SVI Services Acquisition Corp International

Services Acquisition Corp. International (AMEX:SVI; AMEX:SVI.U; AMEX:SVI.WT; "SACI") today announced that its shareholders have approved the merger between SACI and Jamba Juice Company at a special meeting of shareholders. The transaction is expected to close on Wednesday, November 29, 2006. Under terms of the Agreement and Plan of Merger, dated March 10, 2006 (as amended), SACI will acquire all of the outstanding securities of Jamba Juice Company and Jamba Juice Company will become a wholly-owned subsidiary of SACI. SACI shareholders also approved: The financing proposal which involves the issuance of 30,879,999 shares of common stock at $7.50 per common share in a private placement financing for the purpose of raising gross proceeds of approximately $231.6 million, and net proceeds of $224.9 million after the payment of financing fees, substantially all of which will be used as a portion of the consideration required to merge with Jamba Juice Company, as well as for working capital and expansion capital. The stock option plan proposal pursuant to which SACI will reserve up to 5,000,000 shares of common stock for issuance pursuant to the plan. The amendment to the certificate of incorporation proposal to increase the number of authorized shares of common stock to 150,000,000 shares (from 70,000,000 shares) and change SACI�s name from �Services Acquisition Corp. International� to �Jamba, Inc.� As previously announced, NASDAQ has approved the listing of the Company�s common stock, units and warrants for trading on the NASDAQ Global Market. It is currently anticipated that the Company�s common stock, units and warrants will commence trading at the open of business on Wednesday, November 29, 2006, the anticipated date of the consummation of the merger. The Company has submitted to the American Stock Exchange a request for withdrawal of the listing of their common stock, units and warrants, effective as of the close of business on November 28, 2006. Based on today�s shareholder approvals, SACI will change its name to Jamba Inc. and its securities will begin trading under the following symbols: Common stock will trade under �JMBA� Units will trade under �JMBAU� Warrants will trade under �JMBAW� About SACI SACI 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 Company had dedicated its time to seeking and evaluating business combination opportunities. The management of SACI includes former executives from organizations such as Blockbuster Entertainment Group, AutoNation and Boca Resorts. About Jamba Juice Company Jamba Juice Company is the category-defining leader in healthy blended beverages, juices, and good-for-you snacks. Founded in 1990 in California, today Jamba Juice Company has more than 585 company and franchised stores in 23 states nationwide with approximately 9,000 team members. 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 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 Company 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 Company'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: 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 Company is engaged; demand for the products and services that Jamba Juice Company 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 Company assumes any obligation to update the information contained in this press release. Services Acquisition Corp. International (AMEX:SVI; AMEX:SVI.U; AMEX:SVI.WT; "SACI") today announced that its shareholders have approved the merger between SACI and Jamba Juice Company at a special meeting of shareholders. The transaction is expected to close on Wednesday, November 29, 2006. Under terms of the Agreement and Plan of Merger, dated March 10, 2006 (as amended), SACI will acquire all of the outstanding securities of Jamba Juice Company and Jamba Juice Company will become a wholly-owned subsidiary of SACI. SACI shareholders also approved: -- The financing proposal which involves the issuance of 30,879,999 shares of common stock at $7.50 per common share in a private placement financing for the purpose of raising gross proceeds of approximately $231.6 million, and net proceeds of $224.9 million after the payment of financing fees, substantially all of which will be used as a portion of the consideration required to merge with Jamba Juice Company, as well as for working capital and expansion capital. -- The stock option plan proposal pursuant to which SACI will reserve up to 5,000,000 shares of common stock for issuance pursuant to the plan. -- The amendment to the certificate of incorporation proposal to increase the number of authorized shares of common stock to 150,000,000 shares (from 70,000,000 shares) and change SACI's name from "Services Acquisition Corp. International" to "Jamba, Inc." As previously announced, NASDAQ has approved the listing of the Company's common stock, units and warrants for trading on the NASDAQ Global Market. It is currently anticipated that the Company's common stock, units and warrants will commence trading at the open of business on Wednesday, November 29, 2006, the anticipated date of the consummation of the merger. The Company has submitted to the American Stock Exchange a request for withdrawal of the listing of their common stock, units and warrants, effective as of the close of business on November 28, 2006. Based on today's shareholder approvals, SACI will change its name to Jamba Inc. and its securities will begin trading under the following symbols: -- Common stock will trade under "JMBA" -- Units will trade under "JMBAU" -- Warrants will trade under "JMBAW" About SACI SACI 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 Company had dedicated its time to seeking and evaluating business combination opportunities. The management of SACI includes former executives from organizations such as Blockbuster Entertainment Group, AutoNation and Boca Resorts. About Jamba Juice Company Jamba Juice Company is the category-defining leader in healthy blended beverages, juices, and good-for-you snacks. Founded in 1990 in California, today Jamba Juice Company has more than 585 company and franchised stores in 23 states nationwide with approximately 9,000 team members. 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 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 Company 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 Company'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: 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 Company is engaged; demand for the products and services that Jamba Juice Company 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 Company assumes any obligation to update the information contained in this press release.