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Oil and financials were the big winners today and retail took a hit
JBI, Inc. CEO Bordynuik Recaps 2011 Progress and Key Milestones
THOROLD, Ontario, Dec. 29, 2011 (GLOBE NEWSWIRE) -- As 2011 comes to a close, John Bordynuik, Founder and CEO of JBI, Inc. (the "Company") (OTCQX:JBII.PK - News), offers a recap of the Company's progress and key milestones over the past 12 months.
"It's been an exciting year for the Company," states Bordynuik. "We've taken significant steps forward and on many levels have out-paced traditional industry timelines -- and it has been a team effort." He continues, "The successes we've seen in 2011 have involved many months of extensive testing, third party analysis and validation, and corporate due diligence. We are proud of our accomplishments and are confident about our growth moving into the next fiscal year."
In May 2011, JBI, Inc. announced its first sale of fuel produced by the Company's patent-pending Plastic2Oil(R) ("P2O") process. Shortly thereafter, Coco Asphalt Engineering, a division of Coco Paving, Inc., entered into a Supply and Service Agreement for the Company's ultra-clean, ultra-low sulphur fuel.
June 2011 brought more good news. "On June 17, 2011, we cleared a significant hurdle when the New York State Department of Environmental Conservation ("NYSDEC") issued a permit to JBI, Inc. to operate 3 separate P2O processors at our Niagara Falls facility," comments Bordynuik. "At the same time the NYSDEC also issued a Solid Waste Permit which allowed us to store plastic feedstock materials on-site."
During the summer months of 2011, the Company continued to make enhancements to its P2O processor, giving it the ability to produce specific fuel types to meet the needs of its customers. Bordynuik continues, "This paid huge dividends later in the year when new customers with diverse fuel requirements came onboard."
In July, the Securities and Exchange Commission ("SEC") issued a Wells Notice to the Company in relation to its legacy accounting issues from 2009. "The Company is acutely aware of its responsibilities to its shareholders," states Bordynuik. "As part of our internal corrective actions, we hired a highly respected auditor, an American Certified Public Accountant Controller, and retained the services of another highly ranked auditing firm and numerous financial consultants to advise the Company and assist in preparations of the 10Q and 10K filings. Most recently, we welcomed our new CFO, Matthew Ingham, CPA. Matthew will lead our financial reporting and will continue the improvements which began with the amending of the 2009 10K filing."
The highlight of summer 2011 was the signing of a 10-year exclusive agreement with Rock-Tenn Company (RockTenn) to convert mill by-product waste into fuel using the Company's P2O technology. "The significance of this agreement is impressive as it provides a solution to waste plastic challenges," notes Bordynuik. "And JBI, Inc. will have access to free feedstock supplies for our P2O processors, which we will locate on RockTenn sites."
The fall months of 2011 were spent enhancing the P2O processor in preparation for the final NYSDEC stack test scheduled for December. Upgrades included the installation of low NOx burners and the addition of a pre-melt system to increase through-put volumes. The Company worked with third party fabricators to produce standardized reactors and towers and has received the assembled modules.
"December 2011 has been busy, to say the least," Bordynuik states with a bit of grin. "We kicked off the month by completing the final stack test required by the NYSDEC. It was a very exciting day -- the emissions from the second stack test were found to be cleaner than the first test in August 2010, even with close to double the quantity of waste plastic through-put, while maintaining an 86.7% conversion rate to liquid fuel."
This success was quickly followed by the news of an Air Permit exemption in the state where the first RockTenn P2O site will be located, reducing the lead time for roll-out of the RockTenn agreement in that state.
The year came to a close with the signing of two major fuel supply agreements, the first with Indigo Energy Partners, LLC ("Indigo Energy") for the Company's No. 6 Fuel Oil and the second with XTR Energy Company Limited ("XTR Energy") for road transport fuels. The XTR Energy agreement will require the Company to purchase third party fuels to blend with its P2O fuel output until it can build out the capacity to meet the full quantities required by the customer.
"The beauty of the agreement with RockTenn, in combination with the fuel supply agreements with Indigo Energy and XTR Energy, is that we will be free to focus solely on the manufacturing of additional P2O processors as we move into 2012," says Bordynuik. "It's a huge step forward in achieving our vision of becoming a vertically integrated plastic recycling, fuel processing and fuel distribution company."
For more information about JBI, Inc. and the types of fuel produced by its proprietary P2O process, please refer to the Company's website: www.plastic2oil.com.
About JBI, Inc.
JBI, Inc. is a domestic green Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K, as amended, filed with the SEC on July 18, 2011.
Forward Looking Statements
This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
JBI Inc.
Investor Relations
1-877-307-7067
Change is the law of life. And those who look only to the past or present are certain to miss the future.
- John F. Kennedy
DAX is up 3% today. Futures should be positive at the open tomorrow and we should have a good day unless bad news hits the market between now and then
Nice move recently in that one from the $1.50 level. It is technically overbought here in my opinion. It has formed or is trying to form a bull flag here and needs to consolidate in this area and allow the 10 day moving average to catch up and support the recent explosion. It may continue higher from here immediately however a new investor may find themselves "shaken out" if it pulls back to test support. Obviously a break of 2.59 is a screaming buy too. I hope you made out on the recent move. Happy New Year
How To Increase Productivity And Enjoy Life More
http://www.ritholtz.com/blog/2012/01/how-to-increase-productivity-and-enjoy-life-more/
"Life is about trusting your feelings and taking chances, losing and finding happiness, appreciating the memories, learning from the past, and realizing people change."
- Doug Franklin
JBII -- JBI, Inc. Signs Multi-Year 'Transport Fuel' Take-Off Agreement With XTR Energy
THOROLD, Ontario, Dec 23, 2011 (GlobeNewswire via COMTEX) -- JBI, Inc. (the
"Company") (otcqx:JBII) is pleased to announce today the signing of a multi-year
transport fuel supply agreement with XTR Energy Company Limited ("XTR Energy").
XTR Energy is one of the largest and fastest growing independent retail petroleum
brands for regular and premium gasoline and diesel products in Canada. XTR Energy
focuses on well-priced products, timely deliveries and innovative customer
retention programs. This focus has enabled XTR Energy to establish network
locations in Ontario, Nova Scotia, New Brunswick, P.E.I., Manitoba and
Saskatchewan.
XTR Energy will be purchasing Regular Transport Gasoline, Premium Transport
Gasoline, Diesel Ultra LS Clear and other acceptable road transport products from
JBI, Inc. These products are the fuel output of JBI, Inc.'s Plastic2Oil(R)
("P2O") process, which will then be blended and made available through the
Company's Blending Site in Thorold, Ontario ("Thorold Terminal").
"XTR Energy looks forward to acquiring products from JBI, Inc. in Ontario and
across Canada. This new relationship is directly aligned with XTR Energy's
strategic objective to have a diversified secure supply of quality petroleum
products from a variety of sources to meet the growing demands of the XTR Energy
network and preferred customers," stated Ken Wootton, President of XTR Energy,
upon signing the agreement.
"We were attracted to XTR Energy because of their corporate values and
distribution reach across much of Canada," commented John Bordynuik, CEO of JBI,
Inc. "They are committed to green alternatives, high operational standards and
maintaining long-term winning relationships with both their customers and
suppliers."
The agreement with XTR Energy is a step forward in achieving the Company's vision
of becoming a vertically integrated plastic recycling, fuel processing and fuel
distribution company. It allows the Company to utilize the value of one of its
key assets, the Thorold Terminal, a registered and licensed TSSA fuel blending
and distribution facility with fuel storage capacity in excess of 250,000 U.S.
gallons.
About JBI, Inc.
JBI, Inc. is a domestic green Oil and Gas company. JBI, Inc. developed a process
that converts waste plastic into fuel (Plastic2Oil), without the need of further
refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less
than 1 year. For further information please visit http://www.plastic2oil.com and
review our SEC filings, including without limitation our Form 10-K, as amended,
filed with the SEC on July 18, 2011.
Forward Looking Statements
This press release contains statements, which may constitute "forward looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act.
The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several
significant substantive changes affecting certain cases brought under the federal
securities laws, including changes related to pleading, discovery, liability,
class representation and awards fees as of 1995. Those statements include
statements regarding the intent, belief or current expectations of JBI, and
members of its management as well as the assumptions on which such statements are
based, including the expected timing of the Company's Form 10-K, execution of the
proposed agreements described above and consummation of the transactions
contemplated by such agreements. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those contemplated by such forward-looking statements. Such risks include,
but are not limited to: (1) JBI has a history of net losses, and may not be
profitable in the future; (2) JBI may not be able to obtain necessary licenses,
rights and permits required to develop or operate our Plastic2Oil business, and
may encounter environmental or occupational, safety and health conditions or
requirements that would adversely affect its business; and (3) JBI may experience
delays in the commercial operations of its Plastic2Oil machines and there is no
assurance that they can be operated profitably. For a more detailed discussion of
such risks and other factors, see the Company's amended Annual Report on Form
10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and
its other SEC filings. The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: JBI, Inc.
CONTACT: JBI Inc.
Investor Relations
1-877-307-7067
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
The highest reward for a person's toil is not what they get for it,but what they become for it.
- John Ruskin
Buckle up and enroll today and plan on 2012 to be an incredible year!!!!!!!!
Hopefully it moves higher next week.
I picked some of this up today too it looks good
MNDP Due Diligence and Chart:
MNDP (est. 1992) was trading at .08 a few months ago and is now .0002. I have had numerous conversations with investor’s relations and they made it absolutely clear they are not selling shares or diluting.
Float 134,242,798 a/o Nov 09, 2011
OTC Pink Current
(Link: http://www.otcmarkets.com/stock/MNDP/company-info )
The Mundus Group also has the following divisions including owning a patented part the US military uses in their drone :
Roadable Aircraft Inc., and Goki Mfg. are fully owned subsidiaries of the Mundus Group Inc.;
Air Drone Inc., and Air Intelligence Systems are divisions of the Mundus Group, Inc.
________________________________________
www.airdroneinc.com
www.airintelligence.org
www.goki-mfg.com
www.mundusuav.com
www.roadableaircraftinc.com
(link: http://www.mundusgroupinc.com/index.html )
Mundus Group Strategy
Mundus Group has announced ambitious expansion plans in an effort to gain a market advantage with little competition in several UAV VTOL niches.
Mundus is developing its niche technologies preconfigured in a UAV (Unmanned Air Vehicle) form and will lease / sell its vehicles with complete packages for surveillance, aerial photography, special effects and an array of robotics packages ranging from air sampling and soil sampling to magnetic resonant imaging of infrastructure and bridges.
Mundus Group is expanding and designating several new Aerospace UAVTOL Sales and Service divisions to provide a focused and market driven environment to capitalize on each of Air Drone’s previously defined business areas.
Mundus Group is building upon Air Drone experience, which has demonstrated that each of these divisions could become lucrative untapped markets in a new industry.
Mundus Group believes that with smart marketing and proper funding Air Drone could become the first nation wide provider of UAV VTOL services with multiple sales, training and UAV technology applications that are without competition and unknown to most of the world.
Several of these VTOL UAV applications are untapped and without competition in lucrative markets that suggest that exponential growth potential is possible with a focused separation of target markets with specific innovative products.
Mundus Group will begin with business applications, which will be advertized, industry targeted and prospected for including:
Look at the chart and the volume. MNDP is seeing the highest volume for the year which indicates accumulation.
MNDP was trading at .08 in July of this year and is now .0002
Recent PR’s:
October 05, 2011
Mundus Group, Inc., a diversified technology consortium announces subsidiary, Goki Manufacturing Group, Inc. builds niche in Hollywood Movie Production industry.
September 29, 2011
Mundus Group Inc. announces Air Drone CEO Justin Chapman has written the UAV FAA Manual for the Hollywood movie industry.
September 27, 2011
Mundus Group Inc an aerospace UAS VTOL technology consortium Celebrates 10 Year Anniversary of "Green Aerospace" US Navy Co-developed Electric UAV Technology.
September 23, 2011
Mundus Group, Inc. an aerospace UAS VTOL technology consortium announces strategic partnership Whirly Bird Films aerial cinematography operations to use Mundus Air Drone UAV Electric Drone exclusively to shoot the Stars.
July 29, 2011
Mundus Group Inc an aerospace technology consortium announced it is in negotiations to acquire Chapman Aerospace, a UAV VTOL Technology Provider.
May 18, 2011
Mundus Group Inc., a Diversified Technology Consortium Announces Subsidiary Goki Mfg Expects Demand for Japanese Replacement Parts to Increase
April 12, 2011
Mundus Group Inc., an aerospace technology company to build 200 mph Tandem Cycle XPod XTrava under its subsidiary, Goki Manufacturing Group's Storm Products
March 08, 2011
Mundus Group Inc. an Advanced Technology Company Announces Subsidiary, Goki Manufacturing, to Expand Its Storm Products Racing Equipment Line of Custom High Performance Motocross and All Terrain Vehicle Accessories
February 28, 2011
Mundus Group, Inc., an Aerospace Technology Company, Announced it Has Acquired LKKO LLC, Parent Company of the Goki Manufacturing Group
February 23, 2011
Mundus Group, Inc. Announces That Vario USA, Inc., dba Airstar International Have Decided to Part Ways
January 19, 2011
Mundus Group, Inc. Announces "Patent Approved" for Its Telescoping Wing Locking System
November 15, 2010
Mundus Group, Inc. to Use Independent Investor Relations Firm to Increase Market Awareness
November 02, 2010
Mundus Group Inc. Announces UAV Air Sampling Could Provide the First Early Warning System for Disease Control for Fungus, Microbe and Viral Monitoring of Large Populated Areas
October 26, 2010
Mundus Group, Inc. Studies Potential for VTOL UAV to Provide Increased Capabilities in Fight Against Malaria
October 14, 2010
Mundus Group is Impressed by the Use of VTOL Aircraft Technologies in the Movie Avatar
September 28, 2010
Mundus Group Studies Potential for UAV Natural Gas Inspection in Light of Recent San Bruno, CA Gas Explosion and Fire
August 06, 2010
Mundus Group, Inc. Studies Avalanche Control and Rescue Potential With UAV VTOL Drone
December 7, 2009
Mundus Group Expands Sales, Manufacturing and Market Penetration.
PR’s can all be read in full at the following link: http://www.mundusgroupinc.com/shareholder_update.html
Business Description
Mundus Group, Inc. is a diversified technology corporation with product services and sales within the Aerospace and Transportation industry sectors. Roadable Aircraft International (RAI), and Air Drone Inc. are fully owned subsidiaries of Mundus Group and are in the aerospace industry sectors since 1990. Recent acquisition, Goki Mfg is in metal manufacturing for over forty years serving the off-road sport and racing equipment sectors of the transportation industry. In 1991, RAI developed innovative technology for building VTOL vehicles that would take off and fly in the air like a helicopter but without any exposed propellers and due to its proprietary 8-foot ducted fan, it would be able to drive like a car on normal streets without any reconfiguration. Subsidiary RAI’s current focus is the completion of its prototype 4, the “VTOL Vortex Cruiser” and will be the flagship of the Mundus aerospace product line when completed. RAI’s ducted fan technology eliminates exposed propeller blades allowing vehicles to operate within close proximity to buildings, infrastructure and has the potential to revolutionize a new mode of inner space transportation with the greatest impact on humanity initially to the Search and Rescue sector as well as Law Enforcement and Public Safety industry sectors. RAI Patents, Highlights & Awards In 1993, RAIs first VTOL Ducted Fan prototype, “The Flyer” won First Place in Best Invention of the Year competition at the Discovery Channel Invention Convention. Since 1993 RAI has produced three (3) prototypes, the 3rd of which has proven to be capable of vertical take offs and landings and was awarded a US Patent in 2002. RAI and US Navy completed a 3 year (2001-2004) Cooperative Research & Development Agreement (CRADA) for VTOL Ducted fan technology culminating in a US Patent # 6,457,670 B1 Oct. 1, 2002 awarded to Roadable Aircraft Inc. November 16, 2010 Mundus Group has received a patent for the Telescoping Wing Locking System (Patent No.: US 7,832,690 B1). Subsidiary Air Drone, Inc. (ADI) has been a manufacturer of Unmanned Air Vehicles (UAV) and Remote Controlled (RC) VTOL technology in the aerospace industry since 2004. Air Drone founders worked with RAI and US Navy on UAV development of the first all electric ducted fan UAV for RAI where tethered test flights were conducted at the US Naval Air Research Operations Headquarters in Point Mugu, California between 2001 - 2004. Since 2004 Air Drone Inc has been in the design, engineering, development, production and sales of cutting edge RC UAVs for aerial cinematography for movies and commercials. Goki Manufacturing Group is a fully owned subsidiary of Mundus Group and brings a state of the art CNC prototyping facility to Mundus with over forty years in machining, fabrication and assembly providing production capabilities. Goki Manufacturing and its Storm Products brand have become well known in the Off Road Bike and All Terrain Vehicle world for their superior engineered parts and durability under the worse conditions imaginable. Storm Products provides custom engineered replacement parts for Honda, Kawasaki, Yamaha and Suzuki that are the professional’s choice among top motocross, off road racing and ATV high performance equipment. Goki Manufacturing holds World Land Speed Record set at Bonneville Nationals, Inc. with the Southern California Timing Association “Sponsors of the World’s Fastest Automotive Speed Trials”, Goki holds world speed records for September 25, 1980 94.074 and September 27, 1980 100.807 mph Class A-AB-125 Motorcycle. Goki Mfg grew with the film production industry and built the first 2 axis camera mounts made for Camera Car Industries Inc. in 1987. When Hollywood vehicle engineer Allan Padleford needed close up high speed race car action for the 1990 hit movie, Days of Thunder, he turned to Goki Manufacturing to build and configure the tools he would need to get that amazing camera car auto-racing footage. This was the first time that a camera car was driving at high speeds embedded in the race in order to capture the thrills through what was the cutting edge of cinematography at its inception. Serving the Mecca for the movie industry, custom vehicles, aerospace and high tech innovation in southern California, Goki Manufacturing Group grew in business because of exceptional experience in multiple technologies.
(Link: http://www.otcmarkets.com/stock/MNDP/company-info )
I'd say she studied at Daddy U.
Perhaps a masters at Grandaddy U.
She must be studying at Wealth University:
22 Year Old Pays Record $88 Million For NYC Apartment
http://www.redgage.com/c-ogdgdb
JBII -- JBI, Inc. Successfully Completes Its Final P2O Stack Emissions Test
THOROLD, Ontario, Dec. 7, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII.PK - News) announces the successful completion of its final P2O Stack Test performed by Conestoga-Rovers and Associates ("CRA") on the Company's Plastic2Oil ("P2O") commercial processor. The stack test, which is a measure of emissions from the processor vent, was conducted by CRA beginning on December 5, 2011, with completion on December 6, 2011. The New York Department of Environmental Conservation ("NYSDEC") was also present during testing.
Three stack tests were performed on the existing commercial processor with a pre-melt system. Unwashed, unsorted waste plastics, including various industrial plastics and gas tanks from scrap cars, were used as feedstock for the testing. This type of feedstock is consistent with the day-to-day waste plastic that the processor is currently converting into fuel.
The stack tests were conducted at feed rates of 3,258 lbs/hr, 3,233 lbs/hr and 3,932 lbs/hour respectively. Ultimately, the test results proved that emissions decreased with increased feed rates, further validating that P2O is a highly "green," clean and scalable process. The addition of the pre-melt system, which was designed and installed in Q3, greatly improved feed rates for the process.
Draft emissions data was provided by CRA staff following the completion of each test. Emissions were significantly reduced through more efficient and higher combustion of the off-gas generated by the process.
Final average emissions for 3,923 lbs/hr were 15.97% O2, 3.05% CO2, 3.1ppm (parts per million) CO, 15.1 ppm NOx, 2.88 ppm TNMHC and 0.02ppm of SO2. The NOx emission was approximately one-fifth that of the original P2O processor tested 1 year ago.
The P2O processor did not have any stack filters or scrubbers.
"In-spec" end-user fuels produced were also tested and verified as ultra-low sulphur.
Management anticipates receiving final reports from CRA after audit and peer reviews of the testing are concluded. These reports and permit modifications, which allow a higher feed rate, will be filed in accordance with NYSDEC permit regulations.
The Company believes that the successful stack test results will aid significantly when seeking permit exemptions in other U.S. states. Additionally, the Company believes that these results will contribute to maximizing production at the existing New York processing plant.
About JBI, Inc.
JBI, Inc. is a domestic alternative Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year. For further information please visit www.plastic2oil.com and review our SEC filings, including without limitation our Form 10-K filed with the SEC on April 20, 2011.
Forward Looking Statements
This press release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company's Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contact:
JBI Inc.Investor Relations1-877-307-7067
SPIN -- Spine Pain Management, Inc. Announces Guidance and Corporate Updates
HOUSTON, Dec. 5, 2011 /PRNewswire via COMTEX/ -- Spine Pain Management, Inc.
(otc.bb:SPIN.PK - News), a rapidly growing specialty medical management and
finance company, is introducing guidance and providing various corporate updates.
Dr. William Donovan, Chief Executive Officer, stated, "We are pleased to convey
financial guidance reflecting strong growth on the top and bottom line, and
report on various developments."
Guidance
For 2012, assuming no external financing to support further prefunding of
receivables, we expect net revenues of $11.5-$12.0 million, and earnings per
share (EPS) of $0.30-$0.35. This assumes receivables collection accelerating
sequentially, albeit at a lesser rate than the projected increases in total
accounts receivable.
We expect that for every $1 million of external pure debt financing raised, we
can generate, on a full year basis, approximately $2.5 million of net revenue and
$0.08 per share in EPS. We are currently in active discussions with several
financing sources, although there can be no guarantee of closing of such a
transaction.
For the fourth quarter of 2011, we expect net revenues and EPS to approximate
$1.7-$1.8 million and $0.04-$0.05 respectively. This is in line with performance
in the third quarter of 2011. It reflects the slight seasonal effect whereby the
holidays somewhat retard billing and collection activity. Absent the seasonality,
sequential growth from third quarter to fourth quarter of 2011 would be more
defined.
New Center Added
The sixth regional Spine Pain Management diagnostic center opened on December 1,
2011 in Sarasota, Florida. Dr. Eric Groteke, principal of the new center, said,
"Our rapidly growing practice in the Sarasota area with an increased referral
base of patients made it a natural for us to affiliate in this way with Spine
Pain Management."
To Appear at Investor Conference December 8, 2011
The company will present and meet with investors at the LD Micro Conference at
the Luxe Sunset Boulevard Hotel in Los Angeles, California. The conference is
December 7th-8th and Spine Pain's formal presentation is the morning of December
8th. Representing the company will be Dr. William Donovan, CEO; John Talamas,
COO; and Gary M. Giblen, Director of Development, Finance and Communications.
About Spine Pain Management:
We are a medical marketing, management, billing and collection company
facilitating diagnostic services for patients who have sustained spine injuries
resulting from traumatic accidents. We deliver turnkey solutions to spine
surgeons, orthopedic surgeons and other healthcare providers that provide
necessary and appropriate treatment of musculo-skeletal spine injuries resulting
from automobile and work-related accidents. Our care management services help
reduce the financial burden on healthcare providers that provide patients with
early-stage diagnostic testing and non-invasive surgical care, preventing many
patients from being unnecessarily delayed or inhibited from obtaining needed
treatment. We believe that our patient advocacy will be rewarding to patients who
obtain needed relief from painful conditions.
Additional information about the company, along with a video can be found at its
website at http://www.spinepaininc.com.
Forward-Looking Statements: This press release includes forward-looking
statements as determined by the U.S. Securities and Exchange Commission (the
"SEC"). All statements, other than statements of historical facts, included in
this press release that address activities, events, or developments that the
company believes or anticipates will or may occur in the future are
forward-looking statements. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the actual
results, performance or achievements of the company to be materially different
from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include general economic and business
conditions, the ability to acquire and develop specific projects, the ability to
fund operations, healthcare services demands, changes in healthcare practices,
government regulation, and other factors over which the company has little or no
control. The company does not intend (and is not obligated) to update publicly
any forward-looking statements. The contents of this press release should be
considered in conjunction with the warnings and cautionary statements contained
in the company's recent filings with the SEC.
For Information Contact:Gary M. Giblen Director of Strategic Development, Finance
& Communicationsggiblen@spinepaininc.com (203) 324-2022
SOURCE Spine Pain Management, Inc.
Copyright (C) 2011 PR Newswire. All rights reserved
SWINGTRADE BOARD FAVORITES BY MikeDDKing&Rawnoc (12/06/11 update):
* IPMN - biodiesel and diversified alternative energy company.
* Mike's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69668148
* Rawnoc's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69539727
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=4950
* TPCS - an industry leading manufacturer of precision, large-scale fabricated and machined metal components and systems.
* Mike's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69593210
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=12932
* AXST - a leading provider of fixed wireless voice and broadband data products to the worldwide telecommunications market.
* Mike thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69628251
* Rawnoc's thoughts -- http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69540811
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=11400
* PBSV - technical compliance related consulting services primarily for medical companies.
* Mike's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69668752
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=21446
SPIN - Medical marketing, management, billing and collection company facilitating treatment for patients with spine injuries.
* Mike's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69603710
* Rawnoc's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69598466
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=10703
JBII - Alternative Oil and Gas company that has developed a process to convert waste plastic into fuel (Plastic2Oil).
* Rawnoc's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69547793
* Mike's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69665241
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=15341
INXSF / INX.V - Rapidly growing marketing data collection company.
* MikeDDKing's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69668962
* Rawnoc's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69526131
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=11816
ASTC - Provider of satellite launch processing services with huge backlog.
* Mike's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69655182
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=5026
TESS - Provides and services wireless systems for businesses and government.
* Mike's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69573308
GAXC - Mini CSTR - Rapidly growing self serve kiosk provider.
* MikeDDKing's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69666060
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=13686
REPR - Rapidly growing & profitable makers of the only home, FDA & medicare approved syringe infusion system.
* Rawnoc's thoughts - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69543055
Board - http://investorshub.advfn.com/boards/board.aspx?board_id=201
*updated since last posting
This list is in no particular order (except that the most recently updated tends to be toward the top) nor are they owned in equally weighted amounts as some we may have a LOT of money in while others very little as of the last update. Any links are thoughts as of the date and time they are written which may not be current. Also some symbols and/or links may be dropped from time to time without further update as the information/opinions mentioned simply become outdated. Please verify all claims and info, and do your own homework in addition.
AXST -- looking for a massive upwards move. Here's why:
(1) Last Q earnings came in at +.053 EPS. Annualized rate of over .20/share for a stock barely trading over .20 -- if this isn't a super value I don't know what is.
(2) Backlog increased with the awesome quarter so I think there's a good chance these earnings will continue and AXST will explode accordingly.
(3) Their recent success is due to a new cool wireless product they sell through Sprint.
(4) Insiders have been buying in the open market:
http://finance.yahoo.com/q/it?s=AXST.PK+Insider+Transactions
REPR is setting up to be a huge home run IMO. Here's why:
(1) REPR is already profitable and growing. Furthermore, on May 20, 2011 REPR received their long anticipated FDA approval for the marketing of their new needle set. It is expected that this approval will lead to a significant increase in sales and REPR is underdoing significant manufacturing expansion and stockpiling of inventory in anticipation of this. Sales begin with the next reported quarterly report.
(2) Freedom60 Sales (their main product) are continuing to explode led by an increasing recurring revenue stream from the use of this device with Hizentra and other drugs -- patients tend to be patients for life who require REPR's tubing sets every month which run over $325 per year per patient for life. Hizentra sales continue to explode and the maker of Hizentra continues to promote REPR's Freedom60 device and tubing sets. 10Q forecasts further increases as a result of Hizentra drug approval last year and the Freedom60 starting to be used for other drugs as well.
(3) REPR's Freedom60 device is the only one of its kind approved by Medicare.
(4) Rock solid balance sheet with a large and growing cash position from consistent quarterly profits, very little debt, and zero need for dilution.
(5) REPR recently had some insider buying in the open market.
INXSF / INX.V -- looking for a huge upside move. Here's why:
(1) They are profitable and growing and have built a solid business that they keep guiding for increased sales.
(2) Insiders have been buying shares in the open market:
http://canadianinsider.com/coReport/allTransactions.php?ticker=inx
(3) Their customer base includes many multi-billion dollar household name companies:
Sprint, Best Buy, Victoria's Secret, Toyota, GM, Mazda, Ford, Pizza Hut, Staples, and BJ's
http://www.intouchsurvey.com/Customers
(4) The float and share count are rather small -- any serious buying as their success continues to layer up can result in a huge upside move quite easily as history has shown in the chart (from the very low single digits to here) -- it won't take much to move to the $1.00+ range as sales and earnings get even higher.
(It trades in Canada as INX.V and in the US at INXSF)
SPIN = NO BRAINER....going to be an easy monster home run IMO. Here's why:
(1) SPIN is making money (EPS) hand over fist and growing since inception and the EPS + growth is very cheap vs. the price.
(2) SPIN is guiding for 2012 EPS of +.30 to +.35 organically plus an extra +.08/share EPS for every $1 million in debt financing they get. They are seeking a minimum of $3 million with several parties interested:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69597212
(3) Recent CC describes business model of what is happening as a "snowball effect" -- as they collect they reinvest into an accelerating bigger and bigger pool of receivables.
(4) SPIN has a great balance sheet with a book value of over .19/share. SPIN is not diluting and has no reason to dilute and has made it clear it won't dilute. SPIN is only looking for financing in the form of a debt instrument that will further accelerate their already exploding earnings.
(5) SPIN's business is completely recession-proof with very little competition.
(6) SPIN's CEO regularly buys in the open market while drawing no salary:
http://finance.yahoo.com/q/it?s=SPIN.PK+Insider+Transactions
(7) Their CEO was previously CEO of a pinksheet stock that got uplisted to NASDAQ and then later on the AMEX. SPIN's business model is very similar to the CEO's old company.
SPIN Most Recent CC and Presentation:
http://spinepaininc.com/q3.php
SPIN Message Board: http://investorshub.advfn.com/boards/board.aspx?board_id=10703
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