Friday, March 26, 2010
JBI, Inc. Updates Details on Annual Shareholders' Meeting Set for April 24, 2010
NIAGARA FALLS, Ontario, March 26, 2010 (GLOBE NEWSWIRE) -- The
Annual Shareholders' Meeting of JBI, Inc. (the "Company") (OTCBB:
JBII) will be held at the Fallsview Casino Resort in Niagara
Falls, Canada in the Grand Ballroom Hall C on April 24, 2010 at
1:30 pm EDT. The meeting will be open only to shareholders, who
must pre-register their attendance and produce identification and
proof of share ownership through a purchase confirmation,
statement, copy of share certificate or otherwise. More details
about the JBI, Inc. AGM and pre-registration process can be found
on the Company's website at www.jbiglobal.com.
P20 Technology Tours
JBI, Inc. has refined the process for converting plastic to oil
(P2O) with the incorporation of a reusable chemical catalyst and
will be scheduling appointments to tour the P2O technology on
Sunday, April 25, 2010. Availability of the P20 tours is limited
and is restricted to shareholders who may register their interest
by following the directions on AGM pages of the company website at
www.jbiglobal.com.
CEO John Bordynuik commented, "I am looking forward to updating
our shareholders on our progress, introducing some key officers,
directors, employees, and demonstrating a large operating,
continuous-feed P2O processor. Although I am very pleased with our
accomplishments to date, our experienced and energetic management
team is not resting. There is much more to accomplish as we launch
our Pak-It rollout and expand our global P2O footprint."
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") distributes over 100 lines of equipment
serving the Cable Telecommunications industry, cable systems and
their contractors. Supplier of tools and test equipment, RF and
fiber optic connectivity accessories, and many other related items,
JAVACO adds new lines of products as technology changes. With much
experience working in Latin America, 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+1 (916) 990-3667