JBI, Inc. Announces Interactive Conference Call Details
NIAGARA FALLS, Ontario, Nov 19, 2009 (GlobeNewswire via COMTEX) -- JBI, Inc. (the "Company") (OTCBB:JBII) announces that a presentation and interactive conference call has been scheduled for Monday, November 23, 2009 at 3:00 pm Eastern Standard Time (New York, GMT-05:00). Interested individuals may join the teleconference only by calling the toll-free number (U.S./Canada): 1-877-669-3239 and enter event code: 664 952 426. However, the interactive version, (computer and speakers) with no phone required, is the preferred and recommended method. To join the online event, please visit the JBI website on Monday November 23 at jbiglobal.com for the access link. Management will be giving all shareholders and interested parties an update on corporate operations.
John Bordynuik commented, "I look forward to giving all loyal shareholders, money managers, and prospective investors a comprehensive progress report on our company. We are working diligently to maximize shareholder value through strong internal growth and synergistic, accretive acquisitions."
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 bulk chemical facility which we realize beginning October 1, 2009, and (iv) from the anticipated commencement of operations in the fourth quarter of 2009 with Plastic2Oil, a process and service that converts plastic to fuel oil. For more information, please see jbiglobal.com and javacoinc.com and pakit.com.
SOURCE: JBI, Inc.
By Staff
CONTACT: CONTACT: JBI, Inc.
John Bordynuik, President and CEO
john@johnbordynuik.com
Investor Relations
Katie Matkowski
Katie@johnbordynuik.com
+1 (289) 296-5538
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