Services Acquisition Corp. International Announces Record Date
July 20 2006 - 11:22AM
Business Wire
The Board of Directors of Services Acquisition Corp. International
(AMEX:SVI) (AMEX:SVI.U) (AMEX:SVI.WT) ("SACI") has fixed the close
of business on July 28th, 2006, as the record date (the "Record
Date") for the determination of stockholders entitled to notice of
and to vote at the special meeting of stockholders, and at any
adjournment thereof, relating to the proposed merger between Jamba
Juice Company ("Jamba Juice") by SACI pursuant to which Jamba Juice
will become a wholly-owned subsidiary of SACI ("Special Meeting")
and such other proposals as disclosed in the proxy materials
relating to the Special Meeting. The setting of a record date
provides no assurance that the SEC will finalize its review in a
timely manner or that the merger will occur. The Special Meeting is
expected to be held as soon as possible within 60 days of the
Record Date. A list of stockholders entitled to vote at the Special
Meeting will be open to the examination of any stockholder, for any
purpose germane to the meeting, during regular business hours for a
period of ten calendar days before the Special Meeting at SACI's
offices at 401 East Olas Boulevard, Suite 1140, Fort Lauderdale,
Florida 33301, and at the time and place of the Special Meeting
during the duration of such meeting. 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 550 company and franchised stores
in 25 states nationwide with 9,000 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
http://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
prior to the merger agreement with Jamba Juice had dedicated its
time 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 SACI, Jamba Juice
and the proposed merger. Forward looking statements are statements
that are not historical facts. Such forward-looking statements,
based upon the current beliefs and expectations of SACI'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 SACI's stockholders to approve the plan
and agreement of merger and the transactions contemplated thereby;
the number and percentage of SACI stockholders voting against the
proposed merger; 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
SACI's filings with the Securities and Exchange Commission. The
information set forth herein should be read in light of such risks.
Neither SACI 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 merger and
related proposals that will be voted on at the Special Meeting,
SACI has filed a preliminary proxy statement, as amended, with the
Securities and Exchange Commission that is pending SEC approval; a
final proxy statement will be mailed to the stockholders of SACI
who are stockholders as of the Record Date. SACI's stockholders are
urged to read the proxy statement and other relevant materials as
they become available as they will contain important information
about the merger with Jamba Juice and the related proposals. SACI
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 SACI, 401 East Las Olas
Boulevard, Suite 1140, Fort Lauderdale, Florida 33301. SACI and its
officers and directors may be deemed to have participated in the
solicitation of proxies from SACI's stockholders in favor of the
approval of the merger and related private placement financing.
Information concerning SACI's directors and executive officers is
set forth in the publicly filed documents of SACI. Stockholders may
obtain more detailed information regarding the direct and indirect
interests of SACI 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.
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