JBI Press Releasehttp://www.jbiglobal.comhttp://jbi.hdcitycasts.comJBI most recent press releases.Copyright 2006 - 2010. All rights reserved.1/19/2010 10:40:09 PMJBI, Inc. Debuts DropShot Cleaners in National Television Campaignhttp://www.jbiglobal.com/news/2010-press-releases/20100730-drop-shot-launch.aspxFri, 30 Jul 2010 00:00:00 GMTNIAGARA FALLS, Ontario, July 30, 2010 (GLOBE NEWSWIRE) -- JBI, Inc.'s (the "Company") (OTCBB: JBIIE) Pak-It division is set to launch its first residential line of cleaning products, DropShot Cleaners. This patented and eco-friendly line of cleaning products introduces an innovative delivery system which allows consumers to reduce the number of plastic bottles they use each year - while providing commercial strength cleaning for a great value.  The campaign introduces the retail marketplace to this unique delivery system through nationally broadcast commercials and an online store.

The DropShot Cleaners novel delivery method comes in the form of dissolvable refill packets, which allows consumers to simply drop the packet into the empty bottle, fill with water and the product is ready for use. DropShot also eliminates the danger of handling concentrated cleaning agents.

The advertising campaign is being managed by Detroit-based ad agency Western Creative, Inc. The campaign involves the use of recently developed 60-second and 120-second commercials as well as the new eCommerce DropShot website www.BuyDropShot.com. Beginning August 2nd, the campaign will be airing nationally on networks such as Bravo, Oxygen, and Women's Entertainment (We).

The launch of DropShot cleaners provides retail consumers with an effective cleaning product that is also eco-friendly. Along with cutting household plastic bottle waste, many DropShot cleaners carry the Design for the Environment designation from the Environmental Protection Agency (EPA). This means those cleaners in the DropShot line were created specifically to use the safest chemicals in their class - providing strong cleaning power, yet still maintaining safe family use.

The product launch will begin with a special TV offer available for phone or online orders only. The DropShot Cleaning kit comes with the following products: the DropShot Glass and Hard Surface Cleaner, All-Purpose Citrus Cleaner, Multi-Surface Heavy-Duty Grease Cutter, and the Autumn Fresh Odor Eliminator. When buying the special introductory offer, customers will receive two refills for each cleaner - a total of 12 cleaners for only $19.95. DropShot Cleaners are available online now at www.BuyDropShot.com. 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, Pak-It LLC and our planned Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on July 9, 2010, with the Securities and Exchange Commission, and its other SEC filings. 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.
          Investor Relations
          John Zervas
          (877) 307-7067

          jpz@jbi-ir.com
]]>NIAGARA FALLS, Ontario, July 30, 2010 (GLOBE NEWSWIRE) -- JBI, Inc.'s (the "Company") (OTCBB: JBIIE) Pak-It division is set to launch its first residential line of cleaning products, DropShot Cleaners. This patented and eco-friendly line of cleaning products introduces an innovative delivery system which allows consumers to reduce the number of plastic bottles they use each year - while providing commercial strength cleaning for a great value.  The campaign introduces the retail marketplace to this unique delivery system through nationally broadcast commercials and an online store.

The DropShot Cleaners novel delivery method comes in the form of dissolvable refill packets, which allows consumers to simply drop the packet into the empty bottle, fill with water and the product is ready for use. DropShot also eliminates the danger of handling concentrated cleaning agents.

The advertising campaign is being managed by Detroit-based ad agency Western Creative, Inc. The campaign involves the use of recently developed 60-second and 120-second commercials as well as the new eCommerce DropShot website www.BuyDropShot.com. Beginning August 2nd, the campaign will be airing nationally on networks such as Bravo, Oxygen, and Women's Entertainment (We).

The launch of DropShot cleaners provides retail consumers with an effective cleaning product that is also eco-friendly. Along with cutting household plastic bottle waste, many DropShot cleaners carry the Design for the Environment designation from the Environmental Protection Agency (EPA). This means those cleaners in the DropShot line were created specifically to use the safest chemicals in their class - providing strong cleaning power, yet still maintaining safe family use.

The product launch will begin with a special TV offer available for phone or online orders only. The DropShot Cleaning kit comes with the following products: the DropShot Glass and Hard Surface Cleaner, All-Purpose Citrus Cleaner, Multi-Surface Heavy-Duty Grease Cutter, and the Autumn Fresh Odor Eliminator. When buying the special introductory offer, customers will receive two refills for each cleaner - a total of 12 cleaners for only $19.95. DropShot Cleaners are available online now at www.BuyDropShot.com. 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, Pak-It LLC and our planned Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on July 9, 2010, with the Securities and Exchange Commission, and its other SEC filings. 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.
          Investor Relations
          John Zervas
          (877) 307-7067

          jpz@jbi-ir.com
]]>JBI, Inc. Securities to Trade on OTCQX U.S. Premier Markethttp://www.jbiglobal.com/news/2010-press-releases/20100723-otcqx-announcement.aspxFri, 23 Jul 2010 00:00:00 GMTNIAGARA FALLS, Ontario, July 23, 2010 (GLOBE NEWSWIRE) -- On Wednesday, July 21, 2010, JBI, Inc. (the "Company") (OTCBB: JBIIE) received approval of its application to the OTCQX U.S. Premier marketplace (www.otcqx.com). The Company was further advised on Wednesday, July 21, 2010 that quotation could begin as early as Friday, July 23, 2010. On Thursday, July 22, 2010, management was informed that, in fact, the timing of the transition would be determined by the removal of the "E" from the Company's stock symbol. Management is filing an emergency motion with the hearing officer handling management's case with FINRA to seek removal of the "E." As soon as a hearing is held and the hearing officer renders a decision, the Company will provide a further update. It is management's understanding that once the Company became compliant with SEC reporting requirements by filing its first quarter Form 10-Q on Friday, July 16, 2010, that the "E" would be removed within three business days. Management has not been provided an explanation for why the "E" has not been removed.

The OTCQX marketplace is the premier tier of Pink OTC Markets Inc. interdealer quotation service providing investors with an objective measure to distinguish OTC-traded companies. Trading on the OTCQX provides investors with transparent, fully electronic trading, superior access to information, and efficiency through many major online and full-service brokerage firms. The OTCQX Premier has many listing requirements including financial and market-related minimums and the conduct of annual shareholders' meetings. Unlike the OTC Bulletin Board, the OTCQX is not owned by FINRA. 

The Company is pleased to join other global companies that trade their securities on the OTCQX including, among others, Adidas, Air France-KLM, Allianz, AXA, BASF, Benetton, BNP Paribas, Deutsche Telekom, Marks & Spencer, Roche, Wal-Mart de Mexico and Zurich Financial Services. 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our planned Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on July 9, 2010, with the Securities and Exchange Commission, and its other SEC filings. 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.

JBI, Inc. All rights reserved.

CONTACT:  JBI, Inc.
          Investor Relations
          John Zervas
          (877) 307-7067

          jpz@jbi-ir.com
]]>NIAGARA FALLS, Ontario, July 23, 2010 (GLOBE NEWSWIRE) -- On Wednesday, July 21, 2010, JBI, Inc. (the "Company") (OTCBB: JBIIE) received approval of its application to the OTCQX U.S. Premier marketplace (www.otcqx.com). The Company was further advised on Wednesday, July 21, 2010 that quotation could begin as early as Friday, July 23, 2010. On Thursday, July 22, 2010, management was informed that, in fact, the timing of the transition would be determined by the removal of the "E" from the Company's stock symbol. Management is filing an emergency motion with the hearing officer handling management's case with FINRA to seek removal of the "E." As soon as a hearing is held and the hearing officer renders a decision, the Company will provide a further update. It is management's understanding that once the Company became compliant with SEC reporting requirements by filing its first quarter Form 10-Q on Friday, July 16, 2010, that the "E" would be removed within three business days. Management has not been provided an explanation for why the "E" has not been removed.

The OTCQX marketplace is the premier tier of Pink OTC Markets Inc. interdealer quotation service providing investors with an objective measure to distinguish OTC-traded companies. Trading on the OTCQX provides investors with transparent, fully electronic trading, superior access to information, and efficiency through many major online and full-service brokerage firms. The OTCQX Premier has many listing requirements including financial and market-related minimums and the conduct of annual shareholders' meetings. Unlike the OTC Bulletin Board, the OTCQX is not owned by FINRA. 

The Company is pleased to join other global companies that trade their securities on the OTCQX including, among others, Adidas, Air France-KLM, Allianz, AXA, BASF, Benetton, BNP Paribas, Deutsche Telekom, Marks & Spencer, Roche, Wal-Mart de Mexico and Zurich Financial Services. 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our planned Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on July 9, 2010, with the Securities and Exchange Commission, and its other SEC filings. 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.

JBI, Inc. All rights reserved.

CONTACT:  JBI, Inc.
          Investor Relations
          John Zervas
          (877) 307-7067

          jpz@jbi-ir.com
]]>JBI, Inc. to Hold Earnings Conference Callhttp://www.jbiglobal.com/news/2010-press-releases/20100716-earnings-call.aspxFri, 16 Jul 2010 00:00:00 GMT

JBI, Inc. to Hold Earnings Conference Call

NIAGARA FALLS, Ontario, July 16, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBIIE) announced today that Chief Executive Officer John Bordynuik  will host a conference call to discuss the Company's financial results for the fiscal 2010 first quarter ended March 31, 2010.

The call information is as follows:

  • Date: Wednesday, July 21, 2010
  • Time: 4:30 p.m. Eastern Daylight Time
  • Dial-in number for US/Canada: 1-877-407-8035
  • Dial-In number for international callers: +1 201-689-8035
  • Conference ID: 354160

The call will also be available in real time via webcast over the Internet at: http://www.investorcalendar.com/IC/CEPage.asp?ID=160560.

A recording of the call will be made available on the Company website ( www.jbiglobal.com) for those who are unable to participate.

The Company would like to address as many questions from the investment community as possible during the call and therefore inquiries may be submitted via email to questions@jbi-ir.com by noon EDT on Tuesday, July 20, 2010. Any questions that are not addressed during the call will be addressed by JBI's Investor Relations personnel following the call. 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our planned Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably.For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on July 9, 2010, with the Securities and Exchange Commission, and its other SEC filings. 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.
          Investor Relations
          John Zervas
          (877) 307-7067

          jpz@jbi-ir.com
]]>

JBI, Inc. to Hold Earnings Conference Call

NIAGARA FALLS, Ontario, July 16, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBIIE) announced today that Chief Executive Officer John Bordynuik  will host a conference call to discuss the Company's financial results for the fiscal 2010 first quarter ended March 31, 2010.

The call information is as follows:

  • Date: Wednesday, July 21, 2010
  • Time: 4:30 p.m. Eastern Daylight Time
  • Dial-in number for US/Canada: 1-877-407-8035
  • Dial-In number for international callers: +1 201-689-8035
  • Conference ID: 354160

The call will also be available in real time via webcast over the Internet at: http://www.investorcalendar.com/IC/CEPage.asp?ID=160560.

A recording of the call will be made available on the Company website ( www.jbiglobal.com) for those who are unable to participate.

The Company would like to address as many questions from the investment community as possible during the call and therefore inquiries may be submitted via email to questions@jbi-ir.com by noon EDT on Tuesday, July 20, 2010. Any questions that are not addressed during the call will be addressed by JBI's Investor Relations personnel following the call. 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our planned Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably.For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on July 9, 2010, with the Securities and Exchange Commission, and its other SEC filings. 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.
          Investor Relations
          John Zervas
          (877) 307-7067

          jpz@jbi-ir.com
]]>JBI, Inc. to Issue Restated Financial Statementshttp://www.jbiglobal.com/news/2010-press-releases/20100610-financials-restatement.aspxThu, 10 Jun 2010 00:00:00 GMTNIAGARA FALLS, Ontario, June 10, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBIIE) is providing notice that the Company's previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission ("SEC") on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed  on Form 10-Q with the SEC on  November 16, 2009, should no longer be relied upon due to questions regarding: 1)  the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2)  the valuation of media credits acquired by the Company during 2009 through the issuance of common stock. The Company's former independent registered public accounting firm, Gately and Associates, which was dismissed on May 13, 2010, was informed of the matters disclosed above.

Subject to approval by its new independent auditors, Withum Smith + Brown, PC, the Company intends to file revised financial statements as soon as they are available.  The Company has hired Moore Stevens to assist in this effort, and provide ongoing accounting expertise.

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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.
          Investor Relations
          James Parker
          +1 (916) 990-3667 
          jparker@jbiglobal.com
]]>NIAGARA FALLS, Ontario, June 10, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBIIE) is providing notice that the Company's previously issued audited financial statements for the year ended December 31, 2009, filed on Form 10-K with the Securities & Exchange Commission ("SEC") on March 31, 2010 and the interim financial statements for the period ended September 30, 2009, filed  on Form 10-Q with the SEC on  November 16, 2009, should no longer be relied upon due to questions regarding: 1)  the accounting treatment and related disclosures of two acquisitions which were completed during 2009 and 2)  the valuation of media credits acquired by the Company during 2009 through the issuance of common stock. The Company's former independent registered public accounting firm, Gately and Associates, which was dismissed on May 13, 2010, was informed of the matters disclosed above.

Subject to approval by its new independent auditors, Withum Smith + Brown, PC, the Company intends to file revised financial statements as soon as they are available.  The Company has hired Moore Stevens to assist in this effort, and provide ongoing accounting expertise.

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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.
          Investor Relations
          James Parker
          +1 (916) 990-3667 
          jparker@jbiglobal.com
]]>JBI, Inc. Hires Vice President of Marketing and Communicationshttp://www.jbiglobal.com/news/2010-press-releases/20100601-vp-communication.aspxTue, 01 Jun 2010 00:00:00 GMTNIAGARA FALLS, Ontario, June 1, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (Pink Sheets:JBIIE) has hired Amy Bradshaw as Vice President of Marketing and Communications. Ms. Bradshaw has 15 years of business and consulting experience across multiple industries. Her primary responsibilities will include shareholder communication and marketing for JBI and Pak-It. In order to maintain a majority of independent members, Ms. Bradshaw has resigned her position as a member of the Company's Board of Directors.   

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, Pak-It LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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.
         Investor Relations
         James Parker
         +1 (916) 990-3667
         jparker@jbiglobal.com
]]>NIAGARA FALLS, Ontario, June 1, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (Pink Sheets:JBIIE) has hired Amy Bradshaw as Vice President of Marketing and Communications. Ms. Bradshaw has 15 years of business and consulting experience across multiple industries. Her primary responsibilities will include shareholder communication and marketing for JBI and Pak-It. In order to maintain a majority of independent members, Ms. Bradshaw has resigned her position as a member of the Company's Board of Directors.   

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, Pak-It LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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.
         Investor Relations
         James Parker
         +1 (916) 990-3667
         jparker@jbiglobal.com
]]>JBI, Inc. Provides Update on Release of Quarterly Filinghttp://www.jbiglobal.com/news/2010-press-releases/20100526-financials-delay.aspxWed, 26 May 2010 00:00:00 GMTNIAGARA FALLS, Ontario, May 26, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) has been delayed in filing its quarterly financial statements due to a recent change in our independent registered accounting firm. JBI made the decision earlier this month to upgrade to a larger regional firm to better support our growing business and to prepare for the rollout of our Plastic2Oil technology.  The new auditor requires time to completely review our company before they can certify any future filings.  This review is currently taking place and includes the valuation of JBI's business units.  The financials for our quarter ended March 31, 2010 and the re-audited financials for our previously filed Form 10-K will be prepared by our new independent registered accounting firm. 

About JBI, Inc.

 JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable.  JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns.  JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business.  Information on our company and all of our products and services can be found at www.jbiglobal.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.
          Investor Relations
          James Parker
          +1 (916) 990-3667 
          jparker@jbiglobal.com
]]>NIAGARA FALLS, Ontario, May 26, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) has been delayed in filing its quarterly financial statements due to a recent change in our independent registered accounting firm. JBI made the decision earlier this month to upgrade to a larger regional firm to better support our growing business and to prepare for the rollout of our Plastic2Oil technology.  The new auditor requires time to completely review our company before they can certify any future filings.  This review is currently taking place and includes the valuation of JBI's business units.  The financials for our quarter ended March 31, 2010 and the re-audited financials for our previously filed Form 10-K will be prepared by our new independent registered accounting firm. 

About JBI, Inc.

 JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable.  JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns.  JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business.  Information on our company and all of our products and services can be found at www.jbiglobal.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.
          Investor Relations
          James Parker
          +1 (916) 990-3667 
          jparker@jbiglobal.com
]]>JBI, Inc. Completes Private Placementhttp://www.jbiglobal.com/news/2010-press-releases/20100521-private-placement.aspxFri, 21 May 2010 00:00:00 GMTNIAGARA FALLS, Ontario, May 21, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) has completed a private placement. A total of 488,779 shares were sold at $4.00 per share allowing the Company to raise a total of $1,955,116.

JBI CEO John Bordynuik commented, "The money raised in this placement will allow JBI to run all continuing operations and support development of our Plastic2Oil rollout."

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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.
          Investor Relations
          James Parker
          +1 (916) 990-3667 
          jparker@jbiglobal.com
]]>NIAGARA FALLS, Ontario, May 21, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) has completed a private placement. A total of 488,779 shares were sold at $4.00 per share allowing the Company to raise a total of $1,955,116.

JBI CEO John Bordynuik commented, "The money raised in this placement will allow JBI to run all continuing operations and support development of our Plastic2Oil rollout."

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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.
          Investor Relations
          James Parker
          +1 (916) 990-3667 
          jparker@jbiglobal.com
]]>JBI, Inc. Completes Employment Agreement for CEO John Bordynuikhttp://www.jbiglobal.com/news/2010-press-releases/20100520-employment-agreement.aspxThu, 20 May 2010 00:00:00 GMTNIAGARA FALLS, Ontario, May 20, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) today entered into an employment agreement including a compensation plan for CEO John Bordynuik. The compensation plan will commence upon issuance of the production permit for the Company's first Plastic2Oil processor. The five year agreement provides Mr. Bordynuik with a base salary as well as option awards contingent upon specific milestone achievements consistent with JBI's value-based management philosophy. Compensation will be reviewed by the Board of Directors' Compensation Committee annually.

Mr. John M. Wesson, Chair of the Compensation Committee, commented, "This agreement affirms John Bordynuik's efforts to build value for JBI shareholders and provides him with compensation for achieving milestones significant to the growth of the Company. The Board looks forward to establishing additional incentives as soon as the outlined goals have been achieved." 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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
]]>NIAGARA FALLS, Ontario, May 20, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) today entered into an employment agreement including a compensation plan for CEO John Bordynuik. The compensation plan will commence upon issuance of the production permit for the Company's first Plastic2Oil processor. The five year agreement provides Mr. Bordynuik with a base salary as well as option awards contingent upon specific milestone achievements consistent with JBI's value-based management philosophy. Compensation will be reviewed by the Board of Directors' Compensation Committee annually.

Mr. John M. Wesson, Chair of the Compensation Committee, commented, "This agreement affirms John Bordynuik's efforts to build value for JBI shareholders and provides him with compensation for achieving milestones significant to the growth of the Company. The Board looks forward to establishing additional incentives as soon as the outlined goals have been achieved." 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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
]]>JBI, Inc.'s JAVACO Division Increases Sales 52%http://www.jbiglobal.com/news/2010-press-releases/20100426-javaco-sales-increase.aspxMon, 26 Apr 2010 00:00:00 GMTNIAGARA FALLS, Ontario, April 26, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) would like to announce that its JAVACO division achieved a 52% increase in sales for the first quarter of 2010 compared to the first quarter of 2009. JAVACO was able to achieve higher sales partly due to an extended line of credit provided by JBI, Inc., allowing JAVACO to accept larger orders. 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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
]]>NIAGARA FALLS, Ontario, April 26, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) would like to announce that its JAVACO division achieved a 52% increase in sales for the first quarter of 2010 compared to the first quarter of 2009. JAVACO was able to achieve higher sales partly due to an extended line of credit provided by JBI, Inc., allowing JAVACO to accept larger orders. 

About JBI, Inc.

JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT LLC and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.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
]]>JBI, Inc. Announces That IsleChem Validated Their Plastic to Oil Processhttp://www.jbiglobal.com/news/2010-press-releases/isle-chem-validation.aspxTue, 13 Apr 2010 00:00:00 GMTNIAGARA FALLS, Ontario, April 13, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) announces that IsleChem, a state certified laboratory, has validated its P2O process. Since December 2009, IsleChem has conducted extensive chemical, analytical and process engineering testing for JBI's P2O technology on a diversified range of plastic feedstocks. A wide variety of plastics were tested and all produced residue of only about 1%, which is allowed in landfills.

In their continuing efforts to analyze the P2O process, Islechem has performed more than 40 small scale runs of various multicoloured, mixed plastic feedstocks through the process. After analyzing the energy consumption, residue, off-gas, and material balance in the process, Islechem has determined JBI's P2O process to be repeatable and scalable. In addition to the confirmed validity of the overall process, Islechem has provided the following statistics regarding the fuel product composition and process emissions:

  • JBI's P2O solution is repeatable and scalable.
  • Approximately 85-90% of the hydrocarbon composition in the feedstock is converted into a "near diesel" fuel.
  • Approximately 8% of the hydrocarbon composition in the feedstock is converted to a usable off gas much like natural gas.
  • Approximately 1% of the feedstock remains in the processor as a residue.
  • This analyzed residue contains various metals from coloring agents and other plastic additives that were originally in the feedstock plastic and a small amount of carbon.
  • The fuel product was analyzed with a gas chromatograph and the chromatogram is similar in many respects to diesel fuel.
  • The fuel product viscosity is approximately 2 cst @ 40 degrees C, and is an amber fuel.
  • The fuel product contains only trace amounts of sulphur.
  • The fuel product centane number exceeds 40.
  • The residue does not appear to contain any highly toxic or difficult to dispose of components.
  • There is no evidence of air toxins in the emissions.
  • The energy balance of the process is positive; that is, more energy value is produced than is consumed by the process. Early data suggests that it is by as much as a factor of two.

IsleChem's results confirmed the Company's results. Furthermore, the process is proven to be scalable to 20 T or larger processors and promises to be free of any harmful emissions or toxic residues, and a high positive energy balance, thus maintaining compliance with the "green" efforts of JBI. 

The Company currently has two small scale processors including a 1 kg processor, a 1 ton mobile processor, and a large scale 20 ton processor that will be demonstrated at the Company's P2O factory tour.

The "near diesel" fuel is diesel with some extra light fuel fractions (gasoline range fuel). The extra gasoline can be separated at the Company's fuel blending site or our fuel can be sold to a refinery. The Company is working with Islechem to add an additional piece of hardware to the P2O processor to separate the extra light fuel (which is valuable) from the output fuel. The company has been able to shift the output fuel range from light hydrocarbon gasoline fuels to heavy oils.

CEO John Bordynuik stated, "It takes energy to produce energy. The key is to get more energy from the final product than it takes to make it. Our process has a high positive energy balance of 2.0 while gasoline from crude has a negative energy balance of 0.81.Our fuel is light, flows like diesel and is of high quality. Unlike competitors, our fuel is not solid state, sludge, or slurry, not furnace oil and the residue is non-toxic. I was very pleased to receive IsleChem's detailed P2O reports. Their analytical expertise, industrial knowledge, and ability to work at the molecular level have enabled our company to further improve P2O's efficiency and hydrocarbon output. Interested shareholders, who desire to see a large operating, continuous-feed P2O processor during our AGM weekend, are encouraged to sign up for the tour at ."

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 second 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
]]>NIAGARA FALLS, Ontario, April 13, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) announces that IsleChem, a state certified laboratory, has validated its P2O process. Since December 2009, IsleChem has conducted extensive chemical, analytical and process engineering testing for JBI's P2O technology on a diversified range of plastic feedstocks. A wide variety of plastics were tested and all produced residue of only about 1%, which is allowed in landfills.

In their continuing efforts to analyze the P2O process, Islechem has performed more than 40 small scale runs of various multicoloured, mixed plastic feedstocks through the process. After analyzing the energy consumption, residue, off-gas, and material balance in the process, Islechem has determined JBI's P2O process to be repeatable and scalable. In addition to the confirmed validity of the overall process, Islechem has provided the following statistics regarding the fuel product composition and process emissions:

  • JBI's P2O solution is repeatable and scalable.
  • Approximately 85-90% of the hydrocarbon composition in the feedstock is converted into a "near diesel" fuel.
  • Approximately 8% of the hydrocarbon composition in the feedstock is converted to a usable off gas much like natural gas.
  • Approximately 1% of the feedstock remains in the processor as a residue.
  • This analyzed residue contains various metals from coloring agents and other plastic additives that were originally in the feedstock plastic and a small amount of carbon.
  • The fuel product was analyzed with a gas chromatograph and the chromatogram is similar in many respects to diesel fuel.
  • The fuel product viscosity is approximately 2 cst @ 40 degrees C, and is an amber fuel.
  • The fuel product contains only trace amounts of sulphur.
  • The fuel product centane number exceeds 40.
  • The residue does not appear to contain any highly toxic or difficult to dispose of components.
  • There is no evidence of air toxins in the emissions.
  • The energy balance of the process is positive; that is, more energy value is produced than is consumed by the process. Early data suggests that it is by as much as a factor of two.

IsleChem's results confirmed the Company's results. Furthermore, the process is proven to be scalable to 20 T or larger processors and promises to be free of any harmful emissions or toxic residues, and a high positive energy balance, thus maintaining compliance with the "green" efforts of JBI. 

The Company currently has two small scale processors including a 1 kg processor, a 1 ton mobile processor, and a large scale 20 ton processor that will be demonstrated at the Company's P2O factory tour.

The "near diesel" fuel is diesel with some extra light fuel fractions (gasoline range fuel). The extra gasoline can be separated at the Company's fuel blending site or our fuel can be sold to a refinery. The Company is working with Islechem to add an additional piece of hardware to the P2O processor to separate the extra light fuel (which is valuable) from the output fuel. The company has been able to shift the output fuel range from light hydrocarbon gasoline fuels to heavy oils.

CEO John Bordynuik stated, "It takes energy to produce energy. The key is to get more energy from the final product than it takes to make it. Our process has a high positive energy balance of 2.0 while gasoline from crude has a negative energy balance of 0.81.Our fuel is light, flows like diesel and is of high quality. Unlike competitors, our fuel is not solid state, sludge, or slurry, not furnace oil and the residue is non-toxic. I was very pleased to receive IsleChem's detailed P2O reports. Their analytical expertise, industrial knowledge, and ability to work at the molecular level have enabled our company to further improve P2O's efficiency and hydrocarbon output. Interested shareholders, who desire to see a large operating, continuous-feed P2O processor during our AGM weekend, are encouraged to sign up for the tour at ."

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 second 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
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