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To: MorningLightMountain who wrote (4460)	1/6/2011 6:49:43 AM
From: scion	Respond to of 53574

When was the purchase made of the air filtration company, and what is the name of the purchased company? scion Share Thursday, January 06, 2011 6:06:29 AM Re: Justice37 post# 87950 Post # of 87952 You also have to remember that JBI have just purchased an air filtration company so they can deal with medical waste. When was the purchase made of the air filtration company, and what is the name of the purchased company? -------------- JBI Inc. Executes Letter of Intent to Acquire U.S. Air Filtration Company globenewswire.com NIAGARA FALLS, Ontario, Feb. 13, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (OTCBB:JBII) is pleased to announce that the Company has executed an LOI for its planned acquisition of a profitable U.S. air filtration and custom air ventilation company. The acquisition is anticipated to be officially consummated in the second quarter of 2010. This company is privately owned and the owners have requested that its name not be disclosed to the public until the Definitive Agreement is executed. The acquisition is a high tech air filtration and custom air ventilation company that has a strong relationship with the US Army Corp of Engineers, numerous Federal agencies and the Health Care industry. They design and install customized, energy efficient air handling and air filtration systems. These systems are installed in some of the most sensitive Federal and Military buildings in the US. There are potential synergies for this business with P2O and intellectual property of JBI. In both 2008 and 2009, the company had approximately $15 million of revenues and was profitable. John Bordynuik, JBI Inc. CEO and President, stated, "This is really a synergistic, value-added acquisition that truly complements our business model and corporate growth goals. In addition to our core product line, these products have very high growth potential, and excellent profit margins. The Company's IP is protected through a patent. Initially, we will utilize our media credits to launch an extensive public-awareness campaign to market our green product line to consumers and retailers in the United States, Canada, and Mexico." globenewswire.com