Friday, February 12, 2010
JBI, Inc. Appoints Amy Bradshaw to its Board of Directors
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI,
Inc. (the "Company") (OTCBB:
JBII) is pleased to announce that Amy Bradshaw has been
selected as an independent Director on JBI's Board of
Directors.
Ms. Bradshaw is a results-driven, resourceful career businesswoman
with experience in consulting and industry. Ms. Bradshaw has
contributed and managed in a variety of corporate functions
including accounting, finance, purchasing, professional services
and marketing. Her previous employers include
PricewaterhouseCoopers, Arthur Andersen and Cerner Corporation.
Among her accomplishments, Amy managed a $65 million business unit
that experienced growth in revenue, margin and operating income
while under her leadership.
Ms. Bradshaw completed her undergraduate studies at Miami
University. Graduating magna cum laude, Amy earned dual
bachelor degrees in Manufacturing Engineering and
Accountancy. She went on to become a Certified Public
Accountant and maintains membership in the American Institute of
Certified Public Accountants. Ms. Bradshaw completed her MBA
at the University of Virginia's Darden School of Business.
Amy currently serves on the Board of Directors of Consensus, a
non-profit organization with the purpose of increasing public
engagement in policymaking. She is a member of the United
Way's Young Leaders Society, volunteering her time to children's
organizations and is a proud supporter of the arts, assisting in
fundraising for the local arts community.
Regarding her appointment to the JBI Board, Ms. Bradshaw commented,
"I am honored to serve on the JBI Board of Directors. I
highly respect John Bordynuik and the JBI team for their approach
to business As a Director, I will loyally serve the interest of JBI
and its shareholders. I look forward to witnessing and
participating in JBI's successful deployment of new technologies
and subsequent accomplishments within the marketplace."
John Bordynuik noted, "Ms. Bradshaw has a truly outstanding resume
of successful accomplishments. She possesses strong
leadership qualities, excellent business acumen, impressive
creative and marketing ability, and operational expertise. Amy will
be valuable in helping our team with increasing brand awareness,
improving operational efficiencies, and progressive marketing
strategies. She looks forward to assisting JBI with our growth
plans and will be proactive in representing our growing shareholder
base."
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