Plastic2Oil Inc (PTOI)

[Artiztic1]

0 for 3 completed...not a very good track record!!

JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites, and Will Apply for ASE Listing

Also, JBI has signed a Letter of Intent for the establishment of an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity controlled by Al Sousa of Largo, Florida.

Mr. Sousa is a seasoned executive with extensive business experience in both the public and private sectors and has been involved in a wide variety of matters including operational management of multiple entities including acquisitions, marketing, financing and governmental affairs.

In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million. His division had seven business segments in sixteen states with approximately 2,800 employees.

The Company expects that the ADA will be consummated by February 15, 2010.

http://www.plastic2oil.com/news/2009-press-releases/20091222-jbi-executes-loi-for-45-p2o-sites-in-florida.aspx


It is a JV, not an LOI last I heard.