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Re: Rawnoc post# 153

Tuesday, 12/08/2009 9:23:18 AM

Tuesday, December 08, 2009 9:23:18 AM

Post# of 190
JBI, Inc. CEO Reduces Outstanding Common Shares by 12 Million

NIAGARA FALLS, Ontario, Dec 8, 2009 (GlobeNewswire via COMTEX) -- JBI, Inc. (the
"Company") (JBII) announces that John Bordynuik, CEO / President, has returned
twelve million of his common shares to the Company's treasury and was issued one
million non-convertible preferred shares, with 100 to 1 voting rights and no
dividend income. The net effect of this transaction is that there will now be
46,725,106 total outstanding common shares and 1,000,000 series A super voting
preferred stock outstanding. The Company's shares are available to use for
accretive acquisitions and debt pay-off.

John Bordynuik commented, "Since June 2009, I have returned 22 million of my
common shares to the Company's treasury. I have no interest in selling my
personal shares or impeding corporate share growth through unnecessary or
potentially damaging dilution. My goal is to build a dynamic global growth
company and, in so doing, to maximize share valuation for all loyal shareholders.
This is best accomplished by growing our core businesses, making prudent
acquisitions, and increasing net earnings per share."

About JBI, Inc.

JBI, Inc. is transitioning to become a global technology leader whose purpose is
to mine data from JBI's large information archive, find under-productive entities
to inject our superior proprietary technologies into, and benefit from increased
productivity and profitability, beginning with Plastic2Oil. JBI has also acquired
the following operations:

JAVACO, Inc. ("Javaco") is part of the Supplier Diversity Network, WBENC. JAVACO,
Inc. currently distributes over 100 lines of equipment from fiber optic
transmitters to RF connectors. To further enhance business in the United States,
new distribution lines are frequently being added including a line of home
theater and audio video products. Javaco will operate and manage the Company's
Plastic2Oil sites in Mexico.

Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery system (liquid
cleaner in a water soluble sachet) Pak-It can deliver glass cleaner,
disinfectant, multi-purpose, and many more cleaning products (42 products
currently) shipped in tiny packages of condensed cleaner (inside a 'dry' 1 quart
container). This delivery method is "green" since it's fully biodegradable and
saves thousands of dollars in shipping. The user simply adds water to the
container without measuring or cutting the Pak-It. Large retailers and many
national Building Service Contractors already using the product have documented
significant cost savings from shipping, training, inventory control and space.

Accordingly, our revenue sources presently include (i) income from reading
archived tapes (including microfiche) from clients such as NASA, (ii) income from
the recently acquired JAVACO, Inc., (iii) income from the sale of Pak-It
products, and bulk chemical facility which we realize beginning October 1, 2009,
and (iv) from the anticipated commencement of operations in the fourth quarter of
2009 with Plastic2Oil, a process and service that converts plastic to fuel oil.
For more information, please see http://www.jbiglobal.com and
http://www.javacoinc.com and http://www.pakit.com/.

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 and of 1995. Those statements include
statements regarding the intent, belief or current expectations of JBI, Inc., and
members of its management as well as the assumptions on which such statements are
based. 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. 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.
John Bordynuik, President and CEO
john@johnbordynuik.com
Investor Relations
Katie Matkowski
Katie@johnbordynuik.com
+1 (289) 296-5538


(C) Copyright 2009 GlobeNewswire, Inc. All rights reserved.
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