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Gold/Mining/Energy : JBII - The Secret Catalyst Turns Plastics into Oil
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From: Rawnoc10/19/2012 9:34:53 PM
2 Recommendations   of 704
 
From: JBI Investor Relations <ir@jbi.net>;
Subject: Re: SAIC report
Sent: Wed, Aug 15, 2012 1:32:39 PM

The SAIC report will not be made available to the general public due to the fact that our agreement with SAIC does not allow for it. The report was conducted in conjunction with our last financing and was the most comprehensive and credible validation for the process we've received thus far.

The SAIC report was an extremely detailed audit of our system and its capabilities. SAIC brought in a 30-year expert in catalytic cracking with a second engineer to look over the system. They followed every pipe, every wire, every nut and every bolt of the system to make sure that it works as advertised.

The independent SAIC report further verifies P2O's commercial and economic viability. We focused mainly on producing fuel #6 for the report because that is the fuel that is yielding some of the better margins for us when sold. We still have the capability to make diesel and fuel #2, and as per the conference call in February, the machines can be switched in real-time to change the fuel desired.

Again, we were extremely happy with all of the positive information that was contained within the report and we released to the public what we felt we could to appease both shareholders and people involved with the independent review.

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