San Diego, CA -- (SBWIRE) -- 03/18/2015 -- An investigation on behalf of investors of Jamba, Inc. (NASDAQ:JMBA) shares over potential securities laws violations by Jamba and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Jamba, Inc. (NASDAQ:JMBA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Jamba, Inc. (NASDAQ:JMBA) concerning whether a series of statements by Jamba, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Jamba, Inc. reported that its Total Revenue rose from $226.43 million for the 53 weeks period that ended on January 3, 2012 to $229.25 million for the 52 weeks period that ended on Dec. 31, 2013 and that its Net Loss of $8.30 million for the 53 weeks period that ended on January 3, 2012 n turned into a Net Income of $2.08 million for the 52 weeks period that ended on Dec. 31, 2013.

Shares of Jamba, Inc. (NASDAQ:JMBA) grew from $9.98 per share in May 2014 to as high as $16.43 per ahare in late January 2015.

On March 16, 2015, Jamba, Inc announced that it filed a Form with the Securities and Exchange Commission ("SEC") providing for a 15 calendar day extension for its Annual Report for the fiscal year ended December 31, 2014.

According to Jamba, Inc, it had filed the Form because it has not yet completed the assessment of the Company's internal control over financial reporting and, as a result, its independent registered public accounting firm has not completed their audit and assessment of the Company's internal control over financial reporting.

Jamba, Inc said it plans to report in its Annual Report that as of December 30, 2014, a material weakness existed in its control over financial reporting due to an insufficient complement of finance and accounting resources within the organization, in part attributable to employee turnover related to recently implemented cost reductions and infrastructure changes, to ensure the proper application of GAAP with respect to the Company's non-routine transactions.

Shares of Jamba, Inc. (NASDAQ:JMBA) declined to $13.74 per share on March 17, 2015.

Those who purchased shares of Jamba, Inc. (NASDAQ:JMBA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com