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Sample Financial Statement

EXHIBIT J FINANCIAL STATEMENTS

THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT

AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES

SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAD

AUDITED THESE FIGURES OR EXPRESSED HIS/HER OPINION WITH

REGARD TO THE CONTENT OR FORM.

Deloitte &Touche

INDEPENDENT AUDITORS' REPORT

To the Board of Directors and Stockholders Jamba Juice Company and Subsidiary

We have audited the accompanying consolidated balance sheets of Jamba Juice Company and subsidiary as of June 25,2002 and June 26,2001 and the related consolidated statements of operations, common stockholders' deficit, and cash flows for each of the three fiscal years in the period ended June 25, 2002. These consolidated financial statements are the responsibility of the Company's management- Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the oveiall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Jamba Juice Company and subsidiary as of June 25, 2002 and June 26, 2001 and the results of their operations and their cash flows for each of the three fiscal years in the period ended June 25, 2002 in conformity with accounting principles generally accepted in the United States of America.

As discussed in Note 17 to the financial statements, the Company is a defendant in litigation with its landlord regarding a lease dispute on its corporate headquarters, certain employees regarding overtime wages and certain franchisees on other issues-

September 13,2002

Deloitte

Touche

Tohmatsu

The original file could not be completely converted to text. Below is an excerpt from the file. The original file can be downloaded at the link above.