You're forgetting the synergy. A chemical company combined with great products that have a bright future, and will add much revenue to the bottom line. I look forward to the company's next acquisition.
And JBII is in their words:
Initially, the JBI business lines appear unrelated. Precisely the opposite is true. We are organically growing our enterprise and expanding our boundaries to include technologies that support our goals.
JBI was born out of the innovation of our founder, John Bordynuik. John's data recovery and restoration process has provided JBI access to valuable engineering discoveries dating back to the 1950's. Applying this process to his personal data library, John recovered the formula for the catalyst that renders the JBI Plastic2Oil (P2O) process efficient and economically viable.
While planning for the build-out of P2O, JBI acquired JAVACO, a telecommunications infrastructure company. With a strong presence in Central and South America, JAVACO will allow for the rapid expansion of P2O in these markets. Additionally, JAVACO will provide important protection for JBI's P2O intellectual property.
In Q3 of 2009 JBI acquired PAK-IT for the high-potential product portfolio and to serve as manufacturer of the P2O catalyst. PAK-IT technology will allow the P2O catalyst to be distributed in pre-measured quantities. Concurrently, JBI is enhancing PAK-IT's original product lines and expanding into the retail sector. JBI will promote the new PAK-IT retail launch using media credits secured in the JAVACO acquisition.
z
