Feb 13, 2010 16:58 JBI Inc. Executes Letter of Intent to Acquire U.S. Air Filtration Company
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. continued...
Feb 12, 2010 19:00 AS PTO, LLC Enters Into JV/License Agreement With ES Resources, LLC for First P2O Processing Site in Florida
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that on February 12, 2010, AS PTO, LLC, which entered into an Area Development Agreement (ADA) with JBI, Inc. for 45 P2O sites, has entered into a Joint Venture and Licensing Agreement with ES Resources, LLC for a P2O processing site to be located in Clearwater, Florida. continued...
Feb 12, 2010 18:58 UPDATING and REPLACING -- JBI, Inc. Hires Michael Kaplanis as Vice-President, Mergers & Acquisitions and Strategy
In a release issued earlier today by JBI, Inc. (the "Company") (OTCBB:JBII) under the same headline, please note that the Company has added a new paragraph, which is now the third paragraph. The updated release follows: continued...
Feb 12, 2010 18:28 Ohio P2O, LLC Submits a Reservation Deposit and Development Agreement for a Potential P2O Processing Site in Cleveland/Columbus Ohio Region
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that on February 12, 2010, Ohio P2O, LLC has made a reservation deposit to confirm its interest in purchasing a License for the marketing and exploitation of the Plastic2Oil technology from ASPTO, LLC on behalf of JBI. continued...
Feb 12, 2010 18:02 JBI, Inc. Sets Annual Shareholders' Meeting Date for April 24, 2010
JBI, Inc. (the "Company") (OTCBB:JBII) announces that the Annual Shareholders' Meeting will be held at the Fallsview Casino in Niagara Falls, Canada in the Grand Ballroom E on April 24, 2010 at 2:00 pm EDT. The meeting will be open to all shareholders, prospective investors, money managers, and the media. continued...
Feb 12, 2010 18:00 AS PTO, LLC Accepts Reservation Deposit With Tampa PTO, LLC for a Potential P2O Processing Site in Florida
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that on February 12, 2010, AS PTO, LLC, the Florida Area Developer with JBI, Inc., has received a reservation deposit from Tampa PTO, LLC for a potential P2O processing site to be located in Tampa, Florida. continued...
Feb 12, 2010 17:45 JBI, Inc. Executes Area Development Agreement (ADA) With AS PTO, LLC for 45 Sites in Florida
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that on February 12, 2010, JBI consummated an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity (AS PTO, LLC) controlled by Al Sousa of Largo, Florida. continued...
Feb 12, 2010 17:35 JBI, Inc.'s P20 Marine, Inc. & Rick Heddle's RWH Marine Consulting, Inc. Sign Principal Definitive Contract for a P2O Ship Development Agreement (SDA)
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that its wholly-owned subsidiary, P2O Marine, Inc., and Rick Heddle's RWH Marine Consulting, Inc. have signed a definitive contract for a P2O ship development Joint Venture. continued...
Feb 12, 2010 17:30 JBI, Inc. -- IsleChem Contributions to P2O
JBI, Inc. (the "Company") (OTCBB: JBII) announces that IsleChem, a state certified laboratory, has been working closely with the Company since December 2009 on chemical, analytical and process engineering for its P2O technology. The core businesses of IsleChem are Contract R&D, Contract Manufacturing, Scale Up Services, Analytical Services, Contract Technical Services, and Environmental Services. Full details of the company's expertise and professional services may be viewed at islechem.com continued...
Feb 12, 2010 17:20 JBI, Inc. Acquires New York Processing Facility
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. continued...
Feb 12, 2010 17:15 JBI, Inc. Hires Michael Kaplanis as Vice-President, Mergers & Acquisitions and Strategy
JBI, Inc. (the "Company") (OTCBB:JBII) announces that Michael Kaplanis has been appointed as its Vice-President, Mergers & Acquisitions and Strategy. In this capacity, Mr. Kaplanis will be responsible for assisting JBI with accretive acquisitions, forming national and international P2O growth strategies, providing green energy analysis and helping to execute JBI's business model. Michael graduated in May, 2006 Summa Cum Laude with a Bachelor of Arts, Biological Anthropology and Anatomy; History Minor, from Duke University, Durham, NC He was elected to Phi Beta Kappa in spring 2006 after completing a four-year curriculum in three years with a GPA 3.90/4.00. While at Duke, he was a member of the men's varsity football team and was a three year Atlantic Coast Conference Athletic Honor Roll honoree. Mr. Kaplanis was recently employed as a Senior Associate continued...
Feb 12, 2010 17:00 JBI Inc. CEO Will be a Guest Speaker at African Petroleum Producers Association Event
JBI, Inc. (the "Company") (OTCBB:JBII) announces that John Bordynuik, CEO / President, will be traveling to Africa in late March, 2010, where he has been invited to be a guest lecturer at CAPE IV, speaking about JBI's unique tape transcription technology. continued...
Feb 12, 2010 16:50 JBI, Inc. Hires Experienced Ship Captain Michael Moneyhan to Oversee P2O Ship Expansion
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that it has hired Captain Michael Moneyhan to oversee JBI'S planned P2O ship expansion strategies. As a ship Captain with a US License for vessels to 3000 GRT on all waters and considerable experience in project management of ships, new builds, rebuilds, and refits, Captain Moneyhan is well-qualified to assist JBI with its offshore P2O expansion. From 1970 -1974 with the U.S.M.C., he was trained in aircraft communications, navigation, and electronic counter measures. He has been a commercial deck officer for the past 34 years and for the past 22 years, he has concentrated on building and Captaining large privately owned yachts. continued...
Feb 12, 2010 16:40 JBI, Inc. Hires Four Seasoned Sales Reps for Pak-It Canada Launch
JBI, Inc. (the "Company") (OTCBB:JBII) announces that it has hired four sales representatives for its Pak-It Canada launch. With the automation and establishment of Pak-It production machines at the Company's Niagara Falls location, JBI is now prepared to introduce the eco-friendly PakIt cleaning products to Canadian consumers and institutions. The four sales reps recently hired will be responsible for Pak-It product expansion in Canada. Working in conjunction with major media advertising, individual creative talent, and Western Creative's upcoming campaign, the new reps are all very enthusiastic about penetrating the large Canadian market. continued...
Feb 12, 2010 16:30 JBI, Inc. Acquires Large Independent Fuel Blending and Distribution Site
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. continued...
Feb 12, 2010 16:22 JBI, Inc. Begins Taking Applications for Plastic2Oil Licenses
JBI, Inc. ("JBI" or the "Company") (OTCBB:JBII) is pleased to announce that it has started taking Applications for Joint Venture license partners for Plastic2Oil. continued...
Feb 12, 2010 16:18 JBI, Inc. Appoints Chief Operating Officer Dr. Jacob Smith to Its Board of Directors
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce the appointment of Dr. Jacob Smith to its Board of Directors. JBI's Board of Directors is composed of the Chief Executive Officer, the Chief Operating Officer, and three well-qualified individuals who are expected to provide constructive input and individual creative expertise to help execute the Company's business model. continued...
Feb 12, 2010 16:12 JBI, Inc. Appoints Theodore J. Henry to Its Board of Directors
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that Theodore J. Henry is JBI's newest appointed independent Board member. continued...
Feb 12, 2010 16:06 JBI, Inc. Appoints Amy Bradshaw to its Board of Directors
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce that Amy Bradshaw has been selected as an independent Director on JBI's Board of Directors. continued...
Feb 12, 2010 16:01 JBI, Inc. Appoints John M. Wesson to Its Board of Directors
JBI, Inc. (the "Company") (OTCBB:JBII) is pleased to announce the appointment of John M. Wesson to its Board of Directors. John Bordynuik, CEO/President of JBI, had previously stated that it was necessary and important that stakeholders have proper representation and input into the Company's growth strategies. JBI's first appointed independent Board member is John M. Wesson, a New Jersey shareholder and 1980 graduate from Drew University, Madison, N.J. with a B.A., Psychology and Minor continued...
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