked goods and snacks. As of December 29, 2009, Jamba Juice had 739 locations consisting of 478 Company-owned and operated stores and 261 franchise stores operating in 22 states and the Bahamas. Of the 739 locations, 389 stores are located in California, of which 328 are Company Stores and 61 are Franchise Stores. During the fiscal year December 29, 2009, the Company opened two new Company Stores, and closed eight Company Stores. Franchisees opened 23 new Franchise Stores, closed seven Franchise Stores and, purchased 27 Company Stores, which are operated as Franchise Stores in refranchising transactions.