Friday, February 12, 2010
JBI, Inc. -- IsleChem Contributions to P2O
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI,
Inc. (the "Company") (OTCBB: JBII) announces that IsleChem, a state
certified laboratory, has been working closely with the Company
since December 2009 on chemical, analytical and process engineering
for its P2O technology. The core businesses of IsleChem are
Contract R&D, Contract Manufacturing, Scale Up Services,
Analytical Services, Contract Technical Services, and
Environmental Services. Full details of the company's expertise and
professional services may be viewed at http://www.islechem.com
IsleChem is currently running a JBI processor at their site and
gathering analytical data to support the Company's green claims and
technology. The analytical data IsleChem is collecting covers a
range of post consumer feedstocks and will be utilized to enable
the JBI global growth strategy.
As well, IsleChem has been supporting JBI's engineers to
maximize process efficiency and fuel output for target
markets.
CEO John Bordynuik commented, "JBI welcomes IsleChem's research
scientist's knowledge, analytical capability and industrial
expertise to the P2O team. IsleChem is able to work at the
molecular level to further improve P2O's efficiency and hydrocarbon
output and working closely with such a local partner continues to
be a key component of our business strategy. This P2O process is a
home run for JBI and I am extremely pleased with how it is
operating."
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™ 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