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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: anniebonny who wrote (729)	5/24/2010 7:31:56 PM
From: SteveF	Read Replies (2) \| Respond to of 53574

Putting together the timeline, JBII announced two property acquisitions. Don't tell me JBII bought Islechem... Feb 4, 2010: JBII forms NY Corporation "JBI RE #1" to purchase industrial building for commercial P2O sec.gov Feb 12, 2010: JBII signs purchase agreement for a fuel blending and distribution site for $130,000. Expects to close within 30 days. jbiglobal.com Feb 12, 2010: JBII announces it has purchased a New York property for P2O processing for $100,000 down and a $270,000 loan jbiglobal.com Feb 13, 2010: JBII executes LOI to acquire U.S. Air Filtration company in Q2 2010 jbiglobal.com News and Press Releases Friday, February 12, 2010 JBI, Inc. Acquires Large Independent Fuel Blending and Distribution Site NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) is pleased to announce that it has signed a purchase agreement for a fuel blending and distribution site. In addition to buildings, a laboratory, and electrical control operations, the site has thirteen 20,000 gallon tanks with full blending infrastructure in place, incorporating top and bottom loading capability. This site also has in excess of 5 acres of land for expansion. This independent fuel blending site has capacity to handle up to 300 million U. S. Dollars per year in fuel. The site was previously used to blend specialty fuels, and blend toluene and other additives with low octane fuels to make gasoline for use at the pump. The site also previously blended specialty fuels including heating oils and other heavy fuels. Originally, costing about $3,000,000 to outfit, the site previously generated over $230,000,000 in annual revenues. Historically, the site supported 80 tanker trucks per shift and used four high speed bottom loaders to fill the trucks. A purchase agreement in the amount of $130,000.00 has been signed and the Company anticipates the transaction to close within 30 days. News and Press Releases Friday, February 12, 2010 JBI, Inc. Acquires New York Processing Facility NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) announces that it has purchased a New York property for business expansion. The facility will be used for P2O processing and consists of a warehouse, processing building, weigh station and office space located on 10 security-fenced acres with parking availability for 27 trucks. The property, located in New York, was purchased for $100,000 down with a $270,000 loan and will serve as a primary P2O site. Additional details will be provided at the Annual Shareholders' Meeting. CEO Bordynuik said, "This is a perfect location for a company-owned P2O site as we will be able to demonstrate an operating P2O processor to visiting shareholders and prospective investors."