Plastic2Oil Inc (PTOI)

[flptrnkng]

NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- 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.

The agreement states RWH will provide the use of their expert services and equipment to the Company. P20 Marine, Inc. will finance the acquisition and construction of P2O ships and the parties will share the net revenue from the operating ships. The agreement requires RWH to provide technical support and maintenance and requires P20 Marine, Inc. to provide P2O processors and P2O knowhow. Both parties have agreed that costs should be minimized so that the net revenue enjoyed by both companies is maximized.

RWH has dry docks, maintenance crews, and necessary machines, and will provide the technical know-how and retrofitting skills to effectively execute the JV plan. See http://heddlemarine.com/">http://heddlemarine.com.

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Are you saying Rick Heddle, the current CEO of PTOI, entered into this agreement, not intending to follow through on it?

That makes it a sham deal. Dialing 1-800-WELLSNOTICE