Friday, February 12, 2010
JBI, Inc. Appoints Theodore J. Henry to Its Board of Directors
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI,
Inc. (the "Company") (OTCBB:
JBII) is pleased to announce that Theodore J. Henry is JBI's
newest appointed independent Board member.
JBI's newest appointed independent Board member is Theodore J.
Henry, who graduated Magna cum Laude in 1990 from Loyola College of
Maryland with a B.S. in Biology. Mr. Henry then received his
Masters in Toxicology in 1996 from the University of Maryland,
Baltimore, graduating Summa cum Laude.
As an environmental consultant, Ted worked as a technical advisor
to community organizations participating in the cleanup of
contaminated sites and developed community involvement programs for
government entities looking to proactively involve stakeholders
affected by contamination and the cumbersome cleanup process.
During this time, he worked closely with a variety of government
and regulatory agencies, including the U.S. Environmental
Protection Agency, U.S. Department of Defense and several state
health and environmental agencies, and served on a variety of
advisory and policy development boards and workgroups, including
several on which he served in a volunteer capacity for multiple
years.
With 14 years of this unique experience, including running his own
small consulting company for half of that stretch, Ted is skilled
in assessing complicated and voluminous information, working with
diverse perspectives and understanding their individual thoughts
and concerns, comprehending regulatory policy and frameworks, and
communicating technical and detailed information to the layperson
in a variety of forums and formats.
Commenting on his appointment to JBI's Board of Directors, Mr.
Henry said, "Not too long ago, I walked away from a significant
income because a client wanted me to do something I believed to be
inappropriate and counter to their own policy. Since that
time, I have read about many companies and tracked the wreck of
Wall Street and our economy quite closely. Then, in 2009, I ran
across 310 Holdings, now JBII, and John Bordynuik. The more I
learned about him, the more impressed I became with his ethic,
honesty, transparency and vision. I believe that John
Bordynuik is a man of excellent character and that JBII simply has
great potential. In turn, I was honored that John asked me to
serve on the Board of Directors and I am extremely eager and
excited to get started."
Bordynuik concluded, "Ted Henry showed significant interest and
commitment to JBII the first time I met him. Then, in the
months that followed, I learned how he ran his own business, as
well as his unique work and grassroots experience, his scientific
background, and his very strong communications skills. With such
experience and abilities, it was clear to our team that he would be
a valuable asset and should be included on the Board of
Directors. I look forward to working with him in the years
ahead."
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
jparker@jbiglobal.com
+1 (916) 990-3667