News Focus
News Focus
Followers 244
Posts 55847
Boards Moderated 12
Alias Born 04/12/2001

Re: scion post# 77644

Friday, 11/19/2010 1:17:52 PM

Friday, November 19, 2010 1:17:52 PM

Post# of 312101
The Company has a large backlog of tapes to be migrated has been sought by other international entities that are interested in having data recovered.[sic]


When JBI Inc. acquired certain assets from John Bordynuik Inc. the Company began to operate what was once John Bordynuik Inc’s. data recovery business.

This acquisition included tape drives, servers, and a mobile data recovery facility that can be deployed on-site to recover information for customers with highly sensitive data.

The Company has a large backlog of tapes to be migrated has been sought by other international entities that are interested in having data recovered.[sic]

The tape business is not as financially intensive as Pak-It or P2O, but equally or even more intensive with regards to the allocation of time and human capital, specifically from John Bordynuik, our CEO. John is the only person authorized to analyze and mine the data from this business, and with consideration of our other growing businesses, he is currently unable to dedicate significant amounts of time to this endeavor. We are not pursuing new business right now due to the time constraints related to John Bordynuik’s position as CEO, however we do have a backlog of tapes to be read. JBI Inc. is in still in contact with all of our current tape customers in order to maintain our working relationships. Our customers have been impressed with JBI Inc’s. tape reading abilities and understand our business’ position at this time.

FORM 10-Q For the quarterly period ended September 30, 2010
Filing Date 2010-11-17
http://www.sec.gov/Archives/edgar/data/1381105/000121390010004886/f10q0910_jbi.htm
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y