The Golden Lounge

[guzaling]

John Bordynuik's response re: Joe Emas, and previous shell people:

With respect to Joe Emas:

When I purchased this company the first thing I did was to eliminate the
“shell” service providers who generally provide legal, stock, and
auditing support. There was little to be concerned about in this shell
as it was never able to establish its business plan or operations.

In this company, much like most other OTCBB shell companies, the lawyer
was Joe Emas, the transfer agent was Global Stock Transfer, and the
auditor was Moore and Associates. The first task was to replace the
shell-company service firms with those who serve operating companies with
real value.

I retained Anslow and Jaclin to handle the company's legal affairs. I
hired Gately and Associates to handle the audits, and Pacific Stock
Transfer acts as the transfer agent (they purchased Global's client
contracts when Global went under). We will be retaining a large audit
firm to handle our audits because our company is growing faster than a
small firm can reasonably handle.

Since replacing the shell service providers, I retained a rock star
management team. To begin with you have Robert Shoemaker, an MBA banker
with 20 years experience growing community banks from one to 10, then
public. Ron Baldwin Jr, our CFO was hired last year. He has his law
degree, is an accountant and auditor, and a few credits shy of an
engineering degree. Ron Baldwin Jr was the VP of a large hedge fund. As
well, you can see the bios of our other professionals hired within
management of our company to grow it. Our bios can be viewed here:
http://www.plastic2oil.com/team.html
I don’t get paid unless this company is highly successful. Value-based
management all the way.

Since acquiring JBI, I have strived to build this company by retaining
exceptionally talented professionals and retaining firms capable of
supporting our growth in full compliance with the regulatory agencies.

Large audit firms, law firms and transfer agents have all had their share
of blunders and that is no different than the small firms (ie: Emas). It
always comes down to management and the culture within the company. In our
case, our management team has the ethics, integrity and capability to
achieve exponential growth, honestly without the use of fancy calculations
or off balance sheet arrangements. Fortunately many of our shareholders
are in direct contact with us and many get involved to collectively build
something sustainable, real, and valuable.

I won't even emphasize the fact that we are sole-sourced by NASA, read
sensitive data for multi billion dollar Oil and Gas companies, provide
cleaning chemicals for the largest big-box retailers in the US (Home Dept,
Sears, target, KMart,etc..). Our performance speaks for itself.


Regards,

John Bordynuik
CEO
JBI