JBI, Inc. Updates Details on Annual Shareholders' Meeting Set for April 24, 2010
Date : 03/26/2010 @ 11:16AM
Source : GlobeNewswire Inc.
Stock : JBI, Inc. (JBII)
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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 jbiglobal.com and javacoinc.com and pakit.com.
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