Friday, February 12, 2010
JBI Inc. CEO Will be a Guest Speaker at African Petroleum Producers Association Event
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI,
Inc. (the "Company") (OTCBB:
JBII) announces that John Bordynuik, CEO / President, will be
traveling to Africa in late March, 2010, where he has been invited
to be a guest lecturer at CAPE IV, speaking about JBI's unique tape
transcription technology.
The event is organized by the African Petroleum Producers
Association (APPA), see http://www.appa.int/en/pres/index.html
, the Ministry of Hydrocarbures, Democratic Republic of Congo and
AME Trade Ltd, UK. The 4th African Petroleum Congress &
Exhibition will be held March 24 - 27, 2010 at Palais du Peuple,
Kinshasa, Democratic Republic of Congo
Delegations attending CAPE IV will come from the sixteen petroleum
producing members of APPA namely: Algeria, Angola, Benin, Cameroon,
Congo, Congo DRC, Cote D'Ivoire, Egypt, Equatorial Guinea, Gabon,
Libya, Mauritania, Nigeria, South Africa, Sudan and Tchad
CAPE IV represents the veritable "World Cup of African Oil", as
investors, institutions, and money managers will be competing for
over 100 billion barrels of proven oil reserves contained in APPA
member countries. Visit http://cape-2010.com/html/indexEN.html
for further information.
Bordynuik stated, "I was delighted to accept the speaker invitation
to this influential conference, as I believe that many valuable
business connections and corporate expansion possibilities will
result from my attendance."
About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader
whose purpose is to mine data from JBI's large information archive,
find under-productive entities to inject our superior proprietary
technologies into, and benefit from increased productivity and
profitability, beginning with Plastic2Oil. JBI has also acquired
the following operations:
JAVACO, Inc. ("JAVACO") is part of the Supplier Diversity Network,
WBENC. JAVACO, Inc. currently distributes over 100 lines of
equipment from fiber optic transmitters to RF connectors. To
further enhance business in the United States, new distribution
lines are frequently being added including a line of home theater
and audio video products. JAVACO will operate and manage the
Company's Plastic2Oil sites in Mexico.
Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery
system (liquid cleaner in a water soluble sachet) Pak-It can
deliver glass cleaner, disinfectant, multi-purpose, and many more
cleaning products (42 products currently) shipped in tiny packages
of condensed cleaner (inside a 'dry' 1 quart container). This
delivery method is "green" since it's fully biodegradable and saves
thousands of dollars in shipping. The user simply adds water to the
container without measuring or cutting the Pak-It. Large retailers
and many national Building Service Contractors already using the
product have documented significant cost savings from shipping,
training, inventory control and space.
Accordingly, our revenue sources presently include (i) income from
reading archived tapes (including microfiche) from clients such as
NASA, (ii) income from the recently acquired JAVACO, Inc., (iii)
income from the sale of Pak-It products, and a bulk chemical
facility which we realized beginning October 1, 2009, and (iv) from
the anticipated commencement of operations in the first quarter of
2010 with Plastic2Oil, a process and service that converts plastic
to fuel oil. For more information, please see http://www.jbiglobal.com
and http://www.javacoinc.com
and http://www.pakit.com/.
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act. The Private
Securities Litigation Reform Act of 1995 (PSLRA) implemented
several significant substantive changes affecting certain cases
brought under the federal securities laws, including changes
related to pleading, discovery, liability, class representation and
awards fees as of 1995. Those statements include statements
regarding the intent, belief or current expectations of JBI, Inc.,
and members of its management as well as the assumptions on which
such statements are based. Prospective investors are cautioned that
any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. The Company undertakes no obligation to
update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
CONTACT: JBI, Inc.
John Bordynuik, President and CEO
john@johnbordynuik.com
Investor Relations
James Parker
+1 (916) 990-3667
jparker@jbiglobal.com