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JBI Inc. (JBII)
AL SOUSA -- CONTRACT FOR 45 P2O SITES
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Wednesday, January 05, 2011 11:52:02 AM
AL SOUSA -- CONTRACT FOR 45 P2O SITES OR 90 P2O PROCESSORS
Confirmed in the latest CC that CEO John Bordynuik and Al Sousa are meeting in January to discuss plans and move forward.
Al Sousa is an ex-VP of a New York Stock Exchange company (Horizon/CMS, NYSE: HHC) that got bought out for $1.8 billion. This is massive credibility for JBII.
From the February 12, 2010 PR:
"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.
Mr. Sousa is a seasoned executive with extensive business experience in both the public and private sectors and has been involved in a wide variety of matters including operational management of multiple entities including acquisitions, marketing, financing and governmental affairs.
In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million. His division had seven business segments in sixteen states with approximately 2,800 employees."
Found on the Web:
"Al's most significant results were achieved as Vice President of the Medical Service Division of Horizon/CMS Corporation....The Medical Service Division was a startup in July of 1993, achieving annualized revenue of $100 million by November 1997, with operations in seven business segments in sixteen states, and approximately 5,000 employees.This operation was also responsible for the development and oversight of Horizons specialty care units representing an additional $28 million in annualized revenue."
Proof that Horizon/CMS was bought out for $1.8 billion:
"HealthSouth made its largest acquisition yet when it purchased Horizon/CMS for $1.8 billion in 1997."
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