Plastic2Oil Inc (PTOI)

[JBIIRULES]

2/12/2010 Heddle Marine contract stock was at $5.00-$6.00

When the Heddle Marine contract was signed the stock was roughly at its peak

JBI, Inc.'s P20 Marine, Inc. & Rick Heddle's RWH Marine Consulting, Inc. Sign Principal Definitive Contract for a P2O Ship Development Agreement (SDA)
Posted Feb 12th, 2010 in 2010 News Releases

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.


https://www.plastic2oil.com/site/news-releases-master/2010/02/12/jbi-incs-p20-marine-inc--rick-heddles-rwh-marine-consulting-inc-sign-principal-definitive-contract-for-a-p2o-ship-development-agreement-sda

Historical PTOI prices
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