Plastic2Oil Inc (PTOI)

[lovethatgreen]

You mean this kind of hype????

He talked about the business plan for Joint Ventures with JBI. He said that they are now focussing on sites that will utilize many machines. They feel that by doing this it just solidifies how well the JBI processors work. They are working with Smurfit-Stone to get a site started in Florida. He mentioned that though Waste Management, JBI is getting all the plastic wastes from Chrysler. He also mentioned that there are some Joint Venture agreements that are coming to completed with some Fortune 500 companies that have been in the works for a year. The structure for these joint ventures will be that JBI will own and operate the processors on the sites. JBI will not pay for the waste plastics. In return, the JV partner will recieve 20% of the revenue from the products manufactured on their locations.

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John also mentioned that in the next 1-2 weeks there will be some interesting news coming out, he looked a little like he did when he was on BNN show, grinning like the cat that just ate the canary when he mentioned it.

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